Problem Solving

The Problem-Solving Framework

1. Define the problem: Think impact - what do we need to know?
2. Structure the problem and Generate Ideas: Break down the problem into smaller, manageable parts. Ask what could be the key drivers of the problem?
3. Prioritize Issues: What are the most important issues to address?
4. Plan analyses and work: Where and how should we spend our time efficiently?
5. Conduct Analysis: What are we trying to prove/disprove?
6. Synthesize findings: Think what implications do our findings have? Ask “so what”
7. Developer recommendations: What should we do next?

Reference:

• https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-to-master-the-seven-step-problem-solving-process