The solutions-based strategy is a popular approach to business. It starts with identifying needs and building products or services that meet those needs, only then moving on to the next need. Solution-based strategies have found their home in many industries such as agriculture and manufacturing and now they are being used more widely than ever before thanks to advances in technology like AI, ML, IoT sensors etc.
Solution-based strategies are most closely related to the psychological perspective of “cognitive behaviorism”.
At the best of times, as small company owners, we tend to avoid a thorough dive into strategy. Let’s face it, we’re typically too preoccupied with putting out daily fires, maintaining communications, and managing budgets. However, there comes a point when we must put down the fire extinguisher long enough to consider how we will move our company to the next level.
This normally starts with a review of the financials, a comparison of actual outcomes to expected objectives, and a customer satisfaction survey. While statistics and analysis are good strategies, they don’t allow for much in the way of creative, outside-the-box thinking.
If Henry Ford had asked his consumers what they wanted, they would have responded faster horses, according to him. Ford was clearly not focusing on his company’s data in order to develop a quicker way to travel about.
Do you want to make your company more innovative? Then give this solution-based strategic approach from Playing to Win’s co-authors a try.
Create Options – There are always numerous paths to the same destination. Create a variety of approaches to achieve the same goal.
Specify Conditions — Once a list of options has been created, examine each one individually to see whether it is a feasible plan. Inquire with your team about the circumstances that would be required for that potential to be realized. It’s important to note that you’re not asking whether these requirements already exist.
Identify Obstacles – Now that the conditions have been established, go through each one and select which one has the greatest chance of materializing.
Design and Run Tests — Conduct research or surveys to discover if there are any solutions to mitigate the danger of these identified obstacles. This is where data comes in handy.
Make a decision based on which option has the best likelihood of success.
You may not be as well-known as Henry Ford, but this technique has undoubtedly assisted numerous firms in breaking free from the existing quo and favorably influencing their company’s path.
Solution-based therapy is a type of therapy that focuses on finding solutions to problems. It is based on the idea that people are better able to solve their own problems when they don’t feel like they’re being judged or criticized by the therapist. Reference: key concepts of solution-focused therapy.
Frequently Asked Questions
What is a solution based strategy?
A: A solution-based strategy is a way of thinking that analyzes the current situation and formulates an action plan based on what is best for your company.
What does solution based mean?
A: Solution-based means that the solution is correct.
What is solution based marketing?
A: Solution-based marketing is a strategy that aims to provide the customer with an actual solution. This can come in many forms, such as providing customers with free shipping or coupons for their next purchase.
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