Problem Solving Statement

Problem Solving Statement-29
The hunt for unicorns driven by Silicon Valley investors requires entrepreneurs to be delusional, considering that there are only 174 unicorns (startups valued at over The hunt for unicorns driven by Silicon Valley investors requires entrepreneurs to be delusional, considering that there are only 174 unicorns (startups valued at over $1B) in the US.It is a mindset that encourages the startup syndrome, an unfortunate wishful thinking on the part of many brilliant startup founders.concluded an experiment ran at MIT by Dan Ariely, a renowned behavioral economist. To get back to our initial example, instead of: Remember The Social Network movie? || The hunt for unicorns driven by Silicon Valley investors requires entrepreneurs to be delusional, considering that there are only 174 unicorns (startups valued at over $1B) in the US.It is a mindset that encourages the startup syndrome, an unfortunate wishful thinking on the part of many brilliant startup founders.concluded an experiment ran at MIT by Dan Ariely, a renowned behavioral economist. To get back to our initial example, instead of: Remember The Social Network movie? B) in the US.It is a mindset that encourages the startup syndrome, an unfortunate wishful thinking on the part of many brilliant startup founders.concluded an experiment ran at MIT by Dan Ariely, a renowned behavioral economist. To get back to our initial example, instead of: Remember The Social Network movie?

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We applied the above thought process for our team: It’s not enough to understand the problem as a phenomenon or as an event; you also have to consider its emotional impact, because this helps you walk in your customer shoes and understand their behavior.

Each problem causes an emotional response (joy, sadness, anger, fear, trust, distrust, surprise, anticipation) and its magnitude is directly linked to the person’s interest in using your solution.

For example, you might have a problem: your car does not start. You can usually find the first cause of this problem by asking Do you still think that building better car batteries is a viable solution in this case?

Or rather coming up with a different solution that solves the servicing schedule?

If someone is merely annoyed by something, they are much less likely to try a solution than if they were angry when the problem occurred.

Fully understanding these emotions is essential in identifying windows of opportunity and triggers that will make your customers use your solution.

Because of this, they feel emotion, then experience quantifiable impact.

Currently, they use alternative solutions despite disadvantages.

While far from being perfect, this way of stating the problem helps everyone better understand the complexity of the problem, completely leaving out the solution.

The generic format of the problem statement can be summarized as follows: When context occurs, customer type who has characteristic and characteristic, have problem.

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