1.1 Describe ways of recognising when a business problem exists
In most organizations recognition of a business problem typically relies on measures and management reporting of measures against expectations. Usually each performance area measures quality, cost, and speed of service – plus possibly customer satisfaction. If one of these measures starts to vary from expectations then management should investigate the reason and determine if it represents a business problem or possibly the result of some one-time event or temporary glitch.
1.2 Explain how to identify possible causes of business problems
Some sample indicators of a business problem are, decline in profits, customers leaving, no new customers, no new goals, employees leaving or dissatisfied, lack of sales etc. The possible causes could be poor policies and procedures, poor training, poor rewards, poor quality products, price too high, lack of technology, old systems, poor maintenance, etc. In all these situations “Why” is the word to be researched. You need to find out why this problem happened and that will help you identify the causes of the problems. Use flowcharts or histograms to write down the process for analysis.
1.3 Describe ways of analysing business problems
The following is a good method of Analysing a business problem: Analyse and find out what happened, define the problem, Does the problem really exist? Analyse the reason why it happened, How long has this problem persisted? The series of causes that led to this problem, the money and resources that it cost, Other minor problems that led to this major problem, Effect or impact of this problem on the business, Work out possible solutions and methods of reducing this and preventing this from happening in the future and how they will be implemented, Are there any risks involved? [747.2] Understand techniques for solving business problems
The Business plan on Customer Satisfaction with E Banking in Bangladesh
As an indispensable part of BBA program, Department of Management studies, Jagannath University, all the students have to undergo project report program. Theoretical Knowledge is not enough for a business student. There is a gap between the theoretical knowledge and practical knowledge. Under this program the students are required to write report based on interview, discussion and study about ...
2.1 Describe different ways of planning to solve a business problem
When you are planning to solve a business problem, gather relevant people for a discussion or for a meeting and brainstorm the actions or solutions to be taken to solve the problem. Do not decide alone. Form groups with people from different departments and experience levels and gather their opinions and ideas. Choose appropriate actions or solutions from the many ideas gathered. Conduct more meetings to refine the issue and the solution till you arrive at the best possible solution. Once the most appropriate solution is arrived at, write down actions needed to solve the problem. Check that everyone is in agreement. Check for impacts this solution may have on the business. Work out plans to remove the causes of the problem. Check for costs for implementing the solutions. All these need to be recorded and analysed.
2.2 Describe different ways of solving business problems
There are so many ways in which a problem can be solved. Every problem is different and solving the problems depends on one’s experience, approach to the problem, knowledge about the business and in researching for the best solution. You need to use the divide and conquer method to solve complex problems. Complex problems may have so many other minor problems that group together to form the complex problem. So as we discussed before, we need to break the problem into minor parts (divide) and first solve the minor issues, until you have just the major problem left. It will then be easier to focus on this one problem and solve (conquer) it. The major steps involved in this above logic are: Finding the exact problem, Identify the causes of the problem, analysing the problem, developing plans to solve the problems, implementing the plans, Monitoring the problem and evaluating the results.
2.3 Give reasons for having support and feedback from others when problem solving
The Research paper on Critical Thinking and Problem solving
... critical thinking. Critical thinking and Problem solving in Business Gone are the days when management expected workers to check their brains at the door. ... correct solution to a problem. Critical Thinking and Problem Solving Introduction Critical thinking and problem solving have been identified as essential skills for college students. Problem solving is ...
When it comes to organisations and businesses and any issues related to the business, it is always best to work together as a team or a group right from the start to finish. Having support will make you calmer in your decisions and with people around you who each have different thought patterns usually if you can’t think of a solution then someone else will. Think of it as combining several minds to complete a task and by combining minds you combine the strengths and differences of each individual thus improving the speed and outcome of any task.
2.4 Explain the purpose of regularly reviewing progress and adjusting plans during problem solving Once a solution has been implemented, you cannot just leave it like that. Constant monitoring and reviewing is necessary. Different plans may need to be laid / adjusted and solutions arrived at, during the problem solving process if the previous solutions did not work. This also helps with long term success of the business.
2.5 Describe ways of recognising when a problem has been solved
Once you have implemented the solution and determined that the problem has been solved, you need to make sure that the problem is completely solved. There are many ways to recognise if a problem has been solved. Some of the different ways are: Set goals and attributes for the problem, keep monitoring them and check to see if these are achieved. You can conduct various tests and surveys to check if the problem has been solved. Feedback from employees if internal problem and feedback from employees and customers if it is an external problem are ways to check if the problem has been solved. Check to see if there are chances for recurrence. You can manually check the process in the business for any problems. Historical data collection, comparing the recent data with old ones are other ways to check and this helps you to look at how the business performance varied over a long period of time when it had no problems and when it had problems. After the performance comes to normal, the monitoring process has to continue for quite some time to ensure that the problem does not reoccur. [747.3] Understand factors that influence solutions to business problems
The Business plan on Problem Solving & Spreadsheet Modeling
This paper talks about the problem solving process along with examples, as well as one of more commonly used modeling and analytical techniques, i.e. spreadsheet modeling. It also talks about its dependency, its uses, disadvantages and well as explores ways to better this very new, but powerful technique. | Modeling is the process of creating a simplified representation of real life problems and ...
