Crirtical Thinking in Management

In: Business and Management

Submitted By lynne6026
Words 1022
Pages 5
Introduction Critical thinking is a rational disciplined procedure of conceptualizing, applying, analyzing, synthesizing, and evaluating information gathered from observation, experience, reflection, reasoning, or communication, as a guide to belief and action. In its exemplary form, it is based on universal intellectual values that transcend subject matter divisions: clarity, accuracy, precision, consistency, relevance, sound evidence, good reasons, depth, breadth, and fairness (Critical Thinking, 2009). According to the Foundation for Critical Thinking, Critical thinking can be seen as having two components: 1) a set of information and belief generating and processing skills, and 2) the habit, based on intellectual commitment, of using those skills to guide behavior. It is thus to be contrasted with: 1) the mere acquisition and retention of information alone, because it involves a particular way in which information is sought and treated; 2) the mere possession of a set of skills, because it involves the continual use of them; and 3) the mere use of those skills ("as an exercise") without acceptance of their results (Critical Thinking, 2009). This paper will offer insight into the benefit and importance of critical thinking in the workplace.

The Importance of Critical Thinking A manager is expected to make numerous decisions that to some degree will have future repercussions on her department; perhaps the entire organization. A manager needs to ‘Act’, not ‘React’ when faced with these matters. Johnson & Johnson, a world recognized health care company, experienced severe financial loses toward the end of their fiscal year 2007 that carried into fiscal year end 2008. Johnson and Johnson company leaders were disheartened by these figures; however, after reviewing variables, unstable domestic and international financial market, political issues, and…...

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