Homework
Business leaders are often faced with situations that require swift but responsible decisions. You've learned how critical thinking is more than simply evaluating the pros and cons of a situation. It is a method that engages broad thinking abilities that include brainstorming, data analysis, creativity, collaboration, and reflection. The ability to adapt to ever-changing conditions through critical thinking and decision making is key to capitalizing on market upturns and staying afloat during economic declines.
Prompt
For this homework, analyze the diversification strategy of either Disney or Kimberly-Clark using the documents linked below. Explain how critical thinking applies to decision making based on your review of a real-world scenario. Specifically, you must address the following criteria:
I. Application: Explain how critical thinking for decision making is applicable to the scenario. Use evidence to support your explanations.
i. What makes critical thinking crucial for decision making?
II. Analysis: Explain how information (such as facts, opinions, and published reports) is used to determine or establish the context. Use evidence to support your explanations.
i. Why do you think the company reached the decision to diversify?
ii. What steps do you believe were taken? Explain your response using sources found during the research of your selected company.
III. Conclusion and related outcomes: Describe the role of logic, evidence, and arguments in the company's decision-making process.
i. Was the decision to expand products, services, or value chain successful? Why or why not?
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.