Problem Solving Strategies Powerpoint

Problem Solving Strategies Powerpoint-50
You may need to tweak your hypotheses and structure as you learn new information.A project vacillates many times between these two approaches.

You may need to tweak your hypotheses and structure as you learn new information.A project vacillates many times between these two approaches.

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A lot of what I do with other advisors is try to teach the students the fundamentals of consulting. After almost ten years in the industry, I stopped thinking about why I was doing what I was doing.They also don’t understand how much work is spent on telling a compelling “story.” The biggest mistake people make in the business world is mistaking showing a lot of information versus telling a compelling story.This is an easy mistake to make — especially if you are the one that did hours of analysis.The “how” can be taught and I’ll show you a few things below.There are two pre-requisites to thinking like a consultant.So after prompted by a Quora question — I decided to try to break down the step-by-step process of solving problems with a consulting approach.What follows is a post I wrote that actually was “liked” by Ramit Sethi — so this info will probably help you get rich quick too!The more you learn, the easier it becomes to come up with reasons to support the current state of affairs — likely driven by the status quo bias — an emotional state that favors not changing things.Even the best consultants will experience this emotion, but they are good at identifying it and pushing forward.Let’s say a company is struggling with profitability.Someone might define the problem as “we do not have enough growth.” This is jumping ahead to solutions — the goal may be to drive more growth, but this is not the actual issue. Consider the following information: In a real-life project there will definitely be much more information and a team may take a full week coming up with a problem statement.

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