Tag Archives: case competition

“I never get an interesting topic”

Personal Competitive Advantage
Vintage Whine: “This topic just isn’t interesting.”

“I never get an interesting topic.”

I hear this lament more often that I care to.

No more vintage whine or self-sabotage  exists than this one, uttered in ignorance of its true meaning.

Here are two scenarios.  Both are possible.

You’re assigned your case, and you skim over it.

Ugh.  It’s not “interesting.”

And you find that you must write a memo on the case, analyzing it and teasing out its implications for the strategic direction of the firm, and then you must work with a group of folks you probably don’t hang out, probably don’t know . . . or even like.

You groan as you don’t recognize the company or the people in the case.

Such an “Old” Case

The case isn’t dated last week, so you think it’s “old.”

You complain that you don’t understand why you’re assigned this “boring” case instead of a “modern” case on something hip . . . say, an Apple innovation or a product you heard mentioned in a commercial during the latest Kardashian reality TV offering.

No, you don’t understand why it doesn’t seem to speak to you and your needs.

Now.

This minute.

Roll of the eyes.

“Whatever.”

Especially Powerful
Personal Competitive Advantage does not mean focusing on “me.”

Never pausing.

Never pausing to examine the central factor that your lack of understanding is the problem.

Your framework is so cramped, your context so self-circumscribed, your interests so few that it’s impossible for you to situate the case in its proper place with the tools at your disposal.

You complain that it’s not “relevant” and so you make no attempt to understand its “relevance.”

It’s not an “interesting topic.”

You never get an “interesting topic.”

That’s one scenario of how it goes.

Another scenario is the Embrace.  Opening the heart and mind to the new.

Embrace the Un-interesting Topic

You’re assigned your case, and you skim over it.

And you must write a memo on the case, analyzing it and teasing out its implications for the strategic direction of the firm, and then you must work with a group of folks you don’t know and probably don’t hang out with . . . or even like.

You scratch your chin, metaphorically, and you roll up your sleeves (again, metaphorically) and you ask yourself  questions like these . . .

“What can I learn from this process?  How can I turn this whole process into an experience I can craft stories about to tell in my upcoming job interviews?   How can I take this case, digest it, and make it part of my growing context of business knowledge?”

And as for the inevitable public group presentation, ask yourself:

personal competitive advantage
A classic case and topic that initiates you into the business fold

“How can I work best with these folks in my group to produce a spectacular presentation that will then become part of my resume?

How can I help mask the internal disagreements and personality conflicts so that our audience does not suspect that several of us detest each other?

How can I make this presentation interesting for my audience?

Remember that there are no inherently interesting topics.  Every topic has potential for generating great interest, if you do your job right.

Because please understand . . . no one cares if the topic interests you.

As a professor, I certainly don’t.

I want to know what you plan to do with the topic and the case.

Your job is to infuse the topic with power and generate interest about it for your audience.  And if you do that, you gain tremendous personal competitive advantage.

Crown Cork and Seal is an example of such a case that many students don’t find “interesting.”  It’s a classic case that almost every MBA student must read and analyze.

The Crown Cork and Seal case is about making and selling tin cans.  And how a firm with resources identical to the other major can manufacturers managed to outperform the industry by a stretch.

That’s a mystery, and a great one to solve.

And it’s an interesting topic . . . if only you embrace the case.

For more “interesting topics” about personal competitive advantage, consult the Complete Guide to Business School Presentations.

Drexel LeBow takes #1 in L’Oreal National Contest

Personal Competitive Advantage
David Greenberg, President of L’Oreal’s Professional Products Division in the United States discusses idea implementation with Team DragonFire

New York, April 13 — Drexel University’s DragonFire team of three students met L’Oreal’s challenge to “Invent the Professional Salon Experience of the Future” and took top honors in the L’Oreal Brandstorm 2018 case competition in a field of 52 teams over a two-day competition April 12-13.