3.1 Describe the possible effects of organisational policies and procedures when solving business problems
Many people possess excellent analytical skills and problem solving skills that they would have gained from years of experience in various fields and industries. When it comes to problem solving, every organisation has its own policies and procedures that one has to adhere to while solving problems. This stands as an issue or barrier when one tries to implement certain solutions to a problem. So under this condition, a person needs to be supported and encouraged by the company when applying solutions to a problem. Policies and procedures have both positive and negative effects on problem solving and it varies for different companies
3.2 Describe the possible effects of legal or regulatory requirements when solving business problems
A few effects of legal and regulatory requirements that we can expect during a problem solving process are: Sales, profit, production, labour related issues. In these cases, employment laws and trade laws etc. need to be taken into account. A business needs to make sure that all agreements related to business transactions and processes are updated and filed for future reference and copy of this available in hand with everyone involved. Agreements, contracts and policies related to employment must be provided to all employees and a signed copy has to be with the employer and the employee. [747.4] Understand how to evaluate approaches to solving business problems
4.1 Describe ways of evaluating approaches to solving business problems
There are various ways in which you can evaluate the approaches to problem solving in a business. The points to consider are: Evaluate to see if the approach is realistic. Check to see that the task is defined clearly with all the requirements noted down clearly. Check to see that you have all the resources, information and money required to carry out the process. Check if the process once started can be completed without any interruption. Check to see if you have prioritised the different steps involved in the process. Communication needs to exist between all the individuals involved and hence check to see if everyone involved is available for that period or length of time. Use experiences from the past if any. Check to see if the entire process adheres to the organisation’s policies and procedures and abides by the laws and regulations. If there are any exceptions, you need to make sure that all the relevant procedures and permissions to carry out the process have been acquired.
The Essay on Problems We Know The Solution Solutions Countries Problem
Essay 2: Comment on and discuss this declaration made by Tony BLAIR during a recent summit in Johannesburg: " The key characteristic of today's world is its inter-dependence. Your problem becomes my problem. (... ) We know the problems. We know the solutions. Let us together find the political will to deliver them." The Economist, Sept 6, 2001 Nowadays, each country is more and more concerned ...
Check if any training is required and if yes, make sure that you complete it before starting the problem solving process. Check to see if resources have to be utilised from other departments and if you have the permissions and authority to do so Check to see if you will receive all the support for completing the problem solving task and make sure that the environment where you work is supportive too. Some organisations have restrictions in communicating with certain departments or agencies, so make sure you have the permission for communication if needed for solving this problem. Set targets and draw an action plan, as these will motivate you and keep you on track. Keep monitoring and reviewing your performance all through the task of problem solving as this will help you meet your targets and will also help you with solving future issues. Do not rush, be patient in defining the task because any task done in a rush will be less successful.
4.2 Describe ways of evaluating solutions to problems for effectiveness
Some ways in which you can evaluate solutions to problems so that they can be effective are: Research for the best possible solution and check to see how practical it can be. Define the solution. You need to then check to see if this solution will meet the requirements and the deadline. See if the task can be achieved on time. Check the benefits of following this method to arrive at a solution. Put forward the ideas and thoughts to experienced staff and other colleagues and ask for suggestions, discuss the ideas and any outcomes that you expect and also ask for feedback and other suggestions. Check to see if the costs to cover the problem solving process are readily available along with any resources that are necessary.
Check to see if you have experience in this task and if not, undertake any training that is required. Critical Thinking & Problem Solving. Check to see how successful the process will be, draw out charts and plans, research to see if there is a better process than this. Analyse the risks involved and see if they are acceptable. Check for any obstacles and constraints. Check to see if this solution will satisfy the needs of all the people, departments, customers and organisations involved and also check to see if everyone is in agreement. Finally make sure that the process conforms to the policies and procedures of the organisation and that it adheres to the legal requirements and regulations.
The Term Paper on Problem Solution Essay 2
Exercise: Read the essay questions below. Which one asks you to write an opinion essay and which one is for problem-solution essay? The underlined words may help you to reach your decision. 1. Many newspapers and magazines feature stories about the private lives of famous people. We know what they eat, where they buy their clothes and who they love. Is it appropriate for a magazine or newspaper to ...