Critical Thinking and Managerial Decision-Making: Analysis and Results

This report analyzes the impact of critical thinking on managerial decision-making, examining the application of critical thinking skills and the implications for business practices. The research involves a post-test analysis, which is designed to assess the effectiveness of different instructional methods in improving critical thinking abilities. The study also explores the role of logical reasoning, self-explanation, and practical examples in enhancing decision-making processes. The findings highlight the importance of providing clear instructions, managing time constraints, and fostering a deeper understanding of business concepts. The report also discusses the limitations of the study, such as segmentation of the participants and the lack of practical examples. The report concludes with a discussion on the practical implications of the research, including how the findings can be used to improve critical thinking skills and decision-making processes in a business setting. The report also references relevant literature, including the work of Heijltjes et al. (2014) on the effects of instructions on reasoning skills.

Critical thinking and
managerial decision-
making

Topic based on the article
Instruction-
 provides the students with the capability to applying
their thinking skills
Improve in taking decisions
Exposing better performance in the post-test is
considered as an advanced stage from the instructions

Gap in literature
Lack of practical examples from business
workplace-disruptive thought process
Segmentation of the participants into various
categories destroyed the flow of critical
thinking
Time constraints

How was the research conducted?
Preparation
Instructions based on condition
Sudden examples from workplace
Post test conditions
Delayed post test

Anticipated findings
scale of 0.05-0.06
Random probability
no difference between the conditions
In post-delayed tests, the response test was 45%- control
factors, critical instructions for thinking skills and self-
explanation attempts
Logical regression process- investigating the number of
participants, who can complete the immediate post test.

Implications of the findings on
management practice
Grasping skills of the student
Coping up with the time constraints
Circumstances leading to logical reasoning
and thinking
Upgradation of the capacity of the students

Overall evaluation
Proposition and arguments- illuminate the
aspect of critical thinking and decision
making
Self explanation prompts- evaluating the
performance in class
Logical reasoning is both planned action and
reasoned behavior

References and bibliography
Heijltjes, A., Van Gog, T., Leppink, J., & Paas,
F. (2014). Improving critical thinking: Effects
of dispositions and instructions on economics
students' reasoning skills. Learning and
Instruction, 29, 31-42.