Disclaimer: All info from Rich Fintech website, Academy, Services are education purpose. Not financial advise.
The 5 Whys is a simple yet powerful problem-solving technique used to identify the root cause of an issue by repeatedly asking "Why?"—typically five times. Developed by Sakichi Toyoda and used within Toyota, it helps dig deeper into problems rather than addressing only surface-level symptoms.
How the 5 Whys Works:
State the Problem: Clearly define the issue in a specific, concise way.
Ask "Why?": Identify why the problem is happening and provide an answer.
Repeat: For each answer, ask "Why?" again to uncover a deeper cause.
Continue Up to 5 Times: Repeat until you reach the root cause (you may need fewer or more than five whys, but five is a general guideline).
Develop a Solution: Once the root cause is identified, create an actionable solution to address it.
Example of 5 Whys:
Problem: The website crashed during a product launch.
Why did the website crash?
Because the server was overloaded with traffic.
Why was the server overloaded?
Because it wasn’t scaled to handle high traffic volumes.
Why wasn’t it scaled?
Because we didn’t anticipate the number of users.
Why didn’t we anticipate the number of users?
Because we didn’t analyze past launch data or predict demand.
Why didn’t we analyze past data or predict demand?
Because there was no process in place for capacity planning.
Root Cause: Lack of a capacity planning process.
Solution: Implement a process to analyze past data and forecast traffic for future launches, then scale servers accordingly.
Tips for Using 5 Whys Effectively:
Be Specific: Vague answers lead to unclear solutions. Ensure each "Why" and answer is precise.
Involve a Team: Different perspectives help uncover accurate causes.
Focus on Processes, Not People: Avoid blaming individuals; aim for systemic issues (e.g., "lack of training" rather than "employee error").
Validate the Root Cause: Ensure the identified cause is actionable and directly linked to the problem.
Combine with Other Tools: Use alongside methods like fishbone diagrams or SWOT analysis for complex problems.
When to Use 5 Whys:
Best for straightforward problems with a clear cause-and-effect chain.
Useful in business, manufacturing, personal productivity, or troubleshooting.
Less effective for highly complex issues with multiple root causes (consider other tools like root cause analysis or failure mode analysis).
Practice Exercise:
Try applying the 5 Whys to a problem you’re facing (e.g., “I missed a deadline” or “My car won’t start”). Write down the problem, ask "Why?" five times, and share the results if you’d like me to review or refine your approach!
Would you like a template to structure your 5 Whys analysis or an example tailored to a specific problem you’re facing?