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Thinking Critically

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Thinking Critically

Thinking Critically An asset is someone or something that is a viable liquidity that expresses a positive value. Being a positive value to a company is a person who can analyze and execute decisions. In this simulation our team had to establish ways to overcome adversity that happens in everyday business. Establishing a value to these problems helps the understanding of how to solve intricate problems in business. Using several tools and techniques helps to develop a clear concise simulation outcome to better business.
Evaluation Tools and Techniques The problem solving tools and techniques used in the simulation are importance weighting, criteria matrix, and benchmarking. In the beginning of the simulation the user is asked to categorize the problems of the store into four different categories. These categories are: urgent and critical, non-urgent and critical, urgent and non-critical, and non-urgent and non-critical. This is both an example of importance weighting and criteria matrix because the user is asked to place importance on the problems faced and then asked to place them into a matrix based on that importance. Benchmarking came in at the end of the simulation when we’re being asked to choose the metrics that will be used to measure the impacts of the decisions made previously. The problem solving tools that I would have chosen are histograms, mind mapping, and cause-and-effect (fishbone) diagrams. First I would use the histograms to measure the previous trends and try to pinpoint when loss of sales and the other problems began to occur. Next I would use mind mapping to attempt to think of what the possible causes could be. Then I would use the fishbone diagram to make sense of what I had come up with and to determine if my assumptions were correct.

Techniques The techniques used

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