Problem Formulation and Identification

In: Business and Management

Submitted By tazan1780
Words 584
Pages 3
Problem formulation and Identification Paper
Decision making is one of the most important aspects of leadership in business management. it influences and impacts the success of the organization. Therefore, it is very essential for managers to make great decision rationally and logically. Depending on the situation, there are different decision making models and decision making styles, and their tools and techniques to help manager identifying the root causes and resolutions for the problem. However, in order to execute using these models, styles, tools, and techniques effectively and successfully, a process must be in place to guide us step by step in a discipline manner yet flexible and allow us to alter or adjust and come up with the high quality outcome.
Without a process, we are likely to drag decisions into our comfort zone, handling different situation in exactly the same way, even though they have little in common. Without an organizational decision process, dynamic can easily become the predominate driver of our organizational culture and effectiveness. (Decision Quality, n.d.).
Decision making process (DMP) is a strategic activity to organizational, economical and societal life. DMP is also a key component of time management skills. An effective decision making process leads to making high quality decision which is what organization expected from managers. (Bloomberg businessweek, n.d.).
In my current organization, the rational decision making process is most prevalent used normally. This rational decision making process consists of sequence of steps designed to rationally develop an utmost desired solution. The followings are the steps:
1. Identifying a problem or opportunity- This first step is part of framing the problem to recognize a problem or to see opportunities.
2. Gathering information – Once the problem or opportunity is identified,…...

Similar Documents

Research and Problem Formulation

...Problem Formulation CRJS430 Unit 1 Discussion Board January 9, 2013 There are many ways to define research, and each is unique. Research is an organized process in which an individual is able to educate themselves by searching and obtaining information on a specific subject matter. Research consists of numerous steps, from problem formulation to a presentation of findings to a tentative conclusion. In order to successfully obtain as much accurate information as possible, you must ask yourself questions throughout your researching process. Three of these questions are vital: What are the issues that are present, or what events were occurring at the time? What is the relationship between 2 or more variables that may have created the problem? What measures determine whether one or more variables created the problem? By answering each of these questions, you will be able to widen your perspective on the topic, which allows you to use resources that you may not have originally considered. Problem formulation can be simply described as the steps prior to forming a hypothesis. It is a plan for collecting and utilizing data in order to gain the information that is needed to reach any amount of knowledge being sought regarding the subject. Problem formulation is important for numerous reasons, the vital being that the problem is the ‘foundation’ of a research study. When the problem is formulated well, you can expect to have a good study (Problem formulation, 2006). Problem...

Words: 426 - Pages: 2

Problem Formulation and Identification

...Problem Formulation and Identification Problem Formulation and Identification Organizations make decisions every day, but how the solution comes about is most important. When making a decision, it should be sound, because it can affect day-to-day operations of business or even something major. Does the decision reflect solutions to problems? It can depend on the methods used to deal with the problem. This paper will discuss three styles, collective participative, logic, and persuasive and how using each one of them can assist with problem formation and identification. Once a good definition of what the problem is established, the process toward its eventual elimination can begin. (Krippendroff, n.d) Each organization is unique, but all have a common goal; to have a process in which problems are handled. Compare and contrast Logical style, collective participative style, and persuasive style are all commonly used methods in the decision making process. Logical style decision- making involves the use of facts and also logical reasoning. It involves a step by step process that thoroughly evaluates possible solutions to the problem, but in the end, the manager or whoever is in charge evaluates these possible solutions and chooses the one that he or she believes is the best solution to the problem at hand. Collective participative style involves all members of the organization during the decision making process. This style takes longer for a solution to be implemented...

Words: 1137 - Pages: 5

Problem Formulation and Identification

...Running Header: PROBLEM FORMULATION AND IDENTIFICATION Problem Formulation and Identification Team D December 2009 Problem Formulation and Identification When trying to reach a decision on how to handle a problem, one must know how to identify and formulate what the problem is and how it came to be. With many ways to conduct a decision-making process in a business environment, one needs to learn which style will remove the problem by weighing the pros and cons, the strengths, and weaknesses of the method used. The following is a journey on the seven different decision-making methods: scientific, persuasive, logical, rational, intuitive, recognition primed decision-making and the ultimate decision-making model to see how each method affects the stakeholders. Compare and Contrast Problem Identification Identifying a problem is not a one step process. Identifying a problem involves recognition of something faulting and reason for the problem. Every organization has its own method of identifying and solving problems, some of these methods are known as: scientific method, persuasive method, and logical method. “Scientific is a type of inductive thinking that moves through four major steps: observation, hypothesis formulation, experimentation, and verification” (Kirby & Goodpaster, 2007). Persuasive thinking comes into the situation once a problem occurs. A business, in which persuasive thinking becomes a benefit, would be in the......

