This document provides a practical guide to structured problem solving. It will help you solve strategic problems that your business face. The document provides a framework that has been tested for many years at a top tier consulting firm and investment bank. There are numerous examples given to enable better understanding of the concepts.
The document is structured as follow:
• The framework
• Issue trees
• Answer first
• Critical analyses
• Storyline
• Workplan
• Major meeting roadmap
• Client map
• Problem on a page
The framework outlined in this PPT is designed to be adaptable, recognizing that different projects may require different elements. The use of issue trees, answer-first approaches, critical analyses, and storylines are emphasized for their relevance to specific project needs. This flexibility ensures that the framework can be tailored to the unique challenges of any strategic problem.
An issue tree is a critical tool for breaking down complex problems into manageable components. By identifying mutually exclusive and collectively exhaustive (MECE) sets of issues, the issue tree helps in pinpointing the root causes and structuring the problem-solving process. This methodical approach ensures that all potential drivers of the problem are considered, enabling focused and effective solutions.
The document also provides practical guidance on developing a major meeting roadmap, which is essential for maintaining project momentum and ensuring all stakeholders are aligned. This roadmap includes scheduling key meetings, identifying decision points, and ensuring that all necessary participants are engaged. By keeping the project team and stakeholders on the same page, the roadmap helps in driving the project to successful completion.
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Source: Best Practices in Bain PowerPoint, Problem Solving, McKinsey PowerPoint, Bain Presentations PowerPoint Slides: Structured Problem Solving - Top Tier Consulting Framework PowerPoint (PPT) Presentation Slide Deck, P-Square Partners
This PPT slide presents a structured workplan designed to guide a consulting engagement through various phases, emphasizing a systematic approach to problem-solving. It is divided into 4 main sections, each representing a critical stage in the process.
The first section, labeled "Diagnostic," outlines 3 key activities: a process review, a customer review, and a market fact-base and strategy review. These activities are foundational, aimed at gathering essential insights and understanding the current state of the organization. This phase sets the stage for informed decision-making in subsequent steps.
Next, the "Prioritisation and alignment" phase includes a Senior Management Workshop. This workshop is crucial for aligning stakeholders on priorities and ensuring that the identified issues and opportunities are addressed collaboratively. It serves as a pivotal moment for leadership engagement, fostering a shared vision moving forward.
The third section focuses on "Priority opportunity workstreams." Here, several initiatives are highlighted, suggesting a structured approach to tackling identified opportunities. The workstreams include fact-based analysis, solution development, and planning, indicating a thorough methodology for addressing challenges.
Finally, the "Implementation" phase is depicted, which includes a program office and quick wins. This suggests a focus on not only executing the identified initiatives, but also achieving immediate, tangible results that can build momentum for longer-term changes.
The timeline at the bottom indicates a duration of 6 to 8 weeks for the overall engagement, with specific activities scheduled between August and September. This structured timeline reinforces the methodical nature of the approach, ensuring that stakeholders understand the expected pace and deliverables throughout the engagement.
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