Which process involves analyzing a problem or opportunity, selecting solutions, and evaluating results?

The correct answer is found in the concept of decision making, which encompasses the process of identifying a problem or opportunity, generating and selecting viable solutions, and then evaluating the outcomes of those solutions. This is a fundamental aspect of management practice, as effective decision making is crucial for addressing challenges and leveraging opportunities within an organization.

In the context of decision making, the initial analysis involves understanding both the nature of the problem or opportunity and the context surrounding it. After identifying potential solutions, decision makers must deliberately choose among them based on criteria such as feasibility, potential impact, and alignment with organizational goals. Finally, the evaluation step is vital; it allows managers to assess the effectiveness of the chosen solution and to reflect on any adjustments that may be necessary going forward.

In contrast, resource management focuses on the optimal use and allocation of resources within an organization rather than the broader decision-making framework. Strategic planning is more about setting long-term goals and determining the direction of an organization rather than the step-by-step process of selecting and evaluating individual solutions. Operational planning deals with the specifics of how to implement strategies and achieve goals at a day-to-day level, rather than the analytical process of making decisions regarding problems or opportunities. Thus, decision making is the most comprehensive term that captures