📺 Stream EntrepreneurTV for Free 📺

Critical Thinking Is the Skill Many Leaders Lack And it might be your most overlooked competitive advantage.

By Shawn Doyle

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

themacx | Getty Images

There is an essential skill all successful entrepreneurs need, and should look for in new employees, yet is often missing in organizations. And that skill is critical thinking. I teach leadership programs all over the world, and in my experience, it's a topic most leaders haven't heard of, studied or received any training in, despite the fact that can provide a significant competitive advantage. But why?

First let's look at how critical thinking is defined. According to the Cambridge Dictionary, it's characterized as "the process of thinking carefully about a subject or idea, without allowing feelings or opinions to affect you." I have a simpler definition: thinking about how you think. A few years ago, one of my clients said their goal was to be an Executive Vice President. When I asked why, their answer was, "It's the next block on the org chart." I followed up with a dozen more questions investigating why it was their goal, not to be overbearing but to get them to think about it on a different level.

Related: How to Broaden Your Critical Thinking Skills

So how can you improve and develop your critical-thinking skills? Here are four simple tips.

1. Learn the basics.

The great advantage of our world is there are so many great resources online and elsewhere.You can visit any business website (like this one) and search for articles on critical thinking; attend TED Talks related to critical thinking or simply stream short video presentations by world-class experts on its website; find out if any live classes or online programs are available through your company; or check out books like Thinking Fast and Slow by Danial Kahneman or Critical Thinking by Jocko Babib and Ray Manson.


2. Help your team members learn to be critical thinkers.

If you're in a leadership role, teach your team members how to think more critically and objectively. Having a team of critical thinkers will make them more effective and efficient. Teaching others a skill will also make you stronger at that skill yourself. As John Quincy Adams once said, "If your actions inspire others to dream more, learn more, do more and become more, you are a leader."

3. Journal every day.

Albert Einstein, Steve Job, John Adams, Lady Gaga, Ben Franklin and Arianna Huffington have all discussed their habit of journal-keeping and how it was one of the reasons for their success. It allows you write down what you're thinking and then review it with a critical eye, modifying it to adjust your perspective. This technique, coined by a former Disney exeuctive, is called displayed thinking. If ideas are rumbling around in your head, they aren't as clear. When you see them in writing, their clarity is enhanced.

Related: 16 Characteristics of Critical Thinkers

4. Question assumptions.

Part of being a critical thinker is to question assumptions. After all, sometimes, conventional wisdom can be wrong. When Uber first launched, everyone said the government would never allow it to remain in business because ther fleet were effectively unlicensed taxis. Yet now they're a fixture in cities across the world. Always ask critical questions like: What assumptions are we making? Are these assumptions still valid? Have the rules changed? In short, increase your success by thinking about how you think.


Shawn Doyle

President, New Light Learning and Development Inc.

Shawn Doyle is a professional speaker, author and executive coach. He is the president of New Light Learning & Development, a company that specializes in training and leadership-development programs.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Leadership

9 Productivity Tips That the 1% Know to Follow

Is your inner high-performer waiting to be unleashed? If so, here's what the 1% swear by for peak productivity.

Science & Technology

She Ditched Her Steady Job in Tech to Pursue Her Love of Food. Now She's a Food Network Champion and Celebrated Cookbook Author.

A self-taught vegan chef known for her sustainable cooking practices, Chef Priyanka Naik's journey from the tech world to the Food Network is a testament to the power of passion and perseverance. Hear her insights into how embracing your unique path can lead to entrepreneurial success.

Devices

Save More Than 70 Percent on This iPad Pro

This refurbished iPad Pro comes with 32GB of storage space.

Leadership

More Companies Are Holding on to Their Employees — and Vice Versa. Here's How to Capitalize on This Labor Market.

Your retention and recruitment strategies need to adapt as workers and businesses look for longer-term relationships. Try these strategies to do it.

Starting a Business

Ask Marc | Get Free Business Advice From the Co-Founder of Netflix

Get the answers to your most challenging business problems during our next Ask Marc, live Q&A, on 5/9/24 at 2 PM ET. You don't want to miss it—send in your questions now.

Business Solutions

Redefining the Future with Artificial Intelligence Buyouts

Here's a look at RAD AI's strategic approach to AI acquisitions in the marketing landscape.