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Financial Management Made Easy

Essay by   •  October 12, 2011  •  Essay  •  428 Words (2 Pages)  •  2,237 Views

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The case study method of teaching used in management education is quite different

from most of the methods of teaching used at the school and undergraduate course

levels. Unlike traditional lecture-based teaching where student participation in the

classroom is minimal, the case method is an active learning method, which requires

participation and involvement from the student in the classroom. For students who

have been exposed only to the traditional teaching methods, this calls for a major

change in their approach to learning.

This introduction is intended to provide students with some basic information about

the case method, and guidelines about what they must do to gain the maximum benefit

from the method. We begin by taking a brief look at what case studies are, and how

they are used in the classroom. Then we discuss what the student needs to do to

prepare for a class, and what she can expect during the case discussion. We also

explain how student performance is evaluated in a case study based course. Finally,

we describe the benefits a student of management can expect to gain through the use

of the case method.

WHAT IS A CASE STUDY?

There is no universally accepted definition for a case study, and the case method

means different things to different people. Consequently, all case studies are not

structured similarly, and variations abound in terms of style, structure and approach.

Case material ranges from small caselets (a few paragraphs to one-two pages) to short

cases (four to six pages) and from 10 to 18 page case studies to the longer versions (25

pages and above).

A case is usually a "description of an actual situation, commonly involving a decision,

a challenge, an opportunity, a problem or an issue faced by a person or persons in an

organization."1 In learning with case studies, the student must deal with the situation

described in the case, in the role of the manager or decision maker facing the situation.

An important point to be emphasized here is that a case is not a problem.

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