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HOW TO EXCEL AT CASE COMPS 01. Building the Foundations
So you have planned to enter into a case competition, now it’s time to form the right team for you!
When forming a case competition team it is important to have a diverse range of strengths amongst teammates. Teams typically have 1 person applying analysis, 2 brainstorming solution strategies and another working on implications and nancials. To further breakdown exactly what these roles entail:
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The ‘Financial Planner’ - As self-explanatory as it sounds, the nancial planner is in charge of calculating and presenting the long-term nancials for the idea. This role may also include exploring the implications for users of the product or service.
The ‘Analyst’ - This person further analyses the issue to gain insights through studying analytical data and reviewing articles/reports. The ‘Strategist‘ - These individuals seek to decide how to best solve the issue at hand using innovative solutions that can be applied in the real world.
Although each role is highly important in turning the wheels for a successful competing team, they are not constrained to these 3 personas. Successful teams will also have a leader/visionary who organises the logistics, a good communicator to keep the team on track and a perfectionist who will seek to beautify the slide deck and presentation.
All in all, formulating a great team sets up a strong foundation upon which a good case solution can be built. Once the team is formed, understanding each other's working styles and setting goals/expectations is the next step in getting the team to work harmoniously.