Reference no: EM133219678

Question: Business leaders are often faced with situations that require swift but responsible decisions. Adapting to ever-changing conditions through critical thinking and decision-making is key to capitalizing on market upturns and staying afloat during economic declines. Having 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.

For this assignment, analyze the diversification strategy of Disney using the documents linked within Soomo webtext. Explain how critical thinking applies to decision-making based on your review of a real-world scenario. Specifically, address the following :

Application: Explain how critical thinking for decision-making can be applied to the scenario. Use evidence to support your explanations.
What makes critical thinking crucial for decision-making?
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.
Why do you think the company decided to diversify?
What steps do you believe were taken? Explain your response using sources found during the research of your selected company.
Conclusion and related outcomes: Describe the role of logic, evidence, and arguments in the company's decision-making process.
Was the decision to expand products, services, or value chain successful? Why or why not?
Choose one of the following to focus on for this assignment and review the corresponding document provided in the Soomo webtext.