For any business person, research plays a significant
role before one starts to launch any project they have in mind. You may at
first had the idea and hypothesis but in order to minimize the percentage of
failure, you have to check if it is achievable and positive to implement which
basically streams down the need to address a certain problem. Today, we are
checking why the case study is the most proven approach to limit crashing down
the ladder of success in the implementation of the project.
The Case Study Approach And How To Conduct It
There are many approaches that can answers if your
business idea is feasible or not but we highly recommend to choose case study
method wherein you will get answers from raw cases and sources from a variety
of materials to have a more deepened understanding to create better solutions.
For that, you need to be specific on your aim or your question, conduct the
background check, and to keep a record of the reports from day one until it is
done so here is how you can do it.
First, of course, you must have formulated the questions
you need to find answers. Knowing it is a prime act in order to proceed to the
next because how will you do research if you do not have a hint of what could
be wrong or the issue in the context.
Second, you need to see who would be the groups or
population of people that could benefit or contribute in order to come up to an
answer in a more precise result.
Third, formulate your questionnaire and the ways you can
retrieve information from these groups. We can have these done by online
survey, personal approach, post or mail questionnaire, telephone interviews and
other ways you could sort out.
Fourth, based on the data you gathered you need to
transcribe it and conduct observations so you can conceptualize a vision. Tally
and note down everything. In doing case studies you need to get works from
organizations done by a period of time done by a group of individuals. This
could mean that you may be doing a single study on the questions needed to seek
an answer or you can do multiple studies from the numerous shreds of evidence.
The Categorical Cases Studies Types Based On Costumed
Division Approach
There is no single case study approach that you can say
stronger than the other. Each has its limitations and strength so it all boils
down unto what is the target of the researcher. Say for example we use the
illustration approach. This particularly uses events or cases from two or one
existing situation and of course, the result will narrow down to these two
cases.
You may also think of exploratory approach which you may need measurement before you will have your research however, the results may yield a convincing answer at first but at the end, it is not when you came into a larger scale. If you wish to have a lesser cost, you may try the accumulative approach by which you already basing your research on past collected data at a certain time. Now, you be doing in repetition or you can conduct a case study by generalization approach wherein you will be scrutinizing situations in a critical way. This would be suitable if you would like to see the cause and effect.
You may also think of exploratory approach which you may need measurement before you will have your research however, the results may yield a convincing answer at first but at the end, it is not when you came into a larger scale. If you wish to have a lesser cost, you may try the accumulative approach by which you already basing your research on past collected data at a certain time. Now, you be doing in repetition or you can conduct a case study by generalization approach wherein you will be scrutinizing situations in a critical way. This would be suitable if you would like to see the cause and effect.
Case studies had been very helpful to a business person
today like Ma Yun, who saw the need to offer loans via online transaction for
farmers. This makes usage of the existing platforms that had made Alibaba made
its presence on the web and extending the services to offer loan financing.
There were challenges needed to surpass in order to make way for the
implementations of the project way back to 2017 in order to regulate it better
using the internet. Most of the case studies are done in order to come into
realization the innovation and service that once were just a dream.
The Happy Outcome It Brings In Recent Times
Years after, the Ant Financial with every twist of
consequences and challenges they had faced it is now on the top 10 global
banks. Cris Skinner’s had written more about the summary of the case studies
conducted in the English version that you can get online. It tells you how
inspiring such stories that pulled together in partnered method into the making
of things. The company like Ant Financial is still a baby to garnered such
success and become among these most stable IPO’s in history.
This just proved us that successful business idea steams
down on these type of research methods and approach being used. If what’s at
stake is a dream, wouldn’t you much prefer case study method?
This evidence tells you how far you can go with this
right research application. There are many ways you can choose from; however,
when it is more than the money we are talking we recommend the use of the case
study. As for that, if you do not have teams to conduct there are researchers
you can hire service from reputable companies online but you need to pick the
amazing team to work with your project.
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