Assessment Report: System Thinking, Fintech, and Decision Making

This report provides an analysis of four blogs, focusing on system thinking, executive decision-making, and fintech. The first section defines system thinking as a holistic approach to understanding interconnected elements within systems, emphasizing its importance in digital transformation and organizational learning. The second blog post examines executive decision-making, highlighting the challenges and factors involved, such as trust, communication, and risk assessment. The third and fourth sections provide critiques of papers discussing system thinking and fintech, respectively. The critique on system thinking emphasizes its role in solving complex engineering challenges through a whole-system perspective. The critique on fintech discusses the impact of financial technology, its benefits, and its role in transforming financial services, including its impact on customer relationships and access to microfinance. The report analyzes the core concepts, applications, and implications of each topic, providing a comprehensive overview of the subjects. Desklib offers similar resources, including past papers and solved assignments to assist students in their studies.

Assessment

The contents of 4 blogs:
A blog also known as web blog refers to a discussion or is an informational website published
on the World Wide Web which consist of discrete as well as often considered as an informal
diary. In this, posts are usually showcased in reverse chronological order where the most recent
blog appears first and so on. Below mentioned are four main topics on which a blog need to be
written down in order to develop knowledge and understanding about the topic. This will help
readers in order to gain in depth knowledge and understanding about the topic which assist them
in their personal as well as professional life. These topics includes some sort of basic information
which is gathered from different sources.
System Thinking: Systems thinking refers to an holistic approach used to examine on the
methods which a system's constituent elements interrelate as well as how systems work over time
along with the reference of larger systems. System thinking is basically approach that is related
with the belief of different component parts that can be applied to various situations of business
organizations especially in case of it and the role of information technology that is playing in the
changing scenario of globalization the use of system thinking is changing very fast and its
application is increasing for all major business organization. It apps in a completely different
manner when it is related with its functioning and isolation from all other systems. Thinking is
based on three different criteria that is interrelationship different boundaries and the prospective.
System thinking is having inclination towards the process of organizational learning and it is
basically applied in situations of complex business scenarios. System thinking is a tool that is
applied for the purpose of digital transformation by many business organizations. With the
changing times or role of digital media has increased and there is use of social media
applications for the purpose of promotion by all the brands in a more creative manner. This tool
is very helpful in enhancing the way organizations are using the available resources and
optimizing the limited resources that are applied for the purpose of achieving business objectives
that is mostly the purpose of maximization of overall business revenues. Mechanism of paradigm
can be applied for the purpose of converting it into system paradigm that is related with

development of new beliefs and values.
System thinking is very helpful in converting the new actions of organization as a part of
their process that can help in creation of a complete discipline understanding. Software
engineering approach is also a part of system thinking that is helping organizations in the process
of Recreation of different Information Technology tools in their business objectives. It is helping
in bringing the overall process of flexibility and a spectrum of digital dynamics. It has been
identified that system thinking refers to the ability to think as a whole system rather then
focusing on a particular task or individual. It is very essential for the engineers to adopt system
thinking as it provides them ample number of ways through which they can they can easily
develop positive and favorable outcomes as per the requirements. This provides assistance if
using while adopting new and innovative technologies as it creates various methods through
which positive outcomes will be produced.
Executive decision making: Decision making or critical thinking are the basis for taking
decision and solving problems. It has been said that critical thinking refers to the practice where
large number of information are being gathered, examine as well as evaluate in a systematic and
accurate manner. It has been said that making executive decision need to take tough and complex
choices so that the decision taken will produce favorable outcomes. Critical thinking this is a
process for thinking clearly through several options and arriving at the best choice. Creating
executive decisions needs some tough choices. These decisions can be lay people or individual
off, take the organization at international level with some risk, halt major projects, take some
business risk as well as professional risk. All these decisions need to be take by the person by
examining both positive and negative elements and within stipulated time frame so that the
decision will produce positive outcomes. There are some common issues or challenges arise
while taking high profile decisions in order to produce some possible outcomes. These issues can
be trust, cultural differences, type and quality of information, accountability and so on. In
addition to this, there are some factors which needs to be emphasize while decision making
process take places.
 Explore ways for communicating in more effective and efficient manner.
 Review all the decision-making styles in order to find out best one.
 Examine the right time for declaring success.

