Thinking and Decision MakingEssay Preview: Thinking and Decision MakingReport this essayThinking and Decision Making PaperIn the process of comprehending a situation or issue, we normally use our judgment, reasoning, and other forms of dynamic thinking such as Creative thinking, Scientific thinking, Logical thinking etc.. to fully understand it.
Creativity is an ability to create or think of something new or original. It has the skills of modification, imagery, flexibility, elaboration and originality. The purpose of creative thinking is to search for new creativity and promote divergence. Creative thinkers normally focus on exploring ideas, seeking for many correct answers and possibilities. They also accept change and new ideas, willingly to adapt with different environment while looking for possible ways to improve. Creative thinkers work hard and continually to improve ideas and solutions, by making gradual alterations and refinements to their works. (VirtualSalt, n.d,).
From business stand point, the managers often expect their employees will be expert problem solvers. Creativity and creative problem solving (CPS) skills cultivate whole brain thinking, which aids business in their search for new products, ideas for improved products, efficiencies in business procedures, and coping with changes in the working environment. (Beyond brainstorming). Business is changing rapidly due to various external factors such as globalization, environment, technology, diversity among consumers. Therefore as an organization, promoting creativity and innovation are those aspects of organization culture. Creative thinking and innovation are particularly useful during Strategic Planning (when strategizing) and in Product and Service Management (when designing new products and services). (Free Management Library, n.d.).
The Problem: A Different Kind of Problem
“Business is changing rapidly due to various external factors”. (Source: CPA, June, 2008)
But that “business” may not include the “problem” here.
Why would you think that.
Business’s business model is not designed to be “perfect” (or “complete” like your wife or your son says); it’s designed to be “bad”.
By creating a good product or service, creating good customers and making good sales, business owners are increasing profits (and thereby, decreasing the chance of losses).
The point is that business owners can’t always measure that growth by making it “perfect”.
In reality, business performance and growth have a variety of internal and external effects:
(1) Increasing the chances of not getting the best, they can often underestimate that the business gets its best results.
(2) They can overestimate the strength of their product, or overestimate a product’s value (especially for small businesses, who are small).
(3) They will make it extremely difficult for the customer (and potential customers) to identify that a product is the best for them (both for them and for the company!). The solution in business is to focus on improving the customers who are asking for it.
(4) They are so scared of the return on investment that they can’t even take it into account when estimating their next step (“return period on sales, revenues, and costs of delivering”).
(5) They make it a constant in their budget to increase their expenses, and not have to deal with inflation.
By setting the right business strategy, business owners can minimize their costs, increase revenue, and create efficient business practices (including those that are specific to their business), as long as they remain consistent with their business and budget.
That business strategy is a more important objective than “how many customers are paying for it”; and that, by increasing the likelihood of getting the best product or service that they can charge, businesses will have significantly greater leverage over their competitors…
I don’t understand why I am so excited about this project, and I certainly don’t get why this is important.
I’ve seen the same things happen in business since the 1970s. The main reason is economics.
Some business owners are much better off with “high energy” (energy efficiency). (Efficient) energy efficiency is a measure of how efficient a business is when compared to other business sectors.
The idea is that businesses, as individuals, might be healthier on this score. However, there’s also the social stigma related to high energy production.
The problem here is that while electricity is the most abundant source of energy globally, it isn’t so much of a main source of pollution for the environment. (Energy efficiency is considered an environmental benefit. People can buy new clean sources of energy if they want to but it’s not as easy to buy solar panels or wind turbines for their own purposes because many wind turbines fail early and are not replaced.) Energy efficient businesses tend disproportionately make more money, but their products and services are not more expensive.
If you compare a business like this and its competitors, the question becomes this: why do businesses make much more to justify their investment? Because they invest in innovative, high-performance high-efficiency product
The Problem: A Different Kind of Problem
“Business is changing rapidly due to various external factors”. (Source: CPA, June, 2008)
But that “business” may not include the “problem” here.
Why would you think that.
Business’s business model is not designed to be “perfect” (or “complete” like your wife or your son says); it’s designed to be “bad”.
By creating a good product or service, creating good customers and making good sales, business owners are increasing profits (and thereby, decreasing the chance of losses).
The point is that business owners can’t always measure that growth by making it “perfect”.
In reality, business performance and growth have a variety of internal and external effects:
(1) Increasing the chances of not getting the best, they can often underestimate that the business gets its best results.
(2) They can overestimate the strength of their product, or overestimate a product’s value (especially for small businesses, who are small).
(3) They will make it extremely difficult for the customer (and potential customers) to identify that a product is the best for them (both for them and for the company!). The solution in business is to focus on improving the customers who are asking for it.
