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Essay on Decision Making

Critical Thinking and Decision Making Essay

❶It is good for people to be able to see both sides of an outcome when making a very important decision in life. Hundreds of students-to-be face a real academic dilemma:

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In a personal aspect when I have a decision that needs to be made I tend to weigh all the possible outcomes and determine which one benefits me the most. For instance when I decided to go back to school at the University of phoenix I weighed the [possible outcomes of going back to school with the possible outcomes of not going back to school.

Determining pros and cons is a typical weigh to reach an outcome when debating what to do in a scenario. I decided that the pros far outweighed the cons and I could potentially make a lot more money by going back to school in the long run than if I had decided not to re-enroll back into college.

It is good for people to be able to see both sides of an outcome when making a very important decision in life. For the major decisions and choices people have to make it is essential they they be aware of the positive and the negatives of the potential outcome they choose.

That scenario would have played out with me being stuck in the same old dead end job and not making the effort to change my future for the better. When I put myself in the scenario where I went back to school I could see myself graduating, getting a good job and living a more prosperous life.

In concluding the decision making process is one that helps people make real life decisions in real life situations. Being a good decision maker causes others to trust our abilities, whereas the opposite is true if we tend to make decisions hastily without carefully considering the ramifications of those decisions and their impacts across functional units. It is obvious that decision making is a key component in our lives, but decision making without critical thinking gives us only half of the picture.

It is these two components combined that result in successes both personally and professionally. In an article written by Greg Kitzmiller , he states that "It seems most business people are busy taking action, meeting with people, interacting and making decisions. Certainly, thinking is one of the most important actions we take and is at the core of strategic planning.

In order to develop a strategic plan, you must closely evaluate all aspects and in making decisions about your course of action, you develop a strategic plan for the future. From both a personal and professional level, these two combined techniques will put you in a better position to reach your goals and be successful.

As restated by Ken Petress "Making quality decisions involves critical thinking; critical thinking has been defined as - involving the ability to explore a problem, question, or situation; integrate all the available information about it; arrive at a solution or hypothesis; and justify one's position". Benefits of Critical Thinking Critical thinking allows us to question our environment and the information presented to us. As stated in our text, we can either "One alternative is to accept passively what you encounter; doing so automatically results in your making someone else's opinion your own.

A more active alternative consists of asking questions of yourself in an effort to reach a personal decision about the worth of what you have experienced.

Being a product manager for U. It is at this level, back-office support, that I see the most critical thinking and decision-making taking place.

On a daily basis, representative and customer numeric information is prepared to determine our position versus the competition and over the calendar year. Individuals in our operations and finance departments work closely together to monitor our sales and report these findings to upper management.

It is at the upper management level however, where I lose sight of critical thinking and decision-making. Not assuming that these individuals are lacking in critical thinking, it is sometimes difficult to follow their reasoning for the decisions that they make.

Case in point, a little over a year ago, half of our organizations employees were relieved of their duties in a downsizing effort. We were advised that in order to remain profitable, we had to decrease our expenses and streamline all of our processes.

The remaining employees did just that and now a year later, we have rehired all of our staffs and added additional members to our organization. I question, why we could not streamline our processes and still retain the knowledgeable staff we had in place?

It is very difficult to exist in a downsizing effort since work requirements increase while headcount does not. When I stop to consider that I probably do not have a clear picture of how ACN looked financially a year ago, I know that I cannot critical evaluate the situation in order to understand their position and reasoning.

Perhaps this understanding in and of itself is critical thinking. Nominal Group Technique The nominal group technique strongly encourages and harbors participation by everyone in the group selected to tackle a particular issue or problem. In order to understand critical thinking, one must analyze the concept of reasoning. We use reasoning in communication. Reasoning is presented in language and is used to tell jokes, make insult, report factual information, describe a scene or a personality, tell a story, express our feelings, explain why we have acted in a particular way and ask questions.

Sometimes we use reasoning to persuade others to accept the truth of a statement, by offering them reasons or evidence in support of this statement. This is the most central and material part of an argument. Arguments occur when someone believes some statement and presents reasons aimed at persuading others to adopt the same point of view. Often people do this without realizing that what they are saying is argumentative.

When presented with an argument, critical thinking becomes an important part of the equation. Critical thinking is a systematic evaluation. This way of thinking is something we are not accustom to but we must learn how to use this system so we can judge situations and make more efficient decisions. Critical thinking allows a person to listen and make a decision based on all information that is presented in a problem.

After acquiring all information, a person using critical thinking will evaluate and ask critical questions at the appropriate time in order to get the best decision or judgment. With critical thinking there are two thinking styles. They are the sponge and panning for gold. The sponge thinking style allows a person to absorb information and to retain knowledge for the purpose of understanding it.

The sponge thinking style is also incredibly stolid and requires no participation in making a decision. All information is taken for what it is worth. A person believes exactly what is said and does not question the information. On the other hand there is panning for gold. Panning for gold thinking style gives a person a chance to take in information, listen and analyze all opinions. After listening and analyzing, a person takes this information and determines if the information has any worth and how it would influence the outcome.

This type of thinking style allows a person to ask question about any given situation. Both styles are necessary for critical thinking. They compliment each other.

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words sample essay on Decision Making. How to take the correct decision? The ability to decide and choose wisely and rightly is often a matter of how the problem was posed.

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What is the importance of good decision making ill tell you making decisions has an effect on more than just you, a decision can affect you for the rest of your life, and intuition decision 3/5(5).

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In concluding the decision making process is one that helps people make real life decisions in real life situations. Some people use different methods to help them figure out which decision is best for them. Free making decisions papers, essays, and research papers.