Analytical Thinking

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Analytic AnalysisAudience: Internal 4imprint, Inc. Training

Presented by: Jim Simone, VP of Business Development, 4imprint, Inc.

Date: 1st Quarter of 2020

Analytical Thinking & Analysis

A. The Elephant in the Room

B. What is Analytical Thinking and Why Use It

C. Kinds of Analytical Skills and Activities

D. Analytical Thinking Involves…

E. Analytical Thought Process, Thinking & Styles

F. Types & Examples of Analytic Analysis in Action

G. Ways to Improve Your Analytical Thinking

H. Analytical Thinking Summary Video (run time @ 5 minutes)

I. Brain Teasers & Some Great Analytical Thinkers References

J. Questions & Thank You

Ten Subject Matters To Review

Analytical Thinking & Analysis

A. The Elephant in the Room

© 2012 Ericsson, Inc. Advance Problem Solving

Analytical Thinking & Analysis

“Analytical thinkers use knowledge, facts, and information to make sure they get things right. Those with an analytical mind rarely jump to

conclusions. They are knowledgeable about their subject and thorough in looking at all the facts

before making a decision.”https://www.learning-mind.com/highly-analytical-mind/

B. What is Analytical Thinking?

Analytical Thinking & Analysis

B. Why Use Analytical Thinking?

Use Analytical Thinking to:

Learn about a problem, develop an opportunity and/or reach a goal

Collect and analyze information

Problem-solve

Make decisions

Improve overall productivity & successes or discover something new

Use analytical thought to help detect patterns, use in brainstorming, observing,

interpreting data, integrating new information, theorizing, and making decisions

based on multiple factors and options that are available.

Analytical Thinking & Analysis

Analytical thinking helps you to break down complex information or a series of comprehensive information. It allows you to use methods and skills to analyze a problem and come to an answer, solution or next best steps.

Five major skills and some activities include:

Communication … Group Productivity, Active Listening, Surveying, Teamwork, Presentation

Creativity … Budgeting, Brainstorming, Optimization, Problem-solving, Strategic Planning, Integration

Research … Investigation, Metrics, Data Collection, Prioritization, Taking Inventory, Accuracy

Critical Thinking … Process, Benchmarking, Reasoning, Judgment, Priority, Troubleshooting, Details

Data Analysis … SWOT, Financial Analysis, Policy Analysis, Qualitative & Quantitative Analysis, ROIhttps://www.thebalancecareers.com/analytical-skills-list-2063729

C. Analytical Thinking Skills

Analytical Thinking & Analysis

D. Analytical Thinking Involves…

https://slideplayer.com/slide/5944802/20/images/4/Analytical+thinking+Involves%3A+Being+open+minded%3A.jpg

Analytical Thinking & Analysis

E. Analytical Thought Process

Collect Data: The 1st step is to gather relevant information, which includes assessing the value of the data and eliminating extraneous data.

Dissect Data: Break down all relevant data into smaller parts.

Explore Relationships: Examine the parts to find connections and relationships. Analyze the data and variables to understand how they’re connected and interact. Look for patterns and trends. Conduct a cause and effect in a systemic manner to understand the variables and their relationships. This gets you to begin to think about different implications.

Develop Solutions: Make inferences from available information and draw logical conclusions. After you have thought about potential implications, you can start to formulate theories on what might happen as the variables change. Test your theories where you can to confirm your understanding of issues and drivers behind the issue. After you understand the information start to develop potential solutions and use logic and data to support your solution and remember to evaluate them to determine if they will solve the issue. http://thepeakperformancecenter.com/educational-learning/thinking/types-of-thinking-2/analytical-thinking/

Analytical Thinking & Analysis

https://www.cognadev.com/strategic-thinking-where-to-look/analytical-thinking-systems-thinking

http://thepeakperformancecenter.com/educational-learning/thinking/types-of-

thinking-2/analytical-thinking/

E. Analytical Thinking & Styles

Analytical Thinking & Analysis

► Project Management, Leadership, Industry-Specific Learning

► Organizational Behavior, Consumer Behavior, Data Mining

► Scientific Methods, Time Management, Numeracy Skills, KPI’s

► Risk Management, Identifying Cost Savings, Scatter Plots

► Financial Management, Inferential Statistics, Large Data Analysis

► Principal Component Analysis, Segmentation, Social Analysis

► Structured Data Analysis, Technical Analysis, Demographics

F. Types of Analytic Analysis in Action

Analytical Thinking & Analysis

• Analyzing and explaining risks

• Designing & implementing initiatives

• Allocating resources

• Anticipating & preventing errors

• Analyzing markets

• Using & managing information systems

• Assessing opportunities & competition

• Evaluating the effects of initiatives

• Identifying & analyzing emergent concerns

• Developing data security protocols

• Evolving long term goals and plans

• Communicating effectively with team members

• Evaluating customer service

F. More Analytic Thinking in Action Examples

Analytical Thinking & Analysis

Analytical Thinking Process:

https://www.quora.com/How-would-you-express-your-analytical-skills-with-examples

G. Process // Ways to Improve Your Analytical Thinking

Analytical Thinking & Analysis

H. Analytical Thinking Summary Video

Analytical Thinking & Analysis

I. Brain Teasers & Some Great Analytical Thinkers

19 BRAIN TEASERS TO TEST YOUR ANALYTICAL SKILLShttps://www.youtube.com/watch?v=tCdRuCmZFOg

13 LOGIC PUZZLES TO TEST YOUR ANALYTICAL SKILLShttps://www.youtube.com/watch?v=4Qq8hzfEmwg

Who Did It? 😧 9 Crime Scenes and Riddles That'll Puzzle You To The Max 😉https://www.youtube.com/watch?v=h5-765HxhwY

SOME GREAT THINKERS:https://www.biographyonline.net/people/famous/great-thinkers.html

Albert Einstein (1879 – 1955) Revolutionized modern physics with his general theory of relativity.

John Maynard Keynes (1883 – 1946) one of the most influential economists of the Twentieth Century.

Alan Turing (1912 – 1954) – Computer scientist and code breaker.

Rachel Carson (1907 – 1964) American conservationist. Rachel Carson was a pioneering environmentalist.

Questions?

THANK YOU!

Analytical Thinking & Analysis