The case study approach of learning is LBS’s core learning method, where participants are given case studies to analyze and come up with solutions and decisions, alongside justifications for those solutions or decisions eventually agreed upon or made. Treating case studies usually aims to drive home a particular subject matter to be discussed in class and also helps to broaden one’s perspectives on issues, aiding in learning, unlearning, and relearning.
Analyzing a case study is actually not as easy as it seems because nothing is inherently obvious. Often, even though one has to analyze the case based on the information given, it is always important to look beyond the case. Most times, one has to place oneself in the position of the case, asking the question, “What would I do if I were faced with this situation?” This approach allows one to think outside the box.
Analyzing a case study within a group usually helps solve such cases faster. In most cases, there is usually back and forth on ideas among group members, each trying to drive home their points. The interesting thing is that in such conversations or discussions, broader perspectives are brought to bear. One has the opportunity to examine different points of view and compare them with already conceived ones.
However, when analyzing a case to look beyond its boundaries, there are some steps to follow to properly analyze and get to the root of the issue, arriving at a decision or solution.
Firstly, when encountered with a case study, one must understand the context of the problem. Without such understanding, one will not be able to properly define the problem.
Secondly, it’s imperative to identify and clearly define the problem. The way a problem is stated frames the eventual decision.
Thirdly, clarify the objective. This makes the focus clearer and allows one to critically examine what one hopes to see at the end of a decision.
Fourthly, generate alternatives or options. This involves holding a brainstorming session, which provides a useful source of alternatives.
The next step is to identify criteria, which is the standard by which options are measured against. This helps focus on what is important.
After this, analyze each alternative with the criteria. In doing this, one must answer these questions:
• What is paramount to me?
• What is paramount to the client?
• What is paramount to the organization?
Then, move to decision-making. It is paramount to note that decision-making is more about the process than the outcome. The quality of a decision heavily relies on the quality of available information. After this, create an action plan, which may involve bringing other people in to strategize the implementation of decisions.
Once these steps are followed, one will discover hidden information and inferences, and things will begin to come into perspective, ultimately leading to solving the case.
One thing I have learned from my little experience with various cases is that it always extends beyond the case and helps when faced with life situations. Always look beyond the case.
#MMBA5
Motivation.