When utilizing a rational decision-making process, what is the final step in any decision-making situation?

Take action and implement the decision

Learn from and reflect on that decision

List the pros and cons of alternatives

Make the decision

Managers would incur substantial opportunity costs by making decisions without key stakeholder and employee decision, primarily because:

Employees were strategically hired for difference in skill set, expertise and perspective

Employees will think more highly of the manager

Employees will more motivated

Debate on important issues is a good way to filter which employees are strongest