The Problem-Solving Framework

1. Define the problem: Think impact - what do we need to know?

2. Structure the problem and Generate Ideas: Break down the problem into smaller, manageable parts. Ask what could be the key drivers of the problem?

3. Prioritize Issues: What are the most important issues to address?

4. Plan analyses and work: Where and how should we spend our time efficiently?

5. Conduct Analysis: What are we trying to prove/disprove?

6. Synthesize findings: Think what implications do our findings have? Ask “so what”

7. Developer recommendations: What should we do next?

1. Define the problem

Don’t make quick judgements based on gut feelings or when you are under pressure. Break down the problem into smaller, manageable parts. Ask what could be the key drivers of the problem?

Reference:

• https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-to-master-the-seven-step-problem-solving-process