business case study examples

business case study examples

The Importance of Business Case Study Examples

1. Introduction: Understanding the Purpose of Business Case Study Examples

The purpose of business case studies is to provide exact and relevant information to the students. The information is exact on what is taught in the class, and the students have to use their analytical and critical thinking skills to figure out what they have learned and what are the best and efficient ways to implement the same in a real-life situation. The case gives the students a starting point related to specific course content. The students have to research the topic to learn theory and to apply the theory and concepts learned in class. Then they can determine the results of their decisions and compare it to the actual results of the situation in the case. This comparison allows the students to determine if they have learned the correct material and learned it well enough to apply it. Once the students have successfully completed a case, it gives a clear picture and feedback to the student regarding his performance and learning. The students can compare the case results to other students. This friendly competition will motivate students and can determine the leadership and the future decision-making of the student.

Usually, business case studies are used to analyze a specific principle present in a real-life situation to build a broad use of that theory to solve issues. These case studies are used to enhance skills, decision-making skills, and problem-solving skills. Business case studies are types of methods used to help candidates enhance their capability to solve problems, make decisions, present and defend those decisions, and implement the same. This allows candidates to ask further questions and gives them an opportunity to try their skills using their knowledge of business thus far. The candidate will be given a specific task or problem to solve. The case explains the situation, then the candidate must analyze the situation and determine a solution. Then the candidate should present the solution and defend why they chose that particular solution.

2. Benefits of Analyzing Business Case Study Examples

Study to improve theories is another benefit of case studies. It’s a good method of testing different theories because the experiment can take place and if proven unsuccessful, the losses are confined to that one instance. This is particularly useful in the case of testing law and order theories. Such theoretical examinations may not be so much aimed at assessing causal relationships or making predictions, but may just be an attempt to better understand the events being studied. The case study is the best method to employ a theory, as it is heavily based upon testing its relationships with one thing affecting another. If the theory is about causal relationships it may need to be put to the hard test, and there is no better way than through the case study.

This section of the work will discuss the benefits of analyzing business case studies. This is in response to the limitations of statistical generalization. Statistics tell us what has happened to a large group of individuals, yet it does not provide answers as to why things happened. The variables studied in different research may produce different results. It is the simultaneous assessment of several situations which lead to the generation of new hypotheses. This can only be realistically accomplished by comparing groups, and that is the purpose of the case study. Through comparing different situations, explanations for causal relationships can be made.

3. Key Elements of Effective Business Case Study Examples

Real or Hypothetical – A case study can be either real or hypothetical. The real case study is the documentation of the project taken and the results obtained. A hypothetical case study is a detailed analysis of an imagined project, where no real money is earned or spent. This information is taken from (Cadle and Yeates, 2004, p372). Case studies are mainly defined through a real project that has been taken. Although it is more beneficial for learning to critically analyze both the success and failures of the project, this can only be successful with a real project where results can be seen.

A case study is a comprehensive account of a problem, activity, or event containing a hypothetical or real situation. Case studies are written to develop a detailed analysis of a project or event in order to evaluate the outcomes and draw any necessary conclusions from that. This information is taken from Gummesson (2000).

The crafting of a business case study is a crucial part of course completion for a business student. Following are some of the elements that will improve the quality of your case study solution.

Introduction

4. Real-Life Business Case Study Examples: Inspiring Success Stories

The following is a good example of a teaching case provided by Coventry University looking at the successful globalization strategy of Spanish clothing retailer Zara, to provide information for students to build a clear strategy in globalization using Zara as a model. Ansoff’s matrix was also used to provide a case teaching the Mas o Mena a method of business diversification into unfamiliar markets. Choosing topic: case study the decision making of BT to globalize, using an Ansoff Matrix to identify and understand the strategies used.

An example of a study on one business is a longitudinal study, which tracks the same company over an extended period of time. For example, a longitudinal case study could be done on BT, following their decision making in recent years, to ascertain the reasons behind their success and failures. BT has recently completed a successful globalization strategy using the classic methods and theory of the Ansoff Matrix. A case study considering it may look to research the markets and products entered by BT to identify the specific strategies and decision-making processes used to achieve globalization. This information could be used for a teaching case to provide students with data and objective reasoning behind BT’s strategies, as opposed to guessing the reasons for their decisions.

Learning from case study examples is a great way to familiarize yourself with real-life business situations and apply your knowledge to a variety of different scenarios. In the CSL library, you will find a wide variety of case studies on different companies and business environments. These may help to develop your understanding of business theories and provide evidence and justification for your answers. You may be searching for information on business case study writing, so you can search “business case study examples” to give you an idea of what to expect.

5. Conclusion: Leveraging Business Case Study Examples for Growth and Innovation

Successful implementation of findings from case studies can change practices and thinking patterns, and this can result in better health outcomes. Case studies are also becoming a major factor in evidence-based practice. The efficacy of a current practice or a new intervention can be assessed with a case study that provides credible and unbiased results. This information is invaluable, has great influence, and will sway decision making of individuals or institutions who are aiming to provide the best possible care or change with regards to a particular issue.

Business case studies are an invaluable tool and can often provide far-reaching results. As shown in the sporting case studies, positive outcomes often provide a long-term plan for development and growth within a variety of small and large-scaled sporting associations. This information can be most effectively presented via a “lived” case. This involves an individual who has implemented a change and has a clear understanding of what they hope to achieve. This resonates powerfully with individuals because the issue is real and the results are visible.

In conclusion, the case study has provided valuable insight into the importance of business case study examples. Several different examples were provided to demonstrate the various ways in which case studies can influence and initiate change. These case studies provided an opportunity for a competitive advantage, an increase in innovation, and encouraged growth. These results were achieved by both the playing and non-playing teams in a variety of different international and domestic sporting industries.