Critical Thinking and Managerial Decision Making Reflective

Question: Discuss about theCritical Thinking and Managerial Decision Makingfor Reflective. Answer: Introduction I consider myself to be extremely lucky and fortunate enough to be able to study and complete my course on Critical thinking and Decision making. This course has really changed the course of my life and drastically altered my perception towards the diverse aspects which are associated with critical thinking and decision making which takes place within the different business establishments around the globe. I have realized the importance of critical thinking and how it enables the management of an organisation to undertake effective decisions towards the right direction of organisational success. My course has really played a very important role in enhancing the boundaries of my knowledge regarding the aspect of critical thinking and its applications within the contemporary business establishments. During the initial stages of my course, I was not much familiar with the aspect of critical thinking that takes place within a managerial setting. Before developing this study I was less aware of the significant aspects of critical thinking that it could be helpful for a business organisation to take appropriate decisions. After enrolling myself with this course, I came to understand and realised the importance of critical thinking and how it plays such an important role in ensuring the overall effectiveness of the business decisions which are undertaken within an organisation. The aspect of critical thinking essentially involves knowledge, comprehension, analysis and implementation and all these four elements play a vital role in determining the overall outcomes of the decisions which have been undertaken by the top level management within an organisation (Alvesson Willmott, 2012). In course of time, I came to understand that critical thinking is a very important quality which is inherent in good business leaders. The critical thinking enables the business leaders to monitor the performance of their organisation in the market. It enables the business leaders to analyse the changes that are taking place in their external environment and how those environmental factors could have influence on the overall performance of the organisation. Hence, critical thinking enables the decision making authorities in business organisations to select the appropriate activities and strategic approaches which enable the business establishments to adapt to the market changes. This enables the business establishments to incorporate the necessary changes in their business strategies and this helps an organisation for gaining better competitive advanatghe from other competitors to ensure better market sustainability (Gregory et al. 2012). After completing this study, my concept regarding critical thinking and its application at the workplace has undergone a complete transformation. I have gathered enough knowledge regarding the manner in which the process of decision making takes place across various establishments. Critical thinking is considered to be the ability to think clearly and rationally, which enables a business leader to clearly understanding the logical connection between the different ideas that they have in their minds and how those ideas could be applied within their business setting to gain better competitive advantage from other competitor businesses. I have understood that critical thinking enables an individual to constantly look out for new techniques and alternatives through which a task/job can be undertaken in a more effective manner and thus it enables an individual to purse excellence at the workplace (Salas et al. 2009). In the duration of my course, I came to realise that critical thinking and managerial decision making are interrelated to each other and each compliments the other. In the absence of any one of them, the efficiency and quality of the other aspect is bound to be affected. The critical thinking also plays a vital role in enabling the business leaders to impart the necessary motivation and inspiration among their employees and this helps a business establishment to enhance the commitment and dedication levels among the employees by ensuring job satisfaction for their staffs. Hence, critical thinking is also a factor for business organisations to gain better loyalty from the staffs so that the valuable human resources could be retained for longer tenure (Goetsch Davis, 2014). The overall accuracy of the management decisions is depending to a large extent on the ability of the managers to undertake critical thinking. It is effectively helpful for the business organisations to identify the negative market and business factors which are affecting the overall organisational performance adversely. It also helps business organisations and their management authorities to implement proper strategic approaches so that the negative factors affecting the business performance could be eliminated or managed. The study also enhanced my knowledge about the usefulness of critical thinking in business organisations for realising the exact consumer needs and expectations so that quality products and services could be provided to them according and better consumer satisfaction and loyalty could also be achieved. Critical thinking enables business organisations and concerned management authorities to analyse the consumer buying behaviour and their changing expectations so th at their positive buying behaviour towards the consumer offerings could be retained through meeting their expectations in products and service developments (Alvesson Willmott, 2012). In the course of my study I have realised that critical thinking enables the mangers to think more deeply which enables them to find out effective solutions to various problems that are being faced by an organisation. Critical thinking is also a significant approach for business organisations to enhance the employee engagement towards strategic decision making as operation level staffs are the best stakeholders for realising the operational issues. Subsequently it also enhances the efficiency of business organisations to make the best use of the innovativeness of every experienced and skilled staff (Briner et al. 2009). Thus, I can really conclude that I have gathered a lot of knowledge from this course and it has really enriched me as a person. I sincerely hope that all the knowledge that I have gained from this course would play a vital role in my future career ahead and enable me to succeed within the corporate environment. Reference Alvesson, M., Willmott, H. (2012). Making sense of management: A critical introduction. Sage. Briner, R. B., Denyer, D., Rousseau, D. M. (2009). Evidence-based management: concept cleanup time?.The Academy of Management Perspectives,23(4), 19-32. Salas, E., Rosen, M. A., DiazGranados, D. (2009). Expertise-based intuition and decision making in organizations.Journal of Management. Gregory, R., Failing, L., Harstone, M., Long, G., McDaniels, T., Ohlson, D. (2012).Structured decision making: a practical guide to environmental management choices. John Wiley Sons. Goetsch, D. L., Davis, S. B. (2014).Quality management for organizational excellence. pearson.