Incredible Mag

Why Case Studies Are Useful for Business Students?

<p>When you study&comma; you need to read a lot&period; There are many resources that you can use to gain knowledge and increase comprehensions&period; For students of business programs&comma; case studies are a tool that can help them understand about real life problems in the past&period; They can have a peek on how actual business professionals&comma; whether they were successful or fail miserably to deal with internal and external problems&period; It is interesting to see how big companies manage their financial and marketing strategies to handle problems&period; Case studies are powerful educational tool for business students&period; They can learn about success and mistakes of business professionals in the industry&period; They will have an insight&comma; whether a strategy will benefit them and can actually make their lives much better&period;<&sol;p>&NewLine;<p>Story telling is a great way for you to understand about various situations&period; They should be able to build understanding about various strategies and tactics in the business world&period; One strategy could be successful in many situations&comma; but business case studies could show that the strategy is far less successful in certain conditions&period; As an example&comma; a product may fail to fit the needs of consumers&comma; due to various external factors&comma; which is possible for products that are sold globally in different countries with distinct culture&period; When analyzing business case studies&comma; lecturers often ask students to narrow down points that have big significance in causing success or failure&period; In many cases&comma; students also need to use business concepts that they have learned&comma; to make sense of the situations that happened in the past&period;<&sol;p>&NewLine;<p>Details like price and size of products&comma; could have immense implications&period; Reading about responses from consumers is a good way to know whether the strategy was successful and well accepted&period;  Further research on the Internet could be needed to better understand about the situation that’s shown in the case studies&period; For motivated business students&comma; it can be exciting to spend hours to research about the case study to better make sense of the situation&period; This is especially true when case studies deal with intangible parts of the business&comma; such as services&period; Selling services to clients can be quite tricky&comma; because there are not many indicators that can be observed directly&period; Consumers won’t be able inspect services&comma; like when they examine products&period;<&sol;p>&NewLine;<p>Case studies are not useful for understanding better about customers&period; There are various solutions that can help businesspeople to better approach customers and secure sales&period; In general&comma; business case studies are useful for learning process&comma; because they tell stories that happened in the past and they are easy to relate&period; They also discuss about actual recurring problems in the business world&period; Business case studies can make it easier to understand about problems of customers&period; Results of business case studies are often measurable and quantifiable&period; Once business students graduate&comma; they can use relevant case studies with their situations&period; This will help them to build confidence when dealing with real life situations&comma; because they know what strategy that’s likely to work or not&period;<&sol;p>&NewLine;

Exit mobile version