This is the 17064th most frequent Russian word.
способа
"Способа" is the genitive singular form of "способ," meaning "method" or "way."
The word 'способа' denotes a method or way and is used in the genitive singular form here.
Этот способа изучения языка эффективен.
This method of learning a language is effective.
'Способа' again is the genitive singular form and is used as an object of the action 'искали' (were seeking).
Мы искали способа решения проблемы.
We were seeking a way to solve the problem.
This illustrates 'способа' used in the context of finding or selecting something.