Tools and Techniques MGT/350

Critical thinking and decision-making go hand in hand. This allows us to evaluate a situation, process the information and determines a course of action. The focus of this paper is to define critical thinking and decision-making. Then discuss a decision-making tool or technique that exists in critical thinking. Critical thinking, as defined in the multimedia Grolier Encyclopedia CD-Rom, is "the general term given to a wide range of cognitive skills and intellectual dispositions an individual …

…Dictionary of Finance and Banking in Economics and Business (Oxford: 1997), p. 84. Greg Kitzmiller, The importance of critical thinking: it is out of critical thinking that the best strategic plans come. (Rodman Publications, Inc: 2003), para. 2. Warnick & Inch, Critical Thinking and Communication, (2nd ed. Macmillan: 1994), p. 11. Browne, Readings in Critical Thinking (Boston: Pearson, 1998), p. 3. Kim Siegenthalen & Kevin Riley, Using Nominal Group and the Delphi Technique for Needs Assessments, (Parks and Recreation: 2002) pp. 55-58.