Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Cognitive Psychology is another school of thought which examines the internal processes or cognition and attempts to study the thought processes, memory and the stages involved in cognitive development on a long term basis.
The two crucial characteristics of Cognitive Approach which differentiates the Cognitive Psychologists from other schools of thought have been described below:
The main goal of Cognitive Psychology is to study how humans acquire and put to use the acquired knowledge and information mentally just like a computer processor. The main presumption behind cognitive theory is that solutions to various problems take the form of heuristics, algorithms or insights. The key areas of research interest in Cognitive Psychology are memory, attention, perception, learning, thinking, language, categorization, etc.
Though research evidences prove that researchers have undertaken research work previously on cognitive approaches, but Cognitive Psychology gained its importance as a subfield of psychology during late 50s and 60s. The field of cognitive psychology is heavily influenced by the developments in the field of computer science and technology.
Donald Broadbent in his book “Perception & Communication” in 1958, propounded information theory in which he unleashed newer insights and led the development of a new model of cognition involving information processing. Ulric Neisser coined the term “cognitive psychology” in one of his published books in 1967. The foundation of this approach was laid in the Gestalt psychology in the works of Max Wertheimer, Kurt Koffka, Wolfgang K hler and Jean Piaget, who tried studying the intellectual studied intellectual advancement and growth in children.
Although Cognitive perspective is not the brainchild of any one researcher or thinker, Noam Chomsky (1928), has a significant part to play with his far-sighted findings on the cognitive revolution. The American Linguist was quite dissatisfied with the perspective of behaviourism and considered the behaviourism to be short sighted. He believed that in order to provide a meaningful interpretation to the psychological predispositions, cognition or internal mental state should be integrated along with the behavioural patterns (Miller, 2003).
Jean Piaget is known for his contributions towards the stage theory of cognitive advancement, which describes how children progress in terms of logical and scientific thinking over a period of time. As the children advance to the next stage, a progressive change or development can be seen in their thinking and reasoning capabilities.
Cognitive Psychology studies complex internal or mental processes which involve an analysis of the higher-order brain functioning including problem solving, thinking and language usage. The theory uses diverse range of cognitive tools to describe how humans perceive, interpret and act in response to their surroundings, including decision making and reasoning. Cognitive psychologists equally try to analyze how our emotions like fear and desire, influence our cognitive capabilities and certain times investigate along with the neuroscientists for diagnosing the emotional manifestations and its effect on the cognitive capabilities. Cognitive Psychology has its applications in industrial organizations, management, child development & psychology, education and a lot more fields.
Cognitive Psychology has it’s applications in various other fields related to psychology for resolving psychological issues both in organizational and personal context.
By becoming better aware of the above 5 crucial processes, people can make informed choices with respect to their social behavioural patterns and learn to control their aggression level in their behaviour by taking out time and thinking of each step as it comes.
Cognitive approach has the advantage of being practically applicable in various fields and is appreciated for relying heavily on scientific techniques or experiments as the main method of research and investigation.
The disadvantage of cognitive approach is that it relies heavily on the cognitive or internal mental processes, which cannot be observed directly. Since the findings are based on the investigation or study of the invisible processes, hence the theory has been criticized for being subjective and lacking the scientific approach, as a result of which the validity of the research findings are questionable.
The theory has also been criticized for not taking into consideration the other factors which influence the behaviour as per Palmer and Hollin. The theory has been labelled as reductionist as the focus is just on 5 cognitive processes like attention, thought, perception, memory and language, while the other factors have been disregarded.
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