Conduct credible academic research and in a 500 word essay, explain the role of critical thinking in business

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Business Finance



Conduct credible academic research and in a 500 word essay, explain the role of critical thinking in business.

  • What is the process involved in formulating a business problem?
  • How does critical thinking differ from creative thinking?
  • What role do personalities play in critical thinking?


  • Develop a formal 500 word essay
  • Your essay should include an introductory paragraph and a conclusion.
  • Follow APA format for structure. An APA template is attached here. Support your essay with 3 credible, academic references beyond the course materials. Please note Wikipedia, Investopedia and similar general websites are not credible academic references.

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Running head: SHORTENED VERSION OF TITLE Full Title of Your Paper Here Your Name School or Institution Name (University at Place or Town, State) 1 SHORTENED TITLE HERE IN ALL CAPS 2 Your Full Title of Your Paper Hit the tab key one time to begin the main body of the paper. The paragraphs of the main document are indented. The computer will wrap your text for you based upon the margin settings established by this document template. It is not necessary for you to hit the Enter or return key at the end of a line of text. Only hit the enter key (one time) when you reach the end of a paragraph. Then hit the tab key to indent and then continue typing the paper. In APA any source that you use in your paper must have an in-text citation. In APA these citations include the author’s last name and the year of the publication in parentheses (Name, Year). SHORTENED TITLE HERE IN ALL CAPS References Lastname, C. (2008). Title of the source without caps except Proper Nouns or: First word after colon. The Journal or Publication Italicized and Capped, Vol#(Issue#), Page numbers. 3
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Explanation & Answer



Role of Critical Thinking in Business
Institution Name


Role of Critical Thinking in Business
Decision making is a very important factor in determining the success of any business.
To make good decisions, managers and employees require critical thinking. Critical thinking is
an analyzed and objective way to think about a problem (Williams, 2002). As such, people who
use critical thinking employ the use of logic and reasoning. Critical thinking forces the
employees and managers to look at the situation and weigh all the available alternatives before
coming up with an informed decision or solution to a problem (Schoenberg, 2016). Critical
thinking does not make any assumptions and, therefore, avoids the temptation of classifying
issues under some previous situations (Williams, 2002). In this way, critical thinking triggers
innovation and creativity as employees and managers are able to explore new solutions to
problems. Critical thinking is a process that involves six distinct steps. The first step is
knowledge. Knowledge is gained through research. The knowledge gained through research
helps in evaluating and understanding the problem (Kallet, 2014). The secon...

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