Structured Problem Diagnosis - The 3 steps - Where is the problem?
6 important questions on Structured Problem Diagnosis - The 3 steps - Where is the problem?
Based on the issue tree that you made to Decompose the gap by drivers, how can another Issue Tree then help you further again?
What is key when you want to find 'Where the problem is?' and which 3 points can help you with this?
- Segment into categories (i.e. Countries, products, markets & distribution channels)
- Find an uneven distribution (which segments have highest percentage)
- Follow the 80/20 (Pareto Principle)
What is the purpose of decomposition and and what does it point towards?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
What does '80/20 rule' entail that the Pareto Principle follows?
What are the 3 caveats (a warning) that can be identified when it comes to segmenting?
- Avoid the trap of the average
- Uneven distribution
- Uncover hidden gaps
- Largest gap may be hidden
- Interdependencies between segments
- Transfer pricing
How can the 3 caveats that can be identified when it comes to segmenting be avoided by consultants?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding