I greatly enjoyed Barry Berkus' "How to Think Like an Architect" videos, and have been searching in vain for an industrial design counterpart. To have a creative designer walk you through, in plain English, a design as it unfurls is immensely edifying, but I can't find an ID guy who's done it.
I did, however, luckily stumble across Field Notes man and Curiosity Club veteran Aaron Draplin breaking down a graphic design project. Learning website Lynda.com tasked Draplin with designing a logo—something that can take months—and condensing it all into a sit-able video. Not only does Draplin render his process completely transparent, there's a bonus starting around 15:00, when he discusses what happened after he decided to go freelance.
Aaron Draplin Takes On a Logo Design Challenge from lynda.com on Vimeo.
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This video is not a parody or a case for logo design taking 15 minutes. It's merely a condensed version of Aaron's process.
As for providing options: I have worked in design for many years - in both visual design and product design - for many talented and bright designers. I have never once seen any of them present a single design as THE sole solution. This is design, not science. There are no right or wrong answers. Just answers that are better than others.
If an when possible, designers should give one solution that works, period. Clients are not always qualified to decide what works and tend to go for what they like. What works (and designers know what does) and what clients like, are often not one and the same.