Problem Identification and Analysis

Situation: Describe the current situation that the organization is facing. What is happening now?

Background: Provide context. How did this situation arise? Include historical perspectives and relevant organizational background.

Significance: Explain why this problem is significant to the organization. What are the consequences of not addressing it$?$

Root Cause Analysis: Hypothesize potential root causes of the problem. Use analytical tools or frameworks learned in class.

Potential Solutions Exploration

Possible Actions: List and describe various actions the organization could take to address the problem.

Potential Outcomes: For each proposed action, predict possible outcomes. What are the benefits and drawbacks?

Risks and Consequences: Identify risks associated with each potential solution and their consequences.

Recommended Solution

Argument for Selected Solution: Present a well$-$reasoned argument for the solution you believe is best. Why is this the optimal choice?

Supporting Evidence: Use data, theories, or case study comparisons to support your argument.

Implementation Plan

Action Steps: Outline the specific steps needed to implement your chosen solution. Who needs to do what, and when?

Feasibility Analysis: Discuss the practicality of your solution. Consider resource availability, time constraints, and organizational impact.

Reflection

Personal Insights: Share what you learned from this exercise. How has it affected your understanding of business strategy and problem$-$solving?

Application to Future Career: Reflect on how you can apply these insights in your future career.