Merits of Effective Statement

09 Merits Of Strong Problem Statements

Recap again:

An effective problem statement will:

Be specific, measurable, and actionable
Drive value to a business if solved
Contain the scope to a specific timeline
Allow for structured, hypotheses driven analyses
Have actionability by providing specific recommendations

Quiz 1

QUIZ QUESTION::

Match the problem statement with its characteristic

ANSWER CHOICES:

Problem statement	Characteristic
Why have costs increased by twofold in the past 2 years?
What are the merits of the top 5% of CPG companies that grew last year?
What is the unhealthiest fast food chain based on fat calories per item?
What has caused percentage revenue growth to decline this year compared to the past 10 years?

SOLUTION:

Problem statement	Characteristic
What are the merits of the top 5% of CPG companies that grew last year?
What is the unhealthiest fast food chain based on fat calories per item?
Why have costs increased by twofold in the past 2 years?
What has caused percentage revenue growth to decline this year compared to the past 10 years?