Critical business skills

Critical Business Skills Students Name Institutional Affiliation Course Code and Name Instructors Name Date Critical Business Skills When running a business, it is important for managers to apply critical thinking skills to ensure that every decision they make is for the betterment of the organization (Hill, 2022). The absence of critical thinking can result in decisions that undermine organizational goals, resulting in the failure of the business. An example of how critical thinking can help organization is through Disney’s case. Disney decided to implement technological innovation, create high quality content and expand in the global market. Therefore, the following is an analysis of how critical thinking applies in this decision, the importance of information in the context and whether the decision was successful. Critical thinking applies to the scenario because the management has identified the importance of expanding in the global market. In order to compete in this market, there is a need to implement technological innovation as other companies are doing. It is also important to create high quality content because it would have a competitive edge in the market. Critical thinking is crucial for this decision because the global market is highly competitive (Hill, 2022). Therefore, before venturing in it, bus...