Mgt 350 Problem Formulation and Identification

Problem Formulation and Identification

Although problems are typically easy to spot, the formulation and identification of the problem, its effect on the organization, and potential resolutions are more complicated. It is important to understand that any problem presented may not be the actual problem that needs to be addressed. Often an identified problem is merely a symptom of a greater problem that requires a decision. However, the examination of smaller problems or symptoms can largely assist in determining the overarching issues that needs attention. The earliest example of a technique my organization is using is producing Pareto Charts.

Pareto Analysis

Pareto is a tool or technique that displays information identifying the causes or...