Systematic Problem Solving: Mind Maps and Problem Solving Tools
Problem solving in business
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PROBLEM SOLVING IN TECHNOLOGY BUSINESS Executive Series: Tom Fedro, Paragon Software Group, Irvine, CA
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I am doing a series spotlighting the wisdom of executives. The first in the series shares Irvine, California-based Tom Fedro's insights on problem solving. To be a successful start-up entrepreneur, problem solving is critical--especially in the technology industry.
Transcript of Problem solving in business
PROBLEM SOLVING IN TECHNOLOGY BUSINESS
Executive Series: Tom Fedro, Paragon Software Group, Irvine, CA
04/10/2023Executive Series: Tom Fedro, PSG, Irvine, CA
ALL BUSINESS IS ABOUT SOLVING PROBLEMS
From the earliest trade to the most recent, a problem is identified (or even created) and someone comes along with a solution to solve that problem.This is especially true for start-ups.
Photo Credit: Encyclopaedia Britannica, The Cleverness of Crows, 10/07/2013.
04/10/2023Executive Series: Tom Fedro, PSG, Irvine, CA
VIDEO GAMES CREATED FOR ENTERTAINMENT
What problem does a video game solve?
About 44% of Americans utilize another device while watching television.
NATPE, Jan 2014
Boredom.
04/10/2023Executive Series: Tom Fedro, PSG, Irvine, CA
THREE CRUCIAL ELEMENTS FOR START-UPS TO SOLVING PROBLEMS
04/10/2023Executive Series: Tom Fedro, PSG, Irvine, CA
IDENTIFY THE PROBLEM
If you’re not looking at your product as the means by which a problem is solved, you’re not in the world of technology. You may have the most beautiful code in the world, but it is useless if it doesn’t solve a problem.It’s hard to create a solution when you’ve no idea what it is you’re trying to solve in the first place or the benefits is will bring.
04/10/2023Executive Series: Tom Fedro, PSG, Irvine, CA
SOLVE THE PROBLEM
Recognize why the problem exists. For example, if backing up your computer were easy, there would be no demand for automated backup solutions.
04/10/2023Executive Series: Tom Fedro, PSG, Irvine, CA
UNDERSTAND THE HUMAN COMPONENT
It isn’t enough to identify and solve the problem. A successful start-up must know how to bring the solution to the people.Successful entrepreneurs do all three.
04/10/2023Executive Series: Tom Fedro, PSG, Irvine, CA
WHAT’S YOUR PROBLEM?
Tom Fedro is president and CEO, of Irvine, California-based Paragon Software Group Corporation. Mr. Fedro developed the business strategy and operations plan for the company and hired the team for its execution. Currently recognized as one of the “Best Places to Work” by the OC Business Journal, Paragon is the 3rd fastest growing private company in the region.
You can reach Tom Fedro at www.TomFedro.com and www.linkedin.com/in/tomfedro.
