Mgt 350 Critical Thinking And Decision Making: Decision Making Model

1439 words - 6 pages

Decision-Making ModelUniversity of PhoenixMGT 350: Critical Thinking: Strategies in Decision MakingJuly 22, 2004Decision-Making ModelAfter doing some research on the Internet and reading some articles, I found the Josephson Institute of Ethics Seven-Step Path to Better Decisions. This model, found in the book Making Ethical Decisions, by Michael Josephson, closely resembles the process I utilize on a daily basis. I work for a professional hockey team called the New Mexico Scorpions. There are 15 employees on staff and my current position is the Director of Business Development. My primary roles are to manage the ticketing department, personally bring on new season ticket clients, as well as form corporate partnerships. Critical thinking and the decision-making process are extremely important to my job responsibilities as the decisions I make everyday directly effect the Scorpions organization.First, the term critical thinking is defined by Bassham et al (2002) as "the general term given to a wide range of cognitive skills and intellectual dispositions needed to effectively identify, analyze, and evaluate arguments and truth claims, to discover and overcome personal prejudices and biases, to formulate and present convincing reasons in support of conclusions, and to make reasonable, intelligent decisions about what to believe and what to do." (p.1). One of my responsibilities with the Scorpions is to form corporate partnerships with local and national organizations. Critical thinking and decision-making play an important role on a daily basis, even though I quite often don't realize that I am using such skills. This Decision-Making Model uses seven steps which guide us toward making ethical decisions.1. Stop and ThinkWhile researching for this paper, I found that many decision-making models tell you to clarify, and appraise your thoughts before beginning the decision-making process. On numerous occasions I need to use critical thinking before making a decision because the entire organization could be effected. It is not very professional to use personal preferences or prejudices while making decisions in the workplace. In Making Ethical Decisions, Josephson writes, "One of the most important steps to better decisions is the oldest advice in the world: think ahead. To do so it's necessary to first stop the momentum of events long enough to permit calm analysis. This may require discipline, but it is a powerful tonic against poor choices." (p. 1). Before I contact a prospect sponsor, simply taking a few minutes to think things over and gather my thoughts helps to clear my mind so that I can make a decision that is best for the Scorpions.2. Clarify GoalsThe next step in Josephson's decision-making model is to clarify your goals. While looking for new clients, I want to make sure my short-term goal doesn't take precedence over my long term goals. It would be easy to throw huge numbers and make all kind of promises to get the client on board but when...

Find Another Essay On MGT 350 Critical Thinking and Decision Making: Decision Making Model

Understanding the Decision-Making Model MGT 350

974 words - 4 pages Making good decisions is a critical aspect of every day life. Almost every thing we do involves making a decision. To improve the quality of decisions we make, one must utilize a sequence of steps often called a decision-making model. A decision-making model is a step-by-step guide to help an individual make the best possible decision.A decision-making model taken from The Team Handbook (2002) puts five major steps into play. The steps in the...

An Analysis of Bateman and Snell Decision-Making Model: MGT 350 Decision Making Model Analysis paper

909 words - 4 pages An Analysis of Bateman and Snell Decision-Making Model [O.K. to let word processor automatically wrap.} The purpose of this paper is to analyze a decision-making model. During the course of this paper, I will analyze Bateman and Snell's decision-making model while explaining how each step relates to a recent decision my family had to make regarding a second vehicle. Throughout this paper an analysis of Bateman and Snell,'s six-step...

Fallacy Summary and Application MGT 350 - Critical Thinking: Strategies in Decision-Making July 16, 2005

1358 words - 5 pages Fallacy Summary and Application Paper Fallacy: defined by Merriam-Webster as "deceptive appearance" or "false or mistaken idea". Fallacies are everywhere in the media, workplace, and even the home. Fallacies contain relevance, premises, arguments, and factual errors. In business today, it is important to be able to identify fallacies or organizational profitability could be adversely affected. This paper will define three fallacies,...

Critical Thinking and Decision Making

607 words - 2 pages Critical thinking is the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by, observation, experience, reflection, reasoning, or communication, as a guide to belief and action. In its exemplary form, it is based on universal intellectual values that transcend subject matter divisions: clarity, accuracy, precision,...

Critical Thinking and Decision Making

789 words - 3 pages Critical Thinking PAGE \* MERGEFORMAT 5 Critical Thinking and Decision MakingMark ChilsonUniversity of PhoenixCritical Thinking and Decision MakingThere are several definitions about critical thinking. Essentially, critical thinking is asking reflective questions and answering using analysis skills. Critical thinking involves the use of reasoning and analyzing information with an open mind in order to form an observation or informal conclusion....

