Case study is referred as a descriptive, explanatory analysis of a person, group or event. An explanatory case study is used to explore the matter in order to find the underlying principles. Case studies can be of two kinds: Eventual or Retrospective.
Basically, Case studies are analysis of persons, events, decisions, periods, projects, policies, institutions or may be other systems all together that are studied in depth or comprehensively. The case that is the subject of all matters i.e subject of the inquiry shall be an example of a class of phenomena that provides an analytical frame-a stipulated object- within which the study is conducted where in the case lights up & elucidates.
In various competitive exams such as MBA, CAT, MAT, CMAT etc questions on case study are thrown open for aspiring candidates. Over here, a situation in a particular case would be given to the candidate that may have a word count range of 250-300. The candidates are supposed to go through the situation, analyze, discuss & arrive at a conclusion in a stipulated period of time.
The purpose of a case study is to understand the complexities involved in a particular situation through detailed analysis in order to reach an optimal solution. A case study is a particular situation with many strings attached in different dimensions.
How to tackle Case Study?
If one gets hold of the case from all dimensions, then it is comparatively easy to solve the case studies. For management studies, normally a case study shall involve a hypothetical situation in any organization. Case study is more about the understanding & analyzing. If one gets through these two aspects, he/she can easily handle any sort of case study given to solve.
Tips & tricks to solve a case study:
1. Understanding the organization’s objective: It is recommended that one understands the objective of the organization while solving a case study. But one must read between the lines to get a grab of the same.
2. Understand the problem: First & foremost step is to ask oneself what is the problem all about in order to understand it & what is so important in it to discuss about. There shall be presence of some sort of character or theme, around which the whole problem shall be revolving. One must be able to identify that.
3. Analyze the different dimensions of the problem: Once you are done with identifying, the next step is to start attacking the problem & analyze how it influences the other characters as well as the organization involved.
4. Look for an optimal solution: Optimal solution can be defined as the most advantageous or most favorable solution in all terms or from all aspects. Here in candidates are not expected to look for a perfect solution.
5. Put your analysis across: Do not hesitate to convey your analysis no matter what it takes. A candidate must be capable enough to undertake risks & remain firm in his/her decisions.
6. Read & Listen Carefully: Candidate must possess these skills of reading between the lines for the given situation.
Sun Pharmaceutical Industries, a multinational pharmaceutical company and one of the major players in the generic drug market in India, already had 16 successful acquisitions in its kitty when it acquired Ranbaxy in April 2014. The acquisition was expected to make the combined entity the 5th largest generic drug making company in the world and the largest in India. Ranbaxy had run into trouble with the FDA over regulatory issues in the past. The case deals with the future growth prospects, possible difficulties, and challenges that Sun Pharma could face post merger.
On April 06, 2014, India-based pharmaceutical companies, Sun Pharmaceutical Industries (Sun Pharma) and Ranbaxy Laboratories Limited (Ranbaxy), entered into an agreement under which Sun Pharma would acquire 100% of Ranbaxy in an all stock-transaction. The transaction had a total equity value of approximately US$ 3.2 billion , . The shareholders of Ranbaxy would receive a 0.8 share of Sun Pharma for each share of Ranbaxy. The exchange ratio represented an implied value of Rs.457 for each Ranbaxy share.
The combination of Sun Pharma and Ranbaxy was expected to create the fifth largest generic drug making company in the world and the largest in India. After the merger, Ranbaxy would cease to exist and the operations of the combined entity would be spread across 65 countries with 47 manufacturing facilities. It was expected to have a significant platform of specialty and generic products marketed globally including 629 ANDAs . Daiichi Sankyo Inc (Daiichi) , the previous owner of Ranbaxy, became the second largest shareholder in Sun Pharma and was to have one representative on the company’s board of directors.
One must focus on questions such as ;
- What made Sun Pharma go in for the acquisition of Ranbaxy?
- Did Dilip Shanghvi, Managing Director of Sun Pharma, make the right decision by acquiring the troubled Ranbaxy? Discuss.
- List the challenges that Sun Pharmaceuticals could face post merger.
Hope the above topic answers your question on how to solve a case study. Please share your views further on the case study matter.