Tuesday, 20 September 2016

Business Problem

Every business problem seems unique, but the techniques for solving business problems don’t have to be reinvented each time you face a dilemma. Adopt a methodical approach to solving all problems so that you won’t find your business in constant crisis management. Running a business means solving problems, so tackle problems with a well thought-out plan to avoid making rash decisions.

Identify the Problem 

You may realize that something is not working in your business, but you may not be able to put your finger on it. Take the time to identify exactly what difficulty repeats itself. Describe it in detail so that you get a clear picture of who or what disrupts the profitable flow of your business operations.

Describe the Cause 

Why does the problem occur? Identifying the problem doesn’t tell you the cause. For example, if an employee constantly disrupts meetings, you might dig into the cause and find out she feels her talents get overlooked. You can address that. Or if products continually ship late, you might discover that a piece of machinery constantly breaks down. Finding the cause will suggest solutions.

Monitor Your Solution 

Measure the effects of the solution you choose. Watch to see if it solves the previous difficulty, and make sure it does not present new difficulties. If your monitoring reveals that your choice of solutions was incorrect, you can switch immediately to a new solution.

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