Reflection- Mind Mapping

Challenge

Whilst working on my several projects as a Financial Consultant, I have learned that I can use  mind mapping as a tool during a design process or problem solving exercise where we seek  to find, through the use of data, the problems / financial challenges in companies, with the aim  of using the same data to create or model solutions for the businesses or organizations.  The reason why we have found it insightful to use mind mapping, is because it is very easy to  organize complex data and information and share it across teams to enable discussion and  find a way forward.  It is also a great alternative to sum up giant reports that are generated from data and which  executives have very little time to review or to look through.  Mind mapping is more intuitive, more creative and more mind engaging.    Selection    During the problem solving sessions, many times, we have collected large amounts of data  and created trends and analysis obtained from the data in spread sheets, graphs, pie charts.  The idea of using the mind maps is to be able to present the complex information in a simpler  manner, thus being able to share the information with a diverse group of people.    Application    Mind mapping has helped me as a financial consultant in understanding the mind of the  customer who for example is keen to outsource my services in seeking to raise additional  funding for their organization, to be used in working capital. The trick here lies in identifying  the correct or right financing mix for the organization, to ensure that they are able to obtain the  requisite amount, apply it to the business and generate returns that will ensure that the  obligations are settled at the stipulated time.  In this case, we are keen to use the tool to move from the what is scenario that we already  know from the data collected, to what if, through the use of the mind mapping tool.  In this case, we have been able to identify the current financing mix and its inadequacies, with  the aim of identifying the ideal financing mix that will help the organization achieve its desired  objectives.    Insight and Approach    This has provided an exciting and insightful avenue to review data collected from different  sources and by different persons, with the aim of coming up with trends that can be identified.  It gives the entire team involved a chance to make comments on the data and trends and  thereafter, these comments can be reviewed to identify those areas that have been  commented most on, thus forming a conclusive assessment or basically arrive at a conclusive  insight of the data presented, that can be shared with the customer and thereafter agreed  upon together before piloting to see if we can proceed on the whole concept.    This course has enabled me identify Design Thinking as a tool that can be applied to review  complex problems even in the financial world and use the same tools to help come up with  easy, tangible and clear solutions that can be communicated to non-financial persons across  a wide spectrum.  Further, we can use the same data Mind Mapping Tool to further create Stories or tell stories  with the data in a simple, fun and exciting manner, eliminating the drudgery that usually comes  with reviewing and discussing numbers.


Reflection- Mind Mapping Challenge Whilst working on my several projects as a Financial Consultant , I have learned that I can use mind mapping as a tool during a design process or problem solving exercise where we seek to find , through the use of data , the problems / financial challenges in companies , with the aim of using the same data to create or model solutions for the businesses or organizations . The reason why we have found it insightful to use mind mapping , is because it is very easy to organize complex data and information and share it across teams to enable discussion and find a way forward . It is also a great alternative to sum up giant reports that are generated from data and which executives have very little time to review or to look through . Mind mapping is more intuitive , more creative and more mind engaging . Selection During the problem solving sessions , many times , we have collected large amounts of data and created trends and analysis obtained from the data in spread sheets , graphs , pie charts . The idea of using the mind maps is to be able to present the complex information in a simpler manner , thus being able to share the information with a diverse group of people . Application Mind mapping has helped me as a financial consultant in understanding the mind of the customer who for example is keen to outsource my services in seeking to raise additional funding for their organization , to be used in working capital . The trick here lies in identifying the correct or right financing mix for the organization , to ensure that they are able to obtain the requisite amount , apply it to the business and generate returns that will ensure that the obligations are settled at the stipulated time . In this case , we are keen to use the tool to move from the what is scenario that we already know from the data collected , to what if , through the use of the mind mapping tool . In this case , we have been able to identify the current financing mix and its inadequacies , with the aim of identifying the ideal financing mix that will help the organization achieve its desired objectives . Insight and Approach This has provided an exciting and insightful avenue to review data collected from different sources and by different persons , with the aim of coming up with trends that can be identified . It gives the entire team involved a chance to make comments on the data and trends and thereafter , these comments can be reviewed to identify those areas that have been commented most on , thus forming a conclusive assessment or basically arrive at a conclusive insight of the data presented , that can be shared with the customer and thereafter agreed upon together before piloting to see if we can proceed on the whole concept . This course has enabled me identify Design Thinking as a tool that can be applied to review complex problems even in the financial world and use the same tools to help come up with easy , tangible and clear solutions that can be communicated to non - financial persons across a wide spectrum . Further , we can use the same data Mind Mapping Tool to further create Stories or tell stories with the data in a simple , fun and exciting manner , eliminating the drudgery that usually comes with reviewing and discussing numbers .