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DESCRIPTION
Managing any organization can be described as a constant stream of problems that need to be solved. However, oftentimes, people like to immediately implement solutions without having spent the time and effort to truly understand and analyze the true nature of the problem at hand.
Thus, organizations end up spending a lot of time, effort, and money without precisely knowing what the endeavor is going to do for them.
The need to distinctly define what problem an organization is facing that requires a solution is a very genuine requirement. This need is accomplished by formulating a good Problem Statement.
An effective Problem Statement has the following 5 elements:
1. Important
2. Problem-Solution Gap
3. Quantification
4. Neutrality
5. Scope
Being able to clearly define the problem can make an organization a leader in the industry since it will be effectively implementing change on a regular basis.
The slide deck also includes some slide templates for you to use in your own business presentations.
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Source: Best Practices in Problem Solving PowerPoint Slides: 5 Elements of a Problem Statement PowerPoint (PPTX) Presentation, LearnPPT Consulting
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OVERVIEW
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
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