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Student has determined Essay

Time Context Specify the time context (month and year). The time context should tell us when the problem was observed, which requires the necessity of an action. A business problem will have different solutions under different political and economic environments. In solving business problems, the student must specify must specify the viewpoint he Is taking. It Is always on the manager’s viewpoint. Given a business problem, the those of other company officers. A problem is a deviation or an imbalance between what should be and what is actually happening.

This imbalance is caused by a change of one kind or another. A problem could be answered by the question – what is wrong that needs correcting? A business case may contain a variety of issues or problems, from the trivial to the significant, from the irrelevant to the relevant. The student should focus his attention on the key central problem. The elimination of the central problem will eventually result in the elimination of other peripheral problems. Specify what the problem is by describing it very accurately in arms of four dimensions: identity, location, time, and extent.

Objectives are specifications by which alternative courses of action are to be developed. These are statements

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or functions to be performed or to be undertaken by the courses of action. Must or Short-Range Objective. This objective sets the limits that cannot be violated by any alternative course of action. These objectives will help the manager recognize the screen out the impossible and poorer alternatives right at the outset. Theses objectives are of absolute importance to success of the decision and the arrival of the organization.

These objectives should be attained within a year. When the student has determined what he considers to be the central problems and has defined his objective, he must proceed to organize the facts around the possible causes of the central problem. This requires the separation of the significant areas from the unimportant ones and the relevant to the irrelevant. The analysis of each area must come from the personal opinion of the analyst and not from the case facts.

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