1.get the facts
2.identify state holder and position
3consider the consequences of your decision
4.weigh your guidelines and principle
5.develop and evaluate the option
6.to review your decision
7.evaluate the results of your decision
1.the virtue ethics approach
2.utilitarian approach
3.fairness approach
4.common good approach
*For me the situation how to apply the 7 step of decision making and 4 philosophical theories is how to manage a business.
First you must have collect data of what kind of business you want to manage.Identify if this business is in state holder and position you have to consider the consequences of your decision,weigh your guideline and principle how to manage it.develop and evaluate your option regarding your data you must review and evaluate the result of your decision.And don't forget to apply also the 4 philosophical theories in your business if you have a good and successful business.