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Case Method

In: Business and Management

Submitted By sanjeevr15
Words 508
Pages 3
PGP Orientation
Prof. Avinash Mulky
Slides Courtesy Prof. Ganesh Prabhu

Nature of Management Activity

Management is the continuing process of organizing human, physical, technical and knowledge elements towards the achievement of a stated mission in line with a vision and a value system and under constrained resource conditions.

Managerial Decision Making

Management decisions often involve the projection of consequences into a highly uncertain future.

Management decisions have enormous variety and most decisions depend on the decision context.

Management decisions can relate to both repetitive and unique situations.

Management decisions often have to be taken on an imperfect knowledge of underlying phenomena.

Management decisions often have to be taken on basis of untested cause-effect relationships.

Data for Managerial Decision Making

All the data required for taking good managerial decisions is rarely if ever available or complete.

Data used can range from subjective to objective.

Data used can range from quantified to judgmental.

Probability judgments, expectations and intuitions are needed to prop up management decisions.

Good Managerial Decision Making

Managers often need to create new responses to managerial situations never experienced before.

Good managerial decisions making requires the ability to accumulate, classify, analyze and build upon a variety of earlier managerial situations and the managerial responses that were then evoked.

Managerial experience can over time build the intuition of practicing managers and help them improve judgmental ability to take better decisions.

Case Analysis as Pedagogy
Case analysis is a major pedagogy in management as:

Cases help you…...

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