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Essay text:
I have used a variety of decision-making tools, including PMI, SWOT, CBA, Decision-Trees, and MDPISA.
What are these tools? We have all used PMI; it is the quintessential Pro's versus Con's. It stands for plusses, minuses, and interesting. The "interesting" column captures the implications of making each decision. I have used this tool in almost every area of my life. It helps to see a problem rationally, without the distraction of emotions or ego.
SWOT stands for strengths, weaknesses, opportunities and threats. In my experience, this is often used by mass-market retailers and companies that sell to them...
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