Convergent vs. Divergent Thinking
Failure Mode And Effects Analysis
Key Highlights:
- Convergent vs. Divergent Thinking: Convergent thinking involves finding solutions using established rules and logic, while divergent thinking encourages generating innovative ideas and solutions to a problem.
- Second-Order Thinking: Considering future consequences and all possibilities before making decisions to avoid relying on the most obvious choice.
- Critical Thinking: Analyzing evidence and arguments to form judgments about information presented.
- Systems Thinking: Investigating factors and interactions that contribute to potential outcomes in a non-linear and holistic manner.
- First-Principles Thinking: Breaking down complex problems into basic elements and reassembling them from the ground up for creative problem-solving.
- Ladder Of Inference: The process of moving from facts to decisions or actions based on mental models.
- Six Thinking Hats Model: A problem-solving approach based on different perspectives associated with personality types.
- Lateral Thinking: Approaching problem-solving from unconventional angles to find creative solutions.
- Moonshot Thinking: Setting ambitious goals and thinking from first principles to achieve significant breakthroughs.
- Biases: Systematic errors and flaws that lead individuals to deviate from rational decision-making.
- Bounded Rationality: A concept where humans make decisions based on “satisficing” rather than optimizing.
- Dunning-Kruger Effect: People with low ability in a task overestimate their competence.
- Mandela Effect: A phenomenon where a large group of people remembers an event differently from how it occurred.
- Crowding-Out Effect: Public sector spending reduces private sector spending.
- Bandwagon Effect: The tendency to adopt beliefs or ideas because others in a group have done so.
- Cynefin Framework: A decision-making and problem-solving framework with five domains: obvious, complicated, complex, chaotic, and disorder.
- SWOT Analysis: An evaluation of a business’s Strengths, Weaknesses, Opportunities, and Threats.
- Pareto Analysis: Identifying the input factors with the greatest impact on outcomes based on the Pareto Principle.
- Failure Mode And Effects Analysis: A structured approach to identifying design failures in products or processes.
- Blindspot Analysis: Unearthing incorrect or outdated assumptions that harm decision-making.
- Comparable Company Analysis: Identifying similar organizations for comparison in understanding business and financial performance.
- Cost-Benefit Analysis: Analyzing decisions based on associated costs and benefits.
- Agile Business Analysis: Certification and guidance for business analysts working in agile environments.
- SOAR Analysis: A technique to focus on strengths, opportunities, aspirations, and results.
- STEEPLE Analysis: Variation of STEEP analysis with added Legal and Ethical factors.
- PESTEL Analysis: Assessing macro-economic factors that may impact an organization.
- DESTEP Analysis: Examining external factors in six categories: demographic, economic, socio-cultural, technological, ecological, and political.
- Paired Comparison Analysis: Evaluating options by comparing them against each other, especially useful when priorities are subjective or lack objective data.
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, Porterโs Five Forces, Porterโs Generic Strategies, Porterโs Five Forces, PESTEL Analysis, SWOT, Porterโs Diamond Model, Ansoff, Technology Adoption Curve, TOWS, SOAR, Balanced Scorecard, OKR, Agile Methodology, Value Proposition, VTDF
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