Final answer:
To address a problem at Intel Corporation, such as production delays, one should apply the seven steps in analyzing business problems, which include identifying the given information, defining the problem and determining the unknowns, among other steps.
Step-by-step explanation:
To identify and select a problem in Intel Corporation and apply the seven steps in analyzing business problems, one might consider the challenges Intel has faced in recent years, such as production delays and competition. Here is how one could apply the problem-solving steps:
- Identify the given information: Intel has faced delays in advancing to new chip manufacturing technologies.
- Define the problem: The lag in technology advancement is causing Intel to lose market share to competitors.
- Identify the unknowns: Determine the specific causes of the delays and the extent of market share loss.
- Analyze the problem: Examine the internal processes and external market factors contributing to the problem.
- Explore possible solutions: Consider options such as investing in new manufacturing plants, forming partnerships, or reshaping the supply chain.
- Select the best solution: Evaluate the feasibility, cost, and potential impact of each solution.
- Implement the solution: Put the selected solution into practice, ensuring adequate resources and stakeholder support.
By systematically following these steps, one can craft a strategic response to the identified business problem at Intel.