BMT 300 List of Problem Solving Techniques - Updated PDF

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BMT 300 List of Problem Solving Techniques - Updated...

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BMT300 - Problem Solving and opportunity Analysis Technique Objective of Assignment A good problem solving skill is important for the purpose of effectively analyzing management cases. This assignment will expose and equip students with different tools and strategies for solving business problems in a company. Assignment on problem solving and opportunity Analysis Techniques 1. Take a Walk Around Your Problem 2. Six Thinking Hats 3. Devil’s Advocate 4. Force Field Analysis 5. Grid Analysis 6. Metaphorical Thinking 7. Multidimensional Scaling 8. Mind Mapping 9. Morphological Box 10.Pareto analysis 11.Cognitive Map 12. 5 Why’s 13.Drill Down 14.Gap Analysis 15.Cost Benefit Analysis 16. Mixed Scanning 17.Hidden Asset 18.Multi-attribute Decision Analysis 19.Market Assessment 20.Consortium/Collaboration 21.Business Process Re-engineering 22.Decision Tree 23.Internal Venturing 24.Stepladder Technique 25. Single Question Format 26.Groupthink 27.Heuristic 28.Risk Procedure 29.Osborn-Parnes 30.Nominal Group Technique

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31.Root Cause Analysis 32.Fishbone Diagram 33.6M Analysis-Andrew 34.Dialectical Inquiry 35.Is/is Not Analysis 36.IDEAL Problem solving method 37.Expert Approach 38.Delphi Method 39.Incrementalism 40.Reflective Thinking 41.Problem Census 42.Cognitive Biases 43.Multiattribute decision analysis 44.DMAIC 45.Trade offs 46.Troubleshooting 47.Reverse Brainstorming 48.Analysis Paralysis 49.Hurson’s Productive thinking model 50.Ask “12 What Elses” 51.Failure Mode and Effective Analysis (FMEA) 52.8D Methodology 53.PDCA-Cycle 54.A3 Methodology 55.Brainstorming

Instructions: 1. Select a technique from the above list. 2. Each person must pick a different technique 3. Research the technique, get as much information as possible from different sources 4. Pick a case from the custom case book or any of the cases on the course page and use the technique to analyze the case. 5. Write your report; your report should include the origin of the technique and the reason why your technique is the most suitable for solving the case problem. 6. State the advantages and disadvantages of using the technique. 7. Your report should not be more than five pages long. 8. Submit your assignment on safe assign on the due date- see the course outline 9. Use the MLA style for all your references. 10. Observe Seneca College Academic Policy when completing this assignment. Academic Integrity Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca’s commitment to students by delivering high-quality education and teaching excellence, while supporting a positive learning environment. Review the policy, which can be found on: https://www.senecacollege.ca/about/policies/academic-integrity-policy.html Academic Integrity Declaration

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“By beginning this test, I affirm that I will not give or receive any unauthorized help on this exam and that all work provided will be my own. I agree to abide by Seneca’s Academic Integrity Policy and I understand that any violation of academic integrity will be subject to the penalties outlined in the policy.”

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