how to solve business problem successfully
TRANSCRIPT
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
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 !!
