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determining decision making
pitfalls of intuitive decision making
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Decisions in Paradise Business Scenario
The decision making technique to be applied for current situation in the country of Kava should be the ‘Six Thinking Hats’. Six thinking hats is a powerful technique that helps to look at important decisions from a number of different perspectives. It helps to make better decision by pushing one to move outside their habitual ways of thinking. It helps to understand the full complexity of the decision, and spot issues and opportunities to which one might otherwise be blind.
Many successful people think from a very rational, positive viewpoint. This is part of the reason that they are successful. Often, though, they may fail to look at a problem from an emotional, intuitive, creative or negative viewpoint. This can mean that they underestimate resistance to change, fail to make creative leaps, and do not make essential contingency plans.
If we look at a problem with the 'Six Thinking Hats' technique, then we will solve it using all approaches. Our decisions and plans will mix ambition, skill in execution, sensitivity, creativity and good contingency planning.
Each ‘Thinking Hat’ is a different style of thinking. These are explained below:
• White Hat: We know that the white hat enables us to look at the data available to us already, and we infer this data in order to develop a better solution. Applying this to the case, it is established that Kava is an insignificant country in the south pacific with huge potentials for trading in oil, coffee, cocoa, sugar, spices, etc. It is a diverse country with people of different religions and nationalities. Labor is relatively cheap although half of the population is under 15 years of age. The country is exposed to various natural disasters such ...
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My best solution would be to work inside out. Develop the country and encourage the existing businesses to be more social and at the same time, the business should try to expand their operations. Some of the solutions that can be identified through the above mentioned processes is that the country needs to be developed internally because of the lack of medical help, high risk of diseases. It is very important to address these issues first because it could hamper the quality of the products that Kava would export. Therefore, with the help of the government and other businesses, they would try to combat these entire first and at the same time start preparing the country for major developments, so that they would not oppose any of it; assuming that the terrorist are against all this, so by providing proper amenities to the laborers and their workers.
It has been noted from the text that our perception influences the thinking and decisions we make. It shows that choices differ because of the different understanding that individual have. In addition, our intuition is essential and at many times it provides us with guidance on how to make decisions. However, we can see that this intuition can be misleading at times and therefore the best thing is to evaluate the available evidence before making decisions. In my view decision making tends to have disciplinary across individuals. The best thing can be is to take time and individuals should not rush when it comes to making critical decisions. It is because of the outcomes that might be expected in the
An important question that must be asked is do we need to be completely rational always? Kahneman made clear how our System 1 can lead to bad decisions and poor planning. Yet it seems that our cognitive processes evolved in a way to protect us from aspects of reality. It is possible that our System 1 is protecting us from shattering anxiety and allows us to venture to new places. For example optimism bias allows us to take risks by shielding us from risk aversion. Kahneman’s work provides us with the valuable insight into our minds so that we can be aware of the faults and embrace its efficiency.
The concept of adversity brings with it a sense of formidability and opportunity for growth. But with every adversity comes change and change harbors a sense of fear. Fear of change is quite distinct from a fear of insects or nose picking toddlers. The individual trapped in this predicament of angst begins to foresee few outcomes that are favourable and more that are doomed and. Thus, the judgement of the individual making the life-altering decision is hindered. This fear is born when foresight no longer comforts, when a tomorrow is no longer certain.
I am what my parents and friends define me as a “sandbagger”. I go into tests saying, “I am going to fail. I should change my major. My world is ending.” Then, I would come out of my test saying similar phrases. More often than not I receive my scores back to find that I had successfully prepared myself for the exam, and that I can continue on panicking for the next world ending test. Grant covered this phenomenon, which I was not aware was a phenomenon, towards the end of his book. Grant calls it “The Power of Negative Thinking”. Essentially there are two major ways to prepare for handling challenges. One, strategic optimism, is where an individual anticipates the best. The second, defensive pessimism, is the opposite, where an individual excepts the worst. I am without a doubt a defensive pessimist. Grant goes on to explain, that although the pessimist is usually more anxious and less confident, they preform just as well if not better than the optimist. After reading this section I felt relieved that I was not just irrational, but there was a method to my madness so to say, even though it does drive my parents and friends crazy. Of all the interesting points made in this book, this is the one I was most excited about, because I connected with this argument on a personal
Every day, living creatures are making decisions. Whether the decisions are big or small, they have to be made. As the decisions are performed, there is a process that one goes through. Different types of thinking styles and thought processes are available. The way one feels, believes, attitudes, and relating ideas can play a big part in their thinking styles. Various methods of thinking and thinking styles are used. In this paper the subject is to discuss is three different types of thinking styles. The three different styles discussed will be creative, pessimistic, and optimistic thinking. Creative, pessimistic, and optimistic thinking are three different ways a person can critically analyze any situation. This paper will compare and contrast the three different styles and discuss how each affects the critical thinking process. It will also include critical thinking in the decision- making process by incorporating the discussion on workplace examples that entails the three different types of thinking styles examined. After reading this paper, one will have a full understanding of these thinking styles and the decision making process. Lastly how one may think and how that contributes to their decision process will also be evident.
