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Critical Thinking and Decision Making - Essay Example

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Critical Thinking and Decision Making

The initial stage is to perceive the problems associated with the company being in the state docket, low return is likely to be the major shortcoming. The main question in this stage is what to be done to reverse the situation. Human resource department, however, is the most critical since it deals with human, who have feelings and emotions among other traits. Formulating the problem may require special skills and understanding. A time a company may be compelled to hire or outsource skilled and experienced professionals to detect or ascertain some short comings. The basics behind problem detection are comparing the current situation with the company goals or target. Some economic yard sticks can be used to evaluate accompany and ascertain whether it is on a gaining or losing trend (Eric, 2003). Problems related to human resource can best be ascertained by involving every worker to give his/her opinion on the company’s management and operation. Workers from different departments and positions can be interviewed one at time, this is to ensure confidentiality. The second step is interpreting the problem. This requires some deep understanding of a particular company aspect. Scientific principles could be applied to analyze the problem, in other words, this steps transforms the problem understanding form layman’s perception to a more detailed one. It is in this stage that several professionals are consulted to give scientific causes and remedies of the problems. This step can also be accomplished by interviewing the top management team in a specific field or department, for instance, social counselors or therapists may engage dialogue by the top management team to analyze a specific social or management problem in the organization. The third step is arranging the problems in the order of their priority. The most important goal of any organization or business is to make profit. The state governor thought the company is not doing well, hence the option to privatize it. This might see the company make $250,000 annual profit. This helps to deal with the most critical problems then handle the rest while the company operates. It requires skilled and experienced professionals to determine which problems are more critical than the rest. Research indicates that this step require workers who have been in a certain organization for quite a long time. This is because they have good experience on Company’s operations, hence it is always important to retain two to five old workers in every department. This step requires deep understanding of a company’s goals and objectives. This stage may also compel the management team to review company’s records to ascertain how previous similar problems were dealt with. The fourth step involves using proven scientific methods to solve the problem in question. The State will apply proven economic principles in the transition/ privatization. According to the governor, the best alternative is to privatize the DMV. The principles have to consider the current workers; hence the governor promised that they will be employed in other companies but same department and position. Furthermore, the state will continue to provide the company with software, hardware and other professionals. Some proven yard sticks or models could be used to pick the best alternative (Shapira, 2002). For instance, economic alternatives could be vetted using present and future value yard ...Show more

Summary

Steps to decision making in a company Name Institution Critical thinking and decision making are some of the factors determining success in any company or work place. The managing team is always faced with more than one alternative to choose from. The best decisions arise when all the alternatives are critically analyzed and the best considered…
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Critical Thinking and Decision Making essay example
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