The five step process for making great decisions (IM 671)

Ray Dalio in his book "Principles-life and work" highlighted five step process of great decision making. I have been inspired by this process and believe that these steps are the gem when it comes to make decisions. This five step process includes:

1. Setting a goal
2. Identifying and not tolerating the problems
3. Diagnosing the problems
4. Coming up with the design and finally
5. Doing the task required