Management is considered to be one of the most significant aspects of any business or the other projects. For achieving success, it is important to study about the organizational design, form of ownership, schedule, and the other aspects in detail. The management case studies are referred as the real-life examples of different problems and issues found in the business entities. It includes an analysis of a particular case that raises the managerial challenges. The management case study can be based on either fictitious scenario or real scenario. It is a snapshot of an industry or an entity that is wrestling with the dilemma.
The assignments of case study give an opportunity to the students to relate the theoretical concepts to the practical solutions. It is a common practice tool used in the entities and business schools. There are most of the case studies in which a ready takes the position of manager, and then tries to make the decisions by solving issues of the management case study. A decision should be made in almost all the case studies, although the decision might not be of any use in practical life.
An analysis of a management case study requires to investigate a business issue, look for the alternative solutions to the issue, and lastly, propose the most effective solution by using the supporting evidences. A management case study can be solved by following the below steps:
Identification of the Objectives, Facts and Method
The first and foremost step is determining the main objective of the management case study i.e., solving problems in the real-life situations or fulfilling an academic need. Further, the best approach is selected to solve the case study i.e., choosing the analytical approach to increase the awareness, or selecting the problem-solving approach to highlight and solve the major issues. After the selection of best approach, facts, communications, dynamics, and all the relevant aspects of a particular solution are comprehensively examined.
Setting the Reader’s Scope
In the opening paragraph, the aim of the management case study is explained. An overview of an industry or company is provided. The relevant factors are explained to readers. Lastly, the relevant knowledge and theories are outlined.
Focusing on Problems and Solutions
It includes identifying all the relevant issues that may be triggered by the underlying problems. The most effective solutions are listed out and explanation is given on how they will solve the core business issues. The challenges are addressed that might accompany recommended solutions.
Providing a Clear Conclusion and Recommendation
It includes giving conclusion on the issue raised and its possible solutions. Also, the most effective recommendations are also provided. A reference to the relevant theories of management is included to support the conclusions.
A case study in business management covers almost all the areas of business organizations. A general form of the business management case study includes the crucial elements, such as the explanation of the challenges, background, possible choices, final decision, and end results. A case study involves investigating an issue using the supportive evidences, assessing the solutions and alternatives, and offering the most effective solution and recommendation to the problematic situation. It must include the background information on a particular problem. It is important to study the problematic situation effectively by taking into consideration all the minute details of a case study.
A management case study wither focus on a particular business or an overall industry, a person, or a specific program or project. It must be noted that when conducting the management case study, the other entities may use its results as a business model for enhancing their management effectiveness. The main objective of the business management case study is to find out the effectiveness of entities setup and the individuals’ qualification.
The models of business schools are rapidly changing because the employers are moving away from finding out the employers with the theoretical knowledge and insights towards desiring the one having practical knowledge and experience. This shows the significance of the case study in management.
Case studies are extremely useful as a teaching tool and also as a research idea’s source. They help in creating a pool of the subject knowledge and assist the students in developing the analytical skills and facilitate decision-making. Further, for the faculty members, case studies help in providing unique insights into the continuously evolving and changing managements’ world, and may encourage any further theoretical inquiry.
A tool of case study in management is an excellent way through which student can learn the new cognitive skills, and enhance their evaluation, analysis and problem-solving skills. By solving one after another case studies, the business management students get actively engaged in the overall process of conceptualizing basic principles from the complex instances. During the process, they use their skills of problem-solving and abilities of decision-making. The method of case study also facilitates excellent teaching abilities. The business schools whose dominant method of teaching is case study have the best teaching faculties.
There are various steps involved in answering a case study question in management.
Step 1: Carefully reading the case study and questions
The first step is to read the management case study and related questions carefully.
Step 2: Identifying the problems and issues in the case study
This step involves identifying the main issues involved in the case study for which solutions and recommendations are required to be given.
Step 3: Linking theoretical concepts to practice
The case study questions must be answered by linking theoretical concepts to real practical situations.
Step 4: Planning answer
The answers must be answered as the case study and in a logical format.
Step 5: Start writing the case study answers
The case study answers are required to be written in the format of introduction, discussion, and conclusion.
Step 6: Editing and proofreading
Before submitting the paper, it is important to go through the entire paper, check whether all the questions are answered in the given format, check the grammatical mistakes, check the instructions of tutor, and check whether the relevant sources has been used.
Step 7: Submitting the paper
In this step, the paper is finally submitted.
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