Critical Thinking And Problem Solving

1526 Words7 Pages
Critical thinking and problem solving are reliable skills for every manager and supervisor across all levels for any business or company. The ability to predict, identify and quickly resolve problems arising out of daily operational issues has become important to keep pace with the changing business requirements. Critical thinking is that mode of thinking about any subject, content or problem in which the thinker improves the quality of thinking by skillfully analyzing, assessing and reconstructing it. Critical thinking is self-directed, self-disciplined, self-monitored, and self-corrective thinking which entails effective communication, problem-solving abilities and its typical standard approach is to look for a solution that resolves…show more content…
recession s time of depressed wages and high unemployment. Canada had a stronghold of economic opportunity or it seemed during this time because banks were healthy, house prices were rising and consumers were spending more on wants than needs. Less than two years later, the corporate based giant began pulling out of Canada after a large $2.5 billion dollar loss and 133 stores closed across the country. This significant loss affected 17,600 jobs and a huge $5.4-billion write-down for the U.S. parent company. 124 Target stores during the first year had problems with inventory control which left store shelves bare causing the stores to struggle and keeping needed items in stock which lead photos appearing on social media showing the empty aisles. Targets CEO, President and Chairman Gregg Steinhafel resigned from all his positions following the massive data breach and the troubled launch of its entry into Canadian markets. After his resignation, the company appointed its CFO John Mulligan as interim CEO and outside options for the position. During the transition Target appointed PepsiCo executive Brian Cornell as its CEO that took over responsibilities as the chairman of the board and chief executive officer. Cornell had experience in retail, especially his expertise in areas of fashion and home decor which made a strong name for Target in the U.S. Target 's problems were much deeper than its focus on apparel
Open Document