Find Three Credible Sources That Discuss Critical Thinking One Source ✓ Solved

Find three credible sources that discuss critical thinking. One source should be from the assigned and/or optional readings, (Topic 1 study materials), and the other two should be found through your own research from within the library. Read the three sources and consider how they define critical thinking. In words, define critical thinking and expand on what skills are needed to work through the critical thinking process and/or how critical thinking is enhanced. Keep the following guidelines in mind: 1.

The sources you found in your research may influence your definition, but your own ideas should be evident. In other words, your process should be: a) Read some definitions and descriptions of critical thinking; b) Comprehend or digest the information; and c) create a synthesized definition of critical thinking. 2. Paraphrasing is preferred. Include an in-text citation whenever paraphrasing or using a direct quote.

Keep direct quotes between 0-3 per essay. 3. A reference page that documents the three sources you found (and any other resources you used) is required. Remember, all sources must be cited both in-text and on your reference page. (Note: Do not simply reword the definitions you read. Consider how you will explain what critical thinking is.) Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance. ENTERPRISE RISK MANAGEMENT 3 Enterprise Risk Management Students' Name Professors' Name Course Date Enterprise risk management (ERM) is a business field platform that aims to identify and access the fields.

It prepares for rising challenges, hazards, and other potentials for any physical and symbolic potential that may interfere with an organization's operations and purposes. The risk management response depends on the likelihood of the impact and happenings of the situations at hand. Notably, suppose the risks are effectively managed. In that case, these activities will ensure that the organization's resources' limitations will be highly prioritized to most efficiently be sorted to cease them not to affect the organizations. Implementing ERM in an organization is essential.

It is the most fundamental management strategy that facilitates the business's current process and entails one of the organization's powerful frameworks. (Roy, 2020) The organization includes committee directives that ensure its sponsors and implements the decision that they have been made to meet its main objectives. There are also integrated frameworks that have been developed by the institution of risk management (IRM). The IRM is a body that sets regulations to be followed and given the right approach to these laws hence follows to ensure they are implemented. The ultimate of these essentials are the assessments of trivial risk and implementations of suitable risk reactions. Moreover, the risk reaction includes the acceptance or the tolerance of risk, mitigation of the cessation of the rising risk, the sharing of the risk via insurance bodies, avoidance of the threat of the risk through internal control processes or other threat prevention activities.

Moreover, other ERM principles include the risk approach, risk beliefs, and risk appetite. These are expressions of the altitude to threats that would affect the corporation; hence it stresses the organization to the amount it would be able to undertake. These are the crucial elements of the elements that guide the leadership and foster responsibility to the organizations. Implementing these concepts does not mean it should perform when its doors are closed, but it should motivate the enterprise and lay these strategic risk managements to evade the possible risk. (Mkula, 2018). If well managed, this risk initiates the organization to perform its obligations very well and meet its goals in time.

Enterprise risk management is recognized as an expectation of excellent management and organization governance. There is a challenge that influences the ERM implementation that directly influences, basing its highly strategized and location factors. Although different organizations have different ERM challenges presented at different levels of the organizations, it possesses different management styles and frameworks affected by business designs. For this organization's organization, risk perspectives have an undesirable adverse impact on the firm's operations processes determined by competitiveness, finance reputations, and ERM compliance obligations. In the past years, the governance has interested in concerted risk and strategizing issues on controlling the risk; hence this has fostered inspiring research in different study platforms that have facilitated numerous standards to the country and enterprise interest.

In this regard, the challenges influencing the implementation of ERM can be categorized into several SMEs' characteristics, which initiate the organizations' culture, thus integrating knowledge of managing risk. (Tasmin, 2020) The organization's culture focuses on risk management, which is a practical element for applying this category of management at different levels. Risk management is represented by the behavior and ethical behaviors of the individuals facing various threats. These risks are categorized into internal and external, which are then outlined depending on their risk management conceptions. The success of this internal obstacle for risk management implementations is represented by organization culture, basing it their knowledge of the risk of management without prior preparation training in the platforms of the risk management.

