Answering the question, “Does everyone want to be profitable?”, depends on the goals set by the CEO and executives of the company regarding the desired outcomes from the systems used by the firm to drive profitability. In most cases, it is up to the managers and their engineers to generate profitability from the existing systems that are integral to the organization’s production of products and services. These products and services are then valued by customers, who pay a cost to the company in exchange for them. Challenges and Solutions The challenge that engineers and managers face alike is the complexity…

Problem solving and innovation are often seen as separate concepts, but they are actually closely intertwined. While problem solving involves finding solutions to complex issues, innovation is about introducing new ideas or approaches. Effective problem solving incorporates innovative thinking, whether it’s in designing projects, analyzing data, or collaborating with others. In our modern era, where systems are more complex than ever, problem solving requires a structured and systematic approach. Leading companies like Samsung, LG Electronics, and TSMC have recognized the value of this approach and have achieved success by applying innovative methods. By adopting these practices, businesses can improve operational…