Ses 3 Walmart win09

Ses 3 Walmart win09 - Session 3: How to Prepare Cases...

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Roger L McCarty Session 3: How to Prepare Cases Prof. Roger McCarty Structured Problem Solving and WalMart

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Roger L McCarty Define the Business Problem Multiple levels of the business problem can be defined. Drill to a level where actionable strategy can be developed. Primary Problem is almost always: How can this company develop or maintain competitive advantage? More specifics may be necessary: How can we lower cost in division X? How can we differentiate product in segment Y? How can we achieve 20 percent growth? The first step in case analysis is to define the problem.

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Roger L McCarty Develop Hypotheses A hypothesis is a solution statement presumed to be true until proven otherwise. Develop hypotheses to truncate analysis and to begin to zero in on solutions. Discard or change a hypothesis if further research disproves it. The second step in case analysis is to develop hypotheses. Perhaps the most critical technique in problem-solving is to develop hypotheses about the solution immediately after the problem is defined.
Roger L McCarty Develop Hypotheses Quick and Dirty Test (QDT): What are the key issues that support or refute the hypothesis? What assumptions need to be true in order for the hypothesis to be true? (If any of these assumptions is false, than the hypothesis is false) The Quick and Dirty Test (QDT) helps to distinguish between worthwhile and worthless hypotheses.

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Roger L McCarty Solve: Develop Hypotheses Why was revenue per store 18% higher in France than in Italy during the Fall
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This note was uploaded on 04/22/2011 for the course BUS M 432 taught by Professor Nedhill during the Winter '11 term at BYU.

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Ses 3 Walmart win09 - Session 3: How to Prepare Cases...

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