Drexel LeBow College of Business bested Harvard, Berkeley, Northwestern, NYU, Michigan, NC A&T, Texas, and Southern Cal in the top ten.  Drexel is joined by co-champion Penn State in representing the United States in Paris for the L’Oreal World Championship in May.

Drexel LeBow College Seniors Shine

The Team of Drexel LeBow seniors Amalya Boulajouahel, Bianca Fernandes, and Laura Sturzeneggar pitched its concept for a sophisticated technological solution that links salons, customers, and L’Oreal in a way that utilizes big data to benefit all three.

Especially Powerful Drexel LeBow
Top Ten in the Nation Compete in L’Oreal Finals

L’Oreal’s talent acquisition executives, as well as David Greenberg – the President for L’Oreal’s Professional Products Division in North America – quizzed the team for at least an hour after the competition with questions about development and execution of the idea.

“The team’s commitment to develop their ideas and their dedication to learn and to grow as powerful and expressive business people was a major factor in their success in the competition,” said team faculty mentor Stanley Ridgley, associate clinical professor of management at LeBow.  Our team offered L’Oreal a strong, scalable core concept that L’Oreal loved.  Now it’s on to Paris for the world championship!”

Especially Powerful Personal Competitive Advantage
Drexel LeBow is off to Paris for the World Finals

Drexel LeBow Management Department Chairman Murugan Anandarajan added “These young women represent the business spirit we inculcate in all our students as they learn the wealth-creation process – they exemplify the qualities of leadership, imagination, and technical savvy.  I’m truly proud of these young women, who are sterling ambassadors for LeBow.  Bravo!”

 

Case Competition Victory

case competition victory
Case Competition Victory – Preparation and Performance

 In earlier posts, we examined the lead-in steps for your case competition preparation.

Your team is now on the cusp of delivering a business presentation to win a case competition.

Recognize and accept that your presentation is a wholly different communication mode than your final memorandum or report.

Treat it this way, and your chances of case competition victory increase dramatically.

Case Competition Victory?

If your analysis is robust and your conclusions are sound, as should be with all the entries, then a powerful and stunning presentation delivered by a team of confident and skilled presenters wins the day most every time.

The competency of most case competition teams is relatively even.

If a team lifts itself above the competition with a stunning presentation, it wins.

If you have reviewed the step-by-step preparation to this point and internalized its message, you understand that you and your teammates are not something exclusive of the presentation.

Case Competition Victory
Case Competition Victory Means Embracing the Message

You are the presentation.

By now, you should be well on the way to transforming yourself from an average presenter into a powerful presentation meister.

You know the techniques and skills of the masters.

You’ve become an especially powerful and steadily improving speaker.

You constantly refine yourself along the seven dimensions we’ve discussed:  Stance, Voice, Gesture, Expression, Movement, Appearance, and Passion.

Apply the Seven Secrets

When I coach a team how to win a case competition, the team members prepare all of their analysis, conclusions, and recommendations on their own.

Your team’s combined skills, imagination, and acumen produce a product worthy of victory.  The team then creates their first draft presentation.

It is at this point that the competition is most often won or lost.

Powerful winning presentations do not spring forth unbidden.  Or from the written material you prepare.

The numbers do not “speak for themselves.”

The “power of your analysis” does not win a case competition on its own.  You cannot point to your handout repeatedly as a substitute for a superb presentation.

Your case solution is not judged solely on its substantive merit, as if the brilliance of your solution is manifest to everyone who reads it.  It’s judged on how well you communicate the idea.

Powerfully.

Persuasively.

Each member of your team must enter the presentation process as a tangible, active, compelling part of the presentation.  And you must orchestrate your presentation.  Work seamlessly together with each other, with the visuals you present.

And with the new knowledge you create.

Remember that it takes much more than a handful of last-minute presentation “tips” to achieve a case competition victory at the highest level.

You can achieve personal competitive advantage in presenting.  Give it shot.

For more deep secrets on how to win a case competition, consult The Complete Guide to Business School Presenting.

