Question

Mention the importance of problem identification for its long run solution.

Answer 1

Answer:

By defining problems properly, you make them easier to solve, which means saving time, money and resources. Every businessperson needs to master the ability to define problems, or challenges, but very few MBA programs, leadership development programs or management training programs teach this indispensable skill

Problem-solving enables us to identify and exploit opportunities in the environment and exert (some level of) control over the future.