Preview

Critical Thinking Simulation Decision Making Tools and Techniques

Powerful Essays
Open Document
Open Document
1405 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Critical Thinking Simulation Decision Making Tools and Techniques
Abstract

Critical thinking—systematically evaluating information inputs—is an important managerial requirement in today’s dynamic world. A decision-maker is subjected to an information overload, each seeming to suggest a different problem and a different solution. This simulation requires a manager to differentiate between real problems and symptoms, devise alternate solutions, and measure the impact of those solutions. Our paper will provide details of the problem evaluation tools and techniques our team encountered in the simulation as well as the techniques utilized to evaluate the decision making process outcomes. Finally, our team will discuss what changes in the decision making techniques that could have generated better results.

Critical Thinking Simulation

“Now, more than ever, managerial decisions have far-reaching consequences in the way that organizations fail or succeed in bridging commerce and compassion, sustainability and profitability, and move from vision to effective strategic implementation. Solving problems, making decisions, and picking the courses of action are the most critical aspects of being in charge because it is risky and very difficult" (Safi and Burrell, 2007). A bad or unethical decision can be damaging to a company and a career. High level decisions usually require someone reviewing the companies overall goals and objectives to align the solution with the problem. Bad decisions are usually made when critical thinking is not a part of the decision-making process or other human factors such as personalities, assumptions and perceptions are used in the decision making process.

Critical Thinking in the Decision Making Process “Critical thinkers: distinguish between fact and opinion; ask question; make detailed observations; uncover assumptions and define their terms; and make assertions based on sound logic and solid evidence” (Ellis, D. Becoming a Master Student, 1997). Critical thinking helps to ask the



References: Safi, A and Burrell D (2007). Developing Advanced Decision-Making Skills in International Leaders and Managers, Vikalpa: The Journal for Decision Makers: Jul-Sep2007, Vol 32 Issue 3, p1-8, 8p, 1 chart Spitzer, Q and Evans, R (1997). Heads You Win: How the Best Companies Think, New York: Simon & Schuster. http://www.accd.edu/sac/history/keller/ACCDitg/SSCT.htm, Retrieved on June 3, 2008, from

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Critical thinking is a complex approach to arriving at an educated decision by implementing a strategy for questioning and reasoning that will lead to a well-informed outcome. The process of thinking critically begins with having an open mind. Critical thinking plays an important role because being able to gather and analyze all available data allows me to make decisions to the best of my ability. In the end I have to take into consideration, not only the impact any decision I make will cause me, but also the impact it will cause others. Making any decision, whether it is minor or major,…

    • 285 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Critical thinking is the talent to rationally think. It includes the ability to involve in reflective and liberated thinking. While involved in critical thinking, you are able to understand the reasonable connection with ideas. You will also be able to identify, build, and evaluate opinions. Also, critical thinking helps you identify and find the importance in the ideas of what you are trying to figure out.…

    • 260 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Critical thinking is taking in all of the facts available to you and evaluating those facts to reach a concise decision. There are six steps in the critical thinking process. The first step is remembering. Remembering is the base for the follow on five steps. Remembering is the ability to recall key details and facts on the information you have reviewed. The second step is understanding. Understanding is the ability for you to take what you remembered and put it in your words. The third step is applying. Applying is the ability take the information and create a product or result. The fourth step is analyzing. Analyzing is the ability to break down your idea into parts. The fifth step is evaluating. Evaluating is taking the information you have and rating its truthfulness and usefulness. The sixth step is creating. Creating is the culmination of all the previous steps to produce a result.…

    • 718 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    CRT205 week 9

    • 371 Words
    • 2 Pages

    Critical thinking is the skill to apply reasoning and logic to fresh or unused ideas, views, and conditions. Thinking critically includes seeing stuffs in an open-minded manner and observing an idea or concept from as many approaches as likely. This essential skill lets people stare past their individual interpretations of the world and to improve and realize the views of others. It is frequently used in discussions, to procedure additional cogent and well-rounded arguments, and in science. The skill to think critically is essential, as it generates new opportunities in problem solving. Being "open-minded" is a huge portion of critical thinking, permitting an individual to not simply search for out all likely answers to a problem, but to as well accept an response that is diverse from what was initially expected. Open-minded thinking needs that a individual does not take responsibility that his or her method of approaching a circumstances is always best, or even right. Critical thinking is well-defined as reasonable, reflective, responsible, and skillful thinking that is fixated on determining what to have confidence in or do. Critical thinking is analytical thinking. This sort of thinking takes complications away from each other fundamentally and down to their origins, in order to solve the problems. Critical thinking is not a matter of gathering information. An individual with a respectable memory and who recognizes a lot of facts is not automatically good at critical thinking. A critical thinker is capable to deduce concerns from what he identifies, and he recognizes how to create the use of information to answer problems, and to search for related sources of information to advise him.…

    • 371 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Course Syllabus

    • 2081 Words
    • 14 Pages

    Paul, R. W., & Elder, L. (2006). Critical thinking: Tools for taking charge of your learning and your life (2nd ed.). Upper Saddle River, NJ: Financial Times/Prentice Hall.…

    • 2081 Words
    • 14 Pages
    Satisfactory Essays
  • Good Essays

    Week 9 Hum 111

    • 571 Words
    • 2 Pages

    Critical thinking is purposeful thinking. We find ourselves thinking in every situation of life. Most of that thinking may be more automatic than purposeful. The skill is to strive for good thinking that includes reason and accuracy by remaining curious. Critical thinking is a skill that one works on daily. Problems and issues present themselves regularly. By making critical thinking one of our daily habits we improve our thoughts and abilities to approach problems and issue. When we think about how and why we think and to what purpose is when we are thinking critically.…