This is the right process, which pressures the good work activity for those involved in specific risk management's actions. Another risk management implementation for the Romanians SMEs' sustainability is cultivated by assessing risk management and a positive attitude. Notably, the global business environment facilitates the rapid changes into the organizations' environments, which is very aware of risk management's need in their venture and its effectiveness. The altitude is a determining factor in risk management as it positively influences the magnitude in which the problem will be solved effectively in the organization. The global has taken a positive initiative that identifies early rising risk in improving the organization's organization culture handling procedure.

Moreover, develop a sustainable dimension in the concepts of risk and handling of the capital, its application in non-financial organizations. (da Silva Etges et al. 2018)The organization leaders comprise the rules that are kept and incorporated to enhance useful operating thus, and these traits are incorporated in the enterprises of risk management. These initiatives facilities and permits the organization to realize its objectives and get initiates towards the goal if the implementation is getting appropriate resources to motivate and commit enterprise risk management practices. Specific management practices are quite useful because showing leadership qualities to guarantee the enterprise risk management success needs effective leadership.

The importance of enterprise risk management in any organization needs to assess the risk they are influenced and implement the necessary and suitable strategies in managing these risks. There are various processes to respond to the risk and solve the organization's arising situations, such as mitigating the risk, transferring the risk, and tolerating the organization's challenges. Notably, there are a lot of different risk management responsibility organization needs to consider; i. The enterprises should document the risk management procedure that would help them in the future to deal with such risk, which would possibly arise. This organization would have a somewhere to refer to in, also facility good continuity of the firm to enable them to do not experience such a similar challenge as they would have sorted the problem in its initial level. ii.

The organization should create an infrastructure of risk management to entail that it may avoid the risk it encounters. When the infrastructure is created well and set up done reasonably, the practices will follow suit. The organization will meet objectives without much strain. iii. The organization should facilitate training and ensure they report all the risk management activities to the concerned protocol and ensure that it is timely reported for easy mitigations of the problems and handling. The fundamentals of effective risk management in the organization systems entail enterprise risk management's qualitative and quantitative benefits.

The quality of information that an organization gathers is quite significant for the accomplishment. Notably, the data collected initiates the level of insights and strategies they will undertake to hold on to the created. Therefore the collection of useful data will create good insight for the company, which will lead to better outcomes in the future and improve revenue incomes. Enterprise risk management aids the maximum data organization to evaluate the risk. This suggests that the methods used will be used to optimize all the data available collected and digitalized.

Since the use of manure way to the recording is very tedious and the quality is affected; hence its quality is inferior. Furthermore, there are cost-effective processes that can be involved in managing the risk that challenges the cost of effective processes. The organizations' systems are quite not operational as some additional cost to the departments; hence, the management should strategize on the best methodology to implement when leading and giving out the juniors' mandate. This eliminates the need to spend resources for a whole department to reduce risks that will cut down costs. (Fraser, & Simkins, 2016). Besides, if the organization invests in the best enterprise risk management solutions, they would be in positions to reduce the business insurance premium, as it would transfer its risk to the third party.

This will greatly save the cost incurred in paying the insurances. The organization has met its objectives effectively and is meeting its enterprise risk management framework. Since ERM translates its risk management to coordinate the activities that occur across the entire firm and bring together all the risk of managing them appropriately, the Treadway commission is a committee of sponsoring organizations oriented in giving an organization objective set in four sets. i. Strategic goals which orient it to meet its mission and purpose ii. Operational strategies which are practical and efficient in using its resources iii.

Reporting should be implemented in time to ensure there is vital risk management. iv. Compliance of the organizations and its employee to ensure they apply their laws and regulations However, the risks are uncertainties that have a significant impact on the organizations' goals; this suggests the organization should imperative to the investors to enhance that they can calculate, give them hopes so that they may not lose or refuse to stake with the organization. This requires an integrated perception to work out well in the risk appetite as a tendency of a different group situation expressed against objectives and can be dignified on the exterior. The organizations should implement a decision process to ensure that all risk is managed to foster the activities that would avoid adverse impacts and exploit positive threats.

The policies should also be made to facilitate the organization to speak in one language and reduce the cost in all risk management activities. Implementation of portfolio risk management facilitates the public transport organization to identify, evaluate, and standardize risk across the firm, hence allocate responsibilities and provide a well-strategized risk of management in the firm. The enterprise risk management implementation's main challenges are to ensure that it is everybody's responsibility to promote the organization's culture to achieving risk management goals in the cooperation. (Vijayan & Sharma, 2020). Therefore, it is easier for an organization to identify the risk, but handling the issues is not quite sufficient in handling the organization issues to uniform dissemination and consciousness of the real accomplishment of factors.

Consequently, the organization leaders have a variety of significances in the risk management and enhance its progressions hence to facilitate the organization in meeting its goals. The main essential perspectives should be implementing the ERM in the evaluated time to make harmful risks and create values for prospects. It should also conduct some of the documentation and plan for the future to make well-stabilized decisions that will have a control assurance of good organization that will be achieved through regular quantifications. The ERM can offer exceptional values if it is well applied. It should be based on strong risk culture, and it requires to be well invested in fostering executives set by the leaders.

Lastly, they should set rules that are simple and well understood by everyone. Reference da Silva Edges, A. P. B., Grenon, V., de Souza, J. S., Neto, F.

J. K., & Felix, E. A. (2018). ERM for Health Care Organizations: An Economic Enterprise Risk Management Innovation Program (E2RMhealth care). Value in regional health issues, 17, .

Fraser, J. R., & Simkins, B. J. (2016). The challenges of and solutions for implementing enterprise risk management. Business Horizons, 59(6), .

Mkula, T. (2018). Practical Enterprise Risk Management: A Case of Telkom South Africa. Roy, S. (2020). Concept of risk identification, analysis, retention, and application of enterprise risk management concerning Indian industries. ZENITH International Journal of Multidisciplinary Research, 10(4), 1-11.

Tasmin, R., Muazu, M. H., Aziati, A. N., & Zohadi, N. L. (2020). The mediating effect of enterprise risk management implementation on operational excellence in the Malaysian oil and gas sector: a conceptual framework.

Future Business Journal, 6(1), 1-6. Vijayan, V. K., & Sharma, D. (2020). Relationship Between Organizational Cultural Drivers and Risk Management Plan From Enterprise Risk Management (Erm) Perspective–(a Study Concerning the Projects Handled by It Companies in the UAE). International Journal of Management, 11(5).

Paper for above instructions

Critical Thinking and Its Processes

Critical thinking is a crucial skill in both academic and professional settings, as it enables individuals to analyze information, evaluate different perspectives, and arrive at reasoned conclusions. While definitions of critical thinking can vary, the general consensus includes the ability to think clearly and rationally about what to believe or do (Facione, 2015). The American Philosophical Association (APA) identifies critical thinking as “the process of purposeful, self-regulatory judgment” whereby individuals engage in reflective and independent thinking (Facione, 2011). It involves synthesizing, analyzing, and evaluating information to guide beliefs and actions.
To synthesize this information into a cohesive definition, critical thinking can be defined as a cognitive process that involves the systematic exploration of diverse information, arguments, and opinions to formulate sound judgments and decisions. This process not only encompasses analyzing and evaluating information but also the practical application of thought. It requires a combination of cognitive skills such as analysis, interpretation, evaluation, inference, explanation, and problem-solving abilities (Moon, 2008).

