how to solve business problem successfully

How to solve business case

successfully

STEPS TO SOLVE BUSINESS CASE

Identify the main problems of particular business

Identify the symptoms of the problems

Determine which problems can be solved

internally and which is out of control

Remedial alternatives to solve those problems

Set several viable options if first remedial action

fails then move on to the plan B

HOW TO SOLVE A BUSINESS CASE ?

OBJECTIVES

To develop your competitive edge in Business

case competition.

To Introduce with some popular & widely used

Business tools & techniques.

To provide guidelines for long-term capacity

Building on case solving.

WHY DO YOU LEARN ABOUT IT ?

To be competitive:

Job Market

Business Competition

WHAT IS BUSINESS CASE ?

A Business case is a collection of facts and

data based on a real or hypothetical business

situation.

Open Case

Question based Case

STEPS IN BUSINESS CASE SOLVING

Presentation of the facts surrounding the case.

Identification of the key issues.

Listing of alternative courses of action that could be

taken.

Evaluation of alternative courses of action.

Recommendation of the best course of action

PRESENTATION OF THE FACTS SURROUNDING

THE CASE

underline crucial facts

interpret figures and charts

Organize the facts of the case

prepare questions whose answers would be useful

in addressing the key issue

PROBLEM IDENTIFICATION

New opportunities

Changing environment

Decline in competitive position

Excess inventories.

LISTING OF ALTERNATIVE COURSES OF

ACTION

Consider courses of action based on their suitability to the firm and situation.

take into account such factors as:

the business category, goals, the customer, the overall strategy, the product assortment, competition, legal restrictions, economic trends, marketplace trends, financial capabilities, personnel capabilities, and sources of supply.

EVALUATION OF ALTERNATIVE

Identify the constraints

Apply cost & benefit analysis for each

The ramifications and risks associated with each

Viability of each alternative

POPULAR TOOLS FOR SOLVING CASE

SWOT Analysis

Cost-Benefit Analysis

BGC Matrix

Ensoff Matrix

Poter’s 5 Factors

Fish-bone Analysis

Pos & Cons Analysis

MOST POPULAR & WIDELY USED TOOLS

SWOT

SWOT is an acronym for Strengths, Weaknesses,

Opportunities and Threats.

What makes SWOT particularly powerful is that,

with a little thought, it can help you uncover

opportunities that you are well placed to exploit.

PRIMO-F

People

Resource

Information

Marketing

Operations

Financial

PESTEL

Political

Economical

Social

Technological

Environmental

Legal

STRATEGY …

External / Intenal Opportunities Threats

Strengths Attack

Strategy

Defense

Strategy

Weaknesses Adjustment

Strategy

Survival

Strategy

STRATEGIES …

Build on your strengths

Minimize your weaknesses

Seize opportunities

Counteract threats

LET US HAVE A DRILL …

CASE-PRESENTATION GUIDELINE

Background of the case

Diagnoses of facts & issues

Key problem of the case

Possible alternatives

Evaluation of each alternatives

Justification & Recommendation

CASE-WRITING GUIDELINE

Make it interesting; remember someone will have

to read it.

Keep it clear and concise.

Minimize jargon and conjecture.

Communicate all facts as part of the overall story

Provide the reader with a picture or vision of the

end state.

Demonstrate the value the solution brings to the

organization, customer and financial bottom line

of the company.

TIPS FOR BUSINESS CASE COMPETITIONS

Team Sprit

Time Management

Highlight the key lines

Live presentation

Convey a single message

Humble & strategic in Q&A

Think U can !!

LONG-TERM STRATEGIES FOR CASE

SOLVING

Reference Book :

Business Case Guide ( Treasure board of Canada )

A sample case ( Details version)

A sample case (Business case Competition version)

Practice , Practice & Practice !!

YOUR QUERY …

For further query # subasish_cu@yahoo.com