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Corporate Strategy | "The Crux of Wisdom - Case Study Method"

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The Crux of Wisdom - Case Study Method

- by Dr. Hema Bhalakrishnan *

Previous

Page - 3

Advantages of Case Studies

  • Case studies improve creativity and innovations in decision making.

  • Case studies fix the minds of the students in a specific situation and facilitate them to develop the art of making smart decisions by practicing.

  • Case studies enable the students to visualize real life situations in the organization and facilitate the students in making trial and error attempts to solve the issues.

  • Case studies simulate organizational situations, requiring strategic as well as tactical decisions.

  • Case studies require the students to position themselves amidst the given situation and demand their wisdom to come out.

  • Pit Falls in Usage of Case Studies

  • Case study method requires serious involvement both from the teacher as well as the students; unless everyone takes it seriously, the outcome cannot be productive. At times, it may turn counter-productive.

  • Every case is unique and more so the solutions. It is dangerous to generalize and apply them universally.

  • Optimal solutions are always dependant on resources available at that point of time. Decisions may need to be modified at a later date because there is bound to be some change in the resources which are dynamic.

  • It is always easier said than done. It is very easy to stand off and suggest on matters which do not affect us immediately; but it is very difficult to make even simple decisions when we are under tense situations, pressuring our minds which may not work at times of real crisis.

  • Cases should not be over used since the students might have already known the best answers. Giving them new cases will be possible only if we have storage of good cases which are updated.

  • Serious problems in real life situations need serious attention and enormous thinking; solutions may not be that much simple, which can be arrived at by theoretical analysis.

  • Case study method compliments the academic delivery and adds value to the text book teaching. Text books and other teaching methods help to acquire more knowledge in the subjects while case studies provide for application of that knowledge to attain wisdom. Therefore, in spite of arguments against its usage, the case study method makes the subject to come alive. Moreover, case studies inculcate the habit of logical approach rather than theoretical approach to any problem.

    Concluded.


    Dr. Hema Bhalakrishnan,
    Senior Lecturer,
    Department of Management Studies,
    Tamilnadu College of Engineering, Coimbatore.





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