User Tools

Site Tools


week02

Week 002

Thursday 24 June 2021

Ananda

Wednesday 23 June 2021

  • Bill Gates - Co-founder of Microsoft
    • there are many paths to success
    • basic knowledge of sciences, economics
      • not necessary to actually know how to do it, but to know what is possible or not
  • Howard Schultz - CEO of Starbucks
    • Believe you can succeed
  • Reed Hastings - CEO and Co-founder of Netflix
    • Hierarchy of factories had dominated
    • creativity needs new ideas, lot more freedom, tolerate small mistakes
    • manage on edge of chaos
    • flexibility and innovation, not efficiency
    • inspiring people instead of supervising them
  • Richard Branson - Founder of Virgin Group
    • Passion, enjoy what you do

Tuesday 22 June 2021

Herbert Lian

  • (Re)Frame/Define Problem: SCQ first
    • Situation: don't waste time, just align with what client wants
    • Complication: what has changed ?
    • Question: how to solve the problem arising from the change.
    • Only when we have a good grasp of the problem framing before moving on to generating hypotheses. Otherwise, go back to fact-finding to be more sure of your diagnosis.
    • We start off by Framing, then come back to ReFrame if our discussions find the original problem framed is not adequate/appropriate/too wide/narrow, i.e. when the team is stuck
  • Generate Hypotheses: to Converge ideas: testable assumption/solution/option
    • Six Sigma DMAIC is purist/comprehensive way of solving problems
      • that's why for consultants, use hypotheses solving, place your bet by testing
      • bet based on back of envelop testing
      • if selected hypothesis is not proven, move on to next bet
    • Options are always many, usually the problem is how to whittle down the many solutions into workable action plans
    • Why turning possible solution into either it works or not, hence result in convergence of possible solutions, i.e. verify or falsify assumptions
    • Pyramid Principle
      • Sub-hypotheses: Breakdown the main hypothesis into its component parts
        • e.g. create new sub-hypotheses to address the people, equipment and location/venue, i.e. pre-conditions
        • to test the assumptions underlying assumptions
        • identify the main categories of assumptions that are necessary for the Core Hypothesis
          • MECE: Mutually Exclusive, Collectively Exhaustive
  • Plan Your Work
    • Check/Test hypotheses
  • Prioritise analyses
    • Back of envelope/ball park numbers
    • prioritise: effort required x impact, 80/20 rule
      • modelling
      • Quick wins, Big wins(big impact), wild shot(low impact, high effort),possible traps
    • estimate whether something in consideration is significant
    • overcome fear of lack of numbers

Monday 21 June 2021

Andrew Osborne

Creative Problem Solving

  • Deductive thinking
    • Mental models
  • Inductive thinking/approach
    • illustrated by 95% drop of phone used, air travel
    • a more accurate answer
  • “We're always in a box”
    • Shift from mental model to another
  • Creative problem solving in Business
    • Different perspective, e.g. Apples iPhone, iPad, etc, are not new
  • Tools to shift mental models
    • De-constrain
      • Specify problem
      • List inherent beliefs
      • Challenge the beliefs
      • Reframe problem
      • Illustration: Ryan Air
    • Re-formulate the question
      • Be more specific/clearer, based on experience
      • Well-crafted questions, needs to rigorous to frame the correct practical question
        • Engaging and aligning
      • Zoom in on situations that we can visualise
        • identify target audience
        • time-bound the issue/problem
        • mention venue/location
    • Shift perspective
      • Generate ideas technique: shift personas/perspectives
      • use personas representing each customer group
    • competitor's perspective
    • future perspective - think of where you want to be at a certain point in the future, then look back and think of what could have gotten you there
    • think through the lens of a different company (not related)L philosophy, world view, e.g. Apple
  • Making decisions
    • Reframe:
    • Diverge: quantity of ideas, crazy ideas, brainstorm
    • Converge: running out of time, judge, analyse, selection criteria
      • discuss/align/debate
      • eliminate impractical options
      • combine options
      • edit options
      • list pros and cons
      • list “good” criteria to judge
      • take to higher authority
      • vote: green (low hanging fruits), amber (lay the groundwork for future), red
      • identify cost(benefit) vs impact
        • go for low-hanging fruits first
    • Act:
  • asd

Structuring & Problem Solving

Four stages:

  • Frame/Define Problem
    • Situation
    • Complication
    • Question
  • Generate Hypotheses
    • Pyramid Principle
    • MECE: Mutually Exclusive, Collectively Exhaustive
  • Making decisions
    • Reframe
    • Diverge
    • Converge
    • Act
week02.txt · Last modified: 2021/06/24 08:10 by suhaw

Donate Powered by PHP Valid HTML5 Valid CSS Driven by DokuWiki