Case Competition Prep Seminar (Tuesday 5 – 6 pm, room 410)
Case competitions come in several varieties these days– business idea pitches, case analysis, funding strategy, data analytics. Join us for an hour on Tuesday to discuss preparation strategies. Open to all Questrom students (undergrad and grad). This will be a 20 minute presentation followed by Q&A, in order to better answer specific questions. There are currently 5 undergrad / grad teams I’m working with this month alone and likely more to come in the fall / spring semesters. Go Terriers!
Formats vary according to a number of dimensions. The following dimensions are often used to classify and compare competitions: Host: corporate versus educational institution; Participant selection: “by invitation” versus “by application”; and, Level: undergraduate, graduate. Formats may vary along practical dimensions, including: Case specificity (whether the case has been written especially for the competition or not); Number of teams; Organization (student-run, professional etc.); Rules, e.g.:Time (common formats are 3-4 or 24 hours), Materials, Degree of access to expert advice (either from within the competition or externally, and electronically or face to face).
Some competitions add complexity to create a more interesting challenge. For example, Ohio State University (OSU)’s Center For International Business Education And Research (CIBER), in its annual Case Challenge, created teams from the overall pool of participants, regardless of school, dissolving the usual school-based team format. For the Ohio State scenario, once the students are assigned to teams, a full day of team-building exercises is run for competitors.
Competitions can be internal to a business school, or they can involve teams from multiple schools. Sometimes the competition includes several rounds, with the final round typically judged by outside company executives (sometimes the panel consists of executives from the actual company in the case). For example, the University of Washington’s Foster School of Business’ 2010 round of its Global Business Case Competition featured a customized case on the Boeing Company and Boeing executives acted as judges.