Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences...

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Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Transcript of Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences...

Page 1: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Converting Data to Information for Case Study Analysis

Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Page 2: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Making sense of it all.

Mixture of narrative, graphic and tabular data– Two steps of normative decision making model– Spreadsheet technology– Inputs to SWOT analysis

Page 3: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Starting an Analysis

Scan Re-read As a group

– Find 4 to 6 issues from case (see problem list)– Prioritize– Use these to value later bits of information

Page 4: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Problem List

Ethics Planning Organizing Directing Leading Structure Marketing Information systems Accounting Finance Facilities

Technology Economics Social Political Legal R&D Logistics Manufacturing Communications Human Resources Others…

Page 5: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Factoids

A factoid is a very short, single fact like CNN would use to entertain while adjusting timing.

– E.g. “The average time to produce a new generation of PCs is 9 months.”

Originate in:– Narrative– Tables– Graphs

Must be brief and limited to a single topic.

Page 6: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Gather Factoids in Excel

One person on PC enters factoids 1 per row. No factoids are excluded. Expect 8-12 pages from a 25 page case

study.

Page 7: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Classify and Value Factoids

Step one:– Classify as (I) internal or (E) external to

corporation Open vs. closed systems Boundary spanning

Step two:– Value items from:

-10 strong factor with detrimental effect w.r.t. issue 10 strong factor with positive effect w.r.t. issue

Page 8: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

Sort and discard

Sort internal and external primary Sort importance secondary Zone of indifference -8 to 8

– Expect to end up with no more than 12.

Remaining High Value items are important w.r.t. case issues.

Page 9: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

SWOT Analysis

Internal External

Strong Negative Weaknesses Threats

Strong Positive Strengths Opportunities

Page 10: Converting Data to Information for Case Study Analysis Adapted from J. Osborne in Decisions Sciences Journal of Innovative Education 3:1 p137.

On with the analysis

Further analysis/number crunching Recommended plan of action Implementation plan and issues