Create an 8–10 slide PowerPoint presentation that defines a business problem, explains how the problem affects an organization, and describes possible solutions. Recommend the best solution for the problem and organization, and justify the recommendation.
The ability to effectively solve complex business problems is critical to sustaining organizational quality, essential to achieving strategic goals (Deutsch, 2013). Van Aken, Berends, and Van Der Bijthe (2012, p. xiv) note that in solving business problems the “focus is on designing what can be, or what should be, in order to improve the performance of a specific business system on one or more criteria.”
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
- Competency 1: Explain the underlying principles of successful business.
- Explain how a business problem affects an organization
- Explain how a solution to a business problem will result in increased sustainability.
- Competency 3: Solve business problems using critical and creative thinking.
- Describe solutions to a business problem.
- Explain the advantages and limitations of solutions to a business problem.
- Recommend a solution to a business problem.
- Support a recommended solution to a business problem with relevant evidence.
- Competency 5: Communicate in a manner that is scholarly, professional, and consistent with expectations for the field of business.
- Write in a well organized, clear, and succinct manner.
Deutsch, C. (2013). The seeking solutions approach: Solving challenging business problems with local open innovation. Retrieved from http://timreview.ca/article/664
van Aken, J., Berends, H., & van der Bij, H. (2012). Problem solving in organizations: A methodological handbook for business and management students (2nd ed.). Cambridge, MA: Cambridge University Press.
Applying critical thinking and effective decision making in your professional life will help you better understand the factors that influence your thinking, as well as the potential implications of your decisions as you solve complex business problems. Effective decision making requires the ability to consistently identify and choose the best option from multiple possibilities. It also requires creativity and logic.