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What step of the bullet proof problem solving helps avoid making common
decision-making biases? - 🧠ANSWER ✔✔Step 4: Build a work plan and
time table
Primary focus of managerial skills in 1970's - 🧠ANSWER ✔✔Focus on
strategy
Problem solving technique used for prioritization - 🧠ANSWER ✔✔Pruning
,Steps of Bullet Proof Problem Solving - 🧠ANSWER ✔✔Define problem,
Disaggregate, Prioritize, workplan, analyze, synthesize, communicate
Five Whys Technique - 🧠ANSWER ✔✔A form of root cause analysis
popularized at Toyota where the question "why?" is asked five successive
times, each time looking one level deeper at the underlying problem
Probability of an observation that lies bt range of -1 < x < 1. Between one
standard deviations in a normal distribution - 🧠ANSWER ✔✔68%
2 standard deviations - 🧠ANSWER ✔✔95% of data
3 standard deviations - 🧠ANSWER ✔✔99.7% of data
SMART goals - 🧠ANSWER ✔✔Specific, Measurable, Attainable, Realistic,
Timely
Logic trees should be - 🧠ANSWER ✔✔mutually exclusive and collectively
exhaustive
Pruning process - 🧠ANSWER ✔✔remove the elements that are only a
minor influence
Multidimension Analysis: Slicing - 🧠ANSWER ✔✔Keep one dimesion
constant and analysing two dimensions of a cube
, Poiison Distribution applied for - 🧠ANSWER ✔✔Discrete random variable
Measures in multi-dimensional - 🧠ANSWER ✔✔Revenue, quantity, cost of
goods sold
Inductive logic tree - 🧠ANSWER ✔✔subelements on the left and problem
statements on the far right
Deductive logic tree - 🧠ANSWER ✔✔subelements on the right and the
problem statement on the far left
Good problem statements - 🧠ANSWER ✔✔address decision-maker's
values, structured to allow sufficient scope for creativity, specific and
measureable
PDSA - 🧠ANSWER ✔✔Plan, Do, Study, Act
DMAIC - 🧠ANSWER ✔✔Core tool in six sigma project. Used to improve
processes and quality
Design thinking - 🧠ANSWER ✔✔ID need, empathize, define, ideate
(brainstorm), form hypothesis, build, prototype, deliver
Problem Worksheet - 🧠ANSWER ✔✔-Problem statement
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