Leadership Critical Thinking

Leadership Critical Thinking-31
The million dollar question that emerges here is that what kind of thinking or re-thinking is required from the leaders if they wish to be successful in the so-called ‘new normal’? According to Diane Halpern, when you utilize your cognitive skills or strategies that are likely to increase the probability of the desired outcome, it is considered as critical thinking.In other words, critical thinking is reasoned, goal-oriented, purposeful, and the kind thinking required during problem-solving, drawing inferences, calculating possibilities, and making decisions.Let’s face it — the majority of decisions we make in life are not black and white.

The million dollar question that emerges here is that what kind of thinking or re-thinking is required from the leaders if they wish to be successful in the so-called ‘new normal’? According to Diane Halpern, when you utilize your cognitive skills or strategies that are likely to increase the probability of the desired outcome, it is considered as critical thinking.In other words, critical thinking is reasoned, goal-oriented, purposeful, and the kind thinking required during problem-solving, drawing inferences, calculating possibilities, and making decisions.Let’s face it — the majority of decisions we make in life are not black and white.

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She suggests that it’s better to say there’s a certain percent chance of something happening versus giving a definitive yes or no.

Some skeptics have criticized Duke and other poker players because they consider poker a game of chance and not a game of skill. However, there is a high level of skill needed to play the game effectively, one of which is understanding how to quickly apply probabilities to give yourself the greatest opportunity to succeed.

As such, there are a wide range of possible outcomes and several different ways to arrive to a decision.

The driving theme of this discussion is that in life there are situations where there are definitive answers and other times when there are not.

For example, you shouldn’t spend 30 minutes deciding if you want cream or sugar in your coffee or if you want ice water or tea.

These types of decisions are inconsequential and have no meaningful impact on your life (unless you need to cut back on buying a mocha frappucino from Starbucks twice a day).When I worked as an engineer, the problems I was solving needed to have a definitive answer. But now that I work with venture capital firms, the process of making a decision of which firms to add to our portfolio is not so black and white.Each venture capital firm has a different process; different people; different strategy.The equations work something like this: It’s thinking that helps to drive behaviour, and it is behaviour that drives results.Hence, organisations that aspire to change their results and thereby change the organisation in itself, can achieve this feat by changing the way their leaders and managers think across the organisation.If you spend too much time over-analyzing meaningless decisions, you will drive yourself and everybody around you crazy. Critical thinking skills are learned; they are not innate.We force ourselves to think critically so we can be better managers, partners, teammates, and ultimately better leaders.There is also considerable evidence around emerging and current leaders lacking the ability to think critically.In the times of economic disruption, turmoil and crisis we are aware of what a failed leadership looks like.If organisations expect a different outcome, then they also need to be prepared to do things differently.Hence, in this dynamic business environment, it is a given that a different mindset is required from the leadership.

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