Nick Cesare is a Newsweek writer based in Boise. His focus is writing on pets, lifestyle and workplaces. Nick joined Newsweek in 2023. He is a graduate of Boise State University. You can get in ...

Most business problems have numerous solution options ... Describe each option in as much detail as possible. For example, possible solutions for reducing high employee turnover might include ...

but if you don't identify the problem - the customer's pain, the roadblock to their success - nobody's going to throw money at your solution. That's for sure. Example: If you've ever wondered how ...

Entrepreneurs sometimes spend years trying to fix a problem–and that’s an even larger problem. Don’t fix it. Find an opportunity to make money from it instead. Problems come at entrepreneurs ...

There are ways to resolve the principal-agent problem. The onus is on the principal to create incentives for the agent to act as the principal wants. Consider the first example, the relationship ...

The Paris climate agreement is another example of an attempted grand solution to a large-scale problem – climate change. The goal was to get all nations to agree on limiting temperature rise ...

The pattern is clear: Spurred by a penchant for action, managers tend to switch quickly into solution mode without checking whether they really understand the problem. A version of this article ...