Problem Solving Models In Business

Problem Solving Models In Business-54
Decision-making criteria depend on your own personal situations and preferences.

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In any case, factors/options can be weighted and scored appropriately.

The 'pros and cons' method can be used especially for two-option problem-solving and decision-making issues where implications need to be understood and a decision has to be made in a measured objective sense.

Using a 'weighted list' scoring method is especially useful in big organizational or business decisions, especially which involve lots of different strategic considerations (as in SWOT and PEST and Porter's Five Forces concept).

In such situations you can assess different options according to a single set of criteria (the most important considerations), or you can allocate weighted/scored criteria differently to each option (examples of templates are below).

This first simple example below enables the weighting of the pros and cons of buying a new car to replace an old car.

The methodology is easily adapted for more complex decisions, such as in business strategy and consideration of more complex factors (notably found within other tools such in SWOT and PEST and Porter's Five Forces).(The actual scores below are examples and are not suggested weightings of how to make such a decision, which must be your own ideas).Use whatever scoring method makes good sense to you for your situation.The example shows a low score method, but you can score each item up to 10, or 20 or 100, or an 'A/B/C' or three-star scoring method - whatever works best for you.You will find that writing things down in this way will help you to see things more clearly, become more objective and detached, which will help you to make clearer decisions.Using a scoring template also allows for the involvement and contribution of other people, far more objectively, controllably and usefully, than by general discusssion without a measurement framework.People that are less natural decision-makers are often able to make quality assessments, but then need to be more decisive in acting upon the assessments made.Problem-solving and decision-making are closely linked, and each requires creativity in identifying and developing options, for which the brainstorming technique is particularly useful.Good decision-making requires a mixture of skills: creative development and identification of options, clarity of judgement, firmness of decision, and effective implementation.For group problem-solving and decision-making, or when a consensus is required, workshops help, within which you can incorporate these tools and process as appropriate.And definitely see the ethical decision-making quick guide.Decision-making maxims will help to reinforce the above decision-making process whether related to problem-solving or not, for example:"We know what happens to people who stay in the middle of the road.

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