Critical Thinking and Managerial Decisions

Running head: CRITICAL THINKING AND MANAGERIAL DECISIONS 1
Critical Thinking and Managerial Decisions
Student Name
Institution

CRITICAL THINKING AND MANAGERIAL DECISIONS 2
Introduction
This essay will discuss some of the models and theories that I have learned from week 1
to week 9. The paper will explore the techniques that are used to solve problems, make decisions
and lead environments. The concepts of self-awareness, strategic planning leading and
organization concepts are examined so as to link certain basic principles in order to create a
thriving and healthy working environment. Specific human services details are considered and
certain service delivery method to populations that are need-based including the workers serving
in this capacity.
Self-awareness and leadership
Self-awareness is knowing whatever that you are good at acknowledging what you are
yet to learn in the process. It includes taking responsibility of your mistakes and also admitting
every time when you don’t have the answers. When you have self-honesty, you will admit when
the opposite is true (Model, 2013). Because whether or not you acknowledge the weaknesses that
you have, everybody sees them anyway. So, people trying to hide their flaws actually highlight
them, which create a perception of lack of self-awareness and integrity.
The Johari window model is one of the few tools that emphasis on “soft skills” like
empathy, behavior, co-operation, interpersonal development and intergroup development. Within
the Johari window model, there are two factors that work (Suthakaran, 2011). One is what you
know of yourself and two how other people know you. The diagnostic of self-awareness is Johari
window model great accompaniment as it helps in exploring the qualities that makes people who
they are.

CRITICAL THINKING AND MANAGERIAL DECISIONS 3
The uniqueness of self-awareness diagnostic is not only does it explore “soft skills” of
individuals and their preference style of working but also how the participants would like to
learn; their learning styles (Ckark, 2018). Also, on an interpersonal level, acknowledging your
strengths and flaws can earn you other people’s trust increasing your credibility later increasing
leadership effectiveness.
Without understanding our emotions, weaknesses and strengths better, maintaining a
sense of the way we are affecting others becomes difficult. This is true especially when in
leadership position; people trust their leader to be following an overall vision. In case they make
emotional decisions without the knowledge of those emotions, they might put the vision at risk
by taking every opportunity that comes their way.
Theory of Games and Economic behavior
John von Neumann and Oskar Morgenstern came up with a groundbreaking
mathematical theory of social and economic organization based on game theory strategy. This
revolutionized economics and also the entire field of scientific inquiry yielded by it (Susan,
2013). Economic theory is a complicated mechanism of production and prices and of the
spending and gaining incomes. It has been found that, in the course of this development, an
approach to the problem is gained by human behavior analysis constituting the economic
community (Model, 2013). Even though disagreements still exist, this approach’s significance
cannot be doubted. The problem has been traditionally stated assuming that the customer desire
is to get maximum satisfaction and for the entrepreneur is making profits. Also Game theory is a
theory of interaction attempting to explain people’s interaction with one another.