Business Case Competition . . . Phase II

Business Case Competition Preparation is key to victory
Business Case Competition Preparation is key to victory

Phase 2 of your business case competition preparation begins when you’re issued the case.

Recognize that the nature of this case may differ from what you are accustomed to.

It could be more incomplete and open-ended than the structured cases you’ve dealt with before.

In fact, it could be a contemporary real-world case with no “solution.”  It could be a case crafted especially for the competition by the competition sponsor.

Business Case Competition Preparation

Your first step – your team members read the business case once-through for general information and understanding.

You inventory issues.

You define the magnitude of the task at hand.

Here, you draw a philosophical and psychological box around the case.  You encompass its main elements.

You make it manageable.

Business Case Competition Preparation is your Edge
Business Case Competition Preparation Readies you for any Challenge

You avoid time-burn in discussions of unnecessarily open-ended questions.

Your discussion proceeds on defining the problem statement.

At this point, your expertise and skills gained in years of business schooling should guide you to develop your analysis and recommendations.

The difference in acumen and skill sets among teams in a competition is usually small.  So I assume that every business team will produce analytical results and recommendations that are capable of winning the competition.

This includes your team, of course.

Victory or Defeat?

The quality of teams is high.  The output of their analyses is similar.

This means that victory is rarely determined by the quality of the material itself.

Instead, victory and defeat ride on the clarity, logic, power, and persuasiveness of the public presentation of that material.  I have seen great analyses destroyed or masked by bad presentations.

The Presentation is the final battlefield where the competition is won or lost.Especially Poweful Case Competition

And so we devote minimum time here on the preparation of your arguments.

Many fine books can help you sharpen your analysis.  Try this one.

This post concerns how you translate your written results into a powerful presentation that is verbally and visually compelling.

We’re concerned here with the key to your competition victory.

Here is your competitive edge:  While 90 percent of teams will view their presentations as a simple modified version of the written paper that they submit, your team attacks the competition armed with the tools and techniques of Especially Powerful Presenting.

You understand that the presentation is a distinct and different communication tool than the written analysis.

Your own business case competition preparation distinguishes you in dramatic and substantive ways.  This translates into a nuanced, direct, and richly textured presentation.

One that captivates as well as persuades.

Cut ’n’ Paste Combatants

Many teams cut-and-paste their written paper/summary into the presentation, unchanged.  This usually makes for a heinous presentation that projects spreadsheets and bullet points and blocks of text on a screen.

These monstrosities obscure more than they communicate.  It’s a self-handicap and a horrendous mistake.

Sure, at times you will see winning presentations that do this – I see them myself on occasion.  This usually happens for one of several reasons, none of them having to do with the quality of the visual presentation . . .

1) Substance trumps:  The business analysis and recommendation is substantially better than all other entries and overcomes deficiencies in presentation.

2) Mimicry:  All entries utilize the same defective method of cutting-and-pasting the final report onto PowerPoint slides.  This levels the playing field to a lowest common denominator of visual and verbal poverty.

Parsimony

Remember – hold back details of your recommendations for use and explication during the Q&A period.  Don’t present all the fruits of your analysis.

Don’t get down into the weeds.

Too much information and too many details can cripple your initial presentation.  A parsimonious presentation should deliver your main points.  Deliver them with power and impact.

They should stand out.  Don’t submerge them under an avalanche of well-intentioned detail.

Avoid the urge to “get it all in.”

It’s difficult to decide what to leave out of your initial presentation.  But it’s as important as deciding what to include and emphasize.

Train yourself on the Case Competition.  Consult The Complete Guide to Business School Presenting.

Next Post . . . Phase III of the Case Competition

How to Win a Business Case Competition

The business case competition puts you in front of Corporate America in naked competition against the best students from other schools.

No hiding behind a resume.

No fast-talking a good game.

No “national rankings.”

Just pure performance that puts you in the arena under lots of pressure.

Business Case Competition as Crucible

In business case competitions,  your team delivers a business presentation in competition against other teams in front of a panel of judges.

