Critical thinking refers to the not attaching emotions to an issue, and have the power to examine data in business with an open mind to make a proper decision. It assists employees to gather all the information required to evaluate a particular situation, generate excellent results to a problem and get an answer from all the people who are in that situation.Judy Chartrand in her book, “Critical Thinking Means Business” noted that, people who can think critically must have the skills listed below:· Better problem solving skills· Good judgment and managerial skills· Good performance · Capacity to assess the quality of the information given· Good creativity · Job knowledge· Potential to improvise within the business Process involved in formulating a business problemManaging a business is all about problem solving. A good entrepreneur knows how to meet its customer’s needs adequately. Problems can occur daily, whether in a business or a personal environment. Brian Tracy in his book “The Power of Self-Discipline” provided a step by step procedure to deal with those problems. These are:1. Take enough time to explain the problem clearly- small problems can become a big one if handled inappropriately.2. Pursue alternate paths on “facts of life” and opportunities-there are some stuff which can be unforeseen opportunity not a difficulty.3. Dispute the definition from all angles-Define the problem in many possible ways you can. For example, weak sales may result from poor advertising or tough competitors.4. Question the problem cause-get to the bottom of the problem before it happens again.it saves you much time. 5. Identify multiple solutions possible-you might get the right solution as you continue to create more answers.6. Lay out potential solutions7. Decide wisely –choose any solution and decide on how to go about it. When you take time on what to do, it results to higher costs and greater impact. Set an exact deadline and go with it.8. Allocate responsibility-assign the problem to any of your workers so that you get to know who did the task.9. Set a measure for the solution- to help you know if the problem was solved Critical thinking versus creative thinkingCritical thinkingCreative thinkingIt seeks to assess value of something that already existsIt creates something newIt is analytical It is productiveIt is connectingIt is divergent It is focused on probabilityIt is focused on possibilitiesIt is attained by applying accepted principlesIt is attained by disregarding accepted principles Roles of personalities in critical thinkingThere is no relationship between critical thinking and traits in personalities. Critical thinking lies on training method. ConclusionPeople who are critical thinkers are some of the most important and respected people in a business environment. They contribute to a successful business. Therefore, every entrepreneur should strive to let their workers acquire critical thinking skill through training. ReferencesAihua tao, Xing Li.Nan tong University. ChinaBrian Tracy.2010.No Excuses! Power of Self-Discipline. Vanguard pressJudy Chartrand, PhD, Heather Ishikawa, MA Flander.2013.Critical Thinking Means Business.