Katástasi is a Greek word meaning ‘situation’. In the world of business , we come across situations that present us with myriad variety of dilemmas, issues and problems.Decision-making under various constraints and limitations is the prime challenge for a manager or entrepreneur. A description of such critical business or related situations in the form of gripping story is a ‘Management Case.’ Such cases, when used as a learning tool, bring out the personality of the student and build decision making and leadership skills. Thus the ‘Case Study method’ is a powerful action learning approach to acquire management and leadership skills.
Case writing too provides a critical intellectual skill for deeper understanding of the changing business environment. Generally, cases are written by faculty and not students! Since ‘summer internship’, class or live projects are integral part of the curricula at most higher education institutions, the students are exposed to practical experiences. Such experiences have the potential to be exploited for developing greater understanding of the issues/problems. Describing such experiences through case writing gives a leap to the analytical skills of the students as they are not only solving but also knitting a story by putting together the situations, issues and relevant information. Such an integrative experience will augment the employability of the students.