I'll concentrate on examining Disney's diversification strategy for this project. I'll outline how this situation makes use of critical thinking for decision$-$making, examine how information was used to determine the context of Disney's choice to diversify and go through the importance of logic, evidence, and arguments in the company's decision$-$making process.

Application: Business leaders must use critical thinking to make decisions because it helps them to thoroughly weigh the advantages and disadvantages of numerous possibilities, take into account multiple viewpoints, and make decisions based on solid data. Critical thinking would have been necessary for Disney's situation to weigh the advantages and disadvantages of diversification. To make strategic decisions that are in line with its long$-$term objectives, the business would have been able to examine market trends, customer preferences, and competitive dynamics. Before executing its diversification plan, Disney's decision$-$makers may have used critical thinking to consider different situations, generate innovative solutions, work with important stakeholders, and consider the implications.