Nine Steps to Effective Business Problem Solving
Creating a startup, or managing any business, is all about problem
solving. Some people are good at it and some are not – independent of
their IQ or their academic credentials (there may even be an inverse
relationship here). Yet I’m convinced that problem solving is a
learnable trait, rather than just a birthright.( Zwilling, 2011)
Entrepreneurs
who are great problem solvers within any business are the best prepared
to solve their customers’ needs effectively as well. In fact, every
business is about solutions to customer problems – no problems, no
business. Problems are an everyday part of every business and personal
environment.
Thus it behooves all of us work on mastering the
discipline of problem solving. Here is a formula from Brian Tracy, in
his book “The Power of Self-Discipline” that I believe will help entrepreneurs move up a notch in this category:
- Take the time to define the problem clearly. Many executives like to jump into solution mode immediately, even before they understand the issue. In some cases, a small problem can become a big one with inappropriate actions. In all cases, real clarity will expedite the path ahead. ( Zwilling, 2011)
- Pursue alternate paths on “facts of life” and opportunities. Remember, there are some things that you can do nothing about. They’re not problems; they are merely facts of life. Often, what appears to be a problem is actually an opportunity in disguise. ( Zwilling, 2011)
- Challenge the definition from all angles. Beware
of any problem for which there is only one definition. The more ways
you can define a problem, the more likely it is that you will find the
best solution. For example, “sales are too low” may mean strong
competitors, ineffective advertising, or a poor sales process.
- Iteratively question the cause of the problem. This is all about finding the root cause, rather than treating a symptom. If you don’t get to the root, the problem will likely recur, perhaps with different symptoms. Don’t waste time re-solving the same problem. ( Zwilling, 2011)
- Identify multiple possible solutions. The
more possible solutions you develop, the more likely you will come up
with the right one. The quality of the solution seems to be in direct
proportion to the quantity of solutions considered in problem solving.
- Prioritize potential solutions. An acceptable solution, doable now, is usually superior to an excellent solution with higher complexity, longer timeframe, and higher cost. There is a rule that says that every large problem was once a small problem that could have been solved easily at that time. ( Zwilling, 2011)
- Make a decision. Select
a solution, any solution, and then decide on a course of action. The
longer you put off deciding on what to do, the higher the cost, and the
larger the impact. Your objective should be to deal with 80% of all
problems immediately. At the very least, set a specific deadline for
making a decision and stick to it.
- Assign responsibility. Who exactly is going to carry out the solution or the different elements of the solution? Otherwise nothing will happen, and you have no recourse but to implement all solutions yourself. ( Zwilling, 2011)
- Set a measure for the solution. Otherwise
you will have no way of knowing when and whether the problem was
solved. Problem solutions in a complex system often have unintended side
effects which can be worse than the original problem.
People
who are good at problem solving are some of the most valuable and
respected people in every area. In fact, success if often defined as
“the ability to solve problems.” In many cultures, this is called
“street smarts,” and it’s valued even more than “book smarts.” The best
entrepreneurs have both.( Zwilling, 2011)
Zwilling,. M. (2011), Nine Steps to Effective Problem Solving. Retrieved on 24th September 2014 from http://www.businessinsider.com/nine-steps-to-effective-business-problem-solving-2011-7#ixzz3EEamlDgQ
Halo you need to put in-text referencing!!!! ^^
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