Worried about How to solve a case study? Here we are giving 8 simple steps to solve a case study properly. We have received requests to provide some simple guidelines to solve case studies in Marketing, HRM, finance and other subjects. We hope this will help you to solve any case study in the exam, case study competition or in real life easily.
8 Simple Steps to solve a case study
1. Read the case carefully
- First of all, you must read case study carefully.
2. Become familiar with the topic
- In second step, become familiar with the topic.
- Get involved in characters, and leading players of that case.
3. Form an idea about the basic problem/objective.
- Try to understand the statement of the problem in the cases study.
- Form an idea about the basic need, or problem or objective of the case study.
4. Read it again
- Read it again.
- Make a model of the basic need or problem or objectives it should contain.
- Important & relevant facts, having a bearing on the problem & the objectives.
5. Mention the statements
- Mention the Statements which would help define the problem more accurately help set goals and nature of decisions required.
6. Understand the case study environment
- Understand the environment in which the case is set by noting down constraints, opportunities resources, etc.
7. Real-life problem!
You may have real-life problems which will have seldom all the information or adequate time at his disposal.
8. Gap and realistic assumption
Identify the shortfall of information & make a realistic assumption in the light of the environment. You should develop the skill of taking time-bound decisions
Steps for solving a case study in Nutshell
- Identify the possible alternatives to attaining the objective.
- Evaluate the cause and effect of each alternative i.e. think about the outcome of each action /alternative.
- Work in the classroom.
- The Syndicate approach.
- Report writing
- The problem (to understand properly)
- Background of the case
- Boundary limits
- Possible solution & their evaluation.
- Solution 1: merit & demerits
- Solution 2: merits & demerits
- Selection of the best possible solution.
- Management principles or technical research applied.
- Implementation plan