Teams display how quickly, thoroughly, and skillfully they can ingest a case, analyze it, and then prepare their conclusions.

They then present their recommendations to a panel of judges.

Case Competition
Develop a Winning Strategy for your Business Case Competition

Business case competitions vary greatly in the details, but they do have a standard format and purpose.

The idea behind such competitions is to provide a standard case to competing teams with a given time limit.

Then, rate how well the teams respond.

There is, of course, no direct competition between teams.  Rather, each team is judged independently how well it handles the assigned case and presents its analysis and recommendations.  There is a time limit and specific rules.

All teams operate under the same conditions.

Business Case Competitions Far and Wide

Competitions can be internal to the Business School or involve teams from several different schools.

Sometimes there are several rounds of competition, with the final round typically judged by outside company executives.  The teams prepare a solution to the case and deliver a written report.

Teams then prepare a presentation of their analysis and recommendations and deliver the timed presentation before a panel of judges.

The judging panel sometimes consists of executives from the actual company in the case.

The University of Washington’s Foster School of Business is good about this in its renowned Global Business Case Competition.  Twelve to fourteen schools from around the globe compete in this week-long event.

Business case competitions, a source of competitive advantage
Business case competitions can enhance your personal competitive advantage

One excellent aspect of case competitions that are judged by outsiders is that they provide a truer indication of the competitors’ mettle.

For the most part, they are far removed from the internal politics of particular institutions, where favored students may receive benefits or rewards related more to currying favor than to the quality of their work.

Here’s the Global Business Case Competition Facebook Page.

Throwing a Case Competition Curve

In some competitions, additional twists make the competition interesting and more complicated.

For instance, Ohio State University CIBER hosts an annual Case Challenge and creates teams from the pool of participants (i.e., members will be from different schools) instead of allowing the group of students from each school to compete as a team.

In this case, once students are assigned to teams, there is a day of team-building exercises.

The key to doing well in case competitions is to differentiate yourselves beforehand.  This is much easier than you might imagine.  Start with the Three Ps of Business Presentations.  They provide a steady guide to ready you for your competition.

Principles . . . Preparation . . . Practice.

In subsequent posts, we deconstruct the business case competition to help you and your team prepare to your potential and deliver an especially powerful presentation.

You can also learn the entire process of preparing to win business case competitions from The Complete Guide to Business School Presenting.

Business Case Competitions Worldwide!

The Business Case Competition builds skills and tests your mettleI often judge presentations in business case competitions, and I never fail to be impressed at the high caliber of students competing.

Versed in the intricacies of wealth-building and savvy in the ways of Wall Street, the next generation of business leaders is well-armed for the competitive battles of tomorrow.

And case competitions are the way to display those skills.

Case Competitions Worldwide

In my last post, I described the crucible of case competitions and how they can lead to increased opportunities in the business world.

If it interests you (and it always interests the best), then review this site that was recently passed to me.  Appropriately enough, it’s called www.studentcompetitions.com, and its motto says:  Compete. Show Your Skills. Get Awarded.

The site features a constantly updated database of student  competitions worldwide.  As of this writing, 334 contests and competitions are listed.

So if you are serious about bringing to bear all of your business acumen in a public demonstration of your abilities to collaborate across a range of sub-disciplines in business, then go now to http://studentcompetitions.com and see what awaits you.

No Time for Modesty or Mediocrity

The Case Competition is your chance to demonstrate a wide range of corporate business skills in a collaborative effort.  You receive recognition, valuable experience, sometimes monetary reward, and perhaps an open door to corporate employment.  The competition is a showcase for your skills.

You can also win anywhere from $1,000 to $75,000 in a single business case competition.

Click for more information on how to deliver Especially Powerful Business School Presentations and learn the key secret techniques of how to win the business case competition.

Case Competitions Test Your Mettle

Business Case Competition
How do you compare to the best? Or are you the best?

The business case competition puts you in front of Corporate America in naked competition against the best students from other schools.

No hiding behind a resume.

No fast-talking a good game.

No “national rankings.”

