2. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 1 Lesson 1.4 Problem Solving for Entrepreneurs Goals List the six steps of the problem-solving model. Describe ways to improve your problem-solving skills.

3. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 2 Terms brainstorming

4. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 3 Use the Problem-Solving Process

5. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 4 write down what the problem is define why it is a problem quantify the problem Gather Information collect information that can help solve the problem Define the Problem

6. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 5 identify all possibilities before selecting a particular solution Evaluate Alternatives and Select the Best Option quantify or rank alternatives Identify Various Solutions

7. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 6 implement the solution Evaluate the Action Take Action

8. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 7 What are the six steps in the problem-solving process?

9. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 8 Problem-Solving Skills Communicating communicate clearly and confidently listen well Brainstorming a creative problem-solving technique generates a large number of fresh ideas

10. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 9 Mistakes are a learning experience. Learning from Mistakes

11. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 10 How can you improve your problem-solving skills?

12. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 11 PERFORMANCE INDICATORS EVALUATED Evaluate and delegate responsibilities needed to perform required tasks. Demonstrate effective teamwork skills needed to function in a business setting. Demonstrate knowledge of multimedia software and components.

13. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 12 Apply technical skills to create a multimedia presentation which enhances the oral presentation. Demonstrate effective oral communication skills.

14. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 13 THINK CRITICALLY 1.Why must entrepreneurs look at future trends when making business decisions? 2.Why should entrepreneurs look beyond current technology trends when making business decisions?

15. Entrepreneurship: Ideas in Action © Cengage Learning/South-Western Chapter 1 Slide 14 4.How are entrepreneurs affected by a global economy? 3.Why should statistics be used for this presentation?