Company Choice and Problem Summary - 25 Points
Choose a company that you would like to investigate. This company should be going through some sort of problems that can be investigated along the way through this project.
Once you have selected a company for your business project, submit to your instructor for approval. If you are choosing a local company, you must make sure you have access to all the information needed to fulfill the requirements of this project. Everyone must choose a different company.
You will be using a 5-step critical thinking problem-solving process, IDEAS, to work through any problems to determine a solution for this project and for any other problems you encounter.
I – IDENTIFY the Problem and Set Priorities (Step 1)
D – DEEPEN Understanding and Gather Relevant Information (Step 2)
E – ENUMERATE Options and Anticipate Consequences (Step 3)
A – ASSESS the Situation and Make a Preliminary Decision (Step 4)
S – SCRUTINIZE the Process and Self-Correct as Needed (Step 5)
Step 1 of the Critical Thinking process.
After your company has been approved by your instructor and before you begin the separate parts of the project, you will go through the first step of the critical thinking problem solving process.
You are to identify your chosen company’s problem and set priorities. As you begin to examine the characteristics of the problem, you will be able to begin to clarify the priorities. You need to describe the problem in at least a paragraph and establish priorities in a separate paragraph. Along with the problem, you need to write a problem statement. A problem statement describes what is currently going on and why the problem needs to be resolved. You should include how long the problem has existed and what measurable item(s) are affected. A problem statement is something that is written in the Lean Six Sigma Process. We won’t spend time in this class learning this process, but if you are interested in