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No solution is foolproof, but if you use clarity and logic and avoid acting rashly, you're unlikely to do something you regret, and you could even make a wise decision that benefits everyone involved.Devra Gartenstein founded her first food business in 1987. We (Oath) and our partners need your consent to access your device, set cookies, and use your data, including your location, to understand your interests, provide relevant ads and measure their effectiveness.
Following a clearly delineated set of problem-solving strategies can stop you from acting rashly and making decisions that aren't in your best interests or the best interests of your customers or investors.
Taking a systematic approach to business management problems and solutions won't keep you from having problems in the future, but it gives you important tools to keep future situations from turning into crises.
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In this culminating course, it’s time to use the business tools you have learned throughout the specialization to solve this real business problem.
To help you as you develop a solution to the GAS GAS dilemma, in the Capstone you will also learn a six-step analysis of business problems methodology.
Most problems present themselves as specific situations that have spiraled out of control, but a problem may be short or long term, and it may be confined to a single person, or it may be widespread.
If you include more variables in your analysis, you increase the odds of addressing a problem in a holistic and comprehensive way.
In addition to developing multiple solutions, it's prudent to engage multiple stakeholders when solving problems, especially if these problems call for systems-level solutions.
If you've given quality thought and attention to identifying and analyzing a problem and then developing possible solutions, you have already laid the groundwork for choosing an optimal solution.