Lecture 09 # Case Method of Learning Flashcards
One-Shot Revision
- What is the Case Method of Learning?
An educational approach where students analyze and discuss real-life cases or scenarios to develop critical thinking and problem-solving skills.
- What are the key aspects of the Case Method of Learning?
- Real-World Context
- Student Engagement
- Critical Thinking
- Discussion-Based Learning
- Application of Theory
- Define “Finished Cases Based on Facts.”
Finished cases are real-world situations that have already been resolved, providing detailed information about the problem, analysis, solution, and outcomes.
- Define “Unfinished Open-Ended Cases.”
Cases that present a problem without a resolved outcome, encouraging participants to propose solutions and explore various possibilities.
- What are Fictional Cases?
Hypothetical scenarios designed to simulate real-world problems, used for practicing problem-solving and analytical skills.
- What are Original Cases?
Newly developed cases based on real-life situations not widely known or studied, often from recent events or unique organizational challenges.
- What are strategies to overcome the challenge of lack of preparation in the Case Method?
Here are some strategies to overcome this challenge,
1. Pre-case assignments
2. Clear classroom guidelines
- How can unequal participation in case discussions be addressed?
- Structured discussions (round-robin, small group)
- Active facilitator involvement to encourage balanced participation
- List strategies to help students with limited real-world experience.
- Provide contextual background
- Invite guest speakers for insights
- What are effective techniques for reading a case properly?
- Previewing
- Skimming
- Reading
- Scanning
- Define “Previewing” in case reading.
Quickly reviewing the case for an overview of its content, structure, and key elements.
- What is “Skimming” in case reading?
A fast reading technique to glance over the text and identify main ideas and key points.
- Define “Scanning” in case reading.
Quickly looking through a case to find specific information, using keywords, and checking tables or charts.
- What are the main case analysis approaches?
- Problem-Solution Approach
- SWOT Analysis
- PEST Analysis
- Porter’s Five Forces
- Root Cause Analysis
- Decision Matrix
- Case Frameworks
- What is the Problem-Solution Approach in case analysis?
Focuses on identifying the main problem and proposing solutions based on analysis.
- Define SWOT Analysis.
Evaluates Strengths, Weaknesses, Opportunities, and Threats of a situation or organization.
- Define PEST Analysis.
Analyzes Political, Economic, Social, and Technological factors affecting a case.
- What is Porter’s Five Forces analysis?
Analyzes industry competition through five forces: competitive rivalry, threat of new entrants, bargaining power of suppliers, bargaining power of buyers, and threat of substitutes.
- What is Root Cause Analysis?
Identifies the fundamental cause of a problem to address it effectively.
- What is the Decision Matrix approach?
A systematic approach to evaluate and prioritize options based on predefined criteria.
- What is the Case Frameworks approach?
Case Frameworks are structured approaches used to analyze business problems, helping to break down complex situations into manageable components for problem-solving.
- What are some Dos of case analysis?
- Understand the case thoroughly
- Identify key problems
- Gather relevant data
- Apply analytical frameworks
- Develop actionable recommendations
- What are some Don’ts of case analysis?
- Avoid skimming the case
- Don’t ignore minor details
- Avoid personal biases
- Don’t propose unrealistic solutions
- What are the steps of case preparation?
- Identify case preparation needs
- Develop case leads
- Initial clearance
- Data collection
- Prepare the case outline
- Draft the case report
