Critical Thinking And Decision Making

Critical Thinking And Decision Making-3
In decision making, critical thinking means challenging accepted wisdom.

In decision making, critical thinking means challenging accepted wisdom.

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This paper examines the relationship between critical thinking and the decision-making process, explains the course textbook position, and relates how both processes apply to the author’s workplace.

Critical thinking involves the ability to analyze and assess information gathered through observations, reasoning, discussions with others, reflection or experience.

If you are trying to decide about a potential investment opportunity, you may not be able to scientifically examine all the factual claims being presented to you, but you can at least find out if there are people with professional expertise willing to back those claims up.

The safest option is to find someone you know personally who has knowledge in finance or investments, but failing this, you should always get more than one person's opinion before you accept a claim.

Both use similar words: reason, reflection, and focus.

The commonality in Ennis and Mc Peck’s definitions provides three criteria for critical thinkers: reason, evaluation and focus. Applying critical thinking to the decision-making process can help you make decisions based on reason instead of biased modes of thinking, whether your own or the ones you have been taught.When presented with potential evidence for making decisions, people have a tendency to interpret facts to suit their own tastes.In such a case, you may need to rely on the knowledge of other people you can trust.This doesn't mean you are dumb; on the contrary, it means you are smart enough to know your own limitations.Robert Ennis (1995) defines critical thinking as “reasonable and reflective thinking that is focused on deciding what to believe or do.” In contrast, John Mc Peck defines critical thinking in Critical Thinking and Education (1981) as the “skill and propensity to engage in an activity with reflective skepticism within the context of a discipline and the knowledge within a given field.” These two vastly different definitions nonetheless highlight two important components of critical thinking. The first component involves the abilities and skills relevant to the proper understanding and evaluations of reasons, claims, and arguments. Whatever It Takes – The Realities of Managerial Decision Making (2nd ed.). You should critically evaluate the credibility of people offering evidence before making a decision.In many decisions, you have to rely on information that you might not entirely understand because you are not an expert in that particular field.Managers effectively employing critical thought processes improve decision-making, enhance innovation and create strong, open lines of communication with peers and subordinates. Most issues requiring critical thought often have more than a single potential solution or ultimate position.

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