• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Strategies in Decision Making - Critical Thinking and Decision Making

Extracts from this document...


Critical Thinking and Decision Making MGT 350: Strategies in Decision Making Critical Thinking and Decision Making Human beings have been preoccupied with thought and the concept of thought for centuries as is evidenced by the many philosophical and religious writings we find dating from ancient times. After all, we as human beings hold ourselves to be the masters of intelligence in the natural world since no other specie seems to exhibit the capability of thought and intelligence as demonstrated by human beings, the very term "homo sapiens" infers the ability to think. Critical thinking is asking the right questions about the information we are presented with on any given situation. Or as Brown and Keeley put it, it is "asking critical questions." (Pg. 2) To put it more specifically, asking critical questions "provide(s) a structure for critical thinking that supports a continual, ongoing search for better opinions, decisions, or judgments." (Brown and Keeley, 2000, Critical Thinking, Asking the Right Questions, Pg. 2). This is, in the view of the writer, the best and most accurate way to define critical thinking. There would be no need for critical thinking, or asking pertinent questions, except we are in search of "better opinions, decisions, or judgments" about what we think. ...read more.


In the context of the present class, problem solving and decision making are synonymous terms. But it is the view of the writer that decision making does not necessarily have to involve a manager solving problems in the context of a business environment; deciding what to have for breakfast or what suit to wear are simple decisions that we make each day. Decision making and problem solving are in deed closely related, but both processes amalgamate more and more only when we are given more information about a particular matter that increases its importance. Deciding what to eat for breakfast or what to wear each day may not fit the definition of a problem although it may have some importance. Bu if we are going on a job interview that particular day, our appearance may be more important today than other days, so we may decide to wear our best suit of clothes today because we want to look our best for the interview. Someone observing us who may not know that we are going on an interview that day may wander why we are spending more time and effort deciding what to wear. Just the same, we might not think much about what we have for breakfast each morning, but if we suffer from diabetes, then deciding what to eat suddenly becomes a delicate matter. ...read more.


The sponge approach, and (2) the panning-for-gold approach. McCall and Kaplan in the book Whatever It Takes, cite Ibid describing "a turbulent stream rather than... an assembly-line operation... a twisted, unshapely halting flow." (Pg. xvii, Preface) Both analogies involve the idea of either water, or a running stream. To establish a correlation between the two using a simile, we could say that: the turbulent stream and murky waters of the decision-making process may seem at first very difficult to overcome. But if we use critical thinking, and absorb the stream of information, screening out the debris by panning carefully for the meaningful information as we ask the right questions, we may be able to find that desired but elusive nugget of gold hidden in the chaotic mess of the torrid organization, a good decision. In other words, critical thinking is a necessary part in decision making. It allows us to identify the problem, evaluate the information, choose an alternative, and decide. Working in the finance office of a medium size business, this writer finds the decision-making and problem-solving processes not only present, but utilized by some to a high level of skillfulness. 1 Quote from T.Connolly, "Uncertainty, Action, and Competence: Some Alternatives to Omniscience in complex problem-solving," in Uncertainty: Social and Behavioral Dimensions, ed.S. Fiddle (New York: Preger, 1980) 1 Critical Thinking and Decision ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. Develop my understanding regarding the production of accounts and their use for business decision ...

    Many small businesses aim to maximise their profits. However they may be happy with making some profit and then pursuing other objectives like sales growth. Profit Maximisation Profit maximisation should benefit the shareholder (the owners), because they will receive a large dividend (a share of the profit) at the end of the year.

  2. "Knowledge is power". In the context of a business organization, discuss the role of ...

    For example in many supermarkets there is an automatic process of discounting across linked product lines. This is often shown at the bottom of the shopping receipt as the total discount offered to the customer. At this stage the data has become of use to the customer, and some market value can be perceived.

  1. The Different Theorists And Their Theories - FW Taylor.

    I went around and asked a few owners of businesses in the market and they all seem to agree that there probably wont be a large amount of people entering the market. Most young people nowadays tend to go on the computers side and not the quilting and manufacturing side.

  2. Compare and discuss contrast between Staples.com & Boo.com

    Boo.com - Failure Case Study A. Introduction In September 1998, Boo.com (Boo) was formed in the UK with just seven staff. The three founders, Kajsa Leander, Ernst Malmsten and Patrik Hedelin, devised a plan to sell designer sports and leisurewear directly to customers via the Boo web site.

  1. Artificial Intelligence

    and harder for one to go through life without using one on a daily basis, for research, to type academic papers, check your mail, listen to music, do your taxes, order flowers, pay credit card payments, write resumes, and even apply for jobs online.

  2. The Basic Problem Solving Model.

    Evaluation: Measurement of each alternative on these absolute requirements and other dimensions 4. 4. Knowledge of boundaries: The collection of information on boundaries/constraints/risks for each alternative such as political and cultural pressures, ethical and resource constraints, and additional problems the solution might create 5.

  1. A proposal to modify "Exercisco Fitness Club" in Pokfulam, the location has been proposed ...

    How the information is currently recorded and where it is kept Exercisco first gathers all the bills received from renting agencies and the bills for the electricity from other electric supplier companies. Then the club gathers puts together the table about the record of sales and makes sure it is correct by counting the money received from the member.

  2. Gossip: Mere words or made up reality?

    The friend suggest that he keeps an eye on the other new employee from group B as he knows someone who works with him, this other person is also in group B. The Progression Already evidence has shown that depending on our way of thinking information can be received in many different forms and interpreted however we see fit.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work