Applying the 5 Whys to Business Strategy

Asking the right questions will help you formulate better strategies and tactics for your company

Photo by Towfiqu barbhuiya on Unsplash

Overview

The 5 Whys is a problem-solving technique that was developed by Japanese industrialist Sakichi Toyoda (yes, the founder of Toyota!).. The technique involves asking why a problem occurred five times to get to the root cause of the issue. The 5 Whys technique can also be applied to business strategy to identify the underlying problems that are preventing a company from achieving its goals.

In this article, we will explore the benefits of using the 5 Whys to improve business strategy and see how this method can help organizations to identify the root cause of their problems.

Benefits of Using the 5 Whys for Business Strategy

1. Identify the Root Cause of Problems

One of the primary benefits of using the 5 Whys for business strategy is that it helps…