Business Management > QUESTIONS & ANSWERS > LECTURE 6- THE CASE METHOD OF SOLVING MANAGEMENT PROBLEMS 2023 UPDATE (All)

LECTURE 6- THE CASE METHOD OF SOLVING MANAGEMENT PROBLEMS 2023 UPDATE

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CASE - A description of a situation Usually describes how the current position developed and what a key personality in the case is currently facing Maybe accurate descriptions of real situations... or fictions (for fear of revealing information Typically a record of business issues, facts, opinions and prejudices upon which decisions have to depend CASE METHOD - discussion-based, interactive, participatory learning method offers a practical shared vehicle for engaging students' interest challenges participants to analyze, critique, and make judgments brings realities of the business world in classroom situations meant to test the ability of the students to apply the theories that they have learned provide the students opportunity to gain experience in presenting their ideas to others Lecture - ❑ ideal for introduction of concepts, theories, principles, etc. ❑ basic assumption: lecturer knows more about the topic than anybody else in the room ❑ success/failure of the process is based on rate of absorption of new information (as measured by exam results) ❑ professors serve as center stage; students as stenographers ❑ efficient way of shooting information and analysis to the students Case - ❑ ideal for application of concepts, theories, principles, etc. ❑ basic assumption: all participants can contribute to the learning process ❑ success/failure is based on level of participation/interaction (as measured by the level of excitement during discussion) ❑ professors take the passive role serving as moderators and wrapping up the case after the discussion; students do most of the talking ❑ interactive and indirect; effective but less efficient SKILLS DEVELOPED BY THE CASE METHOD - Analytical skills Application skills Creative skills Communication skills Social skills Self-analysis skills Decision-making skills Analytical skills - Information handling (organization, classification, evaluation) Application skills - applying concepts, techniques, etc., diagnosing, making decisions Creative skills - creativity in generating solutions Communication skills - public speaking (oral presentation) use of visual aids defending your viewpoint convincing others of one's arguments or persuading listening Social skills - interacting with the other members of the group Self-analysis skills - analysis of one's values, inclinations, risk-taking ability, and attitudes Decision-making skills -... [Show More]

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