Preparing an Effective Case StudyEssay Preview: Preparing an Effective Case StudyReport this essayPreparing an Effective Case Study (PECS) and Case Analysis Guide (CAG) give ideas of how to prepare case studies but are not the only way that one can be done. PECS gives an outline that includes five parts that should be included in the analysis. These include: Strategic Profile and Case Analysis Purpose, Situation Analysis, Identification of Environmental Opportunities and Threats and Firm Strengths and Weaknesses (SWOT Analysis), Strategy Formulation, and Strategic Alternative Implementation. Each section is then detailed more specific giving details of what needs to be included in each part. The situation analysis includes general environmental analysis, industry analysis, competitor analysis and internal analysis. This gives an idea of the general environment to which the company functions in and how it fits into the industry. The strategy formulation is the section about alternative strategies for the company this section includes strategic alternatives, alternative evaluation and alternative choices. This section is most of the time the hardest step in the analysis. The last step is the Strategic alternative implementation which is the action part of analysis it includes the action items and the action plan as to how to the company gain more profit. CAG is a six step analysis format which includes an executive summary, current situation analysis, alternative solutions, recommended alternatives, implementation of the plan and results. Both of these analyses include finding alternative solutions and recommended alternative and how to put the plan into action. The difference can be found in CAG having a results part which is not included in the PECS.
Having looked at these two types of analysis I feel that I will use the CAG style to form my analysis for this class. I have used the format before and fill that it will be easier for me to form an analysis of the cases we will need to complete. I have used parts of the PECS analysis in classes as well in my undergrad studies and feel that I could mix them into the CAG style to make the analysis part of my own analysis of the cases. Being able to change from one analysis to another will make working in groups easier since not everyone will want to use the same format.
The IKEA concept has many of these steps in the analysis but not all of them. It gives the situation analysis by telling about the environment in which IKEA fit and gives a background on the company and how it competes with others in the industry. It also gives an analysis of strategy formulation of the action plan it put into place to help the company have an edge over others in the industry by having customers help keeping cost down by selling items that need to be assembled by them. This helps make it so that most anyone can buy their products. This is an implementation that others in the industry have not been able to reach and compete with IKEA in this area. The firms vision of being able to reach most
Budget
With this approach, B2B is the first time that a company is able to go into an analysis phase and has set their budget within a timeframe.
The company’s Budget would be based on the abovementioned projects and their ability to take a risk. It’s not much because a company has already reached the budget. It’s because they have enough cash to survive the impact these projects might have.
In short, the company has been able to use that money for several years, and now they are fully on track. The company has set more goals for the next several months and the company’s first budget has been fully budgeted.
While the company has been in and out of a budget, it has also given them the ability to find other ways to spend it, such as a return on investment. And when the company goes into an analysis phase to get a better understanding of what’s happening, it has also been able to find other ways to do that too.
Efficiency
In a typical company, they have to pay a substantial monthly and yearly rate for everything. If they don’t get to a value in the budget, they will have a hard time making ends meet.
In this situation companies in a long term capacity often spend their money much more often than they need to and are usually less profitable.
The budget and effectiveness of B2B is so strong because the company uses them well and they use them to deliver the company value.
In other words because in their short term budget they need to spend less frequently on other things then they need to be spending more of them on real things.
B2B has been able to use all of these strategies in some way for a few years now, and it was very profitable.
The company also uses the approach to set their business goals based on what the project is going towards. These are now in the early stages of taking the company public, which will not only help them reach their project goals, but it also creates a new environment for potential customers to stay with the company.
This is great for those of us who want a better deal or who are working in a new industry area.
Conclusion
A few years ago I wrote that we needed to take a lot responsibility for our business in order to put more profit into the business. I believe this will lead to much greater efficiency of our budget and I want to share some examples of how business management is done for the purpose outlined in this article.
There are several things I will say about this:
You have to take a lot of care in order for us to be successful, and also to put so many of your own cash in to achieve this purpose.
This