This requires effective thinking, examination, individual and team thinking, seeing the situation in different perspectives, and then using every aspect combined to create a strategic plan. He explains it as purposeful thinking. Critical thinking enhances decision-making by providing an easy to follow guide that leads you to the best possible action (Brunt, 2005).
Do you understand the true power in your mind? Unconsciously we have an extraordinary capability to analyze problems, eliminate variables and choose the most appropriate solution to the circumstances in which we are. The potential found in the hidden corners of our unconscious, that is according to the author of the book Blink by Malcolm Gladwell. This author, has shown that snap judgments and first impressions we make on someone are as reasonable as if we had observed a long time, provided we have proven experience in evaluating these situations. We are able to master the ability to reach conclusions faster, able to make snap judgments based on accurate information, and decide to take action. Gladwell introduces the concept "thin-slicing", act with thin slices of experience. Also, this ability can be corrupted by the preferences, opinions, and often unaware stereotypes. Even the most complex situations, the author says, someone can read without delay if it can identify underlying patterns. Leveraging this knowledge, we can analyze the mistakes from the past, to build a better present, and develop new strategies to solve problems that can occur the future. Evaluate only the ability of the individual. Meanwhile, have the responsibility to act using the tools acquired. In conclusion, education and experience are the key ingredients of success.
Problem-solving approaches presented by Takahashi, Adler et al. and Ruffolo et al. have six similar steps. They all include steps of identifying the problem, analyzing the problem, coming up with some solutions, evaluating the solutions, implementing the solution in action, and evaluating the outcome of the solution. Three approaches all give a useful procedure to solve a problem in group.
De Bono's six thinking hats use this lateral thinking technique. All members of a group will focus on a single aspect of a problem at the same time, moving on to another aspect together once discussion of the current one is exhausted. For example the Black hat is for judgment, the Green hat for creativity and the White hat signifies information needed or already know. This system is widely used for business' mainly in meetings, but also used in classrooms as well. is best understood in contrast to traditional argument or adversarial thinking. By wearing each hat you can effectively scan the entire situation and separate your thinking modes and ultimately embrace a more holistic or global perspective and approach to your problem or challenge. This approach is simple but powerful.
Thinking critically and making decisions are important parts of today’s business environment. It is important to understand how the decision making process works and the steps involved. The nine steps of the decision making process are: identifying the problem, defining criteria, setting goals and objectives, evaluating the effect of the problem, identifying the causes of the problem, framing alternatives, evaluating impacts of the alternatives, making the decision, implementing the decision, and measuring the impacts. (Decision, 2007.) By using various methods and tools to assist in making important business decisions an individual can ensure the decisions they make will be as successful as possible. In this paper it will be examined how the decision making process can be followed using various tools and techniques to make successful business decisions by using these same tools and techniques during a thinking critically business scenario. The paper will also discuss how different tools and techniques could have been used to make different, yet still successful decisions.
From a practical point-of-view, of the most important human skills is decision-making. Both at a personal level and in context of organizations, decision-making skill strongly affects the quality of life and success. Decision-making is the process by which a person or group recognizes a choice, gathers information, analyzes the data, and determines the best option to choose. The decision-making process employs high levels of critical thinking skills and problem-solving techniques. Decisions are guided by several factors, primarily the significance of the issue, the impact the decision may have, and the person's or group's morals and cultural norms. For less significant decisions that have little impact, people might not invoke the higher thinking skills that theorists expect (Decision-Making 2015). Flipping a coin, hoping for a miraculous sign, following the crowd, or by passing the responsibility to someone else are all means of making decisions. For more important decisions with greater impact, people often employ more advanced thought processes like those demonstrated in decision-making models by social psychologists and behaviorists.
Critical thinking and decision-making are related in more ways than people think. This paper will define critical thinking and decision-making according to the book Whatever It Takes. It will also present a personal definition of critical thinking and decision-making from the author of this paper. The relationship between the two will be explained as well as the benefits of being a critical thinker. The author of this paper will also show how critical thinking is present in his organization and how he implements critical thinking techniques on a daily basis.
Decision Making Insights. I will be most successful when I have all the information necessary for decision-making, as my dominant cognitive styles are planning and knowing. This approach does not leave room for ambiguity and stifles flexibility and creativity. Consequently, I thrive in established organizations that value hierarchy, procedures, and open communication, because they assist my natural cognitive processes. (Pearson Education, 2016)
Decision making is one of the most important aspects in life and work because of its strong link to success and effectiveness. Actually, successful people achieve their goals in life and work through effective and efficient decision making. The decision making process is usually guided by an individual’s beliefs, values, and attitudes as well concepts. While a person can use various concepts in making decisions, they should be very careful to select a concept that is effective and contributes to huge success. Nonetheless, these concepts exist to help an individual become a better decision maker in the world around him/her.
The concept is typically used in business settings; however, applying the same concept in counseling supervision can help facilitate and balance diverse viewpoints and polarities. (Li, 2008). Six thinking hats' strategy helps in creative thinking in which one can unbundle thinking; in a way that one can pay full attention to each aspect in turn. Through using this strategy, one can separate the modes of thinking and then apply each mode to the same subject in order to end up with full color thinking on the subject. There is a suggestion that the chemical setting in the brain (neurotransmitter, etc) may be different when one is being positive from when one is being negative, and from one is being creative. If this