Business Decisions and Critical Thinking Paper

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Business Finance

Description

In a 10-15 page APA paper, write a review and analysis of the topics mentioned below. The 10-15 page count is for the body of your paper. It does not include the required APA title page, reference pages, or appendices. no quotes are allowed. Paraphrase your sources citing the APA way. Scholarly sources/journals only. Minimum of 6 sources.


  • Critical Thinking
  • Defining and Analyzing Problems
  • Distinguishing between symptoms and problems
  • Thinking through the problem
  • Defining objectives
  • Considering alternatives, consequences, and tradeoffs
  • Dealing with the unknown
  • Making and assessing the decision
  • Thinking traps
  • Heuristics
  • Decision Making Models and critical thinking
  • Using technology to enhance decision making/technology decision support systems
  • Identifying moral issues
  • Considering all stakeholders
  • Balancing right action, consequences, and character
  • Who you are in a group
  • Group norms and roles
  • Different levels of management and types of decisions made (structured, non-structured)
  • Responsibilities to the group in group life
  • Group influence on individual thinking
  • Group Decision Support Systems (GDSS)
  • Group synergy
  • Handling conflict
  • Virtual groups
  • Self-Awareness in Decision Making
  • Empathy for Others involved in Decision Making Process
  • Evaluating Decisions
  • Reflective vs. non-reflective thinking

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Explanation & Answer

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Running Head: BUSINESS DECISIONS AND CRITICAL THINKING

Business Decisions and Critical Thinking

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BUSINESS DECISIONS AND CRITICAL THINKING

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Abstract
This paper will explore ten published articles that will explain the review and the analysis of
various terms in business decisions and critical thinking. Critical thinking, definition, and
analysis of problems, distinguishing between problems and symptoms, thinking through the
problem, definition of objectives, consideration of alternatives, consequences, and tradeoffs,
dealing with the unknown, making and assessing the decision, thinking traps, heuristics,
decision making models and critical thinking, using of technology to enhance decision making,
identifying moral issues, consideration of all the stakeholders, balancing right action,
consequences and character, definition of who you are in a group, group norms and roles,
different levels of management and types of decisions made, responsibilities of the group in the
group life, group influence on individual thinking, group decision support systems, group
synergy, handling of conflict, virtual groups, self-awareness in decision making, empathy for
others involved in the decision making process, reflective verses non reflective thinking, and
finally evaluation of decisions will be the terms that the paper will be interested in analyzing and
reviewing.
Critical Thinking
Critical thinking is the practice of procedurally collecting, analyzing and evaluation of
data. It is one of the most important parts in the process of solving problems and making of the
decisions, as it is the way of perfectly through options that will form the final choice. Critical
thinking is also necessary for the optimization of business models, the ability to communicate
with the clienteles (Desai, Berger & Higgs, 2016). With good critical thinking in the business,
better business solutions will be achieved since all the facts are objectively discussed. Most

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business do not actually utilize critical thinking in decision making claiming to be busy with
work but it is of great import when it comes to the need for better decision making.
Defining and Analyzing Problems
Many businesses are frequently faced with problems which they to define, analyze and
solve them in a better way. In problem analysis, it requires that first the problem is identified.
The root cause of the problem should be known, the analysis of the impact of the problem to the
stakeholders, the impact of the issues, and the effects of a successful solution should include.
Fishbone diagram is the best way to identify a problem with many root causes and classify the
root causes (Ashley, Schaap, de Bruijn, 2016). This is the end product of problems analysis and
can be used to make suggestions to fix the various features of the problem. Solving the problems
may include mathematical or planned operations and can be a measure of the person’s critical
thinking skills.
Distinguishing Between Problems and Symptoms
A symptom is something that happens as a result of a problem emerging. The problem is
a situation that is unwelcoming to issues in the business and needs to be dealt with. Although the
fishbone diagram can identify the root cause of a problem and develop ways to solve it is
important to make sure the real problem (Head & Alford, 2015). No matter how good somebody
is in solving problems if he or she can differentiate between problems and symptoms he or she
might spend so many time-solving symptoms instead of a problem.
Thinking Through the Problem
Thinking through the problem in the process of decision making will help to solve the
issue. It can be done by identifying first the issue, comprehend people’s interests about the issue,

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list the possible solutions that can be made, analyze the options, select an option or options,
document the agreements on the issue and finally agree on contingencies, monitoring, and
evalu...


Anonymous
Really useful study material!

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