analyse and solve a case? 1º Understand the business and the industry Pest Analysis: provides the context or “big picture”
● Political and regulatory: political stability and government
intervention ● Economic: policies have a great impact on business and their expansion ● Socio-cultural: buying patterns ● Technological: level of R&D, automation, innovation... Porter's Five Forces: provides competition info SWOT Analysis: about company itself Internal Questions: about company itself
● Mission and vision statements?
● Profitable? ● Trends and comparisons from financial data? ● How many people do they employ? ● What's stopping them from achieving their goals? The 4 P's: about the product -and therefore the clients
● PRODUCT: what are you selling?
● PRICE: for how much? ● PLACE: where do you (or are you going to) sell it? ● PROMOTION: how are you going to increase awareness? FINAL MAP: existing and potential relationships
Who can help the organisation implement the solution?
2º Recognize and understand the company's issues (challenges) Specific issues After the analysis of the current position the company's problems should come to light → important to address them by their importance
1.Conduct your situational analysis
2.Make a list of every problem you can find 3.Start to group your issues into categories 4.Find out what connects the categories Critical factors
The factors in the case that you identify as having
significant influence on the possible solution to the issue/s
● What does success look like for the organisation?
● If these factors are not met, your solution will not be successful 3º Options and solutions Different options
List all reasonable alternative options solutions (from the
analysis, research and own knowledge)
● Brief and objective analysis of each alternative solution
● Aim to be creative and imaginative, balanced by what is realistic to be implemented 4º Make your recommendation Your recommendation justified
● Clearly and concisely state your chosen solution
● Provide justification for it ● Make it clear that your solution addresses one or more issues ● Explain how it will be implemented (timeline and budget) ● Finally: What are the impacts of your solution? 5º Risks and Mitigations R&M
Process of planning and developing methods and options to
reduce threats—or risks—to project objectives.
Five common strategies to address them:
1. Assume and accept risk 2. Avoidance of risk (implement product testing to avoid the risk of product failure) 3. Controlling risk (take actions to reduce or eliminate the impacts of identified risks) 4. Transference of risk (transfer the stain of risks to another party) 5. Watch and monitor risk (standard project review plan)