CC1106

Critical Thinking for Decisions at Workplace

PREPARED BY
Ayush Sharma (2020BTechCSE017)

FACULTY GUIDE
Shraddha Bharatiya

JK Lakshmipat University Jaipur

February’ 23
 8 Steps for the Making the Best Decisions Technique

Step 1: Determine That a Decision Needs to Be Made

I'm faced with the choice between saving money for a car or going on vacation
with my closest friend's family.
Step 2: Gather Relevant Information
To make an informed choice, I need to gather information such as the price of
airfare and vacation spending budget, how much I have saved for a car, the cost of
the vehicle I intend to purchase, and the timetable for buying the car.
Step 3: Decide on Specific Goals and Outcomes I Want to Achieve
My decision should strike a balance between my want for a car and my wish to go
with my friend's family.
Step 4: Develop Clear Decision-Making Criteria to Evaluate Options
My decision-making criteria may include elements like the expense of the
vacation, how it will affect my timeline for saving for a car, how important a car is
to me, and how much significance I place on seeing my friend's family.
Step 5: Generate Viable Options
Option 1: Go with my friend's family, paying for the trip with some of the money I
saved for a car.
Option 2: Turn down the invitation to go on vacation and keep putting money
away for a car.
Option 3: Work out a compromise where I can take a trip while keeping my
expenditures to a minimum and still continue to save for the car.
Step 6: Weigh My Options and Pick the Best One
After considering each option, I might decide that option 3, reaching a
compromise, is the best choice. This would enable me to travel with my friend's
family while simultaneously capping my spending so I can keep saving for my car.
Step 7: Implement the Option I Selected
If I select option 3, I would need to let my friend's family know about my spending
limit and make arrangements in advance to avoid overspending. While on vacation,
I would also need to keep saving for my car.
Step 8: Evaluate Implementation and Revise as Needed
I should assess the compromise after the trip to see if it was successful in balancing
my want for a car and my desire to visit my friend's family. If I have trouble
staying below my spending limit, I might need to alter my strategy for subsequent
vacations. If the compromise was successful, I might think about applying the
same strategy in future instances of decision-making.