In the business world, concepts are formed, which intertwine with others. This is where we can compare and contracts these business models. Two conceptions in particular are critical thinking and ethics. Establishing the relationship between the two ideas will allow for understanding their differences and likenesses.
Ethics is the reasoning to do what is right while weighing the consequences. The basis for ethics is that human conduct has consequences for the well-being of others. We are capable of acting toward others in such a way as to increase or decrease the quality of their lives. As humans, we have the ability to help or to harm, which can arguably be an innate one. We are ideally capable of understanding when we are doing the one and when the other (Elder & Paul, 2006). The ethical purpose is to find the truth, and the “search for truth involves a process sometimes referred to as critical thinking” (Manias, Monroe, & Till, 2013).
Critical thinking is “the active and systematic process of communication, problem solving, evaluation, analysis, synthesis, and reflection, both individually and in community, to foster understanding, support sound decision making, and guide action” (Manias, Monroe, & Till, 2013). Critical thinking is that mode of thinking about any subject, content, or problem in which the thinker improves the quality of his or her thinking by skillfully analyzing, assessing, and reconstructing it.
The rules and principles of critical thinking can be applicable to ethical reasoning. This is because both processes require analyzing, evaluating, and coming up with a final solution. For example, you have to decide to buy a new car. The process of buying a new car requires much thought. You need a new car, but find out it was stolen. You must now use ethical reasoning to decide whether to buy it and understanding the potential consequences of doing so.
Elder, L., & Paul, R. (2006, 11 November). Retrieved October 24, 2014,...