Critical thinking and Managerial Decision

Question: Discuss about theCritical Thinking and Managerial Decision. Answer: Introduction: This particular article has provided an in-depth understanding on the micro-foundation of management research. The overarching term, micro-foundation has emerged as an important foundational theme that evaluates the organizational challenges and knowledge based production. This particular article has primary focused to deal with the relevance of behavioral strategies. Behavioral strategy implies the study of corporate business strategies from the perspectives of micro-foundation. The article concentrates to highlight the roles of different kinds of behavioral strategies for the success of business organization. Objectives: Behavioral strategy and its importance are the primary concern of this particular article. The primary aim of the author is to implement a suitable behavioral strategy at the workplace. Before writing this particular article, the key objectives of the author are as follows: To critically evaluate the importance of behavioral strategy within the strategic management of an organization To get an in-depth overview about different kinds of behavioral strategies To understand critically which particular behavioral strategy is effective for a particular business organization Theoretical Base: This article has primarily emphasized on behavioral theory. Behavioral theory indicates that employees have to face different kinds of environments at the workplace. With the continuous flow of changing environment, employees have to be accustomed with the upcoming situation. Both the internal as well as the external environment of an organization is ever changing. Employees have to change their behavior with the changing circumstances. Without implementing behavioral theory at the workplace, the employees would never be able to perform well with the rhythmic flow of business. Conceptual Underpinning: This particular article has given emphasis on four types of behavioral strategies including momentum strategy, feedback strategy, inferential strategy and finally anticipatory strategy. Momentum strategy has been considered as the organizations repeated behaviors that are not dependent on the consequence. The key purpose of momentum strategy is to capitalize the continuation of the existing trends in the current market. Feedback strategy depends on the current actions executed by the organization. The action is highly associated with the successful outcomes. Inferential strategy is firmly related to the feedback strategy with a minor difference. The outcome of inferential strategy may be either positive or negative. Anticipatory strategy indicates predicting the actions of others by choosing actions that tends to respond on the prediction. Arguments: The author has provided different classifications of behavioral strategies. In order to highlight various classifications, the author has not emphasized on any specific theory. Some of the contemporaries had made an intense argument regarding these strategies. On one hand, Blaschke, Frost Hattke, (2014) stated that feedback strategy is the most effective strategies among all the behavioral strategies due to a specific reason. The outcome of feedback theory is always positive. Therefore, the strategic managers should use this particular behavioral strategy in order to receive a positive outcome for reaching the organizational goal. On the other hand, Fini et al., (2012) opined that business organization can never be run successfully without accepting the risk factors. Therefore, from this particular point of view inferential strategy can be used within the business process of organization, as this behavioral strategy is possessed with both positive as well as negative outcomes. Methods: In order to conduct a micro-foundation research on the impact of behavioral strategy, the author has used secondary source of data analysis method (Medvedeva, 2012). The entire paper is devoid of any primary source of data. The author has not presented any survey questionnaires or qualitative data analysis in this article (Muethel, Gehrlein Hoegl, 2012). The entire paper is based on the critical analysis on the relevance of different behavioral strategies. Source and Credibility of Evidence: In order to review this particular article, two journals have primarily been used in this study for making a comparative analysis. In the article, Genetic dissection of the zebrafish habenula, a possible switching board for selection of behavioral strategy to cope with fear and anxiety, published by Okamoto, Agetsuma Aizawa, (2012), the author has pointed out the role of suing behavioral strategy in order to cope with fear and anxiety. On the other hand, the article, Examining the relationship between drinking refusal self-efficacy and protective behavioral strategy use on alcohol outcomes established by Ehret, Ghaidarov LaBrie, (2013) has pointed out the impact of feedback strategy in order to understand the relation between drinking refusal efficiency and protective behavioral theory. Place in the Literature: Behavioral strategies have been considered as one of the most significant issues for micro-foundation of management research. By highlighting the numerous classifications behavioral strategies, the author has intended to point out the importance of implementing momentum strategy, feedback strategy, inferential strategy and finally anticipatory strategy within the organization. Based on the review, Sakari Soininen et al., (2013) has pointed out that feedback strategy is considered as the most effective behavioral strategies as it is based on positive outcomes. Theoretical Contribution: Behavioral theory is highly effective in this particular context. As per the changing environment of the organization, managers tend to implement different kinds of organizational strategies and policies (Foss et al., 2012). Behavioral theory allows the employees and the managers to be accustomed with the changing environment and situation. Ability to be Applied by the Managers: Every behavioral strategy is possessed with some of its positive as well as negative effects. It depends on the organizational managers which particular behavioral strategy should be implemented within the process of business. Li et at., (2013) opined that momentum strategy is possessed with some of its major advantages that include high profits with a short period, leveraging the markets volatility, influencing the emotional decisions of other investors. Therefore, this particular strategy would be easier for the managers to apply at the workplace due to these advantages (Sieweke, 2014). Conclusion: The entire study provides detail analysis on the importance of behavioral strategies for running an organization successfully. Different classifications of behavioral strategies have been discussed in this article. Based on the classifications, this study has pointed out the opinion of some of the renowned scholars for making an in-depth review on it. Reference List: Blaschke, S., Frost, J., Hattke, F. (2014). Towards a micro foundation of leadership, governance, and management in universities.Higher Education,68(5), 711-732. Ehret, P. J., Ghaidarov, T. M., LaBrie, J. W. (2013). Can you say no? Examining the relationship between drinking refusal self-efficacy and protective behavioral strategy use on alcohol outcomes.Addictive behaviors,38(4), 1898-1904. Fini, R., Grimaldi, R., Marzocchi, G. L., Sobrero, M. (2012). The determinants of corporate entrepreneurial intention within small and newly established firms.Entrepreneurship Theory and Practice,36(2), 387-414. Foss, N. J., Heimeriks, K. H., Winter, S. G., Zollo, M. (2012). A Hegelian Dialogue on the Microà ¢Ã¢â€š ¬Ã‚ Foundations of Organizational Routines and Capabilities.European Management Review,9(4), 173-197. Li, Q., Maggitti, P. G., Smith, K. G., Tesluk, P. E., Katila, R. (2013). Top management attention to innovation: The role of search selection and intensity in new product introductions.Academy of Management Journal,56(3), 893-916. Medvedeva, T. A. (2012). Developing an innovative style of thinking and innovative behavior.Systemic Practice and Action Research,25(3), 261-272. Muethel, M., Gehrlein, S., Hoegl, M. (2012). Socioà ¢Ã¢â€š ¬Ã‚ demographic factors and shared leadership behaviors in dispersed teams: Implications for human resource management.Human Resource Management,51(4), 525-548. Okamoto, H., Agetsuma, M., Aizawa, H. (2012). Genetic dissection of the zebrafish habenula, a possible switching board for selection of behavioral strategy to cope with fear and anxiety.Developmental neurobiology,72(3), 386-394. Sakari Soininen, J., Puumalainen, K., Sjgrn, H., Syrj, P., Durst, S. (2013). Entrepreneurial orientation in small firmsvalues-attitudes-behavior approach.International Journal of Entrepreneurial Behavior Research,19(6), 611-632. Sieweke, J. (2014). Pierre Bourdieu in management and organization studiesA citation context analysis and discussion of contributions.Scandinavian Journal of Management,30(4), 532-543.