1

Assignment
Critical and logical thinking

(Session 2020-2024)

Submitted To: Submitted By:

Prof. Dr. Khawaja Saeed MC20-025(Huma)

HAILEY COLLEGE OF COMMERCE

UNIVERSITY OF THE PUNJAB
 2

Why Is Logical Thinking Important in

Commerce?
What is Logical Thinking?
Logical thinking can be defined as the process of analyzing and evaluating information to guide beliefs
or actions. When students choose where to go to college, for instance, they put logical thinking to use
by weighing the advantages and disadvantages of the various schools they have been accepted to,
factoring in relevant information such as cost and location. Logical thinking demands not only acquiring
information but also analyzing it to identify essential elements.

Why is logical thinking important in Commerce?

Business leaders take major actions every day, from hiring and firing to reviewing financial earnings
reports, participating in board meetings and handling public relations crises. These are the precise areas
in which logical thinking comes into play, as business leaders use this skill to make tough decisions, such
as letting an employee go or issuing a press release when scandal threatens to tarnish a company’s
reputation.

Importance of Logical Thinking in Commerce.

When applying logical thinking in business, a leader must use logic to identify, understand, analyze and solve
problems. This requires patience and practice. The successful application of logical thinking often results in more
efficient work processes.
The following three examples help answer why logical thinking is important in business:

 Improve communication strategies:

Communicating with different types of people requires defining the needs of the target
audience, which demands logical thinking. For example, if a company is being bought out by a
competitor, the CEO must consider how this will impact everyone, from low-level employees to
investors, and determine what messages to convey to each party. Acting quickly is essential, as he or
she should be the first to give the employees the news to maintain their trust.

 Support smooth operations:

Maintaining daily operations in an ever-changing environment requires constant logical

thinking. For example, if the power goes out at a restaurant and there is no emergency generator, the
manager must decide not only what to do with the customers and staff but also whether and how to
 3

salvage refrigerated food. The quicker the manager acts, the more likely he or she is to make the best of
an unfortunate situation.
 Streamline product development:

A product development role requires multiple decisions to ensure efficiency, marketability and
safety. For instance, if a company is marketing a new kitchen gadget, designing it a certain way would
make it look more appealing, but that design could also make it more difficult to use. Should the
company prioritize function or fashion? The sooner it reaches a decision, the sooner production can
begin.
In each of these examples, logical thinking directly impacts efficiency in the workplace.

How Logical Thinking and Communication Are Linked in

Commerce.
If communication refers to the meaningful exchange of information in an organization, logical thinking
is the engine that provides the meaning. The ability to identify a problem and develop a cogent
explanation and solution is important for business communication.

Rider University’s  online Master of Arts in Business Communication teaches these competencies and
provides students with opportunities to hone their talents. It allows people to study 100% online and
complete their degree in less than two years.
Students can learn to apply logical thinking and communication skills for business success in the
following ways:

 Assessment of various situations in a business setting:

Take, for example, the head of a marketing team managing nine people. To develop a
marketing proposal for a new product, he divides his team into three groups of three. Each group
pitches a concept. The head of the marketing team then selects one, justifying his choice with clear
communication that rewards those whose concept was chosen without discouraging the others. This is
one of the many situations that may arise in a business setting that requires using logical thinking while
communicating.

 Collaboration among teams/departments:

  Leaders need to manage their teams’ internal communications, as well as their interactions
with other teams. For example, the aforementioned marketing team might have to work directly with
the product development team to identify a product’s most notable selling points. In this case, a course
focused on communication and organizational culture prepares managers to recognize that the product
development department might have a very different day-to-day approach to work and collaboration.
 4

 Teamwork:
Leaders need to be able to navigate the differences among groups of people from a variety of
backgrounds. Rider’s online Master of Arts in Business Communication features coursework that
focuses on the multicultural aspects of teamwork in an organization and can be a useful tool in
business.

 Presentation strategies:

  Logical thinking allows individuals to make business-influencing decisions and convey their
conclusions with confidence. For example, an individual has to present the results of a financial quarter,
and the figures show a loss. He may recognize that this is due to a major investment in a new work
productivity tool, which is projected to increase turnover and result in a large profit next quarter. The
program’s business presentation coursework equips professionals to make this kind of judgment.

 Verbal communication:

  Leaders may have to use verbal skills to change another person’s opinion in business. For
example, if they are sitting on the board, and the board votes on an important issue that results in a tie,
they may want to speak up and present an argument for their side of the vote. The coursework focusing
on techniques for persuasive discourse provides students with the competencies needed to change
people’s opinions and behaviors.

 Written communication:

  Not all business cases are made in face-to-face situations. For example, leaders can inspire their
teams through a powerful email. A course in strategic business writing provides students with the tools
needed to harness their writing skills to support strategy and produce desired outcomes, such as
motivating employees.

Conclusion

As with several issues in the business, what is happening at the top is a good indicator of how the
present logical thinking is in the remaining part of the organization. If the company has an intelligent
leader who has great ideas but no processes being followed, then there will be no buying of the idea of
logical thinking, and the organization will suffer. This is the reason why logical thinking skills are often
accompanied by positive communication skills.

“Logical thinking does not just help one to arrive at the best answer, but to a solution, most people
will embrace. Modeling logical thinking at the top would help the skill to trickle down to the
remaining levels of the organization, no matter what type or size of the company one has”.