Rabu, 20 Juni 2012

The Importance of Case Studies in Management Education

If you try and notice the education sphere today, there is a lot of buzz about students enrolling themselves in good established management schools and wanting to acquire their management education. Experts believe this is majorly because of the rising competition in the business sphere. A business school becomes very helpful for students because it has a theoretical as well as practical approach towards the topics and subjects of the student's choice. These management education courses are practical because they include case studies; that is real life business situations that have occurred in major companies, along with how the company resolved the issues to rise to the top again. This is of tremendous help to a beginner manager while he is learning to apply his knowledge in a way that will get maximum benefits for his company.

After studying a number of case studies thoroughly, the students are assigned projects in order to help them develop various managerial skills like those of leadership, decision-making ability, motivational speaking ability, etc. Thus, management education hugely contributes to the overall growth of an aspirant and converts him into a thorough professional who is ready to enter the business field confidently. This is what gives individuals an edge over the others during job interviews. Thus as a result of all this, there are so many people who want to do courses from business schools.
Why these business schools are different is because they work on the problem areas of the students and teach them take not just decisions but responsibility for them as well. Initially the student is asked only to observe case studies. During this stage, the student learns to investigate and analyze the situation of the company at that particular point in time. The observation skills of the students increase tremendously during this first stage of solving case studies.

Further on, the students are asked to imagine themselves as professionals in the industry and devise solutions for the set of business problems that the company is facing at that time. This is where the students learn to strategically plan and brainstorm with the objective of coming up with good solutions. These projects also help to enhance team building skills of the students. The feedback of the professors who are actually experienced industry professionals lets the students know where they actually stand with respect to the actual business sphere. This is very important because it is a reality check that goes a long way in motivating students to pull up their socks and do all it takes to reach a respectable position with respect to the actual business sphere.

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