Words: 2167 - Pages: 9

Problem Formulation & Identification

...Problem Formulation and Identification Every day people take decisions of varying importance. Studies have shown that most people have poorer decision-making skills than they think. Understanding what the decision-making process involves will help them make logical decisions. The first step needed in order to achieve this goal is gaining an understanding the decision-making process. Decision-making allows the identification of as many alternatives as possible for choosing the one that has the highest probability of success based on the values and preferences of the decision maker. Very few decisions are taken with absolute certainty because complete knowledge regarding all possible alternatives is unrealistic; therefore, the decision-making process helps people to reduce the uncertainty about alternatives and select the most logical and reasonable one (Harris, 2008). The most common decision-making styles are democratic, autocratic, collective-participative, and consensus. In the democratic style a decision maker gives up his or her control of a decision to a group. Autocratic style occurs when a decision maker maintains the ownership and control of a decision. Collective-participative style occurs when a decision maker encourages ideas and thoughts from others to make the best decision possible. Consensus style occurs when a decision maker gives up the ownership and control and allows the group to make the decision (Development Center Inc., 1997). Most Favorable Aspects ...

Words: 448 - Pages: 2

Problem Formulation

...Running Head: Problem Formulation and Identification Paper Introduction Defining the process of problems occur within the management of each company. Recognizing how the objective will frame the problem and provide process to work through the solution. Companies have metrics to measure forces of influences, and quantitative data determine the scope of the problem and how to resolve issues. Most companies use solving skill methods to address managerial decision, identifying the issue and formulating steps to brainstorm all phases of the solution (Paul & Elder, 2006). Problem Formulation and Identification Marilyn Brandy Everyone knows that within this fast pace world an organization is going to always have problems that have to be determined, there are many of unlike kinds of determination creating procedures that a business could employ to help determine these issues. This document will explore most of the unlike kinds of determination creating procedures with demonstrations from not one, but four businesses. Many of the unlike companies and their determination creating procedures change extraordinarily. The Stanford facility payroll and the organization boss in a wholesale organization appear to withdraw aspects in a resembling way because the most important consideration has to be drafted, revised, worked on, determined, and completed before it could be finalized. The YMCA determination creating procedure also resembles in that the issue......

Words: 2157 - Pages: 9

Problem Formulation and Identification

...Running Head: PROBLEM FORMULATION AND IDENTIFICATION Problem Formulation and Identification Paper By: Team Members University of Phoenix In observing the techniques each of us utilize in our organization, the results are similar. We represent administration, health care, food & beverage, and government agency. Our presentation will show the variety of decision-making techniques and how we apply them to the organizations we represent. We will present how we frame the problems in our workplace, make decisions and evaluate those decisions. Lastly we will present the principles of the decision making process and how we apply those principles in our work place. Meet the Group Hi, my name is __________. I work as an administrative assistant in a major hospital in my area. The decision-making style that is most prevalent in my organization is rationale thinking. The tools and techniques that are commonly used to make decisions in my organization are to evaluating the problems by comparing the outcomes of each possible solution and applying the process of elimination. One of the techniques that my organization pushes in the institute is a tool for safety called SBAR. SBAR is an acronym that stands for situation, background, assessment, recommendation or request. I would compare SBAR to the rational style of thinking, in addition to brainstorming once the assessment has been made. The thinker......

