Critical Thinking Business Analysis and Decision Making How to Think Clearly Analyses Effective and Act Wisely

Introduction:

Critical thinking is the ability to analyse, interpret, and evaluate information in a logical and objective manner. Business analysis is the practice of enabling change in an organisation by defining needs and recommending solutions that deliver value to stakeholders. Decision making is the process of choosing the best course of action among multiple alternatives. All three skills are essential for professionals who want to solve problems, achieve goals, and improve performance in today’s complex and uncertain business environment.

In this course, you will learn how to apply critical thinking, business analysis, and decision making techniques to various scenarios and challenges. You will develop your cognitive abilities, such as reasoning, analysis, creativity, judgement, and intuition. You will also learn how to overcome the common obstacles and biases that affect your thinking, analysis, and decision making. You will use various tools and frameworks to support your thinking, analysis, and decision making process. You will also learn how to communicate and collaborate effectively with others to make better decisions.

This course is designed for professionals who want to enhance their critical thinking, business analysis, and decision making skills. It is suitable for anyone who is involved in or interested in problem solving, innovation, change management, project management, or business development.

  • Define critical thinking, business analysis, and decision making and explain their importance and benefits
  • Apply various critical thinking techniques to analyse information, generate ideas, and evaluate arguments
  • Apply various business analysis techniques to define problems or opportunities, identify stakeholders and their needs, elicit and validate requirements, generate and recommend solutions
  • Apply various decision making techniques to compare alternatives, select the best option, and implement the chosen solution
  • Identify and avoid the common pitfalls and biases that affect your thinking, analysis, and decision making
  • Use appropriate tools and frameworks to support your thinking, analysis, and decision making process
  • Communicate and collaborate effectively with others to make better decisions.

Day One:

Introduction to Critical Thinking, Business Analysis, and Decision Making

  • What is critical thinking and why is it important?
  • What is business analysis and why is it important?
  • What is decision making and why is it important?
  • How are critical thinking, business analysis, and decision making related?
  • What are the benefits of critical thinking, business analysis, and decision making for professionals?
  • What are the challenges of critical thinking, business analysis, and decision making in today’s business environment?
  • What are the common pitfalls and biases that affect critical thinking, business analysis, and decision making?
  • How can we overcome them?

Day Two:

Critical Thinking Techniques

  • What are the elements of critical thinking?
  • How can we use logic, arguments, evidence, and assumptions to analyse information?
  • How can we use creative thinking to generate new ideas and perspectives?
  • How can we use systems thinking to understand the big picture and the interrelationships among components?
  • How can we use root cause analysis to identify the underlying causes of problems?
  • What are the stages of business analysis?
  • How can we define the problem or opportunity clearly and accurately?
  • How can we identify the stakeholders and their needs, expectations, and perspectives?
  • How can we elicit, analyse, validate, and document the requirements?
  • How can we generate, compare, select, and recommend the best solution?
  • How can we plan, execute, monitor, and evaluate the solution implementation?

Day Three:

Decision Making Techniques

  • What are the stages of decision making?
  • How can we generate alternatives for solving problems or achieving goals?
  • How can we evaluate alternatives using criteria such as feasibility, effectiveness, efficiency, ethics, and sustainability?
  • How can we select the best option using methods such as ranking, scoring, voting, or consensus?
  • How can we implement the chosen solution using tools such as action plans, Gantt charts, or SMART goals?
  • How can we monitor and evaluate the results using tools such as feedback loops, key performance indicators, or balanced scorecards?

Day Four:

Tools and Frameworks for Critical Thinking, Business Analysis, and Decision Making

  • What are some of the tools and frameworks that can help us with critical thinking, business analysis, and decision making?
  • How can we use SWOT analysis to assess the strengths, weaknesses, opportunities, and threats of a situation or solution?
  • How can we use PESTLE analysis to examine the political, economic, social, technological, legal, and environmental factors that affect a situation or solution?
  • How can we use Porter’s five forces analysis to evaluate the competitive forces in an industry or market?
  • How can we use SMART criteria to set specific, measurable, achievable, relevant, and time-bound objectives or goals?

Day Five:

Communication and Collaboration for Critical Thinking, Business Analysis, and Decision Making

  • Why is communication important for critical thinking, business analysis, and decision making?
  • What are the principles of effective communication for critical thinking, business analysis, and decision making?
  • How can we communicate clearly, concisely, confidently, convincingly, and courteously with different audiences?
  • How can we use various communication methods (e.g., written reports, oral presentations) to convey our findings or proposals?
  • How can we use feedback to improve our communication skills?
  • Why is collaboration important for critical thinking, business analysis, and decision making?
  • How can we work with others to solve complex problems effectively?

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.

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