Considering Toyota Motor Company:

One requirement of this unit's assignment includes the development of a problem statement for the OIP you will build for your client company. An important step in this development is to clearly identify the problem.

For this discussion, consider problem statements as you respond to some of the following:

In the development of a problem statement, what are some components you consider important as you identify the real causes of a problem?

How would you describe a problem in a way that is clear to the management team that will be evaluating the OIP?

Why is it important to keep your audience in mind as you determine what level of information and detail is appropriate?

What role does the cost-benefit relationship play as you frame the problem and proposed opportunity?