BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A problem statement should include absolute or relative measures of the problem that quantify that gap, but should not include possible causes or solutions! Key elements of an effective problem statement include: Gap: Identify the gap (pain) that exists today.

Detailed explanation-2: -A problem statement is a short, clear explanation of an issue or challenge that sums up what you want to change. It helps you, team members, and other stakeholders to focus on the problem, why it’s important, and who it impacts. A good problem statement should create awareness and stimulate creative thinking.

Detailed explanation-3: -Problem statements often have three elements: the problem itself, stated clearly and with enough contextual detail to establish why it is important; the method of solving the problem, often stated as a claim or a working thesis; the purpose, statement of objective and scope of the document the writer is preparing.

Detailed explanation-4: -In business, a problem statement is a written report on a problematic condition that stands in the way of progress. A good problem statement will cover the “five Ws"-who, what, where, when, and why-surrounding the company’s current state of affairs.

Detailed explanation-5: -How long should your statement of the problem be? Not too long. One page is more than enough for a clear and effective problem statement.