One key factor to making good business ideas are by practicing critical thinking on every situation that you encounter. In a business, there are always situations that call for immediate action or decisions. There are also cases where the manager has to make a judgment without following the proper procedure and end regretting the action later.
The presence of critical thinking can be used as a measure to prevent a problem from arising rather than to formulate measures to respond to a crisis situation. The formulation of critical thinking, as well as good business sense does not just happen overnight. It can be achieved through a process. Once it has been established, it becomes easier to use and come up with useful ideas to use in improving your establishment.
The first step when applying the method using critical thinking is to analyze the current situation of the institution. This step is applied to all organizations, from small family ventures, franchise chains, and big corporations. A wrong decision in making the policies with which the business is created can result to a big setback on the operations of the organization.
The assessment phase should be able to produce several facts that can be used or rejected by the management team. Determine the usefulness of the data gathered based on its relativity to the current situation. Once the list is sorted out, it can be process in the next step call exploration or investigation phase.
Use logic to analyze the situation. For example, if the company that you are running has suddenly lost most of the share in just a short period, you have to make several inquiries. Clarification questions should be asked such as if there are employees that know the possible occurrence before it happened and the events that brought about the loss.
The resulting data from the investigation can be used to proceed to the next step. Once data are in, it can also affect the view of the management which could be from optimistic to fearful and despair. All the data gathered from this phase are considered to determine and formulate alternative solutions.
This step can be uncomfortably difficult for most decision makers. For one, they are already aware of the possible consequences each of the alternative may bring. However, this is also an opportunity for the management team to learn new ideas that they can use to develop the existing system through integration.
These opportunities can also lead you to integrate the new alternatives with the current policies you used to manage your organization. This is the last phase of the critical thinking method. Select the best alternative to integrate into the system. You can also use other preventive methods to decrease the impact of negative forces.
There are also unconventional methods that have proven themselves to be effective when applied to the establishment. Despite the danger of risking the future of the company, there are big companies today that have started their operations using unconventional ideas. Examples of risky alternatives that have turned into good business ideas are the social networks that rely on advertisements and attached games for profit, self storage, and the idea of sky writing.
The presence of critical thinking can be used as a measure to prevent a problem from arising rather than to formulate measures to respond to a crisis situation. The formulation of critical thinking, as well as good business sense does not just happen overnight. It can be achieved through a process. Once it has been established, it becomes easier to use and come up with useful ideas to use in improving your establishment.
The first step when applying the method using critical thinking is to analyze the current situation of the institution. This step is applied to all organizations, from small family ventures, franchise chains, and big corporations. A wrong decision in making the policies with which the business is created can result to a big setback on the operations of the organization.
The assessment phase should be able to produce several facts that can be used or rejected by the management team. Determine the usefulness of the data gathered based on its relativity to the current situation. Once the list is sorted out, it can be process in the next step call exploration or investigation phase.
Use logic to analyze the situation. For example, if the company that you are running has suddenly lost most of the share in just a short period, you have to make several inquiries. Clarification questions should be asked such as if there are employees that know the possible occurrence before it happened and the events that brought about the loss.
The resulting data from the investigation can be used to proceed to the next step. Once data are in, it can also affect the view of the management which could be from optimistic to fearful and despair. All the data gathered from this phase are considered to determine and formulate alternative solutions.
This step can be uncomfortably difficult for most decision makers. For one, they are already aware of the possible consequences each of the alternative may bring. However, this is also an opportunity for the management team to learn new ideas that they can use to develop the existing system through integration.
These opportunities can also lead you to integrate the new alternatives with the current policies you used to manage your organization. This is the last phase of the critical thinking method. Select the best alternative to integrate into the system. You can also use other preventive methods to decrease the impact of negative forces.
There are also unconventional methods that have proven themselves to be effective when applied to the establishment. Despite the danger of risking the future of the company, there are big companies today that have started their operations using unconventional ideas. Examples of risky alternatives that have turned into good business ideas are the social networks that rely on advertisements and attached games for profit, self storage, and the idea of sky writing.
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