SECTION B - SOLUTION TO STRATEGIC MANAGEMENT ASSIGNMENT

 

Note: This solution is to Section B of Strategy Management Assignment.  I Will post the section A and Section C later.

Section B.

i.                    What is a case?

Solution

A case is a practical or real life situation confronting management in an organization.  It is used to facilitate the understanding of strategic management and policies formulation by placing students to the role of executives in the real life scenario.

The primary aim of case studies is to assess the situation presented in the case through adequate case analysis, diagnose the problem confronting the organization and make viable recommendation or suggestion by assuming the role of strategic management.

ii.                  Write out the guiding principles for case analysis

Solution:

a.       Preparing for a case:  This involves ensuring adequate time and attention is given for the case;

b.      Read the case at least twice:  First reading is to give overview of the special circumstances and issues confronting the organization while the second reading is to concentrate and understand the relevant information, data and salient presented in the case;

c.       Concentrate on the salient issue in the case; Salient issues are peculiar issues confronting the organization which require the recommendation of the management;

d.      Do not overlook exhibits:  Exhibits are data attached to case to complement the facts expressed in the case.  They form the integral part of case analysis

e.       Adopt a time frame: The analysis of the case should be based on the relevant year

f.       Draw from your total knowledge:  Knowledge is required to be derived from the general understanding of the business line or industry of the case studies.