Critical Thinking and Decision Making

762 words - 3 pages AbstractIs there a relationship between critical thinking and decision making? In order to answer that question they both must be defined. Arons (1985) defines critical thinking as: "asking questions. (How do we know? What is the evidence?), being aware of gaps in knowledge, distinguishing between fact and conjecture, distinguishing between an idea and the name of that idea and providing definitions, looking for (hidden) assumptions, performing...

Critical Thinking and Decision Making

589 words - 2 pages Critical Thinking and Decision Making In the corporate environment critical decisions must be made, sometimes quickly, whether because of changes in market conditions, corporate profits, or corporate performances. The decision-making process is vital to good management in today’s work environment. This paper will examine the relationship between critical thinking and the decision making process, explain what the textbook authors believe, and...

Critical thinking and decision making

1259 words - 5 pages Running head: CRITICAL THINKING/DECISION MAKINGCritical Thinking: Decision MakingHylton KellyUniversity of PhoenixMGT/350Critical Thinking: Strategies in Decision MakingMGISC29Felicia RoquemoreFebruary 5, 2003Summary and CritiqueCritical thinking when defined has many components, and can never be universal; and without exception cannot be conclusively narrowed down to any single particulars. One of the many emphasis placed on critical thinking is...

Critical Thinking and Decision Making - 1234 words

1234 words - 5 pages What is Critical Thinking?Wade (1995) identifies eight characteristics of critical thinking. Critical thinking involves asking questions, defining a problem, examining evidence, analyzing assumptions and biases, avoiding emotional reasoning, avoiding oversimplification, considering other interpretations, and tolerating ambiguity.. Dealing with ambiguity is also seen by Strohm & Baukus (1995) as an essential part of critical thinking,...

Critical Thinking and Decision Making - 1564 words

1564 words - 6 pages forCritical Thinking and Computer Logic 330Prepare a 2-4 page paper examining the relationship between critical thinking and decision making which answers the following questions.1. What is critical thinking?2. What is decision making?3. What are the benefits of being a critical thinker?4. How do you see these processes present or absent in your work?Critical Thinking and Decision MakingAmy L. MooreCritical Thinking and Computer Logic 330Mr....

Critical thinking and Decision making

573 words - 2 pages Running head: CRITICAL THINKING AND DECISION MAKINGCritical Thinking and Decision MakingGretchen SchoserCIS 330Stuart GoldUniversity of PhoenixOctober 13, 2003Critical Thinking and Decision MakingHow will this acquisition affect me? What can I do to get a better understanding of the acquisition? How will this affect me in my day to day life? The memo did not say how many people were going to lose their jobs? These are common questions you would...

Similar Essays

Decision Making Model Mgt 350 Critical Thinking: Strategies In Decision Making Professor Jacqueline Wicks March 28, 2005

1012 words - 4 pages Decision Making ModelWe constantly have to solve problems everyday of our life. We have to make decisions about a variety of things. For example, what are you going to wear to work today? How are you going to get to work? Should I cross the street? How do I close the deal with the client? Some of the decisions seem smaller than others. You go through a process for your decisions.Since I started my educational career at the University of Phoenix,...

Mgt 350 Critical Thinking: Strategies In Decision Making

896 words - 4 pages Critical thinking and decision-making are closely related and nearly go hand-in-hand. Although it may not be evident that these two processes are used on a daily basis, they clearly are. Whether you realize, or not, that you exercise these two processes, for example professionally or socially, at some point during every day, you contemplate your thoughts, you observe others and their actions, and rule on many subject matters. Many do this...

Critical Thinking Decision Making Model Essay

922 words - 4 pages Critical thinking is the ability to be fair and open - minded while thinking carefully about what to do or what to believe. Critical thinking will allow one to assess the reasons for and against doing something and make a decision on the basis of a fair assessment, not on the basis of emotions. Decision - making involves identifying a symptom as a problem. A symptom is a sign or indication of something that appears to be the problem. This paper...

Decision Making Model Analysis Paper Mgt 350

1240 words - 5 pages Ethical Decision-Making ModelIn the individual assignment for workshop one, the students are required to describe a decision-making model and identify the steps of their chosen model. The students are then asked to relate the decision-making model to a job-related decision they have recently made. They must also describe how critical thinking impacted the decision. The model chosen for this paper is ethical decision-making.According to Ethic's...