Problem Solving Models In Business

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Some decisions are a simple matter of whether to make a change or not, such as moving, taking a new job, or buying something, selling something, replacing something, etc.

Other decisions involve number of options, and are concerned more with how to do something, involving a number of choices.

In any case, factors/options can be weighted and scored appropriately.

The 'pros and cons' method can be used especially for two-option problem-solving and decision-making issues where implications need to be understood and a decision has to be made in a measured objective sense.

Here are some useful methods for effective decision-making and problem-solving: First a simple step-by-step process for effective decision-making and problem-solving.

See also the decision-making facilitative questions template.This first simple example below enables the weighting of the pros and cons of buying a new car to replace an old car.The methodology is easily adapted for more complex decisions, such as in business strategy and consideration of more complex factors (notably found within other tools such in SWOT and PEST and Porter's Five Forces).(The actual scores below are examples and are not suggested weightings of how to make such a decision, which must be your own ideas).Pro means 'for', and con means 'against' - i.e., advantages and disadvantages.For more complex decisions, several options can be assessed against differing significant criteria, or against a single set of important factors.Good decision-making requires a mixture of skills: creative development and identification of options, clarity of judgement, firmness of decision, and effective implementation.For group problem-solving and decision-making, or when a consensus is required, workshops help, within which you can incorporate these tools and process as appropriate.See also the free SWOT analysis template and examples, and PEST analysis template, which help decision-making and problem-solving.SWOT analysis helps assess the strength of a company, a business proposition or idea; PEST analysis helps to assess the potential and suitability of a market.Using a 'weighted list' scoring method is especially useful in big organizational or business decisions, especially which involve lots of different strategic considerations (as in SWOT and PEST and Porter's Five Forces concept).In such situations you can assess different options according to a single set of criteria (the most important considerations), or you can allocate weighted/scored criteria differently to each option (examples of templates are below).

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