LO1 Know how to recognise business prob
Unit 5 BA Level 2
LO1 Know how to recognise business problems and their causes
1.1 Outline ways of recognising when a business problem exists:
Identifying potential problems in your business is a daily task. At whatever level or stage your business is in, vigilance in the following areas will improve your chance of continued success: cash flow clogs can be problematic if the cash isn't flowing in fast enough; accounting enigmas and their paperwork can sometimes tie you up in knots: marketing, sales and advertising; employment issues; outgrowing facilities can introduce a new set of problems. Often, once identified, some problems defy resolution and must be managed as conditions to be endured rather than situations to be solved.
1.2 Describe how to identify possible causes of business problems:
You can’t come up with an answer unless you have a question first. When you’re looking for a way to identify a problem, it helps to ask yourself questions so that you can come up with potential solutions. Part of identifying business problems and dealing with them should ideally involve the goings-on beneath the surface. Beneath every problem is a deeper issue that has to be dealt with for the problem to be completely eliminated, rather than simply swept to the side. If you leave the underlying cause of a problem in place, you run the risk of the immediate issue coming back time and again.
LO2 Understand techniques for solving business problems
2.1 Describe different ways of solving a business problem: Once data is collected, analyzed and discussed, work with a team to identify possible solutions and put a plan in place. Take some time to think through the detail and use the team to help with the implementation of the plan.
2.2 Outline different ways of planning to solve a business problem:
After the improvement plan has been implemented go back and collect data to test the results to see if improvements were realized. Some results can be realized very
LO1 Know how to recognise business problems and their causes
1.1 Outline ways of recognising when a business problem exists:
Identifying potential problems in your business is a daily task. At whatever level or stage your business is in, vigilance in the following areas will improve your chance of continued success: cash flow clogs can be problematic if the cash isn't flowing in fast enough; accounting enigmas and their paperwork can sometimes tie you up in knots: marketing, sales and advertising; employment issues; outgrowing facilities can introduce a new set of problems. Often, once identified, some problems defy resolution and must be managed as conditions to be endured rather than situations to be solved.
1.2 Describe how to identify possible causes of business problems:
You can’t come up with an answer unless you have a question first. When you’re looking for a way to identify a problem, it helps to ask yourself questions so that you can come up with potential solutions. Part of identifying business problems and dealing with them should ideally involve the goings-on beneath the surface. Beneath every problem is a deeper issue that has to be dealt with for the problem to be completely eliminated, rather than simply swept to the side. If you leave the underlying cause of a problem in place, you run the risk of the immediate issue coming back time and again.
LO2 Understand techniques for solving business problems
2.1 Describe different ways of solving a business problem: Once data is collected, analyzed and discussed, work with a team to identify possible solutions and put a plan in place. Take some time to think through the detail and use the team to help with the implementation of the plan.
2.2 Outline different ways of planning to solve a business problem:
After the improvement plan has been implemented go back and collect data to test the results to see if improvements were realized. Some results can be realized very