Decision cycle
A decision cycle or decision loop is a sequence of steps used by an entity on a repeated basis to reach and implement decisions and to learn from the results. The "decision cycle" phrase has a history of use to broadly categorize various methods of making decisions, going upstream to the need, downstream to the outcomes, and cycling around to connect the outcomes to the needs. Overview A decision cycle is said to occur when an explicitly specified decision model is used to guide a decision and then the outcomes of that decision are assessed against the need for the decision. This cycle includes specification of desired results (the decision need), tracking of outcomes, and assessment of outcomes against the desired results. Examples of decision cycles In quality control, PDCA (Plan–Do–Check–Act) is used. In science, the scientific method (Observation–Hypothesis–Experiment–Evaluation) can also be seen as a decision cycle. In the United States Armed Forces, a theory of an OODA loop (Observe–Orient–Decide–Act) has been advocated by Colonel John Boyd. In the lean startup methodology, the Build-Measure-Learn loop is used to guide product development. In management, Herbert A. Simon proposed a decision cycle of three steps (Intelligence–Design–Choice). Much later, other scholars expanded his