Got a Problem?: This May Solve It!

by | Dec 6, 2020 | 0 comments

Got a problem? This may solve it.  Business problems are often easily solved if they are segmented and dealt with in pieces. Here’s How:

#1 Define the problem. What is it that needs ‘fixing’. Many times, this is unclear and needs to be pinpointed.

#2 Disaggregate the problem. Take the problem apart and attack it in pieces (components). Each component then needs to be broken down and evaluated.

#3 Prioritize. How important is each component in the disaggregate process and do I have the power to change it. What do I analyze?

#4 Breakdown what has been prioritized. Define a work plan to accomplish tasks and define and fix biases.  Develop a work plan that reflects the level of precision required, the time frame you have, and the stakeholders you need to bring into the process.

Problem solving is not a linear process, it is iterative. Most problems can be solved in a day or even a few hours. If you see a 25-page work plan that goes out six months, you know it’s wrong! It will be outmoded very quickly by the learning process of the seven steps.

#5 The work plan is done. Now you’ve got to do the analysis. Look at statistics before analyzing and understand the scope and shape of the problem before applying complex analytical approaches and models. Test-and-learn is the methodology to be used.

#6 & 7 Once analyzed the decision maker needs to have the question, “What should I do?” Answered. This is where the people tasked with implementing the problem’s solution get motivated to action; otherwise, you haven’t solved anything. The bias must be to action, or you will end up where you started.

The seven-step process allows for biases to be avoided. I am talking about cognitive biases not personal ones, like gender, race, etc. I am talking about biases we carry with us, such as over-optimism, anchoring, and availability (you think you have seen this problem before and therefore have the answer to it).

If you have a problem in implementing the seven steps, contact:

4M Performance – we would be more than happy to provide free assistance in getting started with the process.


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Categories: Business Tips

By Jim Lavorato

Jim Lavorato is the founder of 4M Performance which is designed to assist businesses to survive and thrive in these uncertain times. Jim launched an entertainment-related company in 1988. He was at the forefront in cinema technology and helped spearhead the movie industry's transition to digital presentation and distribution. He also co-founded the Arboreal Group, an environmental consultancy. He has published articles on the motion picture and media industries and is a contributing editor for ScreenTrade magazine and writes a blog "Cinema Mucho Gusto". He is a certified SCORE Mentor in the SCORE Greater Phoenix Chapter and lives in Scottsdale, AZ. Learn more about Jim in his "About" page.

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