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MBA Review Magazine :
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Richard Branson, boss of Virgin group, UK, spends 33% of his time for existing business, 33% in new ventures and 33% in problem-solving; 1% is left for partying. He knows problems are inevitable in business and is mentally prepared to battle those. According to Goldstein & Levin, "Problem-solving forms part of thinking. Considered the most complex of all intellectual functions, problem-solving has been defined as a higher-order cognitive process that requires the modulation and control of more routine or fundamental skills."

Everyone wants to have a smooth ride in life, but encounters problems from birth to death. World Health Organization (WHO) declared problem-solving as the 8th life skill. It indicates that every person must be equipped with techniques to overcome problems in daily life. Problems are nothing but unexpected, unforeseen and unfavorable issues that crop-up because of internal or external forces, or a combination of both internal and external forces. In the case of internal forces, it could be due to negligence or lack of knowledge of an individual that a problem arises. In such a scenario, it can be manageable and can be tackled with unlike external problems which are beyond the control of the individual. It is in this context that individuals get upset, and if the problems recur they get dejected and demotivated.

When there is inconsistency in perception and thinking among people, problems crop up. If the expectations and aspirations are not met there will be dissatisfaction resulting in frustration and problems. When people fail to understand one another they create problems for each other. Ego clashes are the surest way to conflicts. Misunderstanding leads to a communication gap resulting in conflicts. All these can be ascribed to internal forces responsible for the problems.

 
 
 
 

MBA Review Magazine, Problem-Solving Skills, Creative Techniques, World Health Organization, WHO, SWOT Analysis, Strengths, Weakness, Opportunities and Threats, Innovative Techniques, Cluster Problems, Probability Theory, Tangible Factors, Social Problems.