Critical Thinking and Business Analysis Tools and Techniques for solving complex problems

Introduction:

Critical thinking is the ability to analyse, interpret and evaluate information that can identify and solve business problems. Business analysis enables change in an organisation by defining needs and recommending solutions that deliver value to stakeholders. Both skills are essential for professionals who want to succeed in today’s dynamic and competitive business environment.

This course will teach you how to apply critical thinking and business analysis techniques to various scenarios and challenges. You will develop your logical reasoning, creative thinking, systems thinking, decision-making, and communication skills. You will also learn to work with stakeholders to understand their needs, expectations, and perspectives. You will use various tools and frameworks to analyse problems, generate ideas, evaluate alternatives, and present solutions.

  • The role and responsibilities of the corporate board in ensuring ethical and sustainable business practices
  • The importance of stakeholder engagement and communication in building trust and reputation
  • The key dimensions of sustainability: environmental, social and governance (ESG)
  • The global frameworks and standards for sustainability reporting and assurance
  • The risks and opportunities of sustainability for business performance and competitiveness
  • The challenges and trends in the global sustainability agenda, such as climate change, anti-globalization, Covid-19 and net zero emissions

This course is designed for professionals who want to enhance their critical thinking and business analysis skills. It is suitable for anyone who is involved in or interested in problem-solving, decision making, innovation, change management, project management, or business development.

  • Define critical thinking and business analysis and explain their importance and benefits.
  • Identify and avoid common pitfalls and biases that affect critical thinking and business analysis.
  • Apply various critical thinking and business analysis techniques to different situations and contexts.
  • Use appropriate tools and frameworks to analyse problems, generate ideas, evaluate alternatives, and present solutions.
  • Communicate effectively with stakeholders and collaborate with others to solve complex problems.

Day One:

Introduction to Critical Thinking and Business Analysis

  • What is critical thinking and why is it important?
  • What is business analysis and why is it important?
  • How are critical thinking and business analysis related?
  • What are the benefits of critical thinking and business analysis for professionals?
  • What are the challenges of critical thinking and business analysis in today’s business environment?
  • What are the common pitfalls and biases that affect critical thinking and business analysis?
  • How can we overcome them?

Day Two:

Critical Thinking Techniques

  • What are the elements of critical thinking?
  • How can we use logic, arguments, evidence, and assumptions to analyse information?
  • How can we use creative thinking to generate new ideas and perspectives?
  • How can we use systems thinking to understand the big picture and the interrelationships among components?
  • How can we use decision trees to visualise the possible outcomes of different choices?
  • How can we use root cause analysis to identify the underlying causes of problems?

Day Three:

Business Analysis Techniques

  • What are the stages of business analysis?
  • How can we define the problem or opportunity clearly and accurately?
  • How can we identify the stakeholders and their needs, expectations, and perspectives?
  • How can we elicit, analyse, validate, and document the requirements?
  • How can we generate, compare, select, and recommend the best solution?
  • How can we plan, execute, monitor, and evaluate the solution implementation?

Day Four:

Tools and Frameworks for Critical Thinking and Business Analysis

  • What are some of the tools and frameworks that can help us with critical thinking and business analysis?
  • How can we use SWOT analysis to assess the strengths, weaknesses, opportunities, and threats of a situation or solution?
  • How can we use PESTLE analysis to examine the political, economic, social, technological, legal, and environmental factors that affect a situation or solution?
  • How can we use Porter’s five forces analysis to evaluate the competitive forces in an industry or market?
  • How can we use SMART criteria to set specific, measurable, achievable, relevant, and time-bound objectives or goals?

Day Five:

Communication and Collaboration for Critical Thinking and Business Analysis

  • Why is communication important for critical thinking and business analysis?
  • What are the principles of effective communication for critical thinking and business analysis?
  • How can we communicate clearly, concisely, confidently, convincingly, and courteously with different audiences?
  • How can we use various communication methods (e.g., written reports, oral presentations) to convey our findings or proposals?
  • How can we use feedback to improve our communication skills?
  • Why is collaboration important for critical thinking and business analysis?
  • How can we work with others to solve complex problems effectively?

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.

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