This document provides an overview of case studies, including their meaning, definition, purpose, advantages, and the seven steps for conducting a case study analysis. A case study involves an in-depth analysis of a specific person, group, or event to understand factors related to its success or failure. The purpose of a case study is to allow students to apply real-world expertise and judgment to complex situations with uncertain outcomes. Conducting case studies has advantages like improving decision making and understanding. The seven steps for case analysis are to thoroughly read and understand the case, define the key issues and goals, identify constraints, brainstorm alternatives, select the best alternative, and develop an implementation plan.
This document provides an overview of case studies, including their meaning, definition, purpose, advantages, and the seven steps for conducting a case study analysis. A case study involves an in-depth analysis of a specific person, group, or event to understand factors related to its success or failure. The purpose of a case study is to allow students to apply real-world expertise and judgment to complex situations with uncertain outcomes. Conducting case studies has advantages like improving decision making and understanding. The seven steps for case analysis are to thoroughly read and understand the case, define the key issues and goals, identify constraints, brainstorm alternatives, select the best alternative, and develop an implementation plan.
This document provides an overview of case studies, including their meaning, definition, purpose, advantages, and the seven steps for conducting a case study analysis. A case study involves an in-depth analysis of a specific person, group, or event to understand factors related to its success or failure. The purpose of a case study is to allow students to apply real-world expertise and judgment to complex situations with uncertain outcomes. Conducting case studies has advantages like improving decision making and understanding. The seven steps for case analysis are to thoroughly read and understand the case, define the key issues and goals, identify constraints, brainstorm alternatives, select the best alternative, and develop an implementation plan.
This document provides an overview of case studies, including their meaning, definition, purpose, advantages, and the seven steps for conducting a case study analysis. A case study involves an in-depth analysis of a specific person, group, or event to understand factors related to its success or failure. The purpose of a case study is to allow students to apply real-world expertise and judgment to complex situations with uncertain outcomes. Conducting case studies has advantages like improving decision making and understanding. The seven steps for case analysis are to thoroughly read and understand the case, define the key issues and goals, identify constraints, brainstorm alternatives, select the best alternative, and develop an implementation plan.
Download as PPTX, PDF, TXT or read online from Scribd
Download as pptx, pdf, or txt
You are on page 1of 11
At a glance
Powered by AI
The key takeaways are that a case study is a detailed analysis of a person, group or event used to understand phenomena. It examines factors that contribute to success or failure through holistic analysis using one or more methods.
A case study is an analysis of a person, event, decision, period, project, policy, institution or other systems that is studied holistically by one or more methods to provide an analytical frame to illuminate and explicate the case.
The purposes of doing a case study are to allow students to develop real expertise, understanding and judgment through analyzing uncertain situations and proposing multiple options. It also exposes students to real-world business situations similar to on-the-job experience.
Prepared by-
Ms. Anshu Mathur
Ms. Rajani Bora MEANING A detailed intensive study of a unit, such as a corporation or a corporate division, that stresses factors contributing to its success or failure.
A detailed analysis of a person or group, especially
as a model of medical, psychiatric, psychological, or social phenomena. DEFINITION Case studies are analyses of persons, events, decisions, periods, projects, policies, institutions, or other systems that are studied holistically by one or more methods. The case that is the subject of the inquiry will be an instance of a class of phenomena that provides an analytical frame — an object — within which the study is conducted and which the case illuminates and explicates. -G. Thomas
"The case study is a research approach, situated between concrete
data taking techniques and methodological paradigms.― PURPOSE OR OBJECTIVE OF DOING CASE STUDY For students, the purpose or objective of doing Case Study is to allow students with real expertise and understanding, as well as judgement to excel.
Case Study (or sometimes called “Case Analysis”) requires the students to take risks, make judgements in uncertain situations, and to propose and select from multiple possible options, none of which may be “right” or “wrong”.
PURPOSE OR OBJECTIVE OF DOING CASE STUDY Case Study also a case as is true in real-world, on-the-job settings. For example, in strategic management in business, cases are typically records of actual business situations, rather than problems that are pre-formulated for students to solve. The organisations, its history, and current situation are typically described, and it is left to the student to analyse what course of action the organisation should pursue. The students are put in the position of managers who must develop alternatives and propose specific actions for the firm.
ADVANTAGES 1. Make decision making easier 2. Improve the analytical quality of decisions 3. Reduce the time required to make decisions 4. Increase the frequency of correct decisions. 5. Deeper understanding 6. Fact-driven Seven steps of case analysis 1.Read the case thoroughly. To understand fully what is happening in a case, it is necessary to read the case carefully and thoroughly. You may want to read the case rather quickly the first time to get an overview of the industry, the company, the people, and the situation. Read the case again more slowly, making notes as you go. 2.Define the central issue. Many cases will involve several issues or problems. Identify the most important problems and separate them from the more trivial issues. After identifying what appears to be a major underlying issue, examine related problems in the functional areas (for example, marketing, finance, personnel, and so on). Functional area problems may help you identify deep-rooted problems that are the responsibility of top management. 3.Define the firm's goals Inconsistencies between a firm's goals and its performance may further highlight the problems discovered .At the very least, identifying the firm's goals will provide a guide for the remaining analysis.
4.Identify the constraints to the problem
The constraints may limit the solutions available to the firm. Typical constraints include limited finances, lack of additional production capacity, personnel limitations, strong competitors, relationships with suppliers and customers, and so on. Constraints have to be considered when suggesting a solution. 5.Identify all the relevant alternatives Identify all the relevant alternatives that could solve the problem(s). Use your creativity in coming up with alternative solutions. Even when solutions are suggested in the case, you may be able to suggest better solutions. 6.Select the best alternative. Evaluate each alternative in light of the available information and resources. If you have carefully taken the proceeding five steps, a good solution to the case should be apparent. Resist the temptation to jump to this step early in the case analysis. You will probably miss important facts, misunderstand the problem, or skip what may be the best alternative solution. You will also need to explain the logic you used to choose one alternative and reject the others. 7.Develop an implementation plan The final step in the analysis is to develop a plan for effective implementation of your decision. Lack of an implementation plan even for a very good decision can lead to disaster for a firm and for you. Don't overlook this step.