Modeling and Problem-Solving in Business Essay

The topic of discussion in this sample essay will be “modeling and problem-solving in business. Problem-solving plays a major role in the functioning of a business. During various operations of an organization, many problems and challenges arise. These problems have to be dealt with as soon as possible in order for the smooth running of the business. Moreover, it becomes an important aspect of the business and also an important concept for the students to understands.

Adding to this we shall include various topics and concepts to provide a clear picture of the topic. We shall include the following topics in this sample essay: first of all, we shall discuss the definition of the problem-solving model in business, after this, we shall discuss the process of problem-solving in business. Later on, we shall look at the purpose of the problem-solving model and finally finish it with various problem-solving strategies.

What are problem-solving models in business?

The term “problem-solving” in business refers to the process of using various means in order to reduce or eradicate issues that hamper the functioning of a business organization and affect their operational or strategic business. Moreover, in a business setting the word problem is used to define a scenario that presents a gap between the set goal and the actual outcome. Adding to this, problems cannot be solved instantaneously in many situations.

Moving on, the problem-solving model is a systematic method or cycle which is used to find a solution to the problem and arising challenges. In addition, the business problem-solving model uses various strategies and methods as per the need of the business. This is because each problem is unique so they cannot be dealt with the same methods. Nevertheless, we shall be looking at the purpose of a problem-solving model in business in the next section of the sample essay.

Process of the problem-solving model in business

As we discussed above problem-solving model is a systematic method of solving a problem. Therefore it follows predefined steps to solve a problem effectively. Moreover, each of these steps is carefully defined in order to approach the problem. Nevertheless, It is a six-step process to be specific. These six steps are as mentioned below:

• Identification of the problems
• Prioritize the problem based on size, potential impact, and urgency
• Using analysis to find the cause of problems
• Exploring and developing several different solutions for problems
• Evaluate possible solutions and decide which is most effective
• Planning and implementation of the solution

Purpose of the problem-solving model

By reading the title i.e. “problem-solving model” one can determine the purpose of the model is to solve problems that arise in business. However, it is not that simple; to solve a problem first you need to identify a problem as we read in the previous section of the sample essay. Adding to this, the problem-solving model provides a criterion to judge what qualifies as a problem and what doesn’t identifying a problem making it easier to tackle it.

Adding to this, a model explores various strategies and methods to find the best possible solution for the problem. As such we can say that the purpose of a business problem-solving model is to identify the problem, calculate its magnitude, analyze it, and determine the best possible solution. Finally using this solution to solve the main issue.

Problem-solving strategies in business

In this sample essay, we shall discuss various problem-solving strategies used in a business setting. Some of these strategies are as mentioned below:

• Trial and error
• Difference reduction
• Means-ends analysis

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