Analytical Thinking Skills for Problem Solving...

Analytical Thinking Skills for Problem Solving Employees of an organization face a large number of problems of various natures in their work life. The employees need to have personal resilience to handle the challenges and pressure which the problems bring along with them. It becomes easier for them to solve those problems if they have analytical thinking approach to the problems, have the required analytical skills with them, and know the use of various analytical tools. Analytical thinking is a powerful thinking process for understanding the parts of a situation. It is defined as the ability to scrutinize and break down facts and thoughts into their strengths and weaknesses and developing the capacity to think in a thoughtful, discerning way, to solve problems, analyze data, and recall and use information. Analytical thinking skills enable the employees to think through issues and to focus on priorities for action.  It not only supports the problem-solving but also helps in judgment and decision-making, and ensures action is followed through. The employees’ capacity to demonstrate analytical thinking skills make them give importance to a rigorous, logical and reflective approach to situations and issues which help in turn to stick to the art of the possible, and prevents burn out. These skills also help the employees to make best use of the resources to secure improvements and to bring results. With analytical skills, employees are able to identify and define problems, extract key information from data and develop workable solutions for the problems identified in order to test and verify the cause of the problem and develop solutions to resolve the problems identified. Employees having analytical skills are able to (i) evaluate information or situations, (ii) break them down into their key components, (iii) consider various ways of approaching...

Resource Management

Resource Management Organizational resources are the assets that are available to the organization during its functioning and in its operational activities. Organization utilizes its available resources to pursue its objectives and goals. Organizational management is responsible for acquiring and managing the resources for the accomplishment of the goals. Organizational resources are combined, used and transformed into finished products during the production process as shown in Fig 1. Fig 1 Organizational resources and production process  Organizations rich in resources are better able to survive external and environmental turbulence. Resources positively influence performance and sufficient resources are essential for successful performance and organizational change. The role and the importance of resources in achieving organizational goals cannot be undermined. Distinctive organizational resources generate a sustainable competitive advantage and lead to better performance. Resource management is an important aspect in managing the efficient and effective deployment and allocation of the organizational resources when and where they are needed. Resource management needs to be systematized for keeping a close eye on the resources. This process of systematization maximizes the efficiency of the available resources as well as minimizing of the wastage of the resources. Effective, proactive resource management delivers the utmost level of optimization and efficiency by enabling proactive allocation of resources based on organizational policies. At this level, implementation of organizational policy oriented resource allocation ensures that resources are provisioned in advance of organizational needs and in alignment with overall organizational priorities and objectives. This drives the highest possible resource utilization rates, while simultaneously minimizing organizational risk. Organizations must normally have a defined resource management process which mainly guarantees that resources are never over allocated across multiple needs.  According to Peter Drucker, there is need to focus on resources in the organization in order to abandon a less...