Framework that has been tested at a top tier consulting firm
Examples to help understand key concepts
Simple and pragmatic problem solving process
PROBLEM SOLVING PPT DESCRIPTION
Enhance your problem-solving skills with this comprehensive PPT, crafted by ex-McKinsey consultants. Learn structured methodologies for effective decision-making. Problem Solving and Decision Making is a 32-slide PPT PowerPoint presentation slide deck (PPT) available for immediate download upon purchase.
According to McKinsey, structured problem solving can be used to address almost any complex challenge in business or public policy. Consulting deliverables typically take the form of PowerPoint presentations.
AIM:
1. This document explains how to identify, define and solve problems in a structured manner and communicate findings effectively to the client. It has a strong focus on hypothesis generation techniques utilized by the world's leading consulting firm.
2. It introduces tools that consultants can add to their toolkit of skills and use for many types of problem-solving and is suitable for anyone who is looking for a robust methodology to solve complex problems.
CONTENTS
The Problem Solving and Decision Making deck outlines the following topic:
1. The key principles of the logical problem-solving approach – Impact driven, focused and fact-based
2. The problem-solving cycle – problem definition, problem structuring, prioritization, issue analysis and work plan, analysis, synthesis, and recommendations
3. Problem statement "framework"
4. What is an issue tree and why is it important?
5. Prioritization and methods for prioritizing
6. Synthesis and it's objective
This deck emphasizes the importance of a well-defined problem statement, highlighting characteristics such as specificity, measurability, action orientation, relevance, and time-bound criteria. It guides you through the process of structuring the problem, encouraging disaggregation and hypothesis generation to identify key elements. The issue tree is presented as a crucial tool for breaking down complex problems into manageable sub-issues, facilitating efficient analysis and team collaboration.
The PPT also delves into prioritization, stressing the need to focus on high-impact actions given limited resources. It covers the entire problem-solving cycle, from problem definition to developing actionable recommendations. The distinction between summary and synthesis is clarified, ensuring that your conclusions are not just a collection of facts, but a coherent, actionable strategy. This resource is designed to equip you with a comprehensive framework for tackling intricate business challenges.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
This PPT slide presents a framework integrating the "Mutually Exclusive Collectively Exhaustive" (MECE) principle with the 80/20 rule to enhance problem-solving efficiency. The MECE approach breaks down a central question into distinct, non-overlapping ideas, promoting clarity in analysis. The 80/20 rule illustrates that approximately 20% of effort can yield around 80% of results, highlighting the diminishing returns of excessive refinement. The shaded area labeled "NOT EFFICIENT" emphasizes these inefficiencies. By applying the MECE framework alongside the 80/20 rule, executives can streamline problem-solving processes and focus on high-impact areas, optimizing resource allocation and decision-making.
This PPT slide outlines a structured approach to problem-solving and decision-making, emphasizing the formulation of clear problem statements to define objectives specifically. The "Background and context" section highlights the importance of understanding industry trends and relative positioning. The "What is success?" segment identifies financial returns and market share growth as key success criteria. The "Stakeholders" section recognizes primary decision-makers, such as CEOs and Division Managers, and the influence of internal and external parties, including shareholders. Finally, "Potential challenges" defines project scope boundaries, referencing the 80/20 rule for prioritizing efforts. This approach sharpens organizational focus on problems, enhancing clarity and alignment among stakeholders.
The Oilco refinery faces poor profitability despite a strong market position, indicating underlying challenges. Stakeholders agree on the need for action to address its deteriorating position, marking a critical juncture for the organization. A broader inquiry about alternative management strategies to enhance profitability is deemed too general, highlighting the necessity for precise problem framing. This PPT slide underscores the importance of structured problem statements in guiding organizational strategy and improving performance, emphasizing targeted questions that drive actionable insights rather than vague inquiries.
This PPT slide outlines a structured problem-solving framework that follows a cyclical process. It begins with "Problem definition," where the core issue is articulated, leading to more effective solutions. The next step, "Problem structuring," organizes the problem into manageable components for deeper understanding. "Prioritisation" determines which aspects to address first, ensuring efficient resource allocation. The cycle progresses to "Issue analysis and work plan," examining identified issues to uncover underlying causes and impacts. This is followed by "Synthesis" and "Recommendations," integrating insights into actionable strategies. The framework encourages continuous improvement and proactive problem-solving, enhancing clarity and effectiveness in decision-making.
Source: Best Practices in Problem Solving, Decision Making, Bain PowerPoint PowerPoint Slides: Problem Solving and Decision Making PowerPoint (PPT) Presentation Slide Deck, Corporate Finance 101
Corporate Finance 101 consists of ex EY and Grant Thornton consultants who have experience helping professionals across disciplines, with a focus on strategy consulting and transaction advisory.
These documents are prepared to help you increase the impact of your business communication and save you valuable time.
The documents are based upon techniques learned while working at
... [read more] multinational consultancy firms. The products were then refined during the course of consulting engagements with organisations across the world.
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.
Trusted by over 10,000+ Client Organizations
Since 2012, we have provided business templates to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
"My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market. They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me
in a fraction of the time and money of other solutions. I strongly recommend FlevyPro to any consultant serious about success.
"
– Bill Branson, Founder at Strategic Business Architects
"As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for
the customer, Flevy and the various authors. This is truly a service that benefits the consulting industry and associated clients. Thanks for providing this service.
"
– Jim Schoen, Principal at FRC Group
"I like your product. I'm frequently designing PowerPoint presentations for my company and your product has given me so many great ideas on the use of charts, layouts, tools, and frameworks. I really think the templates are a valuable asset to the job."
– Roberto Fuentes Martinez, Senior Executive Director at Technology Transformation Advisory
"Flevy.com has proven to be an invaluable resource library to our Independent Management Consultancy, supporting and enabling us to better serve our enterprise clients.
The value derived from our [FlevyPro] subscription in terms of the business it has helped to gain far exceeds the investment made, making a subscription a no-brainer for any growing consultancy – or in-house strategy team."
– Dean Carlton, Chief Transformation Officer, Global Village Transformations Pty Ltd.
"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."
– David Harris, Managing Director at Futures Strategy
"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."
– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership
"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."
– Chris McCann, Founder at Resilient.World
"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.
Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I
have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings.
I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings.
"
– Nishi Singh, Strategist and MD at NSP Consultants
Receive our FREE whitepaper on the Top 101 Consulting Frameworks
Download our 200+ page guide summarizing the Top 101 Management Consulting Frameworks. Each framework provides a structured approach to analyzing and solving a common business problem.
Click main image to view in full screen.
