Practical Thinking

Practical Thinking

Practical Thinking Jonathan Poland

Practical thinking is a type of thinking that focuses on finding timely and reasonable solutions to problems. This type of thinking is characterized by a focus on the real-world consequences of different actions and decisions, and on finding solutions that are feasible and effective in the short-term. In contrast, other types of thinking may be overly complex, slow, inflexible, or focused on theoretical or ideological considerations, rather than on practical concerns.

Practical thinking is an important skill in a wide range of fields, including business, engineering, and public policy. In business, for example, practical thinking can help managers and leaders make effective decisions that are grounded in reality and that take into account the needs and constraints of their organizations. In engineering, practical thinking can help designers and developers create solutions that are both technically sound and feasible to implement. And in public policy, practical thinking can help policymakers identify and implement solutions to complex social and economic problems.

To develop practical thinking skills, it can be helpful to approach problems with a focus on the concrete and specific, rather than on abstract or theoretical considerations. This can involve asking questions about the real-world implications of different actions, and about the feasibility and effectiveness of potential solutions. It can also involve seeking feedback and input from others who have relevant expertise or experience. By engaging in this type of thinking, individuals can improve their ability to identify and implement practical solutions to a wide range of problems.

Here are a few examples of how practical thinking might be used in a business environment:

  1. A company is struggling to meet its sales targets. Rather than implementing a complex and time-consuming new sales strategy, a practical thinker might identify small, actionable steps that the company can take to improve its sales performance, such as offering promotions or training its sales team on new techniques.
  2. A business is facing increased competition from new, innovative products. A practical thinker might identify ways that the business can adapt to these changes and maintain its competitive advantage, such as by developing new features or services that meet changing customer needs.
  3. A company is looking to expand into a new market. Rather than conducting a lengthy and expensive market research study, a practical thinker might identify smaller, more targeted ways of gathering information about the new market, such as by talking to customers or industry experts, or by analyzing competitors’ products and pricing.
Learn More
Soft Sales vs Hard Sale Jonathan Poland

Soft Sales vs Hard Sale

A soft sell is an approach to sales and promotion that emphasizes building a relationship and reputation with customers, rather…

Knowledge Transfer Jonathan Poland

Knowledge Transfer

Knowledge transfer is the process of transferring knowledge, skills, and information from one person or group to another. It is…

What is Fandom? Jonathan Poland

What is Fandom?

Fandom refers to the subculture that develops around particular popular culture series or formats, such as films, television shows, characters,…

IT Operations Jonathan Poland

IT Operations

IT operations involves the delivery and management of information technology services, including the implementation of processes and systems to support…

Tactical Planning Jonathan Poland

Tactical Planning

Tactical planning is the process of developing specific strategies and actions to achieve the objectives of an organization. It involves…

Brand Strategy Jonathan Poland

Brand Strategy

Brand strategy is the plan that a company has for building and managing its brand over time. It involves defining…

Process Automation Jonathan Poland

Process Automation

Introduction: Process automation refers to the use of information systems to automate business processes in order to improve efficiency and…

Sticky Information Jonathan Poland

Sticky Information

Sticky information is information that is difficult to transfer. This is an analogy that information that knowledge “sticks” to people,…

Rule of Three Jonathan Poland

Rule of Three

The rule of three is an economic theory that posits that large, mature markets tend to be dominated by three…

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

What is a Trade Show? Jonathan Poland

What is a Trade Show?

A trade show is an industry-specific event where businesses in a particular sector showcase their products, services, and innovations to…

Technology Factors Jonathan Poland

Technology Factors

Technology factors are any external changes related to technology that may affect an organization’s strategy. Identifying and analyzing technology factors…

What If Analysis Jonathan Poland

What If Analysis

What-if analysis is the process of considering and evaluating hypothetical outcomes. It is a common technique used in early stage…

Program Risk Jonathan Poland

Program Risk

Program risk refers to the likelihood of a program failing to achieve its goals due to potential outcomes. This type…

Customer Retention Jonathan Poland

Customer Retention

Customer retention is the practice of reducing the loss of customers to competitors. A high customer retention rate typically results…

ResMed Jonathan Poland

ResMed

ResMed is a global medical equipment company that provides innovative solutions for the treatment of sleep-disordered breathing, including sleep apnea…

Brand Quality Jonathan Poland

Brand Quality

Brand quality is the perception of the level of excellence that a brand achieves in the eyes of its customers.…

Personal Data Jonathan Poland

Personal Data

Personal data is any information that can be used to identify an individual, including their name, date of birth, address,…

What are Field Services? Jonathan Poland

What are Field Services?

Field service involves managing and deploying resources and assets at customer, public, and third-party locations, as well as providing services…