Just pure performance that puts you in the arena under lots of pressure.

Business Case Competition as Crucible

In case competitions,  your business team delivers a business presentation in competition against other teams in front of a panel of judges.

Teams display how quickly, thoroughly, and skillfully they can ingest a case, analyze it, and then prepare their conclusions.

They then present their recommendations to a panel of judges.

Business case competitions vary greatly in the details, but they do have a standard format and purpose.  The idea behind such competitions is to provide a standard case to competing teams with a given time limit and then to rate how well the teams respond.

There is, of course, no direct competition between teams.  Rather, each team is judged independently how well it handles the assigned case and presents its analysis and recommendations.  There is a time limit and specific rules.

All teams operate under the same conditions.

Business Case Competitions Far and Wide

Competitions can be internal to the Business School or involve teams from several different schools.

Sometimes there are several rounds of competition, with the final round typically judged by outside company executives.  The teams prepare a solution to the case and deliver a written report.

Teams then prepare a presentation of their analysis and recommendations and deliver the timed presentation before a panel of judges.

The judging panel sometime consists of executives from the actual company in the case.

Business case competitions, a source of competitive advantage
Business case competitions, a source of competitive advantage

The University of Washington’s Foster School of Business is good about this in its renowned Global Business Case Competition.  Twelve to fourteen schools from around the globe compete in this week-long event.  Its 2013 competition featured a case on Frog’s Leap Winery, which is known for its commitment to sustainability.

Frog’s Leap Winery produces high quality wines using organically-grown grapes and was a leader in adopting an environmental management system for production.

The competition teams, which act as outside consultants, were asked to make recommendations in three areas:   (1) the next sustainability initiative that Frog’s Leap should undertake, (2) identification of two potential markets outside the US, and (3) marketing plans for those new markets.

With 48 hours to craft a case solution and presentation, Concordia University won that 2013 competition against a range of international competing universities.

Testing Your Mettle

One excellent aspect of case competitions that are judged by outsiders is that they provide a truer indication of the competitors’ mettle.

For the most part, they are far removed from the internal politics of particular institutions, where favored students may receive benefits or rewards related more to currying favor than to the quality of their work.

In some competitions, additional twists make the competition interesting and more complicated.

For instance, Ohio State University CIBER hosts an annual Case Challenge and creates teams from the pool of participants (i.e., members will be from different schools) instead of allowing the group of students from each school to compete as a team.

In this case, once students are assigned to teams, there is a day of team-building exercises.

The key to doing well in case competitions is to differentiate yourselves beforehand.  This is much easier than you might imagine.  Start with the Three Ps of Business Presentations.  They provide a steady guide to ready you for your competition.

Principles . . . Preparation . . . Practice.

In subsequent posts, we deconstruct the business case competition to help you and your team prepare to your potential and deliver an especially powerful presentation.

You can also learn the entire process of preparing to win business case competitions from The Complete Guide to Business School Presenting.

Win Your Case Competition

Win your case competition (every time)
Win Your Case Competition

In earlier posts, we examined the lead-in steps for your case competition preparation – now your team is on the cusp of delivering a business presentation to win your case competition.

Recognize that your presentation differs from the written report.

Accept that your presentation is a wholly different communication mode than your final written solution.

Treat it this way, and your chances that you win your case competition increase dramatically.

How to Win Your Case Competition

The analytical competency of most case competition teams is relatively even.

Your analysis is robust and your conclusions are sound, as should be with all the entries.

With this substantive parity among competing teams, a powerful and stunning presentation delivered by a team of confident and skilled presenters will win the day most every time.

Could be Big Money if you Win Your Case CompetitionIf a team lifts itself above the competition with a stunning presentation, it wins.

If you have reviewed the step-by-step preparation to this point and internalized its message, you understand that you and your teammates are not something exclusive of the presentation.

You are the presentation.

By now, you should be well on the way to transforming yourself from an average presenter into a powerful presentation meister.

You know the techniques of the masters.

You are skilled.  Confident.

