A structured approach or set of principles used to guide decision-making processes, providing consistent criteria and steps for evaluating options and reaching conclusions. It helps ensure decisions are made systematically and can be communicated and replicated.
Combines 'decision' from Latin 'decidere' (to cut off, determine) with 'framework' from Old English 'framian' (to benefit) and 'work.' The business concept emerged in the 1960s-70s as organizations sought to systematize strategic thinking and improve decision quality.
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