Words: 2268 - Pages: 10

Formulation of the Research Problem

...Week 2: Formulation of the Research Problem QNT 561 July 30, 2014 Duane Scott Formulation of the Research Problem The history of Ford Motor Company was invented on superior brand products, which to this day, still exist. Ford is an American automaker, and the 5th largest automaker, according to worldwide vehicle sales. Ford has an immaculate line of vehicles, ranging from cars and trucks, which are among the best selling vehicles in the world. Ford has one of the strongest product lines ever, and based on consistent and continued strong sales, their demand keeps coming, and the Ford brand continues to get stronger. How does Ford and similar companies get their brand out there? In January 2014, Ford made a large financial commitment on digital advertising; Ford is mandating dealers to place more advertising co-op toward digital advertising, such as paid search and banner ads (Barkholz, 2014).  Ford has placed lots of focus on relationship building, and growing as an industry leader in the automotive world. Ford continues to place special emphasis on changing the behaviors, attitudes, culture, and ideology of the organization, to ensure Ford Motors has the best interest of the consumer at all times. Over the years, Ford has learned the importance of seeing the business from the perspective of the customer, which should result in improved services, and new businesses from new consumers (Collier, 1987). Ford Motor Company launched its online marketing plan involving...

Words: 733 - Pages: 3

Formulation of Research

...Formulation of the Research Problem Pamela Kerr, Mary "Jo" Manning, Michael Stauthmer, and Nichole Turgeon QNT/561 Formulation of the Research Problem Research problems are best suited when formulated in a chronological fashion. No rule exists when it comes to the formation of a research problem, but implementing in a logical manner will assist in obtaining the chosen problem, objectives and research questions (McClave, Benson, & Sincich, 2011). Learning Team D will identify an organization and pinpoint an independent and dependent variable based on the organization. Furthermore, the team will develop a scenario, including background, a business problem, and a research problem based on the identified variables. In addition, they will cultivate a hypothesis based on the research question. Identify an Organization At Salus Hospital, CEO Todd Suntrapack’s is responsible for ensuring continued profitability while operating within the fiscal budget. Salus recently conducted a review of their year to date performance and found cuts are necessary to align the hospital with the budget. As a result, Salus Hospital must lay off some employees to stay within budgetary constraints. Independent Variable An independent variable is an isolated variable. Typically in research, only one or two independent variables exist. This limits confusion of data (Shuttleworth, n.d.). Team D is concerned with the correlation between an employee’s age and Salus layoffs. Employee......

Words: 409 - Pages: 2

Mgt 350 Week 3 Team Problem Formulation and Identification

...3 Team Problem Formulation and Identification Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser For More Courses and Exams use this form ( ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar ( ) MGT 350 Week 3 Team Problem Formulation and Identification Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser For More Courses and Exams use this form ( ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar ( ) MGT 350 Week 3 Team Problem Formulation and Identification Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser For More Courses and Exams use this form ( ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar ( ) MGT 350 Week 3 Team Problem Formulation and Identification Get Tutorial by Clicking on the link below or Copy Paste Link in Your......

Words: 1408 - Pages: 6

Mgt 350 Week 4 Team Problem Formulation and Identification

...4 Team Problem formulation and Identification Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser For More Courses and Exams use this form ( ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar ( ) MGT 350 Week 4 Team Problem formulation and Identification Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser For More Courses and Exams use this form ( ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar ( ) MGT 350 Week 4 Team Problem formulation and Identification Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser For More Courses and Exams use this form ( ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar ( ) MGT 350 Week 4 Team Problem formulation and Identification Get Tutorial by Clicking on the link below or Copy Paste Link in Your......

Words: 1341 - Pages: 6

Issue & Problem Identification

... Our team agrees that the problem presented in the article, “Mismanaged layoffs can go ‘horribly wrong’,” is the lack of proper management training provided by the organization and proper preparation when it comes to employee layoffs or termination. All organizations as well as management at one time or another will be or have been faced with hard decision to amplify based on what they see or recognized as the best interest for their organization and the employees that are staying on the team. Laying off employees is a very difficult task for any manager but understanding how the layoff process works will better prepare managers for the layoff process within the organization regardless of the extent of the situation. The impact on a mismanaged layoff can be negative to the company morale and productivity of the employees staying, or as they call the survivors. It is important to follow the law and have knowledge of policies and procedures at the time of a layoff or termination. Having a clear, well-defined vision of the company is critical before the layoff is executed. Respect for employee dignity and respect for the law are also important factors to successfully accomplish this task. Our group has examined two underlying issues in the article, “Mismanaged layoffs can go ‘horribly wrong’,” the communication between management to employees being laid off, as well as the hardship it puts on the company’s remaining employees. The first problem is that management is not......

