Critical Thinking and Decision Making in Business

Paper Summary:

This paper briefly discusses the way in which critical thinking and correct decision making can impact on businesses. The writer defines critical thinking and explains the thought processes involved when considering an issue, thinking it through and coming to a conclusion.

From the Paper:

"Almost everyone from educators, to civic leaders to business executives are talking about critical thinking and using critical thinking in order to gain desired results in their respective field. But what is critical thinking and how it is used? Critical thinking is no novel thought process; it refers to a kind of reflective thinking, it is a thinking process which is essentially used in problem solving. It is a thinking process which takes into consideration all the facts and all the point of views, hears it patiently and analyzes it step by step like questioning of the lawyer. The method is used especially for "dispute and problem solving, it listens to all sides and takes into consideration every angle of a problem, then deciding what is relevant and what is not and then rendering a thoughtful judgment". One of the significant factors of critical thinking is the ability to summarize the complex ideas clearly with fairness to all sides."

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