Why is critical thinking increasingly important to business leaders and their teams? Explore the answer to this question and others in our interview with Dr Tom Chatfield, a philosopher, author and Economist Education course founder. https://lnkd.in/eVAe3ANi
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Very important insights on critical thinking, Tom Chatfield! I totally agree that critical thinking is an essential skill of work and life because it harnesses human cognitive strengths and addresses our weaknesses. In my research, I have identified assessing evidence, critical numeracy, argument evaluation, and perspective taking as the core skills of critical thinking for the 21st century.
Why is critical thinking increasingly important to business leaders and their teams? Explore the answer to this question and others in our interview with Dr Tom Chatfield, a philosopher, author and Economist Education course founder. https://lnkd.in/eVAe3ANi
The business of critical thinking
education.economist.com
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Make better decisions with this short but powerful course on Decision Making - learn effective processes and how to overcome challenges: https://lnkd.in/g9AEiPyW #decisionmaking #personaldevelopment #Education #Career #Compete #CompeteAcademy
Understanding Decision-Making: A Guide To Effective Processes And Overcoming Challenges » Compete Academy
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Having recently read this Forbes article, I reflected on how critical thinking has proven to be a career-advancing skill in my professional journey with AlphaSights particularly within the realm of decision-making. I learned early on not to present opinions as facts. Making good decisions based on opinions primarily relies on luck, whereas if you base your decisions on facts + opinion, you rely on logic and analysis. Applying critical thinking is a core skill that will allow you to make better-informed decisions and achieve more successful outcomes. https://lnkd.in/gB6aZjxp
Author Post: Critical Thinking Is Underrated: Why You Need To Make Room For It
forbes.com
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How do you become Highly Successful at Business High Performance Systems, the more you do the more you will get Trial and Error Slows us down, but good thing is that you too can do it using proven research.. You can use specific actions: The facts are known but often hidden in dusty academic research papers So over the next 8 weeks (20/5/24 to 15/7/24) we will find out how we can safely improve our performance, no matter who you are if, you behave as a high performer with big goals set and no distraction I will publish a Weekly Newsletter to include Notes and Self Assessments only if you subscribe for my newsletter on linked in. Plus you get a FREE tool to set your own Personal Mission. statement. This a challenge, please test it and judge it only if you put the work in. No work no High Performance. Only EXCUSES 1 How to set Big Goals 2 How to behave to drive results 3 How to accelerate your development
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Excited to delve into the transformative power of behavior science in organizational change? Explore our latest insightful article by ☺️Andrea Clasquin and Evelyn van Kelle. Learn how to specify and drive change effectively! Read now: https://lnkd.in/g4XgjP36. #BehaviorScience #OrganizationalChange #Specification #XebiaArticles
Unraveling complexity: The power of specification
articles.xebia.com
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worth sharing; Operating from the I’ve-already-made-up-my-mind-don’t-bother-me-with-the-facts mode is not management by intuition; it is management by ignorance. Drucker says, “I believe in intuition only if you discipline it. ‘Hunch’ artists, who make a diagnosis but don’t check it out with the facts, are the ones in medicine who kill people, and in management kill businesses.” As Henderson notes: The accelerating rate of change today is producing a business world in which customary managerial habits in organizations are increasingly inadequate. Experience alone was an adequate guide when changes could be made in small increments. But intuitive and experience based management philosophies are grossly inadequate when decisions are strategic and have major, irreversible consequences. In a sense, the strategic-management process is an attempt to duplicate what goes on in the mind of a brilliant, intuitive person who knows the business and assimilates and integrates that knowledge using analysis to formulate effective strategies.
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Strategic thinking is a CRUCIAL skill that turns you into a leader. When you are aware of market trends and can position your company to take advantage of the opportunities in its market, you will become indispensable. How do you do this? You must be aware of your organization's: 💪🏾Strengths: great culture & leadership, proprietary data, huge cash reserves, patented technology, organizational knowledge, a highly trained/motivated workforce, etc. 👎🏾Weaknesses: bureaucracy, lack of strategy, silo mindset, toxic culture, high leverage, unmotivated/poorly trained staff, etc. ✨Opportunities: a new source of demand, new trends/fads, an attractive new market, advancements in relevant technology, robust/growing ecosystem, new sources of partnerships, government incentives (e.g. the US CHIPs Act), etc. ⚠Threats: new entrants in the market, market saturation, trade wars (e.g. tariffs & levies), supply chain disruptions, boycotts, lawsuits/fines, etc. When you can identify these 4 factors and you can proffer solutions to the top management, you immediately become a star, and your opinions will be highly sought-after. The aim is to "leverage" strengths to "exploit" opportunities. To "eradicate" weaknesses and to "mitigate" threats. To achieve this: -Look beyond your job description. -Always read the business new related to your industry. -Understand the new technologies related to your operations. -Talk to colleagues from other departments to understand what they do. -Read about governments regulations in your industry (they change a lot). What else would you add? ---------------------------------- Are you looking to brush-up your business skills and strategic thinking? Our FREE "Business Acumen" course is your best bet. Link in the comment section.
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Strategic thinking is a CRUCIAL skill that turns you into a leader. When you are aware of market trends and can position your company to take advantage of the opportunities in its market, you will become indispensable. How do you do this? You must be aware of your organization's: 💪🏾Strengths: great culture & leadership, proprietary data, huge cash reserves, patented technology, organizational knowledge, a highly trained/motivated workforce, etc. 👎🏾Weaknesses: bureaucracy, lack of strategy, silo mindset, toxic culture, high leverage, unmotivated/poorly trained staff, etc. ✨Opportunities: a new source of demand, new trends/fads, an attractive new market, advancements in relevant technology, robust/growing ecosystem, new sources of partnerships, government incentives (e.g. the US CHIPs Act), etc. ⚠Threats: new entrants in the market, market saturation, trade wars (e.g. tariffs & levies), supply chain disruptions, boycotts, lawsuits/fines, etc. When you can identify these 4 factors and you can proffer solutions to the top management, you immediately become a star, and your opinions will be highly sought-after. The aim is to "leverage" strengths to "exploit" opportunities. To "eradicate" weaknesses and to "mitigate" threats. To achieve this: -Look beyond your job description. -Always read the business new related to your industry. -Understand the new technologies related to your operations. -Talk to colleagues from other departments to understand what they do. -Read about governments regulations in your industry (they change a lot). What else would you add? ---------------------------------- Are you looking to brush-up your business skills and strategic thinking? Our FREE "Business Acumen" course is your best bet. Link in the comment section.
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Great article to improve your decision-making- 5 ways to avoid pitfalls of binary decisions. The first point about mapping the possibilities resonates strongly with me. Typically strategic decisions have multiple choices, if you're simply deciding between go/no-go or this/that, consider how you're framing your objective. Rather than 'enter market x' you could expand the objective to 'grow sales by y', or go even broader to 'increase bottom line by z'. Having an array of options can often lead to better choices, resulting in improved outcomes. I help clients make and execute strategic decisions- if you're not seeing the progress you'd like, let's talk! https://lnkd.in/ebAc-BGF
Five ways to avoid the pitfalls of binary decisions
strategy-business.com
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How often do you ask the following prior to making a decision: Have you considered win-lose as outcomes not just win-win? What are options B, C, D..... not just A and B? What information are we missing? Are there multiple choice options when repeating decisions? What is the unworkable option? An interesting read in Strategy+Business for non-binary #decisionmaking.
Five ways to avoid the pitfalls of binary decisions
strategy-business.com
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