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CES Critical Thinking and problem solving Exam Guide

   

Added on  2020-02-24

6 Pages1329 Words150 Views
Running head: CRITICAL THINKING AND PROBLEM SOLVINGCritical Thinking and Problem SolvingName of the student:Name of the University:Author Note:

1CRITICAL THINKING AND PROBLEM SOLVINGFirst exam questions1. A manager should not ever involve his/her emotions while taking managerial decisions.This is because, emotions such as positive or negative emotions might affect the decision makingprocess adversely. If the manager is affected with negative emotions such as anger or sadness,then the managerial decisions are affected negatively and the manager ends up taking a decisionthat is not the most appropriate one (Ford and Richardson 2013). However, being overwhelmedby positive emotions such as happiness will also result in taking up of decisions that are notappropriate. The managerial decisions that are affected by the emotions lack rationality and tendto be biased. Moreover, as a manager, it is important to handle the emotions effectively, such thatdecision making could be done effetely (Ford and Richardson 2013). Moreover, the managerialdecisions have to be directed for the achievement of long-term goals. Hence, it is important thatthe achievement of the long-term goals is also given importance, while decision making processtakes place (Pettigrew 2014). Ideally, emotions and emotional biasness should be kept away,while managerial decision-making process takes place. Critical thinking is the key to effectivemanagerial decision making. Hence, the managers need to indulge in critical thinking, whiletaking managerial decisions. The premise: Being affected by emotions will result in loss of rationalization in the decisionsbeing taken (Pettigrew 2014). Thus, it is concluded that the managerial decisions should not be influenced by emotions.Sinceemotions hinder decision-making, hence the conclusion supports the premises. 2.

2CRITICAL THINKING AND PROBLEM SOLVINGDecision-making is a critical process that has to be taken up by the managers effectively,such that the decisions taken are the best chosen for the business organization (Pettigrew 2014).While taking managerial decisions, the manager is responsible for the company’s shareholders aswell as the external and internal stakeholders (Ford and Richardson 2013). This is because, amanagerial decision affects not only the shareholders but also affects the stakeholders. Hence, its important, that the managers take care of the decisions taken by them. The positive as well asthe negative effects on the stakeholders are to be evaluated, before taking a managerial decision.Thus, critical thinking has to be practiced (Pettigrew 2014). Logic and arguments have to be usedwhile managerial decisions are taken. The shareholders are affected by the managerial decision-making. The premises: Moreover, the stakeholders such as the customers, contractors and suppliers arealso affected negatively or positively by the decisions taken by the managers (Pettigrew 2014).The suppliers and contractors might refrain from supplying the goods to the businessorganization, with adverse decisions taken by the managers. Moreover, loss of loyal customersmight also be caused, due to the adverse managerial decisions. Thus, it is concluded that the shareholders, along with the stakeholders are affected by themanagerial decisions that are taken. Since the shareholders and the stakeholders are affected by decision-making, hence theconclusion supports the premises. Second exam questions 1.

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