Critical Thinking - Essay Example

Only on StudentShare

Extract of sample
Critical Thinking

Critical thinking is effectively used in decision making process and helps to remove doubt. It involves having an objective to achieve and the tests of whether that objective is being achieved or not form the control criteria. Another definition is proposed by Halpern (1996): "Critical thinking is the use of those cognitive skills and strategies that increase the probability of a desirable outcomepurposeful, reasoned and goal directed - the kind of thinking involved in solving problems, formulating inferences, calculating likelihoods, and making decisions" (McGuiness, 2004).
In general, decisions involve the future and involve choice therefore they can be wrong. The point to consider is, who makes decisions in an organization, and what are the criteria in delegating some decisions to subordinates These questions can be answered by finding out those decisions where the chances of being wrong are high and the cost of correction is large: these can then be reserved for top management. Lower ranks would be allowed to decide where there was more certainty of being correct and the cost of correction is low. Many decisions are made by managers from a certain number of factors they have considered. ...
Download paper

Summary

The process of decision-making has an important impact on company's market performance. Decision-making criteria is a major aspect of decision-making, as it relates directly to the process through which those responsible for both the business case and the choice of supplier will proceed in order to formulate the correct measurements and assessments…
Author : tracy56

Related Essays

Critical Thinking College Essay
According to definition, critical thinking is the intellectual process of conceptualizing, analyzing and evaluating information gathered from observation, experience or communication (Mahwah, 1996, page 64, paragraph 4). In simple words, critical thinking is about involving the skilled judgment or observation of situation into decision-making process. Critical thinkers do not only make the decision based on what they think is the right choice, but they also evaluate the outcomes of their choice for positive and negative results. Critical thinking is about using knowledge and this ability...
4 pages (1004 words) Essay
Critical Thinking Essay/Nursing
Patients have access to medical advice and similar cases online and can be extremely curious and choosy about medicines prescribed. Hence, medical practitioners must be prepared for queries from patients or their relatives about a particular line of treatment and the medicines prescribed....
6 pages (1506 words) Essay
Critical Thinking and Language Essay
One would think that a dwelling filled with such items would be soft and silken, even to the soul. Instead, just a few moments inside the house will leave even the happiest person feeling blue....
4 pages (1004 words) Essay
Critical Thinking Bachelor Essay
In colored community, very less skill level people are there and job opportunities are more in the manufacturing sector, women and racial or ethnic minorities are less to posses the human capital and its characteristics are associated in its job opportunities. To get a job one has to be skilled in a particular area. Every company looks for an ideal candidate who should be an asset to the company and should not become a liability....
2 pages (502 words) Essay
Critical Thinking Essay: President Bush's Arguments for Invading Iraq and the Realist Theory of International Relations
Some of the countries have grown powerful in all respects while others remain poor and underdeveloped. Others are in the process of catching up with the powerful nations of the world. This complex scenario has been fundamental in the development of theories on international relations. Most of these theories focus on realistic actions and policies that are taken for the protection of a country and also for the wellbeing of its people. Diplomatic efforts and acts of aggression are the common steps that are taken by countries in the process of international relations....
5 pages (1255 words) Essay
Critical Thinking Essay: Retail world in 2020
The classic example of this is Apple Watch that was just recently launched. Apple Watch is not just a regular watch that tells time but could also send and receive calls via iPhone. It also has hundreds of apps (Stein) that could serve as a platform for retail when the technology is harnessed in the future. Thus time will come that wearable devices such as watches will not only tell time, receive and send messages but will also become a store where one can shop from fashionable clothing lines to high end items....
3 pages (753 words) Essay
Critical Thinking Essay
tor will have more connected consumers, increased trust and transparency, buying will be frictionless, a change in store experience, and will be more challenging to retailers....
4 pages (1004 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!