, Creative Thinking and Problem Solving
I
Definitions
creative thinking - process of thinking of new, innovative, out of the box ideas. (unconventional thinking.)
decision making - choosing which ideas best fits with the vision and mission of your busi after considering
all alternatives.
problem solving - involves creative, thinking, and decision-making to choose the best solution.
Creative Thinking
Benifits
solve business problems - new products/services, creative marketing, adapting to challenging product needs.
creative working environment - spirit of play, positive feedback, working in teams, recognition and reward,
freedom to express ideas.
promotes teamwork and non-conventional solutions.
improves quality of production.
motivate employees to improve skills.
improve productivity.
Problem Solving
Cycle
Identify the problem
Evaluate the process Define the problem
Monitor the solution Formulate a strategy
Allocate the resources Implement the strategy
Pro's and Con's List
this techniques helps management to make a decision based on advantages and disadvantages of a specific
option.
eg, should I go into a partnership?
pros cons
• benefits of teamwork. • risk of disagreements.
• low start-up cost. • divided profits.
• greater borrowing capacity. • potential unlimited liability.
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similar to Force Fields Analysis.
DecisionTree
a mathematical model used to help managers make decisions.
uses estimates and probabilities to calculate likely outcomes.
a visual representation of different outcomes to a single event.
helps to decide whether the net gain from the decision is worthwhile.
helps decisionmaker to look at different options and consequences of each.
aim is to promote rational decision-making and clarify available options.
,
risk management can use it - scenarios are brainstormed with possible decisions noted (in case of any
emergency or crisis decision can be made quickly )
I
Definitions
creative thinking - process of thinking of new, innovative, out of the box ideas. (unconventional thinking.)
decision making - choosing which ideas best fits with the vision and mission of your busi after considering
all alternatives.
problem solving - involves creative, thinking, and decision-making to choose the best solution.
Creative Thinking
Benifits
solve business problems - new products/services, creative marketing, adapting to challenging product needs.
creative working environment - spirit of play, positive feedback, working in teams, recognition and reward,
freedom to express ideas.
promotes teamwork and non-conventional solutions.
improves quality of production.
motivate employees to improve skills.
improve productivity.
Problem Solving
Cycle
Identify the problem
Evaluate the process Define the problem
Monitor the solution Formulate a strategy
Allocate the resources Implement the strategy
Pro's and Con's List
this techniques helps management to make a decision based on advantages and disadvantages of a specific
option.
eg, should I go into a partnership?
pros cons
• benefits of teamwork. • risk of disagreements.
• low start-up cost. • divided profits.
• greater borrowing capacity. • potential unlimited liability.
-
similar to Force Fields Analysis.
DecisionTree
a mathematical model used to help managers make decisions.
uses estimates and probabilities to calculate likely outcomes.
a visual representation of different outcomes to a single event.
helps to decide whether the net gain from the decision is worthwhile.
helps decisionmaker to look at different options and consequences of each.
aim is to promote rational decision-making and clarify available options.
,
risk management can use it - scenarios are brainstormed with possible decisions noted (in case of any
emergency or crisis decision can be made quickly )
