100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Summary

Summary Creative Thinking & Problem Solving - Business Studies (Grade 12)

Rating
-
Sold
1
Pages
2
Uploaded on
07-10-2018
Written in
2017/2018

Creative Thinking & Problem Solving - Business Studies. This section includes: - Creativity - Problem solving

Institution
Course








Whoops! We can’t load your doc right now. Try again or contact support.

Written for

Institution
Course

Document information

Uploaded on
October 7, 2018
Number of pages
2
Written in
2017/2018
Type
Summary

Subjects

Content preview

CREATIVE THINKING and
PROBLEM SOLVING
• Creative thinking is the ability to look at problems/challenges differently. Creative
thinking is a process of generating something new that is valuable and useful.
Problem solving techniques requires creative thinking.

• Problems are challenges that have not yet been conquered. Problems can be
anticipated (Predictable Problems) or they can be unexpected. Problem solving is
the process of finding solutions to difficult or complex issues.

• Pros and Cons Chart:
o Arguments both for and against each option, and base your decision on the
one that has the highest number or most convincing
o Weighting can be used to rank the importance of certain aspects

• SWOT analysis
o Strengths
o Weaknesses
o Opportunities
o Threats

• PESTLE analysis
o Political
o Economic
o Social
o Technological
o Legislation
o Environmental

• Decision Tree Technique:
o Used by management to graphically compare the different options available
when making a decision
o Its aim is to promote rational decision making and clarify available options
o Used especially for risk management or project management/planning
o Likely scenarios are brainstormed with possible decisions noted
o When a crisis arises – the decision tree is used to apply to that specific
situation (pre-planned response with options analysed under calm conditions)

• Value Chain Analysis:
o All functions within a business need to be analysed
o Fast food company – processing function, etc.

• Delphi Technique:
o A problem solving technique using electronic communication as opposed to
using the conventional meetings in boardrooms
o When input from a group of experts are required for complex problems, but
cannot physically get together – a question is then posed and through various
electronic formats the issue is then discussed/brainstormed or

1
$3.02
Get access to the full document:

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached


Also available in package deal

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Sashti Stellenbosch University
Follow You need to be logged in order to follow users or courses
Sold
293
Member since
7 year
Number of followers
234
Documents
40
Last sold
8 months ago

4.5

91 reviews

5
61
4
18
3
8
2
1
1
3

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions