The Value of Critical Thinking

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Business Finance

criitcal thinking

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Answer questions

at least a paragraph

  • First - Give your opinion on whether being an effective critical thinker makes decision making easier or more challenging. Talk about concrete decisions you had to or will have to make. Justify your response.
  • Second - Consider the following statement: “The major difference between a successful person and one that is not successful is that the successful person, over time, tends to make better decisions than the less successful person.” Discuss whether or not you believe this statement to be true. Explain the fundamental ways in which effectively applying critical thinking concepts has helped you to become more successful.

respond to stacie

Stacie Lee

RE: Week 10 Discussion

Critical thinking is an extremely helpful tool when it comes to working through the problem-solving process. In most cases, when making an important life choice, you have plenty of time to think about it and give it a full evaluation. However, sometimes you are required to make decisions on the fly. In these cases, I feel that thinking critically can be a great challenge. Trying to go step by step through you know you have a deadline to make an important decision is somewhat stressful. Decision making can also be much more challenging because in some situations you may over think the possible conclusions and this may hinder your final decision on the argument.

Considering that the major difference between a successful person and one that is not successful is that the successful person, over time, tends to make better decisions than the less successful person, I feel that this is true. Successful people tend to make better decisions; that is why they are prosperous in the first place. They seem to have a good strategy in making their decisions that have overseen their success through the realization of opportunities. Successful people can predict the outcome of a decision. They decide with firm understanding of the issue. They do not apply decision-making based on how they feel; instead, they make the decision depending on whether it will lead them to realizing the desired outcome. In addition, they make their decision quickly and change their mind slowly so that an opportunity does not pass them and that leads them to being more successful. Always successful people are experts in making and implementing a decision on a regular basis. A real application of critical thinking is in academic work. One is expected to learn new information in different subjects and reflecting critically on what is learned. Critical thinking can be useful to the analysis of an argument and validity of the information given.

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Explanation & Answer

Attached.

Running Head: CRITICAL THINKING

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Critical Thinking
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CRITICAL THINKING

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Part 1
Effective decision making is the end result of critical thinking. When faced with a
problem, a critical thinker begins evaluating information and analyzes factual information before
reaching a logical conclusion. Critical thinking allows people to think in a structured way which
makes it easier to assess and evaluate complex situations. Throug...

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