Solving Complex Problems
A TRAINING DOCUMENT
The firms approach to strategy emphasizes the importance of both strategy expression and implementation. The best developed strategy will be compromised with bring out turn out for implementation. In a rapidly changing market, we create actionable strategies to help businesses to succeed in the this economy. As part of the routine we exact to solve a wide range of tangled puzzles.
Solving Complex Problems
Analytical Thinking The McKinsey Way scheme Thinking - The MIT Methodology Scenario Planning The Shell Planning Process
1/ The McKinsey Approach
The Three Pillars 1. Aggressive Facts Gathering 2. Structure Facts Rigidly - MECE 3. require and Testing Hypothesis
The McKinsey Approach
Aggressive Facts square offing Dont fork over to boil the ocean…start with small coffee pots. Find facts that are only relevant to the subject. Use the 80/20 rule …it works most of the time. Take steps spikelet from whatever youre doing and ask yourself some basic questions of what facts you need to get in order to help you to get a total picture.
The McKinsey Approach
Structure facts rigidly and thinking with maximum pellucidness to identify core issues The MECE Approach Starts at the top direct of your solution lists the issues making up the problem needed to be solve Check if each one of them is mutually undivided. If so, then your issues are collectively exhaustive A near(a) McKinsey list should not have more than five issues.
The McKinsey Approach
Creating the problem solving roadmap -Generating Initial Hypothesis
The first step is to create sign hypothesis which is to figure our the solution to the problem before penetrating the real problem. It is counterintuitive. Starting with facts, talking to people, read everything. Find out the key drivers of the business. Go down one level and savour to prove or disprove your IH and collect more info if needed. The end product of this exercise...If you want to get a right essay, order it on our website: Ordercustompaper.com
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