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BUSINESS QUESTIONS AND ANSWERS

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Question One

Critical thinking involves making sound judgments and reasonable decisions. it consists of thinking something through before making the final decision. Critical thinking impacts a person in that he or she does not necessarily accept all arguments and judgments presented. Critical thinking is essential for organizations and leadership. For one, they are in a position to make more informed decisions. It ensures that the decisions of the organization are effective and enjoyable. Critical thinking is essential for managers and subordinates. This influences the success of the organization. A leader can impact critical thinking in the subordinates by leading as an example. He or she can utilize critical thinking as a strategy and influence the employees of the organization to do so too. Critical thinking impacts self-development by affecting the way the leader makes their decisions.

Question Two

Organizations employ different strategies to enable and impact growth. One of the strategies employed is known as management objectives. This strategy aims at improving and influencing the performance of an organization through the goals and objectives. Management objectives enable a clear definition of the objectives of an organization (both employees and the management team). Management objectives help influence clarity and increase the earnings of the organization. It is crucial to understand that setting goals and objectives ensures employees and the organization is working towards the same goal. Management objectives can ensure the attainment of goals and objectives within an organization. In essence, management objectives serve to unite and centralize the organization. The best way to develop objectives is by understanding and identifying the most critical ones and separating them from the less-critical ones. It is also important to ensure that these objectives align with the mission and vision of the organization.

Question Three

Organizational culture encompasses a lot of things when it comes to an organization. It involves the organization’s expectations, philosophy, experiences, and values that guide the members of the organization. Organizational culture also affects the social interaction of the organization with the community as well as their future expectations. It is essential to note that corporate culture is based on customs and shared beliefs of people. The organizational culture impacts the employees of the organization. It unites them and ensures that they are working towards a common goal and direction. There are different organizations with superb organizational cultures. For instance, Warby Parker has a culture aimed at teamwork and collaboration. This team is committed to creating projects and programs that influence the success of the organization.

Question Four

By 2025, millennials will present 75% of the working population in the world. Organizations need to motivate and manage millennials. This can be done in different ways. For one, capitalizing on their desire for new challenges. Millennials are motivated and energetic. Organizations can capitalize on this and benefit both the millennials and their organization. Secondly, organizations can give feedback and support through social media platforms.it is essential to note that this is a technological era. Millennials are more focused on internet platforms. Organizations can utilize this to establish millennials and, at the same time, influence success. Lastly, organizations can offer millennial good work balance to effect development and success.

 

 

 

 

 

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