Professor Corey Phelps joins Cheddar in Los Angeles to discuss why problem-solving skills are so scarce and shares a 4-step approach to tackle your next complex problem.
Based on findings published in his latest book, Cracked It!, which is co-authored with colleagues from HEC Paris, Prof. Phelps states that solving a problem can be broken down into the following steps: State, Structure, Solve, and Sell.
In an article for Forbes, Professor Corey Phelps and colleagues from HEC Paris list and illustrate the five common pitfalls that many will succumb to when trying to tackle a complex problem.
Being wary of these traps and adopting a disciplined approach to solving problems, as defined in Prof. Phelps’ latest book, means that you will be better equipped to succeed in the face of your next big problem.
In virtually any career path chosen, problem-solving skills are indispensable. Yet, these skills are often not formally taught in most business school curricula or in the workplace.
This is what prompted Professor Corey Phelps and HEC Paris co-authors to combine to their expertise by authoring a book on this very topic.
Launching this July, Cracked It! offers a comprehensive approach to tackling complex problems that traverse disciplinary boundaries and know-how.
The ability to solve complex problems is crucial for effective leadership, yet is rarely mastered by MBA graduates entering the workplace. Drawing from their forthcoming book, Cracked it! How to Solve Big Problems and Sell Solutions Like Top Strategy Consultants, Desautels Professor Corey Phelps and his HEC Paris co-authors look to the management consulting industry to demonstrate that these skills can and should be taught.
Chemical companies are increasingly using specialist investment arms to nurture new ideas
Air Miles Canada may have thought abandoning its unpopular expiration policy would calm the cardholder backlash from those who rushed to spend miles, but were frustrated by full flights, sold out merchandise, and long customer service delays. In fact, many fans of the popular loyalty rewards program are still fuming mad.
“Air Miles is going to increase the number of miles it takes to redeem a particular product or service,” said Corey Phelps, an associate professor of strategy and organization at McGill University.
Authors: Basu, S., Phelps, C.C., Kotha, S.
Publications: Strategic Entrepreneurship Journal
Abstract:
How Would You Define Organizational Knowledge for Someone Who is not Familiar with the Term?
COREY PHELPS: Corey Phelps.I work at McGill University in Montreal,Canada. [Corey Phelps, Associate Professor of Strategyand Organization, McGill University]And my field of research is in the areaof innovation and strategy.[How would you define organizational knowledgefor someone who is not familiar with the term?]So organizations are collections of individuals.So organizational knowledge wouldbe the collection of knowledge of the individuals.
The strength of business schools within universities
Business schools that are established within universities benefit from an ability to offer students a broad scope of opportunities and experiences. These environments have larger faculties with greater diversity, more ongoing research projects and extensive resources, and a wider variety of programs.
Authors: Wadhwa, A., Phelps, C. and Kotha, S.c
Publication: Journal of Business Venturing
Authors: Sandip Basu, Corey C. Phelps and Suresh Kotha
Publications: Strategic Entrepreneurship Journal
Authors: Heidl, Ralph, Steensma, H. Kevin & Phelps, Corey.
Publication: Organization Science, 25 (5) (September-October, 2014): 1351-1371
Abstract:
Authors: Heidl, Ralph, Steensma, H. Kevin & Phelps, Corey.
Publication: Organization Science, 25 (5) (September-October, 2014): 1351-1371
Abstract:
