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When engaging in risk analysis, critical thinking is vital. It is important to “maintain focus on purpose: Why to examine this, and what is the issue at hand?”(Norman, 2016, p.43) In this stage, management needs to brainstorm key questions to be answered in the analysis and observe the implications of different points of view.  “Using what-if scenarios can be useful. In addition to thinking about the possible consequences of a major decision, it is also important to think about how difficult it may be to unwind a decision if does not go according to plan” (Langmeier, 2019). That way every angle in protecting the asset will be analyzed and organizations will be more successful in protecting it.

Risk management needs a sturdy plan to address all the possible situations that harm an asset. Critical thinking plays a vital role in understanding the types of risks and preventative methods. "Critical thinking enables business leaders and professionals to analyze and synthesize business dynamics with inherent variability and the unknown inter-dependencies among sources of risks that could have an effect on the delivery of business goals or objectives" (Zhu, 2022). With critical thinking, logical reasoning and systematic methodologies are implied. This ensures that the business value is being understood and that every blind spot is carefully analyzed. 

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Critical thinking ideas and exercise apply a structure of control to the thinking process that hekps guarantee that all relevant data, evidence, point of view, assumptions, biases, and prejudices are considerd; and the conclusions are well examined and thorough. Critical thinking also helps guarantee that those conclusions are not wrong, based off of incomplete or inappropriate data, or on preexisting biases; and the possible unintended consequences considered. Now, critical thinking is not based on a fixed set of procedures but on concepts and principles. Its consistency helps guarantee that it can be modify to a lot of different kinds of situations and will always help accomplish the best possible outcome. Critical thinking also helps accomplish the best possible outcome,. Critical thinking also helps to guarantee that personal weakness, prejudices, or personal agendas are not redirected as part of a conclusion. It can be used in any field where the quality of conclusions is important, particularly where the application of those conclustions can affect how organizations and people work, live and interact

      "Critical thinking is important because it enables on to think about a problem more completely and to consider many factors that may not be intuitively apparent." (Norman, 2016, pg. 71) Critical thinking also helps to guarantee the results of thinking about the problem are cleverly honest and objective in nature. In addition, the conclusion reaching process is most likely to entail the consideration of factors that may likely be missed otherwise, consequently helping to guarantee that the conclusions reached are throughly considered. Critical thinking is very important to appy to risk abalysis processing because, it assures that conclusions are all relevant to the issue under consideration, it helps the thinker reach conclusions that are true to the purpose of consideration of the issue, it helps assure that relevant theories, definitions, axioms, laws, principles, or models underlying the issue are considered in their proper context, and reduces the likehood of personal biases, prejudices, self-deception, distortion, misinformation, and so on be injected into the conclusion process.