Importance of Case Study Analysis
Strategic management programs extensively utilise Case studies as an important teaching tool. The cases present dynamic learners with prospects of exercising strategic management practices in identifying and solving managerial crises. Therefore, by evaluating circumstances illustrated in case studies and producing conclusions, students become experienced at efficiently utilizing the concepts and methods that collectively structure the process of strategic management.
Case studies follow incidents taking place in real companies where administrators and their team members work together to evaluate and resolve the problems. The cases can concern an entire business, a solitary company, or a big diversified industrial unit. Apart from these, the management crisis faced by non-profit organizations is also analyzed using a case study methodology. Mainly, the case study analysis necessitates the careful analysis of a company’s existing environment and recommending suitable actions concerning a company’s mission and objectives. Planned activities must be taken for developing and utilizing the company’s core competencies that can help endure competitiveness and earn high returns.
Structure of a Case Study
Mentors implement diverse techniques in performing case study analysis. Some want students to employ a particular methodical process to study an enterprise; others expect students to study by building up their own exclusive analytical process. Some instructors prefer a flexible framework to analyze a company’s condition and hence compose suitable recommendations.
A reasonably structured framework of a Case Study consists of four sections. The first section discusses the importance of skills that learners acquire during a useful application of the case study analysis process.
The second section provides a method-oriented framework that is valuable for analyzing cases and presenting the conclusions of the case study.
The third section describes case discussions that illustrate the association and cooperation between mentors and students.
The final section presents a structured framework that helps in preparing valuable written and verbal presentations.
The second section provides a method-oriented framework that is valuable for analyzing cases and presenting the conclusions of the case study.
The third section describes case discussions that illustrate the association and cooperation between mentors and students.
The final section presents a structured framework that helps in preparing valuable written and verbal presentations.
Some limitations faced during case study analysis:
A dynamic learner is faced with the burden of meticulous preparation that is crucial for the success of the case analysis method. Devoid of careful analysis and development, students lack insights necessary to contribute in discussions over the company’s circumstances and thus, cannot construe appropriate strategic actions.
Another complexity commonly faced by learners is the lack of methodically gathered data on essential indicators concerning the problem. Even when surveys have been conducted repeatedly, there has been an issue regarding which methodology to be used for the analysis and evaluation purpose. Thus, it is not always feasible to openly evaluate previous survey data with those collected recently.
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