    • 571 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Begging the Question is a type of fallacy that is used quite a bit. It is considered to be a fallacy of assuming when trying to prove something. One of the main things to remember with the use of this fallacy is that the term "Begging the Question" has a very specific meaning. This means that if someone was trying to prove something to us but they are not being specific and leave room for there to be more questions asked then there is a good chance this is an example of a begging the question fallacy. According to Whitman, "The fact that we believe pornography should be legal means that it is a valid form of free expression. And since it 's free expression, it shouldn 't be banned (Whitman, 2001)" is an example of begging the question.…

    • 1357 Words
    • 6 Pages
    Good Essays
  • Best Essays

    MSc Clinical Leadership

    • 5046 Words
    • 16 Pages

    Parcon, P. and Press, L. (2006) Book Summary Preview: Develop Your Decision-Making Skills. [online]. Available at: http://www.bizsum.com/2page/b_DevelopYourDecisionMakingSkills.php [Accessed 20 January 2010].…

    • 5046 Words
    • 16 Pages
    Best Essays
  • Good Essays

    an issue prior to developing a solution. Critical thinking requires that we not just view our own point of view but also the views of others. Critical thinking involves questioning, research and deep evaluation of what is being considered prior to approaching a potential solution. By examining the subject in a deeper manner, we are able to ensure our approach to the solution is far more comprehensive and therefor more effective. After we have made sure all the information is being examined we can begin to…

    • 1185 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Critical thinking provides the skills for a thinker to achieve a conscious level of mind with self-discipline to acknowledge and adhere to practice the art thinking of thinking. Thought drives life through a set of standards that become ingrained in reasoning that are applied to elements that support perspective as we develop intellectual traits to shape the clarity and non-bias viewpoint.…

    • 670 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Persuading Your Audience

    • 573 Words
    • 3 Pages

    Critical thinking is the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action. I have learned even when a person thinks critically their ideas can still be rejected, I have learned that getting and keeping the attention of the audience is important, and I have learned to use other people’s critiquing of my ideas as an advantage instead of seeing it as something negative.…

    • 573 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Every big decision begins with the process of critical thinking. Critical thinking plays a huge role in everyday decision making whether it be at work or personal. There are a few main elements to critical thinking. Understanding these elements can help someon use critical thinking in the decision-making process.…

    • 341 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Critical thinking is defined as: 1) the awareness of a set of interrelated critical questions; 2) the ability to ask and answer critical questions in an appropriate manner; 3) and desire to actively use the critical questions (Browne & Stuart, 2012, p. 2). It is impossible to grow as a person if we do not apply critical thinking to our lives. We must ask "why?" and be open to the answers regardless of our current position. By practicing autonomy, curiosity, humility and respect for good reasoning we are displaying the values of a critical thinker and expanding our worldview. If we refuse to embrace a lifestyle of strong-sensed thinking we will cling to "wishful thinking"…

    • 572 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Critical Thinking

    • 1264 Words
    • 6 Pages

    The concepts of critical thinking and perception are both gaining increasing importance in the world today. Critical thinking allows one to understand difficult concepts in a manner that is clearer and more defined. One can more readily understand those concepts if they employ critical thinking. In all portions of everyday life, a person is expected to make independent judgments. Those judgments are based on experience and knowledge. Without the ability to think critically, every situation that a person comes across would have to be considered in isolation from all other situations. When a person encounters a problem that is a new one, he or she may be able to use critical thinking to solve those problems. One manner in which a person can develop critical thinking skills is through using them in all situations. By doing this, a person can discern when to use certain skills. One way of using critical thinking is to review material and analyze that material. There are many times when critical thinking is an important concept. It is important in the classroom. It is important in the boardroom. It is important for not only the student, but also the CEO. The mother or the teacher can apply critical thinking. Doctors employ critical thinking, as do nurses. Everyone employs critical thinking at one time or another whether or not this is even realized. This critical thinking needs to be channeled as well as focused. While critical thinking is important in all occupations, it must begin in childhood. Teachers must help their students to develop critical thinking modalities. Critical thinking helps considerably in problem solving. Without critical thinking, one must rely on old and outdated information. All businesses, from the simplest to the most technologically advanced, need critical thinkers. Critical thinking also helps in decision-making. Both problem solving and decision-making abilities are vital to a prosperous business. Persons who are…

    • 1264 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Trustee Professor of Management, Bryant University Michael A. Roberto is the Trustee Professor of Management at Bryant University in Smithfield, Rhode Island, where he teaches leadership, managerial decision making, and business strategy. He joined the tenured faculty at Bryant after serving for six years on the faculty at Harvard Business School. He also has been a Visiting Associate Professor at New York University’s Stern School of Business. Professor Roberto’s new book, Know What You Don’t Know: How Great Leaders Prevent Problems before They Happen, was published by Wharton School Publishing in 2009. It examines how leaders discover hidden problems and unearth bad news in their organizations before such problems escalate to become major failures. His 2005 book, Why Great Leaders Don’t Take Yes for an Answer, was named one of the top-10 business books of that year by The Globe and Mail, Canada’s largest daily newspaper. The book examines how leaders can cultivate constructive debate to make better decisions. Professor Roberto’s research focuses on strategic decision-making processes and senior management teams. He also has studied why catastrophic group or organizational failures happen, such as the Columbia space shuttle accident and the 1996 Mount Everest tragedy. He has published articles based on his research in Harvard Business Review, California Management Review, MIT Sloan Management Review, The Leadership Quarterly, and Group and Organization Management. Professor Roberto’s research and teaching have earned several major awards. His 2004 article, “Strategic Decision-Making Processes: Beyond the Efficiency-Consensus Tradeoff,” was selected by Emerald Management Reviews as one of the top-50 management articles of 2004…

    • 37940 Words
    • 152 Pages
    Powerful Essays