Table of Contents
Introduction
5CO02 Evidence Based Practice constitutes a module designed to provide learners with a comprehensive understanding of gathering both qualitative and quantitative evidence, fostering the development of critical thinking skills. This module assesses the ethical dimension of organizational decision-making through the analysis of information and evidence, thereby determining their inherent value.
Learning outcomes
Upon completion of this unit, learners will have comprehensively grasped the following concepts, which will be evaluated as part of the unit’s culmination:
- Attain a profound comprehension of strategies that bolster critical thinking and the utilization of evidence to enhance decision-making.
- Develop an appreciation for the significance of making ethically sound decisions and crafting approaches to address challenges in human-centric practices within a workplace setting.
- Acquire valuable insights into gauging the organizational impact of human-centric practices.
1. The effectiveness of critical thinking/strategies in decision-making
Applying evidence-based practice to decision-making and people practice
Learners are tasked with comprehending the utilization of evidence to make well-founded decisions that can be logically substantiated both personally and in the eyes of others. This substantiation arises from a hands-on interpretation and analysis of the evidence at hand. Learners gain an understanding of pertinent decision-making models such as the rational model, bounded rationality, and groupthink, which aid in shaping their choices. The evidence they employ should stem from diverse sources, prompting learners to remain vigilant about the perils of bias when rendering judgments and drawing conclusions related to various business matters.
Effective organizational decisions come to fruition when managers and employers adeptly diagnose challenges while simultaneously recognizing the opportunities that warrant contemplation before arriving at definitive choices. Various tools and methodologies have been pinpointed to facilitate employers’ comprehension of the business operating landscape. Among these tools are exemplars such as Porter’s Five Forces model, Ansoff matrix, strategic review, cause and effect analysis, critical incident analysis, balanced scorecard, and the McKinsey 7S model. Each of these holds significance in sourcing information from the surrounding environment. Employing various methodologies like interviews and observations enhances the efficacy of these tools. The gleaned information can subsequently be employed to assess organizational metrics, offering a foundation upon which data-driven support for both the organization and its personnel can be built.
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