The Manager as a Critical Thinker
The Manager as a Critical Thinker
Lam Ngan Le
UMUC- AMBA 610
Professor Sherri Malloy Beatty-Arthur
This paper analyzes a current situation in which the CEO of a manufacturing company is believed to be paid too handsomely compared to other CEOs of similar companies. This paper will use the critical thinking model mentioned in Asking the Right Questions written by M. Neil Browne and Stuart M. Keeley. The 10 steps of critical thinking include: What are the issue and conclusion, what are the reasons, what words or phrases are ambiguous, what are the value and descriptive assumptions, are there any fallacies in the reasoning, how good is the evidence, are there any rival causes, are the statistics deceptive, what significant information has been omitted, what reasonable conclusions are possible.
The book stated that “an issue is a question or controversy responsible for the conversation or discussion. It is the stimulus for what is being said” (Browne & Keeley, 2012). The book goes on to dividing the issue into two categories: descriptive and prescriptive. The book defines descriptive issues as those that cause people to question the accuracy of events in the past, present or future. And prescriptive issues are those that raise questions about what is the right thing versus the wrong thing to do, good versus bad, what we should do. The issue in this scenario falls under the descriptive category. The CEO of PDQ Manufacturing, Raymond James’s compensation is significantly higher compared to the salary of CEOs in other companies with similar characteristics. James was hired in 2003 for a five year appointment with the starting salary at $400,000. During the first three years, the contract promised him raises of 3%, 5% and 7% consecutively. After the first three years, the CEO’s compensation continued to increase significantly while the company experienced zero growth in the year of 2006 and continued to experience loss ever since without signs of recovery. The
Lam Ngan Le
UMUC- AMBA 610
Professor Sherri Malloy Beatty-Arthur
This paper analyzes a current situation in which the CEO of a manufacturing company is believed to be paid too handsomely compared to other CEOs of similar companies. This paper will use the critical thinking model mentioned in Asking the Right Questions written by M. Neil Browne and Stuart M. Keeley. The 10 steps of critical thinking include: What are the issue and conclusion, what are the reasons, what words or phrases are ambiguous, what are the value and descriptive assumptions, are there any fallacies in the reasoning, how good is the evidence, are there any rival causes, are the statistics deceptive, what significant information has been omitted, what reasonable conclusions are possible.
The book stated that “an issue is a question or controversy responsible for the conversation or discussion. It is the stimulus for what is being said” (Browne & Keeley, 2012). The book goes on to dividing the issue into two categories: descriptive and prescriptive. The book defines descriptive issues as those that cause people to question the accuracy of events in the past, present or future. And prescriptive issues are those that raise questions about what is the right thing versus the wrong thing to do, good versus bad, what we should do. The issue in this scenario falls under the descriptive category. The CEO of PDQ Manufacturing, Raymond James’s compensation is significantly higher compared to the salary of CEOs in other companies with similar characteristics. James was hired in 2003 for a five year appointment with the starting salary at $400,000. During the first three years, the contract promised him raises of 3%, 5% and 7% consecutively. After the first three years, the CEO’s compensation continued to increase significantly while the company experienced zero growth in the year of 2006 and continued to experience loss ever since without signs of recovery. The