Problem Solving (Grade 10 NSC Matric Business Studies): Flashcards
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Practise the cards
10 cards from this deck
Problem solving definition
Problem solving definition
Finding effective solutions to difficult/complex business challenges
What problem solving requires
What problem solving requires
Creative thinking and critical evaluation
Why problem solving essential in business
Why problem solving essential in business
Managers & employees face daily challenges needing solutions
Number of steps in problem-solving cycle
Number of steps in problem-solving cycle
Seven steps
Step 1 of problem-solving cycle
Step 1 of problem-solving cycle
Identify problem - recognise it exists, create problem statement
Step 2 of problem-solving cycle
Step 2 of problem-solving cycle
Define problem - explore underlying causes, focus on real problem
Step 3 of problem-solving cycle
Step 3 of problem-solving cycle
Formulate strategy - identify all possible solutions
Step 5 of problem-solving cycle
Step 5 of problem-solving cycle
Allocate resources - arrange people, money, time, equipment
Step 7 of problem-solving cycle
Step 7 of problem-solving cycle
Evaluate - consider advantages/disadvantages, assess if solved
Decision making vs problem solving focus
Decision making vs problem solving focus
Decision making: choosing alternatives; Problem solving: find solutions