Skills Essential for Critical Thinking

Engaging effectively in critical thinking requires a range of skills. These skills can be categorized into cognitive skills, interpersonal skills, and intrapersonal skills.
1. Cognitive Skills: At the heart of critical thinking are cognitive skills, which include:
- Analysis: Breaking down complex information into its component parts to understand it better (Nosich, 2012).
- Evaluation: Assessing the credibility and relevance of information sources or arguments to determine their reliability (Halpern, 2014).
- Inference: Drawing logical conclusions from available information and evidence (Paul & Elder, 2006).
- Problem-solving: Identifying potential solutions to challenges or problems using systematic approaches.
2. Interpersonal Skills: These skills are necessary for collaboration and discourse, such as:
- Effective Communication: Being able to articulate ideas and reasoning in a clear and coherent manner.
- Active Listening: Engaging fully with others to understand different viewpoints (Brookfield, 2012).
- Open-mindedness: Willingness to consider alternative viewpoints and
different perspectives without bias (Paul & Elder, 2014).
3. Intrapersonal Skills: These skills involve self-reflection and self-regulation, including:
- Self-awareness: Understanding one’s own biases and assumptions that can influence thinking.
- Emotional Regulation: Managing emotional responses to maintain a rational perspective (Fisher, 2001).
- Metacognition: Having an awareness of one’s own thought processes and using that awareness to guide learning and thinking (Baker & Aleven, 2016).

Enhancing Critical Thinking

To enhance critical thinking skills, individuals can engage in various practices. These include:
1. Practice Reflective Thinking: Encouraging self-reflection about one’s own thought processes leads to a deeper understanding of personal biases and assumptions (Moon, 2008). Journaling or creating concept maps can facilitate this process.
2. Engage in Discussion: Participating in discussions with educated peers enhances critical thinking by exposing individuals to diverse viewpoints, thereby fostering open-mindedness and collaborative reasoning.
3. Apply Problem-Based Learning: Incorporating real-world problems that require critical analysis can strengthen problem-solving and analytical skills, ultimately improving overall critical thinking capabilities (Barrows & Tamblyn, 1980).
4. Utilize Critical Thinking Frameworks: Applying structured frameworks, like Paul’s Critical Thinking Model or the Toulmin Model of Argument, can guide individuals in systematically analyzing problems and arguments (Paul & Elder, 2014; Toulmin, 2003).
5. Seek Feedback: Actively seeking constructive feedback from mentors or peers allows individuals to examine their reasoning and assumptions critically, fostering growth and improvement.

Conclusion

Critical thinking is integral to effective decision-making and problem-solving within various domains of life. By synthesizing insights from reputable sources, it is evident that critical thinking is not merely an innate skill but one that can be cultivated through practice and engagement. Developing cognitive, interpersonal, and intrapersonal skills are fundamental for honing one’s ability to think critically. As individuals embark on the path of enhancing their critical thinking capabilities, the practice of self-reflection, seeking diverse perspectives, and applying structured analytical frameworks will contribute significantly to their growth as critical thinkers.

References

1. Baker, R. S., & Aleven, V. (2016). Educational data mining: An overview of the special issue on educational data mining. The Journal of Education Data Mining, 8(1), 1-7.
2. Barrows, H. S., & Tamblyn, R. M. (1980). Problem-based learning: An approach to medical education. New York: Springer Publishing Company.
3. Brookfield, S. D. (2012). Teaching for critical thinking: Tools and techniques to help students question their assumptions. John Wiley & Sons.
4. Facione, P. A. (2011). Critical thinking: A statement of expert consensus for purposes of educational assessment and instruction. The Delphi Report.
5. Facione, P. A. (2015). Critical thinking: What it is and why it counts. Insight Assessment.
6. Fisher, A. (2001). Critical thinking: An introduction. Cambridge University Press.
7. Halpern, D. F. (2014). Thought and knowledge: An introduction to critical thinking. Psychology Press.
8. Moon, J. A. (2008). Critical thinking: An exploration of theory and practice. Routledge.
9. Paul, R., & Elder, L. (2006). Critical thinking tools for taking charge of your professional and personal life. Financial Times/Prentice Hall.
10. Paul, R., & Elder, L. (2014). The miniature guide to critical thinking: Concepts and tools. Foundation for Critical Thinking.