5 May 2022

241

Integrating Excel into Business Problem Solving

Format: APA

Academic level: College

Paper type: Assignment

Words: 823

Pages: 3

Downloads: 0

Week 1

There is a time when My friend Michael and I invented a mobile banking application that would enable people to view their balance at their convenience, pay for the goods and services through the same application and access small soft loan using the same application. After months of trial and error, the mobile banking application was completed since it was functioning as it was required and all the functions that it was intended to do was meet (Rasiel, 2001). After that, we started seeking for potential investors who will buy less than 20 percent of the shares. After a long search, we managed to find an investor the money that the investor would invest was used to register the rights of the application and market the application ( Schmidt, 2017) . We marketed the application and invited people to the launch of the product. Reservation was made, and the venue of the launch was announced. On the eve before the day that the application is going to launched I decided to cancel all the plan since few people had confirmed their attendance. As a result, the Investor demanded Michael and I pay him his money since we were irrational and never let the function to go on as it was scheduled. As per my story, I am a Random Chance Submitter person. As per the situation I was in I relied on random chance since I had a hard enough time picking a clear winner among their possible options. 

In my opinion and experience, I would advise people not to irrational and impulsive in when deciding for the group. People’s opinion on a subject matters a lot and should be considered and analyzed if it is viable. I realized that conclusion should not be reached impulsively since it may lead to many regrets ( Devillard, Sancier-Sultan, Werner, Bannelier-Sudérie, & Kossoff, 2014) .

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Week 2 

The rule that I will choose to improve my self is don’t boil the ocean. Don’t boil the ocean is used as an illustrative term for saying you’re trying to do too much with the resources you have available—perhaps to the point of detriment. Unfortunately, we tend to tackle too many goals, overwhelming and exhausting ourselves before measurable progress is made (Rasiel, 2001). Many think they can fix everything and address every concern, which means little or nothing gets done, and then they lose focus and move on. All too often these companies lack a sense of realism and priority when dealing with problems ( Schmidt, 2017) . In this world of many problems, it is good to avoid being tempted to boil the ocean. Everything cannot be done at a go as many people would want it. There are higher chances that you will kill yourself with stress if you attempt to boil the ocean. It is important to change the things I can and focus conquering what surrounds me. It is important to focus on completing one or two tasks. I will create an action plan to deal with the one or two issues in order to achieve visible progress. Making visible progress in the task helps me be interested in my work. Also, I will invest in the one or two activities this accord me a sense of accomplishment. Opportunities will avail themselves once I start doing this. These opportunities will avail different set of challenges around to solve ( Devillard, et al. 2014)

Trying to “boil” the ocean is not an achievable mission to take because of its sheer magnitude failure. When attempting too many problems or large problems, the chances of you succeeding are minimal. The best viable action is to come up with strategic objectives and plan to solve the one or two issues. It is important to take a cup of the ocean and boil instead of attempting to boil the entire ocean to get a cup of water. 

Week 3 

McKinsey’s alumni believed in the principle that the more we have invested in something, the less likely we are to let it fail. When you give something or someone our time money and other resources the chances of you succeeding in that task or endeavor is high because you will do each and everything possible in your power to ensure that task or endeavor is a success (Rasiel, 2001). When we right book, report, project, and presentation and we invest our time money and other resources in it, then the chances of succeeding are high ( Devillard et al. 2014) . When Bob Garda was given the presentation of McKinsey’s alumni, he was impressed by the work that was accomplished. Bob was impressed because McKinsey’s alumni could provide the answers to the queries that he posted immediately. It is evident that McKinsey’s alumni dedicated his time and other resources to the presentation and this explains why Bob was impressed with the manner he was answered. Bobby went on to applaud McKinsey’s alumni that he had never had such a presentation from McKinsey ( Schmidt, 2017)

The effective lesson that I learned is to have a presentation that is flexible. A good presentation structure will permit the presenter to the flexibility to alter the pitch depending on the reaction of the audience. It is not advisable to stick you our to the script each time you do a presentation; the presenter is required to establish eye contact with his audiences. 

References

Ethan M. Rasiel .2001. The McKinsey Mind

Devillard, S., Sancier-Sultan, S., Werner, C., Bannelier-Sudérie, T., & Kossoff, C. (2014). Moving mind-sets on gender diversity: McKinsey Global Survey results.  McKinsey & Company .

Schmidt, S. (2017). The (Ante-) Narrative of G/growth in Management Consulting as Liminal Sense-Making Strategy. In  ReThinking Management  (pp. 151-170). Springer VS, Wiesbaden.

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StudyBounty. (2023, September 15). Integrating Excel into Business Problem Solving.
https://studybounty.com/integrating-excel-into-business-problem-solving-assignment

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