Words: 1052 - Pages: 5

Mkt 441 Week 2 Learning Team Market Research Implementation Plan Problem Identification and Project Outline

...MKT 441 Week 2 Learning Team Market Research Implementation Plan Problem Identification and Project Outline To Buy This material Click below link Select an organization with which you are familiar. This organization will be the basis for your Market Research Implementation Plan. Be sure to obtain your instructor’s approval before beginning this project. Select a scenario from the following list: An organization is planning to introduce a new product/service in another country An organization is considering introducing a new product/service An organization is considering launching a new business unit An organization is considering pursuing a new geographical market An organization is considering adjusting the pricing of an existing product/service An organization is considering enhancing an existing product/service to meet expanding customer needs An organization wants to evaluate its perceived customer service Prepare a 700 to1050 word detailed outline of your Market Research Implementation Plan in which you address the following: Write an introduction describing your selected organization and scenario. Based on your selected scenario, identify the detailed areas in which market research is needed (e.g., population, target market, per capita) and describe their importance to the organization in the selected......

Words: 262 - Pages: 2

Problem Formulation and Identification

...RUNNING HEAD: DECISION-MAKING January 11, 2009 Problem Formulation and Identification Every organization uses its own decision-making style. Some organizations prefer to use a rational style, which centers on facts and figures, and logical and scientific approaches to their problems. Other companies use an intuitive style, which focuses on emotional aspects of problems and gut feelings. Recently, a group of business students observed how decisions are typically made at their own places of employment. Kori at Prescription Solutions, Jacob at Combined Arms Training Center, Isela at Housing Authority of the City of El Paso, and Micah at Brown-Forman where each examined the strategy most often employed at their organizations. It was found that while each has its own particular style, there were many similarities. These working students also found that each style uses its own set of strengths and weaknesses, and explored how a problem can be described to stakeholders in a manner that is sensitive to their perspectives with various style approaches. Rational Decision-Making Rational decision-making is “a deliberate and logical approach” (Robbins, 2004, p. 21). When faced with a decision, a rational thinker will “emphasize facts, details, and rational cause-effect logic” (Robbins, 2004, p. 21). When a decision must be made, Prescription Solutions’ upper management executives consider three logical business factors: customer......

Words: 1871 - Pages: 8

Problem Formulation Identification

...Problem Formulation Identification Paper Critical thinking is a process that many companies use to operate and run their businesses in a productive and orderly fashion. These decisions should be based largely on the productivity of the growth of the company, and the services that the company performs and offers to the external and internal customers of that business. In this paper the authors will be observing the present decision making processes and discuss the strengths and weaknesses, and the most favorable aspect to describe a process by which the stakeholders can identify in a manner that is sensitive to their perspectives companies. The authors will then do a comparison and contrast of those decision to formulate any particular styles that these businesses may share and if indeed any similar problems or patterns in his or her workplace organizations that may have occurred because of the decisions that have been made. Let s take at look at Valerie’s company which is Acts Retirement Life, Inc. within Acts Retirement Life Inc. the decision making process that is prevalent is Customer Service, set by the CEO of the corporation then filtered down to the different managers and department heads of Acts, Inc. The decision that is created by Acts Inc is that all residents be treated with honor, dignity, and respect, and that no resident should be discriminated for any reason, at any time all, or in any fashion. These decisions that have been made do not only...

Words: 1763 - Pages: 8

Mgt/350 Problem Formulation and Identification

...Problem Formulation and Identification Although problems are typically easy to spot, the formulation and identification of the problem, its effect on the organization, and potential resolutions are more complicated. It is important to understand that any problem presented may not be the actual problem that needs to be addressed. Often an identified problem is merely a symptom of a greater problem that requires a decision. However, the examination of smaller problems or symptoms can largely assist in determining the overarching issues that needs attention. The earliest example of a technique my organization is using is producing Pareto Charts. Pareto Analysis Pareto is a tool or technique that displays information identifying the causes or instances which fall outside of established performance standards. This is typically illustrated in a simple bar chart that provides an easy to read format showing the causes of failures and the number of times the failure was identified. This is organized by the greatest number of instances to the least thus establishing a priority for those problems that will have the greatest opportunity for improvements. The organization measures its performance over a period of time to identify a running monthly performance. This allows the opportunity to more efficiently focus a Pareto analysis where results are going to be more effective. The Problem The supply and logistics business primarily consists of electronic transactions in automated...

Words: 769 - Pages: 4