29 January 2015
Principles of Management
Dr. S. Gibson
Decisions are choices that people make on a day to day basis, the decision to wake up every morning or the decision to attend a class period are a few examples to show how a choice can be a small thing in our days. Funny enough though, decisions range in a wide variety of sizes and magnitudes. There are those that can be considered a life or death matter and those that have to be made for the future of something. Locking in, decisions made in a business spectrum are more often than always dire. People that make decisions for a business are people who have gained the right to do such a thing and are always expected to execute a matter to the optimum efficiency.
The article for which this essay corresponds to talks about how decision-making is not an easy task and finding solutions is never easy. Somewhere along the process of psychology distinguishing thinking techniques, two systems were devised: system 1 and system 2. System 1 refers to the intuitive system, which is typically fast, automatic, effortless, implicit and emotional. System 2 refers to reasoning that is slower, conscious, effortful, explicit, and logical. System 1 thinking can be seen as more of thinking on a whim while system 2 thinking can be seen as thinking with good hearty evidence and actually having time to come to a decision. People that use system 1 thinking usually don’t have the luxury of time to sit at their desks to think about the next move for their company, they have to think within X amount of time and not hope but know that they made the right choice. System 2 thinkers in my opinion are probably not executives but people who are hired to do research for a company and actually take the time to come to a conclusion about the next venture for it.
Being in a system 1 state of thinking is more than likely stressful, thinking while facing deadlines or having a plethora of other things to tend to is...