Today's dynamic business world demands that you make decisions that significantly boost productivity and drive competitive advantage. But how do you know whether a decision will benefit the organization? And how do you know that the decisions are based on rational and statistical reasoning? Explore how to become a dynamic problem solver with the skills to make accurate decisions.
Problem-solving is a set of activities designed to analyze a situation systematically and generate, implement, and evaluate solutions.
Problem Solving is the seeking of solutions to problems that arise in an organization.
A problem is an intricate unsettled question: a source of perplexity, distress, or vexation. The problem-solving process leads to the formulation of decisions intended to resolve the recognized problems.
The problem refers to the existence of a gap between where a person is and where one would like to be. The thought process involved in a person's effort to remove obstacles in the way to achieve the goal state is called problem-solving.
Problem-solving begins with a certain original state called the initial state of a problem. Problem-solving behavior begins with an obstacle or difference between the original or initial state and goal or end state. The goal is desired by the operator in the situation and has some properties defined by the operator to convert the problem state into the goal state.
What are the principles of sound decision making and different decision-making styles? How do you measure the return-on-investment of your decisions? How to make decisions with business partners who might not see the world the same way you do?
There are many approaches to problem-solving, depending on the nature of the problem and the people involved in the problem.
The rational approach involves clarifying, giving a description of the problem, analyzing causes, identifying alternatives, assessing each alternative, choosing one, implementing it, and evaluating whether the problem was solved or not.
This approach asserts that "problems" are often the result of our own perspectives or a phenomenon. For example, if we look at a particular situation as a "problem," then it will become one and we'll probably get very stuck with the "problem". The appreciative inquiry includes identification of our best times about the situation in the past, wishing and thinking about what worked best then, envisioning what we want in the future, and building from our strengths to work toward our vision.
In an organizational context, one should adopt rational and creative approaches to problem-solving. Using a problem-solving approach and tools you can achieve the right mindset for problem-solving, can brainstorm alternatives, and analyze the problem using analogies, idea nets, and mind mapping and eventually visualize the best solution to your problem. Given below are generally accepted steps to problem-solving:
Problem identification is undoubtedly the most important and the most difficult step in the process. All subsequent steps will be based on how you define and assess the problem at hand. A problem is a situation or condition of people or the organization that exists but members of the institution consider that undesirable.
The second step in the problem-solving process is to explore alternative solutions to the problem identified in step 1. In this step one tries to generate and evaluate alternatives by doing brainstorming, taking surveys or facilitating discussions.
The third step in the problem-solving model is to select one of the alternatives. After one has evaluated each alternative, one alternative needs to be selected that would come closest to solving the problem with the most pros and minimum cons.
The fourth step involves developing an action plan and implementation by arranging funding, resources, timelines, and target objectives. Resources include people, information (data), and things. The plan should state who will do what and when. And finally, implement the action plan to put the decision in place.
Evaluation means to monitor the progress to establish if the situation has changed and the problem has been resolved. Evaluating the results to declare the success of the alternative deployed.
Understanding Corporate Strategy
Management outlook and procedures have been revolutionized by more and more innovations over the recent years. It is no longer possible to follow traditional approaches to develop your organization's direction, its management as well its effectiveness. Senior managers need to be good decision-makers. In this section, we introduce concepts for strategy, strategic planning, strategic leadership, their exact meaning and associated terms, and how to use them.
The best career choices are ones that match your values. Each person has several values that are important to him. These values are highly personal and knowing them provides a clearer sense of what's most important to you in your life and career. Career values are the beliefs you consider important from a work standpoint. Values help you understand what you want from a job? Explore a few examples of work values that can influence career path and job satisfaction.
Authoritarian Leadership Style
Although generally considered as a traditional, outdated, and non-preferred style of leadership, the autocratic style still can be used effectively in certain situations. It is a leadership style characterized by individual absolute control over a group. If you work for an autocratic leader, your job is usually to do what you're told. Learn more about this style and situations where this could be an effective style to use and when to avoid this type of approach. Analyze the characteristics of this style to evaluate if your followers consider you an authoritarian leader!
Process & Stages of Creativity
Creative ideas do not come just like that. There is a process to it. There are a number of techniques of creativity to support the generation of ideas but the widely practiced ones are brainstorming and lateral thinking. Most innovations are not so much the product of sudden insights as they are the result of a conscious process that often goes through multiple stages. The creative process can be divided into four stages of preparation, incubation, evaluation, and implementation.
Tools for Developing Your Team
If a manager has too many weak spots in the talent of the team, the ability to empower the team members to independently execute the project is impaired. Assignments fall behind schedule or stretch out because the needed skills or knowledge are not in place when needed. To successfully execute important projects, hiring talented people, and increasing the talents of existing staff are most important.
Tips for Effective Time Management
After studying and analyzing how time is spent, why time is wasted, and where time is wasted you need to decide about the changes required for effective utilization of time. For this purpose, a large number of remedial measures can be taken by you. The first and foremost determinant of a planned and purposeful utilization of time is to develop consciousness of the value of time at all levels of the organization. Planning, goal setting, and defining priorities are concerns to addressed immediately.
We define Lean as the systematic elimination of waste through a continual effort to decrease inefficiency; the lean leader strives to create a more efficient organization. Lean leadership is a philosophy. It is a consistent way of thinking and being in your role as a leader. The focus of this approach is on raising new leaders and help their team embrace a culture of continuous improvement. Learn what we mean by lean leadership style and its principles.
Concept & Definition of Stress
Stress is a popular expression used by people in day to day life. Pressures of day to day living sometimes necessitate coping or dealing with them and stretch the body beyond its natural capacity. They are called stressors. Stress is a natural, ongoing dynamic, and interactive process that takes place as people adjust to their environment.
Time management is the process of planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency, and productivity. The best time management techniques improve the ways you work. Time management refers to managing time effectively so that the right time is allocated to the right activity. Learn more about the five steps for effective time management viz. study, identify, analyze, decide, and implement.
Collaborative leadership is all about collaborative problem-solving and decision-making or can also be defined as the leadership of a collaborative effort. . The term started to appear in the mid-1990s in response to the formation of long term public-private partnerships to rebuild public infrastructure. Learn how you can use principles of collaborative leadership to enhance your leadership skills for being an effective leader.
© 2023 TechnoFunc, All Rights Reserved