Yes, the statement is correct.

Explanation:

Informed decision-making is a crucial process for both organizations and individuals. It involves collecting relevant information and using it to solve problems or address issues they may be facing. Making informed decisions helps ensure that choices are based on accurate and up-to-date information, which increases the likelihood of achieving desired outcomes.

Below are the key points explaining the process of informed decision-making:

1. Definition of Informed Decision-Making:
- Informed decision-making refers to the process of gathering and analyzing relevant information before making a decision.
- It involves considering different options and evaluating their potential outcomes based on available data.

2. Collection of Information:
- The first step in making an informed decision is to gather information related to the problem or issue at hand.
- This can be done through various methods such as research, surveys, interviews, or data analysis.
- The information collected should be reliable, accurate, and relevant to the decision being made.

3. Analysis of Information:
- Once the information is collected, it needs to be analyzed to identify patterns, trends, and potential solutions.
- This analysis helps in understanding the implications of different options and their potential impact on the problem or issue.

4. Evaluation of Options:
- After analyzing the information, the next step is to evaluate different options or courses of action.
- Each option should be assessed based on its feasibility, effectiveness, and alignment with the desired objectives.

5. Decision-Making Process:
- The final step in informed decision-making is to make the actual decision.
- This decision should be based on the information and analysis conducted earlier.
- It is important to consider potential risks and uncertainties associated with the chosen option.

6. Implementation and Review:
- Once a decision is made, it needs to be implemented effectively.
- Regular review and monitoring of the decision's outcomes are necessary to ensure its success.
- If required, adjustments or modifications can be made based on the feedback received.

In conclusion, informed decision-making is a systematic process that involves collecting, analyzing, and evaluating relevant information before making a decision. This process increases the chances of making effective and successful decisions for both organizations and individuals.