How To Solve Business Problems

Problems are often opportunities in disguise, and they are almost always portals for learning.

Following a clearly delineated set of problem-solving strategies can stop you from acting rashly and making decisions that aren't in your best interests or the best interests of your customers or investors.

Taking a systematic approach to business management problems and solutions won't keep you from having problems in the future, but it gives you important tools to keep future situations from turning into crises.

She says frameworks, theories and models come from formal understandings of what has been done in the past and the ability to critically think those things through.

“Understanding commercial strategies of global companies is important regardless of if they are in your industry or not.

This could be anything from staffing to marketing channels, cash flow or legal issues.

And there’s good news for those not lucky enough to be born with innate problem-solving abilities: these skills can be learnt to enable entrepreneurs to excel both within their local and domestic markets, but also be equipped to compete globally.

Problem-solving – it’s a critical skill to have if you’re going to be a leader, an innovator, a game-changer.

Some of today’s greatest and successful leaders are dedicated to solving problems – think Elon Musk, Richard Branson and Holly Ransom.

In addition to developing multiple solutions, it's prudent to engage multiple stakeholders when solving problems, especially if these problems call for systems-level solutions.

If you've given quality thought and attention to identifying and analyzing a problem and then developing possible solutions, you have already laid the groundwork for choosing an optimal solution.