COURSES
MBAData Science & AnalyticsDoctorate Software & Tech AI | ML MarketingManagement
Professional Certificate Programme in HR Management and AnalyticsPost Graduate Certificate in Product ManagementExecutive Post Graduate Program in Healthcare ManagementExecutive PG Programme in Human Resource ManagementMBA in International Finance (integrated with ACCA, UK)Global Master Certificate in Integrated Supply Chain ManagementAdvanced General Management ProgramManagement EssentialsLeadership and Management in New Age BusinessProduct Management Online Certificate ProgramStrategic Human Resources Leadership Cornell Certificate ProgramHuman Resources Management Certificate Program for Indian ExecutivesGlobal Professional Certificate in Effective Leadership and ManagementCSM® Certification TrainingCSPO® Certification TrainingLeading SAFe® 5.1 Training (SAFe® Agilist Certification)SAFe® 5.1 POPM CertificationSAFe® 5.1 Scrum Master Certification (SSM)Implementing SAFe® 5.1 with SPC CertificationSAFe® 5 Release Train Engineer (RTE) CertificationPMP® Certification TrainingPRINCE2® Foundation and Practitioner Certification
Law
Job Linked
Bootcamps
Study Abroad
MS in Data AnalyticsMS in Project ManagementMS in Information TechnologyMasters Degree in Data Analytics and VisualizationMasters Degree in Artificial IntelligenceMBS in Entrepreneurship and MarketingMSc in Data AnalyticsMS in Data AnalyticsMS in Computer ScienceMaster of Science in Business AnalyticsMaster of Business Administration MS in Data ScienceMS in Information TechnologyMaster of Business AdministrationMS in Applied Data ScienceMaster of Business Administration | STEMMS in Data AnalyticsMaster of Business AdministrationMS in Information Technology and Administrative Management MS in Computer Science Master of Business Administration Master of Business Administration-90 ECTSMSc International Business ManagementMS Data Science Master of Business Administration MSc Business Intelligence and Data ScienceMS Data Analytics MS in Management Information SystemsMSc International Business and ManagementMS Engineering ManagementMS in Machine Learning EngineeringMS in Engineering ManagementMSc Data EngineeringMSc Artificial Intelligence EngineeringMPS in InformaticsMPS in Applied Machine IntelligenceMS in Project ManagementMPS in AnalyticsMS in Project ManagementMS in Organizational LeadershipMPS in Analytics - NEU CanadaMBA with specializationMPS in Informatics - NEU Canada Master in Business AdministrationMS in Digital Marketing and MediaMSc Sustainable Tourism and Event ManagementMSc in Circular Economy and Sustainable InnovationMSc in Impact Finance and Fintech ManagementMS Computer ScienceMBA in Technology, Innovation and EntrepreneurshipMSc Data Science with Work PlacementMSc Global Business Management with Work Placement MBA with Work PlacementMS in Robotics and Autonomous SystemsMS in Civil EngineeringMS in Internet of ThingsMSc International Logistics and Supply Chain ManagementMBA- Business InformaticsMSc International ManagementMBA in Strategic Data Driven ManagementMSc Digital MarketingMBA Business and MarketingMSc in Sustainable Global Supply Chain ManagementMSc Digital Business Analytics MSc in International HospitalityMSc Luxury and Innovation ManagementMaster of Business Administration-International Business ManagementMS in Computer EngineeringMS in Industrial and Systems EngineeringMaster in ManagementMSc MarketingMSc Global Supply Chain ManagementMS in Information Systems and Technology with Business Intelligence and Analytics ConcentrationMSc Corporate FinanceMSc Data Analytics for BusinessMaster of Business AdministrationMaster of Business AdministrationMaster of Business AdministrationMSc in International FinanceMSc in International Management and Global LeadershipMaster of Business AdministrationBachelor of BusinessBachelor of Business AnalyticsBachelor of Information TechnologyMaster of Business AdministrationMBA Business AnalyticsMSc in Marketing Analytics and Data IntelligenceMS Biotechnology Management and EntrepreneurshipMSc in Luxury and Fashion ManagementMaster of Business Administration (90 ECTS)Bachelor of Business Administration (180 ECTS)B.Sc. Computer Science (180 ECTS) MSc in International Corporate Finance MSc in Sustainable Luxury and Creative IndustriesMSc Digital MarketingMSc Global Supply Chain Management (PGMP)MSc Marketing (PGMP)MSc Corporate Finance (PGMP)MSc Data Analytics for Business (PGMP)MS Business AnalyticsMaster of Business AdministrationMS Quantitative FinanceMS Fintech ManagementMS Business Analytics PGMPState University of New York Bachelors Program - STEM
For College Students

MECE Approach in Problem Solving

$$/$$

Before we proceed any further in this discussion, let's quickly recall what you have learnt so far. You started by understanding the importance of framing the problem statement correctly. We also discussed the various activities that you must carry out to ensure that you arrive at the correct problem statement. Next, you learnt how to analyse a problem by forming hypotheses and test them using issue trees. But we have not yet discussed the good practices that you must keep in mind while framing a hypothesis. 

 

So, let’s hear from our expert, who will help you understand the best way to frame your hypotheses:

$$/$$

In this video, you learnt that all your hypotheses must adhere to the MECE principle. MECE, which stands for Mutually Exclusive and Collectively Exhaustive, is a method of grouping information into elements that are mutually exclusive and collectively exhaustive. You also went through a detailed example to understand the MECE principle, where out of three students who were assigned the task of creating the classification of grades based on the marks received by the students, only Sam created a classification that adhered to the MECE principle. He ensured that no students fall in the range of two different grades at once and that all the students are covered in the grading. 

 

In the next video, you will learn about the different approaches that you can adopt to ensure MECEness of the hypotheses that you have framed.

 

Let’s look at some of these approaches in the next video:

$$/$$

In this video, you learnt about a few approaches that you can use to solve a problem and ensure that all the possible solutions adhere to the MECE principle. Some of these approaches have been summarised in the table provided below. 

 

Approach

Explanation
Apply a formula
  • Let’s say the profits of your company are falling. You can easily think of potential reasons by simply analysing the formula that profit equals total revenue minus total cost. From this formula, you know that profits can decline due to either a decline in revenue or an increase in costs. Clearly, this approach helps you ensure that you are considering all the possible solutions that are MECE in nature
Follow the value chain 
  • This approach to ensure MECEness is useful when you are looking to improve the overall efficacy of your business, which involves several processes. In order to determine MECE solutions to a problem, you have to ensure that you follow the value chain
Follow know processes
  • In order to ensure the MECEness of a solution, you can follow a set of know processes or funnel. A funnel is a series of actions that a user does on a particular product in a flow in order to reach a goal
Go with the established list
  • It is the approach where you adhere to an established list, which ensures the MECEness of your solutions

 

So, these are some of the approaches that you can follow to ensure the MECEness of the solutions that you identify for your problem. You need to keep a few other important considerations in mind while framing and testing your hypotheses. We will discuss them in the next segment. 

 

Additional Resources: