Importance of Critical Thinking in Business

Personally speaking, critical thinking is an undervalued and underutilized tool. When confronted by a problem with another person, most people just react. In these situations, I have learned to take a step back, take an objective look at the situation, and make an informed judgment/decision. By applying critical thinking to my personal life, friendships, marriage, and my relationship with my children will have a greater chance of success and less negative confrontation.

Her insights aren’t exactly revolutionary. Certain economic and environmental analysts and activists have known this for a long time. She tells how both undergraduate and graduate business programs have been changing their curriculum accordingly. Top ranking business programs like Harvard, Stanford, and Wharton have been taking a more interdisciplinary approach–teaching ethics, “critical and integrative thinking,” and sometimes history and literature alongside courses you’d expect to find in an MBA program.* The idea, according to author and Harvard business school professor Roger Martin, is to, “teach more about how to be a well-rounded human being who happens to be

Although the many roles of a business professor are difficult to determine, Mercer University’s mission statement provides a surprisingly thorough account of these roles. The mission statement, “to teach, to learn, to create, to discover, to inspire, to empower and to serve,” may not seem like a description of the roles, but one would struggle fruitlessly to think of a great business professor who did not fulfill these roles. The importance of these roles is undeniable, however, among these roles, learning is especially important and is also the most appealing to me. This appeal is due not only because learning is the precursor for other roles, but also because of my personal adoration of learning.

1.“In Cromwell’s alumni magazine, I read about a research study that showed that in their first two years after graduation, 78% of legacies donated a total of $100 or more to Cromwell”

Hours upon end are spent, face buried in a laptop or newspaper, analyzing stock dividends and bonds yields. Warren Buffett books and Wall Street Journal editions - a glimpse of the night stand that has well deservedly earned me the label “business nerd” by family and friends. I have, if not an obsession, a passion for studying finance. Aspiring to work in Investment Banking, I applied to Ross as it provides excellent exposure to the world of finance through premiere recruiting opportunities and a well-constructed business curriculum that merges the science of economics with the cultivation of leadership. At Michigan, freshman students are subject to a liberal arts curriculum, which I believe can benefit me in becoming a well-rounded student. Although I have a passion for finance, I cannot imagine isolating my studies to one subject for four years of school. In my Sophomore year, I would dive into financial studies such as accounting and business strategy; but Ross also emphasizes the ‘positive decisions’ course, which interests me because it acknowledges the impact that economic decisions have on society. Coming from a middle class background, I find it important to acknowledge the effect that the cost of living or price of gas have on family finances. Ross’s Junior and Senior curriculums step past the theoretical studies of economics and into the real world application of business skills, such as ‘communication strategy’ and ‘corporate strategy.’ I believe exposure to a collaborative environment in these years can assist me in cultivating a team

Edward Ray uses examples of large businesses to show that a degree in the liberal arts is important. Teamwork and critical thinking are two of

As a professional in healthcare for sixteen years, there is great value in capitalizing on my expertise to enhance the quality of my work and interactions in the organization. Over the years, I have worked in various fields of nursing such as long-term care, acute rehabilitation, research, hospice, agency work as needed at psychiatric, acute and long-term care facilities throughout the state, neuro acute care, step-down, informatics, and risk management. The majority of my career was spent at the bedside on the neuro acute care unit at a level one trauma center as the charge nurse. The purpose of this paper is to discuss my critical thinking for decision-making and problem-solving as a professional in healthcare, reflect on the three most important elements of personal and professional etiquette, identify my communication strengths and weaknesses, identify strategies to stay on-task and on-time, and discuss my professional goals.

A crucial skill in critical thinking is learning to distinguish inference from assumption. An inference is an act of concluding that something is true or seems to be true. An assumption is an act of assuming something based on previous beliefs. Everyone has their own point of view, therefore, they have different assumptions about what the see. For example, if two people see an overweight person at the gym, one might infer, "There's a lazy person." The other might infer, "That person is taking control of their health." These inferences are based on different assumptions about the conditions under which overweight people end up in the gym; these assumptions are connected to the point of view about people that each has formed. The first person

An intellectual environment is essential for any prominent business school. The core intellectual capital of the School of Business is nurtured within our academic departments. Our ability to assume a leadership role in business education is directly related to the quality and influence of our research. This research, in turn, is directly affected by the school’s intellectual environment.

Mark Edmundson’s New York Times piece, Bennington Means Business, provides an alumnus’ narration of the overhaul of Bennington College in 1994. The piece also provides an ideal model of an organization in change, which elucidates the undercurrents of educational leadership theory that commonly materialize in more nuanced and less pronounced ways. First, attention will be paid to the symbolism of Bennington College, particularly as chronicled by Edmundson. Then, the natural selection view of organizations will be discussed in relation to Bennington’s decline. The intercession of Liz Coleman highlights themes of the political frame, organizational structure, and leadership styles to be analyzed further and

In today’s current school systems, the question of whether or not schools are correctly teaching students the right curriculum is coming up for debate. In the Article,"Teaching Critical Thinking by Marcia Clemmitt, she goes into extensive research of the U.S. Department of Education’s crisis of standardized testing. Most learning activities include standardized testing which lacks many students to express creative and critical thinking. Critical thinking is defined as the examination and evaluation of ideas, events and arguments in their contexts which introduces students to interrogate assumptions and identifying biases (Clemmitt)Pure critical thinking involves investigating a text more than just memorizing, but to apply theirself in other ways of techniques, meaning schools should stimulate more analytical methods of teaching. This would not only free students from a sheltered test culture,but will allow students to think in a deeper,more passionate way than before.

I think critical thinking is important because it means reasoning, evaluating, analyzing, decision-making, and problem-solving. We need critical thinking in our everyday life, for us to make any little decision we need to think about it wisely, and how it will affect us. Someone with critical thinking skills can understand the logical links between ideas. For example, during my night shift at the ER, we use triage, which is to decide who is the most urgently in need, and whose injuries are less severe and can

Cohen, W. A. (2008) A Class with Drucker, The Lost Lessons of the World's Greatest Management Teacher

We as college students are constantly bombarded with questions of what we want to do with our education and what we are looking to take from our experience in higher education, but I say are our hundreds of thousands of dollars really being justified based on what educators are teaching us. Yes, math, science, and art history, are all well and good but what are the real life takeaways I am going to use in my occupation? Here is a thought how about colleges and universities start teaching us critical thinking skills, how to collaborate and work under a master, and how to understand human being and empathy? Personally, I want to start being exposed to these areas in particular. In order to improve higher education and to justify it’s luxury pricing,

The purpose of this research paper is to prove that Howard Schultz is a great business leader by exploring his applications of business concepts to the real business world in the past. The reason this research is important is because we can achieve better understandings in business management course concepts.