You have a bunch of complex problems and don't know where to start first?

Then use this McKinsey model and you'll be well on your way to becoming an unstoppable problem solver. McKinsey is the most prestigious management consulting firm in the world, with an estimated revenue of €14.7 billion in 2022, and it's a model the company uses to realize success for clients around the world.

Here are the 5 steps you can apply right away:

Step 1: Problem Identification.

This is the starting point.

Find out what type of problem it is. Is it a superficial problem, or an actual one? What is it about?

Because if you don't, then you're chasing a phantom afterwards.

Step 2: Problem structuring

Now you need to break down the problem.

The goal is manageable, small pieces. From this you derive analytical questions. So, if it's a cost problem, ask yourself how you can optimize each cost driver.

This will give your approach its structure.

Step 3: Data collection

This point is probably self-explanatory.

Get the necessary data. Define your time horizon. Make sure that everything is complete.

This will ensure that your recommendation is based on a solid foundation.

Step 4: Analysis

Now you define your analysis method.

Also check your data again for errors. Clean the data if necessary. Look at the averages and the outliers.

This will give you a complete picture.

Step 5: Synthesis

Now you put everything together.

And answer the most important question: So, what? Show the basis of your decision. Explain why you went this way or that way.

This will ensure that your argument is watertight.