OODA Stands for Observe, Orient, Decide and Act. It is called a loop to underscore the continuous nature of decision-making in dynamic, competitive environments.
At a high level, the steps of this process are to:
- Observe: Gain situational awareness via all your senses
- Orient: Contextualize what you observe based on everything you know
- Decide: Formulate the optimal course of action
- Act: Execute on your decision without delay
In a dynamic environment your actions will change the situation, requiring another loop of OODA till the competition is over. 
Looking for a deeper dive? See a fuller examination of the OODA Loop including insights from one of the leaders in the room with John Boyd when the concept was built at: The OODA Loop Explained.
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