In order for your own business to constantly develop, and the company you created to stay afloat, you need to have the skills of doing business. Therefore, business training has become incredibly popular, and work with business cases is part of it.
Business training is a new direction for Russian pedagogy. It is based on a combination of methods of theoretical influence and practical use of the knowledge gained. In the early stages of understanding management and administration systems, teachers and business coaches suggest using the business case method. Invented at Harvard University, this method helps not only to learn the techniques of successful business, but also to analyze situations that were in the practice of real firms.
It has become incredibly popular in business education schools, training centers and some recruiting agencies.
Bicness case
The term business case is defined as a training situation that took place in a company existing in reality. A business case is not an artificial situation created by a teacher, and this is its special practical significance and uniqueness.
A business case is used to determine the learner's knowledge of a particular business process, as well as the ability to think outside the box, analyze and make decisions in real-life conditions, work in a team, maneuver, draw conclusions and propose solutions.
A business case is a comprehensive examination of a particular situation that happened in a particular company. The situation includes many components: information about the internal situation of the company, personnel reserve and potential, often - the interpersonal relations of the team, founders, partners, about its external affairs, closest competitors, analytical data, as well as how the company has changed during its existence under the influence of external factors.
The value of the method lies in the fact that the solution proposed by the students can be compared with the solution that the company found to solve the problem. Moreover, teachers usually have information about the future development of events, which allows them to say whether the company reacted correctly or the students' decision would be preferable for it.
Stress case
Solving the presented business situations, students face many problems, because they have to work with approximate data, with a limited amount of information. Nevertheless, business cases are effective and much can be learned from them in their subsequent business activities. They help to find out what situations can be in reality and how you can deal with them. They are also necessary in order to apply their business knowledge in practical classes during training.
This is the same method used by large companies to test candidates for hiring.
Solving cases on your own is often a qualifying exam, which is also called stressful. The student is placed indoors and given teaching materials. In the allotted amount of time, he is invited to solve a portfolio of cases, while you can use any information systems.