You have become an especially powerful and steadily improving speaker who constantly refines himself or herself along the seven dimensions we’ve discussed:  Stance, Voice, Gesture, Expression, Movement, Appearance, and Passion.

Employ the Seven Secrets to Win Your Case Competition

When I coach a team how to win a case competition, the team members prepare all of their analysis, conclusions, and recommendations on their own.  Here are some tips how to do this.  Their combined skills, imagination, and acumen produce a product worthy of victory.

The team then creates their first draft presentation.

It is at this point that the competition is most often won or lost.

Powerful winning presentations do not spring forth unbidden or from the written material you prepare.  The numbers “do not speak for themselves.”

The “power of your analysis” does not win your case competition on its own.  You cannot point to your handout repeatedly as a substitute for a superb presentation.

Your case solution is not judged on its merit alone, as if the brilliance of your solution is manifest to everyone who reads it.

It is judged on how well you communicate the idea.

Powerfully.  Persuasively.

Each member of your team must enter the presentation process as a tangible, active, compelling part of the presentation.  And you must orchestrate your presentation so that you work seamlessly together with each other, with the visuals you present, and with the new knowledge you create.

You are performing, like a cast in a play.  Ensure everyone plays the part well.

For more deep secrets on how to win a case competition, consult The Complete Guide to Business School Presenting.

Business Case Competition Preparation . . . Step II

Business Case Competition Preparation is key to victory
Business Case Competition Preparation is key to victory

Phase 2 of your business case competition preparation begins when you’re issued the case.

Recognize that the nature of this case may differ from what you are accustomed to.

It could be more incomplete and open-ended than the structured cases you’ve dealt with before.

In fact, it could be a contemporary real-world case with no “solution.”  It could be a case crafted especially for the competition by the competition sponsor.

Business Case Competition Preparation

Your first step – your team members read the case once-through for general information and understanding.

You inventory issues.

You define the magnitude of the task at hand.

Here, you draw a philosophical and psychological box around the case.  You encompass its main elements.

You make it manageable.

Business Case Competition Preparation is your Edge
Business Case Competition Preparation Readies you for any Challenge

You avoid time-burn in discussions of unnecessarily open-ended questions.  Your discussion proceeds on defining the problem statement.

At this point, your expertise and skills gained in years of business schooling should guide you to develop your analysis and recommendations.

The difference in acumen and skill sets among teams in a competition is usually small, so I assume that every business team will produce analytical results and recommendations that are capable of winning the competition.  This includes your team, of course.

Victory or Defeat?

The quality of teams is high, and the output of analysis similar.  This means that victory is rarely determined by the quality of the material itself.

Instead, victory and defeat ride on the clarity, logic, power, and persuasiveness of the public presentation of that material.  I have seen great analyses destroyed or masked by bad presentations.

The Presentation is the final battlefield where the competition is won or lost.

And so we devote minimum time here on the preparation of your arguments.  Many fine books can help you sharpen analysis.  This post concerns how you translate your written results into a powerful presentation that is verbally and visually compelling.

We are concerned here with the key to your competition victory.

Here is your competitive edge:  While 95 percent of teams will view their presentations as a simple modified version of the written paper that they submit, your team attacks the competition armed with the tools and techniques of Power Presenting.

You understand that the presentation is a distinct and different communication tool than the written analysis.

Your own business case competition preparation distinguishes you in dramatic and substantive ways.  This translates into a nuanced, direct, and richly textured presentation.

One that captivates as well as persuades.

Cut ’n’ Paste Combatants

Many teams cut-and-paste their written paper/summary into the presentation, unchanged.  This usually makes for a heinous presentation that projects spreadsheets and bullet points and blocks of text on a screen.

These monstrosities obscure more than they communicate.  It is a self-handicap and a horrendous mistake.

Sure, at times you will see winning presentations that do this – I see them myself on occasion.  This usually happens for one of several reasons, none of them having to do with the quality of the visual presentation . . .

