Problem-solving techniques in business need to leverage simple decision-making models that can help solve problems quickly and effectively, without getting stuck.
Key highlights of problem-solving techniques in business:
- Seven Steps to Problem-Solving: A disciplined and methodical approach to identifying and addressing the root cause of problems, using the hypothesis-driven framework of the scientific method.
- Feynman Technique: A mental model and strategy for learning and understanding new concepts, often used in exam preparation.
- 5 Whys Method: An interrogative problem-solving technique to identify the root cause of a problem by asking “why” five times.
- Fishbone Diagram: A diagram-based technique used in brainstorming to identify potential causes for a problem, representing cause and effect visually.
- Lightning Decision Jam: A fast decision-making process that provides quick direction, developed by design agency AJ&Smart.
- Less-Is-Better Effect: The consumer tendency to choose the worse of two options when presented separately.
- Eisenhower Matrix: A tool to prioritize tasks based on urgency and importance.
- Cynefin Framework: A decision-making and problem-solving framework that provides context and guides an appropriate response.
- Starbursting: A structured brainstorming technique focused on question generation.
- Appreciative Inquiry: An organizational change methodology that focuses on strengths rather than weaknesses.
- Round-robin Brainstorming: A collective and iterative approach to brainstorming.
- Constructive Controversy: A theory arguing that controversial discussions aid in understanding complex problems.
- Affinity Grouping: A collaborative prioritization process where participants brainstorm and organize ideas based on similarities.
- Rolestorming: A brainstorming technique where participants pretend to be other people when sharing their thoughts and ideas.
- Reverse Brainstorming: An approach where individuals brainstorm ways a plan could fail instead of finding solutions.
- Lotus Diagram: A creative tool for ideation and brainstorming, identifying key concepts for analysis or prioritization.
- Futures Wheel: A framework for visualizing the future consequences of a trend or event.
Related Strategy Concepts: Go-To-Market Strategy, Marketing Strategy, Business Models, Tech Business Models, Jobs-To-Be Done, Design Thinking, Lean Startup Canvas, Value Chain, Value Proposition Canvas, Balanced Scorecard, Business Model Canvas, SWOT Analysis, Growth Hacking, Bundling, Unbundling, Bootstrapping, Venture Capital, Porter’s Five Forces, Porter’s Generic Strategies, Porter’s Five Forces, PESTEL Analysis, SWOT, Porter’s Diamond Model, Ansoff, Technology Adoption Curve, TOWS, SOAR, Balanced Scorecard, OKR, Agile Methodology, Value Proposition, VTDF Framework, BCG Matrix, GE McKinsey Matrix, Kotter’s 8-Step Change Model.