RSM322 writing package

RSM322 writing package - DL&LH Spring 2011 Case Writing...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
DL&LH Spring 2011 Page 1 of 7 Case Writing Package RSM 322 Spring 2011 What is a case? A case is simplified business situation designed to illustrate the use of one or more accounting concepts in a more complex context than a problem. Cases are used to increase the amount of “deep thinking” that occurs when learning a concept. How do I prepare a case? Step 1 Read the case several times and make notes on the facts in the case. The questions at the end of the case are meant as “hints” to guide you toward the correct solution but directly answering these questions will only result in a partial case solution. Know your role in the case (i.e. are you a member of management, are you part of a consulting team?). Figuring out who you are in relation to the company and its employees will determine how you present your solution and what type of a solution you provide. If you are not given guidance about your role in the case question, assume you are a member of an outside consulting firm called in to give advice on a problem the company is facing. Your solution will always involve interpreting and advising on the use of financial data for more effective management. Always read the financial data and assess it and analyze it to help you advise the company. Step 2 Make sure you know what the company does. This includes not only the product line or service provided by the business but also the manufacturing process of product or a description of the activity flow of the service provided. Detailed information regarding this can usually be found on the Internet if it is not provided in the case itself. It is often more interesting to show pictures of the various stages of the process or to prepare a chart of the work flow to allow better visualization and understanding of what goes on in the company. Make sure to identify the company’s strategy: is the company a cost leader, product differentiator or market niche? See Appendix 2 for additional notes on strategy identification. Step 3 Research the larger context within which the company operates. Sometimes using Porter’s 5 Forces Model is helpful to identify important questions about the current business environment such as: o Who are the company’s competitors? o Who are the company’s suppliers? o Who are the company’s customers? o Are there potential new entrants to the market? o What are potential substitute products or services? You should try to determine if possible where your company ranks in the industry and use ratio analysis to determine whether it is doing better or worse than industry norms.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
DL&LH Spring 2011 Page 2 of 7 A research librarian will provide guidance in how to use Rotman library resources for this research during the first lecture. Step 4
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/23/2011 for the course RSM 322 taught by Professor Lisaharvey during the Spring '11 term at University of Toronto.

Page1 / 7

RSM322 writing package - DL&LH Spring 2011 Case Writing...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online