Sunday, June 14, 2020

The Monthly “Digital Mind” Summary: Critical Thinking June 2020

Critical Thinking is the mental process of actively and skillfully processing, conceptualizing, analyzing, and synthesizing information to reach an answer or conclusion.

Many organizations are doing digital - applying digital gadgets or taking a few business initiatives. But very few are being digital - move to the high level of digital maturity with a cohesive strategy and a holistic approach. The fundamental difference is the digital mind shift. In addition to the set point changing, transformation requires first shifting mindsets and then building new skills, capabilities, and reinforcing and embedding new practices/reflexes.


Critical Thinking

Critical Thinking as a state of Applied Intelligence Due to an unprecedented level of uncertainty, velocity, and complexity, the assumption that there is a single cause to a “problem” is often limited, business problems become over-complex and interdependent, misunderstanding turns out to be one of the biggest causes of many human problems. Thus, Critical Thinking is more critical than ever as it provides a mental framework and a useful methodology to either improve decision effectiveness or problem-solving fluency. Here is a multitude of perspectives on critical thinking as a state of applied intelligence.

“Critical Thinker" Board Director The Corporate Board's role, in large part, is to make good decisions that enhance the value creation for the organization. Boards need to work closely with the management for mastering strategy oversight and risk intelligence, identify both business opportunities and risks, and keep focusing on doing fundamental things right. Ultimately, the corporate board takes the praise or blame depending largely on their abilities to influence the business outcomes. The "critical thinking" Board directors are in strong demand to steer the business in the right direction in the face of today's "VUCA" digital new normal. More specifically, critical thinking requires:

Three Perspectives of Critical Thinking Critical thinking has been described as “reasonable reflective thinking focused on deciding what to believe or do for making reasoned judgments.” It’s the mental process of actively and skillfully processing, conceptualizing, analyzing, and synthesizing information to reach an answer or conclusion."

Critical Thinking as the Cure of Three Symptoms of the “VUCA” Digital Normality Change is the new normal. In the digital era, any business can be at risk for survival at any minute due to continuous fast-paced changes and continuous digital disruptions. Digital leaders and professionals must leverage critical thinking as an effective tool to deal with “VUCA” digital new normal. Critical thinking can combine different thought processes, to gather a mass of information, break it apart and reconstruct it with a level of accuracy for projecting futuristic events, or numbers, etc. In reality, there is only a very small fraction of true critical thinkers. How to spot and cultivate more critical thinkers who can cure the following three symptoms of digital normality.

Apply Multidimensional Thought Processes to Problem-Solving Scenario With the overwhelming growth of information and an unprecedented level of uncertainty, there is known unknown and unknown unknown. Many problems become so complex, fact-finding and prototyping are crucial steps in discovering premium solutions. Digital leaders and professionals must keep their minds open, enhance interdisciplinary understanding of the problem, and take the step-wise approach to solve them smoothly.

The “Future of CIO” Blog has reached 3.5 million page views with about #6800th blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking and innovating the new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation, and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.


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