Problem-solving and decision-making
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July, 2011
Importance of good problem-solving and decision-making
Get to answers faster
Use time and resources more efficiently
Have greater impact on the business
Free up time to do other things
1
Objectives and approach for session
Objectives
Introduce an approach/tools you can add to your toolkit of skills and use for many types of problem solving
Approach
Learn key elements of approach through plenary lecture and discussion
2
McKinsey’s problem solving approach
C R E A T I V E T H I N K I N G
Logical problem solving
Impact-driven
Focused
Fact-based
IMPACT
3
Synthesis
Analysis
The problem-solving cycle
Problem definition
Problem structuring
Prioritisation
Issue analysis and work plan
Problem
?
-mend-ations
© McKinsey & Company
Think next iteration: what are the team’s next priorities?
Focus for today
4
Step 1: Define the problem
-menda-tions
Synthesis
Problem definition
Struc-turing
Priori-tising
Issue analysis
Analysis
C O M M U N I C A T I O N
?
!
Problem
Impact
Think IMPACT: What is the question you are trying to answer?
5
What is a good problem definition?
What are characteristics of a good problem definition?
What are “must-have” elements to
Ensure we get to the best answer?
Ensure our answer is practical and implementable?
What are mon pitfalls?
A ‘problem definition’ is a way to frame a problem so that we are clear up front on what we are trying to solve, and what ess will look like
6
Problem statements help sharpen your thinking about the problem
What are we trying to achieve?
Focuses the work and ensures that findings can be acted on. The more
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