Entrepreneurs who build successful businesses often possess a unique ability to see what others don't—the critical bottlenecks hiding in plain sight that create frustration, inefficiency, and lost ...

Business owners who are great problem solvers within any business are the best prepared to solve their customers’ needs effectively as well. In fact, every business is about solutions to customer ...

First principles thinking is a method of problem-solving that involves breaking down complex issues into their most basic and fundamental parts. Originating from ancient Greek philosophy and ...

Back in engineering school, I had a professor who used to glory in the misleading assignment. He would ask questions containing elements of dubious relevance to the topic at hand in the hopes that it ...

A problem statement is a powerful tool that helps businesses ask the right questions. Used properly, it can lead to efficient solutions and make problem-solving feel like a breeze. Done poorly, it can ...

The Fast Company Impact Council is an invitation-only membership community of top leaders and experts who pay dues for access to peer learning, thought leadership, and more. BY Ophir Ronen Across ...

Have you wondered what it takes to really succeed in business? Often, success requires tinkering with your mindset, so you can accept great success and welcome it into your life. It also requires an ...

Fix sales first — without steady revenue, nothing else in your business survives. Once revenue stabilizes, people problems become the next barrier to growth. Operational efficiency amplifies strong ...

The main economic problem is that Tesla without knowing the exact profitability and cost margins the business is at extremely substantial risk. The decline in profitability margin shows a lack of ...