Situation Analysis and Problem Statement
When faced with personal and/or organizational problems, the steps which one takes to solve these problems are crucial, and is a common act in one's everyday life. Problem solving skills help to determine the outcome of a situation but, more importantly, they will help to ensure that the real problem is identified. "Defining the right problem the right way is both the most difficult and the most critical step in problem solving" ("Defining the Problem: The Critical Step to Realizing Opportunities", http://mycampus.phoenix.edu, p.1). Using a step-by-step problem-solving process, not only will solutions be identified, but the "process also incorporates appreciative inquiry, which helps to reframe the problem into an opportunity and defines success in terms of the desired future end state and success factors ("Problem Solving Based Scenarios: An Approach to Identify Opportunities to Create Value for the Business", http://mycampus.phoenix.edu, p.1). Additionally, key stakeholders and their perspectives can also be identified. Throughout this paper I will use the nine step problem solving model in an effort to analyze Gene One, a biotech company that is looking to become a public entity within the next three years.
Situation Background (Step 1)
During the problem-solving process it is important to identify both the challenges and opportunities when describing the situation. During step one of this model one should "describe the situation and provide an initial description of the issue or opportunity, which will become the basis for defining the "right" problem" ("Problem Solving Based Scenarios: An Approach to Identify Opportunities to Create Val ...