Critical Thinking in Business

GRABMYESSAY.COM OFFERS TO EVALUATE SAMPLES OF VARIOUS TYPES OF PAPERS
Senior (College 4th year) ・Management ・APA ・3 Sources

Application of Critical Thinking in a Business

When individuals or business face problems, taking the right decision is essential. The current dynamic business environment requires every organization to enhance and develop the concept of critical thinking to their workforce to remain competitive and productive. Critical thinking concept assists the firm to identify the benefits and dangers of the possible outcome of a situation, valuing each of them based on the forecasted goals or objectives. According to Chaffee (2014), critical thinking focuses on measuring the soundness of beliefs and assumptions through the use of different cognitive skills such as problem analysis, interpretation, evaluation, inference, and explanations.

Critical thinking in the current businesses plays vital roles such as making an organization capable of tackling new challenges. It promotes creativity and innovation where the firm through its employees come up with creative solutions to the emerging problems by evaluating new ideas and choosing the best one to acquire a competitive edge (Goetsch & Davis, 2014). Again, the skills of critical thinking enable the employees to have a more efficient plan, solve problems more professionally, and handle the ever-increasing flow of digital information. Finally, Goetsch & Davis (2014) asserts that the application of critical thinking in the business results in making better-informed decisions with fewer mistakes, which improves the level of partnership among people. As a result, it enhances team advancement, where, during the decision-making process, the whole team gets involved.

In business, mere formulation of a problem is essential than its solutions. According to Bryman & Bell (2015), problem formulation is the creative steps towards overcoming an issue other than solving it. The initial process of problem formulation is choosing an area of interest, to this case, selecting the business area that is problematic. The second step is narrowing down to the particular problem through critical thinking and adequate research. Another step is writing the problem formulation, and determining whether the question can be answered. Finally, double check the raised question and sub-question by determining whether the question is answerable.

Critical thinking and creative thinking are two contradicting expressions with different meanings. The concept of creative thinking is a way of looking at situations or issues from a new perspective to conceive something original or new (Goetsch & Davis 2014). It means, concentrating on generating something new by disregarding the accepted principles. On the other hand, critical thinking is the sequential and logical disciplined process of analyzing, rationalizing, evaluating and interpreting information to make informed and correct decisions or judgments (Chaffee, 2014). It seeks to assess the validity or worth of something in existence by applying the accepted principles.

Individual’s personality plays a substantial role in critical thinking as every person’s understanding and thinking level vary. Studies have affirmed that critical thinking is a combination of individual attitude, knowledge, and performance, which are personal traits. For instance, people with the trait of agreeableness does not differ with others, which means, they do not question the obvious, or conduct analysis and evaluation of the existing facts. On the other hand, knowledgeable people are curious about digging deep into the current information to acquire a substantial basis, making them real critical thinkers (Chaffee, 2014).

Critical thinking is an essential process, which leads to the informed and analyzed conclusion by proper use of cognitive skills. The application of the skills can be made in various contexts to measure the soundness of a given hypothesis or idea presented as the answer to an issue. Both creative and critical thinking can work together although they are distinct when business problems demand innovative and advanced solutions. The application of critical thinking in the organizations results in tackling new challenges, making better decisions, and improves the partnership or teamwork among the employees.

References

  1. Bryman, A., & Bell, E. (2015). Business research methods. Oxford University Press, USA.
  2. Chaffee, J. (2014). Thinking critically. Cengage Learning.
  3. Goetsch, D. L., & Davis, S. B. (2014). Quality management for organizational excellence. Upper Saddle River, NJ: Pearson.
Get a price
Academic level
Urgency
Pages *275 words
Total price

Prices that are easy on your wallet

Our experts are ready to do an excellent job starting at $14.99 per page

What Clients Say About Us
Our Customers Rated UsGreat
4.9
Out of 5 Based on 14 Reviews
I experienced difficult times trying to complete huge number of assignments to my university at the same time and you, guys, literally saved me. Everything was done in time and on the highest level! I really appreciate your help.
Edward,
Essay, History, 12 pages, 7 days, Master's
First time when I placed an order with you, I just lacked time to do all the homework and it was a lot going on in my family. But today I’m doing it sometimes just for fun – I really enjoy communicating with your Customer Support members and just letting myself being a bit lazy
Yuong Lo Mui,
Literature review, IT, 17 pages, 4 days, Master's
My GPA is 4.0 and I’ve always been doing everything myself, but there is a class which I was about to fail thus my GPA would decrease first time in so many years. I ordered few assignments to be completed with GrabMyEssay.com and you did a great job! Thanks to you I still remain one of the best students on campus.
Rosalinda,
Essay, Politics, 8 pages, 5 days, Junior
I am not used to such services and I usually write all the papers by myself. But this time I got in a very difficult situation and had to order my paper on this website. To my surprise it appeared to be quite good. Thank you, it is really nice service. Think I'll get back to you soon!
Jeremy,
Thesis, Management, 34 pages, 14 days, Master's
I am on my maternity leave now, so I spend a lot of time at home taking care of my little son. I’ve decided to get one more higher education degree while I’m spending so much time at home and applied for distance learning in one online college. But caring a baby takes even more time then I excepted so I’m the way too busy to write the complicated masters level research works, but GrabMyEssay.com is so-so-so cool! Thank you for that you exist! I don’t know what I would do without you all!
Karen,
Essay, Education, 15 pages, 8 days, Master's
I am studying and working at the same time and it is difficult to cope with university assignments as I am very tired after the work day. You service is a salvation for me as it helps to do everything on time. I am really happy about it. Wish you everything the best! Especially my lovely writer 109!
Desmond,
Coursework, Religion, 11 pages, 7 days, Master's

Do not know exactly what you need?

We at GrabMyEssay.com

work according to the General Data Protection Regulation (GDPR), which means you have the control over your personal data. All payment transactions go through a secure online payment system, thus your Billing information is not stored, saved or available to the Company in any way. Additionally, we guarantee confidentiality and anonymity all throughout your cooperation with our Company.

Try our service with 15% Discount for your first order!   Try our service with 15% Discount for your first order!   Try our service with 15% Discount for your first order!  

Order Now