Ash Maurya describes the importance of writing a problem statement in the business model.

How Customer Problem Statements Can Solve Real Paint Points Innovation starts with understanding your customer. This simple framework helps uncover real problems and engineer meaningful solutions.

Even today, many enterprises are still struggling to be truly data-driven—that is, able to process all relevant data appropriately and in a timely fashion to make better business decisions.

Kinni: Why is the ability to formulate problem statements important? Repenning: Failing to articulate a problem statement reinforces the status quo–it’s the enemy of innovation.

A successful business project starts with a well-thought-out charter statement. The charter meaning in business is the document defines and authorizes the project, outlining its objectives and ...