Reference no: EM13965626

What is a business case?

A business case imitates or simulates a real situation qCases can range from one (1) page to sixty (60) or more

pages

A common purpose: to represent reality and to convey a situation consisting of some clarity

• To stimulate reality, a case should have 3 characteristics:

1. Asignificant business issue o rissues

2. Sufficient information on which to make possible reasonable conclusions

3. No stated conclusions

• Be design, a case does not tell you what it means. You have to read a case actively and construct your own meaning

How to analyze a business case?

Start by recognizing some contextual factors that help limit and narrow the analysis

A management or international business (IB) case requires you to think as a leader or strategist, not simply as a marketer or manufacturing manger

Past case/reading discussions provide a foundation for thinking about a new case, and study questions can call attention to important issues

Thinking is key

As you start reading a case, you ask questions about the

content and seek answers in the case itself

As you find partial or full answers, think about how they relate to each other and to the big picture of the case

To analyze a case, you need ways of identifying and understanding important aspects of a case situation and what they mean in relation to the overall situation

On the basis of clearly recognizing case situations, apply appropriate tools to solve problems, make decisions, or develop evaluations

There are three types of case situations: Problems, decisions, and evaluations; consequently, there are three (3) types of cases: problem, decision, and evaluative cases

problem case

Analysis of a problem case has five elements:

1. A problem definition
2. Diagnosis - a summary statement of the important causes
3. Cause-effect analysis
4. Conceptsandframework-cause-effectanalysis relies on causal framework appropriate to the problem
5. Actions - problem analysis yields actionable content

decision case

Regardless of the dimensions of a decision, analysis of a decision case should focus on:

1. Decision options - a decision requires concrete options; need to seek the decision alternatives
2. Decisioncriteria-trytoavoidtoomanyandtoo few criteria; create the best fit between the available relevant evidence and the criteria
3. Analysisofoptions
4. Recommendation-aspecificrecommendation

sharpens your focus

1. Actions-implementthedecisionaseffectivelyas possible

Evaluative case

An evaluative case expresses a judgment about the value or effectiveness of an act or outcome:

1. Like the decision analysis, an overall evaluation expresses the best fit between the evidence and criteria
2. Evaluation includes both positive and negative sides; the analysis must conclude factors that support the overall evaluation and those do not
3. Numbersdonotexplainwhattheymean,andthey do not make the decision for you
4. Tobeactionable,anevaluationneedsaconcisely expressed bottom-line conclusions

How to discuss a business case?

1. The purpose of a case discussion is to construct meanings for a case based on evidence and to recognize the uncertainties inherent in all of the meanings
2. Take responsibility for your own view of a case, develop an argument for it, be prepared to explain the argument, and listen to others who disagree with you

Careful preparation (thorough yet flexible) - foundation for effective class participation

Listening is participation - listen to keep up with the discussion and find opportunities to contribute

Reflect on what you learn - greater clarity about the issues that link one case to another and lends coherence to a course

How to write a case-based paper?

Writing about a case paper should build on the process of analyzing a case. There are characteristics that case-based papers have in common - answer three questions: What? Why? and How?

What? - Makes a position statement

Why? - Uses evidence (i.e., argument) to persuade the

reader

How? - Provides an action plan

How should the recommended decision be implemented?

How can the problem be fixed?

How to write a case-based paper?

Position statement (What?) expresses a conclusion

A sharply focused position statement organizes the entire case paper

Without one, the paper has no purpose or direction and complicates the reader's task as far as the reader is concerned

The most common failing of a case-based paper is that the writers try to look at a situation from all angles, suggesting many meanings but committing to none

How to write a case-based paper?

Argument (Why?): Using evidence well is probably the most crucial skill for a writer of case paper

Evidence can be qualitative, quantitative or both; they can be used to reinforce each other

Case papers can also use the results or outputs of specialized methods as evidence to prove conclusions

For example, without financial ratios or tools (e.g., significant calculations), the writer would have nothing meaningful to say about liquidity

The argument precedes the action plan because it creates both the necessity for action and the actionable content

Action plan (How?) complements and makes the argument of a case-based paper actionable by answering the question: How?

How do you solve a problem?

How do you implement a decision?

How do you improve a performance?

The general purpose of action plans is to improve or advance the situation as it is presented in the paper through a coherent series of actions

An effective action plan has five characteristics:

1. Sets goals based on the argument
2. Addresses the actionable content of the argument - every major actionable issue in the argument should be represented in the action plan
3. Consists of specific steps
4. Hasrealisticshort-andlong-termsteps
5. Identifies and responds to the major risk to the plan: Ask the question: What is the worst thing that could go wrong with the plan? Then ask: How can the risk be contained or eliminated?

What Argument and Action Plans Do

Case situation	Argument	Action plan
Problem	Prove cause-effect relationships that account for problem	Solve problem: fix weaknesses and reinforces or increase strengths
Decision	Recommend best decision	Implement decision: show the best pathway to achieve desired outcome
Evaluation	Provide detailed evaluation of act, performance or outcome	Improve performance or outcome; implement or change decision

Conclusion

The lecture presents some fundamental issues regarding case study and learning in MBA/EMBA education. In particular, I focus on three key questions which are critically important to our course objectives:

How to analyze a case?

How to discuss a case?

How to write a case-based paper?

• The lecture also outlines the structure of a case-based paper appropriate to solve problems, make decisions, and conduct evaluations
• Hopefully, these PPT slides furnish the purpose for your successfully accomplishing the course specifically by analyzing business cases and writing a persuasive case-based paper