What is the third stage of the rational model of decision making? Identify the problem or opportunity. Implement and evaluate the chosen solution. Develop alternative solutions. Evaluate alternatives and select a solution.

Evaluate Alternatives and Select a Solution.

Explanation:

There are five steps in the rational decision making model of which the third stage is the evaluation of alternative plans and policies. These are measurements that highlight success and failure of alternatives. This stage includes secondary and final analysis. Thus, the options information are evaluated to establish possible consequences of each alternative.

Answer: Evaluate alternatives and select a solution.

Explanation: Strategist and decision makers in an organization are constantly being tasked coming up with solutions to arrest recurring organizational challenges or problem and adopting certain business principle or strategy. Decisions made in the Bea interest of an organization by Strategist using logical inference after having studied and evaluated available and feasible alternatives could be referred to as employing the rational model of decision making. The third stage in this model is the evaluation of alternatives and selecting a solution based in available information. This stage is usually preceeded by identifying the problem and defining the decision criteria.