(4) They are so scared of the return on investment that they can’t even take it into account when estimating their next step (“return period on sales, revenues, and costs of delivering”).
(5) They make it a constant in their budget to increase their expenses, and not have to deal with inflation.
By setting the right business strategy, business owners can minimize their costs, increase revenue, and create efficient business practices (including those that are specific to their business), as long as they remain consistent with their business and budget.
That business strategy is a more important objective than “how many customers are paying for it”; and that, by increasing the likelihood of getting the best product or service that they can charge, businesses will have significantly greater leverage over their competitors…
I don’t understand why I am so excited about this project, and I certainly don’t get why this is important.
I’ve seen the same things happen in business since the 1970s. The main reason is economics.
Some business owners are much better off with “high energy” (energy efficiency). (Efficient) energy efficiency is a measure of how efficient a business is when compared to other business sectors.
The idea is that businesses, as individuals, might be healthier on this score. However, there’s also the social stigma related to high energy production.
The problem here is that while electricity is the most abundant source of energy globally, it isn’t so much of a main source of pollution for the environment. (Energy efficiency is considered an environmental benefit. People can buy new clean sources of energy if they want to but it’s not as easy to buy solar panels or wind turbines for their own purposes because many wind turbines fail early and are not replaced.) Energy efficient businesses tend disproportionately make more money, but their products and services are not more expensive.
If you compare a business like this and its competitors, the question becomes this: why do businesses make much more to justify their investment? Because they invest in innovative, high-performance high-efficiency product
The Problem: A Different Kind of Problem
“Business is changing rapidly due to various external factors”. (Source: CPA, June, 2008)
But that “business” may not include the “problem” here.
Why would you think that.
Business’s business model is not designed to be “perfect” (or “complete” like your wife or your son says); it’s designed to be “bad”.
By creating a good product or service, creating good customers and making good sales, business owners are increasing profits (and thereby, decreasing the chance of losses).
The point is that business owners can’t always measure that growth by making it “perfect”.
In reality, business performance and growth have a variety of internal and external effects:
(1) Increasing the chances of not getting the best, they can often underestimate that the business gets its best results.
(2) They can overestimate the strength of their product, or overestimate a product’s value (especially for small businesses, who are small).
(3) They will make it extremely difficult for the customer (and potential customers) to identify that a product is the best for them (both for them and for the company!). The solution in business is to focus on improving the customers who are asking for it.
(4) They are so scared of the return on investment that they can’t even take it into account when estimating their next step (“return period on sales, revenues, and costs of delivering”).
(5) They make it a constant in their budget to increase their expenses, and not have to deal with inflation.
By setting the right business strategy, business owners can minimize their costs, increase revenue, and create efficient business practices (including those that are specific to their business), as long as they remain consistent with their business and budget.
That business strategy is a more important objective than “how many customers are paying for it”; and that, by increasing the likelihood of getting the best product or service that they can charge, businesses will have significantly greater leverage over their competitors…
I don’t understand why I am so excited about this project, and I certainly don’t get why this is important.
I’ve seen the same things happen in business since the 1970s. The main reason is economics.
Some business owners are much better off with “high energy” (energy efficiency). (Efficient) energy efficiency is a measure of how efficient a business is when compared to other business sectors.
The idea is that businesses, as individuals, might be healthier on this score. However, there’s also the social stigma related to high energy production.
The problem here is that while electricity is the most abundant source of energy globally, it isn’t so much of a main source of pollution for the environment. (Energy efficiency is considered an environmental benefit. People can buy new clean sources of energy if they want to but it’s not as easy to buy solar panels or wind turbines for their own purposes because many wind turbines fail early and are not replaced.) Energy efficient businesses tend disproportionately make more money, but their products and services are not more expensive.
If you compare a business like this and its competitors, the question becomes this: why do businesses make much more to justify their investment? Because they invest in innovative, high-performance high-efficiency product
In contrast to creative thinking, scientific thinking is, in short, self-direct, self-disciplined, self-monitored, and self-corrective. Critical thinking is consistently disciplined in its management process and from the disciplined manner it can facilitate generation of new knowledge and increase understanding as a natural human function, and an embedded skill that all of us have and can develop further. Through the centuries scientific thinking proved itself to be more productive than any other way of thinking we know of. (Van Thinking Skill Development, n.d.).
Logical thinking on the other hand has the ability to think logically, using reasons, concept and facts to work out a solution. “All logical thinking is sequential thought, says Dr. Albrecht. I think that logic and reasoning are to let us to think in a certain orders or steps to have an objective view of something around us. (Socyberty, n.d.).
ReferencesVirtualSalt. (n.d,). Introduction to Creative Thinking. Retrieved from