Defining Issues and Generating Hypotheses (PowerPoint PPT)

DESCRIPTION

The art of hypothesis generation is critical to any business problem solving initiative. In fact, the hypothesis provides the foundation for all future analysis and a roadmap for that analysis. Without an initial hypothesis or set of hypotheses, future analyses would be directionless. We will end up "boiling the ocean," instead of focusing on specific activities that either prove or disprove our hypothesis.

In this training guide, we will cover the basics of hypothesis driven analysis. We will learn how to build hypotheses from limited data. We will also cover what makes a good vs. a bad hypothesis.

This document also includes an illustrative case example, as well as a group training exercise.

This PPT delves into the structured process of hypothesis generation, emphasizing its importance in maintaining a focused and efficient analysis. It outlines the management consulting problem-solving process, highlighting the critical steps of defining issues and forming hypotheses. This ensures that subsequent data gathering and analysis are targeted and relevant, avoiding unnecessary work and maximizing the impact of the analysis.

Included is a detailed case study of a Swedish electricity company facing industry deregulation. This example illustrates how to apply hypothesis-driven analysis in a real-world scenario, addressing complications such as supply-demand balance and tariff structures. The case study provides a practical framework for understanding how to navigate complex business environments and develop actionable insights.

The document also features a comprehensive group training exercise designed to enhance strategic thinking and hypothesis formulation skills. Participants are guided through reviewing case data, summarizing client issues, and developing testable hypotheses. This hands-on exercise is invaluable for teams looking to refine their problem-solving capabilities and apply hypothesis-driven analysis to their business challenges.

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Source: Best Practices in Consulting Process, Hypothesis Generation PowerPoint Slides: Defining Issues and Generating Hypotheses PowerPoint (PPT) Presentation, LearnPPT Consulting