Final answer:
Simon's 4 step decision-making models are not explicitly defined in the question, but decision-making can be described as a multi-step process. Herbert Simon originally proposed a model with three main phases: intelligence, design, and choice. Other decision-making models can include stages similar to the five stages of economic growth or the three-stage problem-solving process of strategy, solution, and significance.
Step-by-step explanation:
Simon's 4 step decision-making models are not explicitly listed as making up four distinctive stages. However, the process of decision-making can certainly be conceptualized into various models that are relevant to the world of business and organizational management.
Decision-making generally involves a multi-step process that aids individuals or organizations in selecting a particular course of action among several alternatives. While Herbert Simon proposed a model of decision making that is generally understood to have three main phases: intelligence, design, and choice; other models may include additional stages like implementation and review.
A potentially analogous model could relate to the five stages of economic growth listed in the question, which are stages 1 through 5: Traditional society, Preconditions for take-off, Take-off, Drive to maturity, and Age of high mass consumption. These stages describe a country's economic growth but can be metaphorically applied to the iterative process of decision-making as an entity or business evolves.
When addressing problem-solving, the three-stage process mentioned (strategy, solution, and significance) can be seen as a subset of decision-making where one identifies a problem, devises ways to solve it, and assesses the impact of the solution.