 Recall how knowledge of inherent biases can assist in getting the right data.
 Review all the methods for building trust.
 Explore how to develop the right call while examining all the risks.
It has also been identified that there are both positive as well as negative side of a topic
which needs to be considered before taking any kind of critical or crucial decisions so that there
might be limited or low chances of getting failure. Therefore, it becomes necessary to gather
sufficient information and data on the topic so that positive and favorable outcome will be
produced after examining each and every perspective in a detail manner.
Critique on what a paper say: (System Thinking)
According to the article on the topic system thinking it has been identified that system
thinking define as the capability to think about the whole system apart from focusing on some
specific task and parts individually. It is the kind of approach which perceives the whole world
as one complex or difficult system as well as supports the knowledge of its interrelationship and
interconnectedness. As per the view point of Peter Senge, system thinking refers to a thinking
which works as a discipline for seeing wholes. Along with this, it has also been said that it is a
kind of framework which assist in seeing interrelationship apart from things. In addition to this,
it has also been said that system thinking is an approach which perceives the whole world as a
complex system as well as support the in-depth knowledge. As per the opinion of author given in
this article, it has been said that in today’s world where there is high level of competition,
engineers present with complex challenges and issues which requires holistic approaches. For
this, system thinking is one of the best and most suitable approach as it provides ample number
of ways in order to think about the problems as well as about its solution by adopting whole
system perspective. In simple terms system thinking is an approach used to adopt various ways
through which effective solutions will be developed by focusing on system as a whole approach.
In this article it has also been identified that a system thinker would create good interpersonal
skills with the help of relying on their communication as well as listening skills.
Apart from this, it is very essential for the system thinker to think out of the box while
developing models so they can produce best results which satisfy and fulfil all the requirements
of people and whole system. Also it becomes essential to understand how teams interact as
whole will assist in further knowledge related to the projects.

Critique on what a paper say:
The term Fintech which is also known as Financial Technology define as the software as
well as a modern technology which is mainly used by business organizations who provide
improved or automated financial services to the companies so that they can maintain their growth
and sustainability at the marketplace in an effective manner and for longer period of time. It has
also been said that fast, new as well as innovative progresses like mobile payment highly modify
the manner in which people manage their finance. There are some high tech savvy clients who
expect, money transfer, lending of funds, loan management as well as investment in an effortless
manner and which is mainly secure safe and fast so that they can save their time. For this, there
are some well established banks who provides such online or digital services to their customers
which is more efficient, easy, convenient as well as easy of access.
It has been identified that financial technology or fintech is the whole new technology used
by large number of organizations deal in financial sector. This is the newest sector which is
rapidly growing at the marketplace as people are using highly advanced technology in order to
manage their finance in an effective manner. As per the article published on internet it has been
said that implementation of Fintech solution categories into two main parts which are solutions
provided to the operations of financial services provider whereas other one is to solution
dedicated to the interaction of financial services provider with their customers. Apart from this, it
has also been identified that there are some other financial sectors such as security exchange,
which is highly regulated and operated where implementation of Fintech is mandatory. Along
with this, it has also been identified that it is certain that this is the sector which will become one
of the most essential part of finance.
There are large number of people who are highly technology addicted and there work can
only be done by using such techniques requires such modern technologies so that they can easily
share or transfer the funds from one place to another which is easiest and more convenient to
both the parties. Financial technology is used by those clients who work in some finance
business entity or deals in some sort of finance. Therefore, it has identified that financial
technology has both positive and negative impact which highly affects their overall business
activities and functions. Apart from developing all the banking functions more accessible as well
as rapid it has been said that technological innovations affect reach is quite high as well as

diverse. In addition to this, it has also been said that Fintech improves the relationship in a direct
manner with their customers with the help of the launch of Crowdfunding Platforms. This is one
of the biggest advantage where both clients and service provider gain favorable outcomes. It has
also been said that it mainly allows various small business organization, entrepreneurs, charities
trust as well as artists in order to receive support without increasing funds or money from any
sort of conventional investors. This is one of the most effective method where a trust and
positive relationship will be build between both the parties which increases the quality of work
and gain positive results at the competitive environment.
Apart from this, Social change is the another chief promise which ample number of Fintech
organization, especially in the international south, has been aiming to reach by consider into the
account of both demographic as well as social needs of people in an effective and appropriate
manner. Along with this, individual or people in the developing countries are now easily granted
access to such microfinance along with digital lending platforms. Furthermore it has been
identified that regions in India, Africa and Asia areas with ample numbers of individuals who are
disappointed by the traditional banks, are enabled to consume payment services in a digital and
online manner.