1) Substance trumps:  The business analysis and recommendation is substantially better than all other entries and overcomes deficiencies in presentation.

2) Mimicry:  All entries utilize Business Case Competition Preparation front-loads your competitive edgethe same defective method of cutting-and-pasting the final report onto PowerPoint slides.  This levels the playing field to a lowest common denominator of visual and verbal poverty.

Don’t present all the fruits of your analysis.

Too much information and too many details can cripple your initial presentation.  Remember – hold back details for use and explication during the Q&A period.

A parsimonious presentation should deliver your main points.

Deciding what to leave out of your initial presentation can be as important as deciding what to include and emphasize.

For in-depth training on the Case Competition, consult The Complete Guide to Business School Presenting.

Next . . . Phase 3

Business Case Competition Season is Here

Your Business Case competition Guide, the source of competitive advantage

Business Case Competitions usually launch in the spring, so now is the time to prepare.

The key to doing well in business case competitions is to differentiate yourselves beforehand by following your case competition guide.

Before you ever travel to the site of the competition.

Before they ever give you the sealed envelope with your business case enclosed.

This is much easier than you might imagine.  You begin by consulting your case competition guide.  And the guide starts with the Three Ps of Presenting.

The Three Ps of Business Presentations provide a roadmap to ready you for your competition.

Principles . . . Preparation . . . Practice

Principles.

You don’t start tuning your instrument for the first time when it’s time to perform a concert.  Likewise, you don’t begin honing your presentation skills when it’s time to present.

By the time of your competition, all of your team members should be thoroughly grounded in the principles of especially powerful presentations.

The principles offered here in this case competition guide.

This part of your competition prep should already be accomplished, with only a few review sessions to ensure everyone is sharp on the Seven Secrets.  These secrets are Stance . . . Voice . . . Gesture . . . Expression . . . Movement . . . Appearance . . . Passion.

Second, Preparation

Our case competition guide divides the preparation for the competition into three phases.

Phase 1:  Lead-in to the Competition

You are made aware of the competition’s rules.  You acknowledge and embrace the rules and what they imply.  Your entire team should become intimately familiar with the parameters of the competition – think metaphorically and spacially.

Recognize that the problem has length and breadth and depth.  Understand the finite limits of the context presented to you.  Know what you can and cannot do.  Think of it as an empty decanter that you fill with your analysis and conclusions on the day of the competition.

Later, upon receiving the actual Case, you will conduct the same process.  Recognize that the Business Case has length and breadth and depth.

But now, prior to the competition, take stock of what you already know you must do.  Then do most of it beforehand as the rules permit.

This includes embracing the problem situation long before you arrive on-site for a competition and before you receive the case in question.  Learn the parameters of the context in which you operate.  The case competition guide breaks the competition environment into discrete elements:

Competition rules

Length of presentation

Total time available (set-up, presenting, Q&A, Close-out)

Number of presenters allowed or required

Visuals permitted or required

Sources you may use, both beforehand and during the problem-solving phase

Prohibitions

You know that you are required to provide analysis of a case and your results and recommendations.  Why not prepare all that you can before you arrive at the competition?

Some competitions may frown on this or forbid it . . . fine, then do it when you can, at the first point that it is permissible.  This way, you spend the majority of your case analysis time filling in the content.

Follow the Business Case Competition Guide

Prepare your slide template beforehand according to the principles expounded here.

Business presentations have a small universe of scenarios and limited number of elements that comprise those scenarios.  A well-prepared team composed of team members from different functional areas will have generic familiarity with virtually any case assigned in a competition.

The team should have no problems dealing with any case it is presented.

Determine beforehand who will handle – generally – the presentation tasks on your team as well as the analytic portions of your case.  The following is offered as an example of how the task might be approached:

Your Business Case competition Guide

As part of this initial process, prepare your slide template with suitable logos, background, killer graphics, and charts and graphs requiring only that the numbers be filled in.

Leading into the competition, it’s essential that your team be familiar with sources of data that you may be permitted to utilize in conducting your case analysis.  Market research, industry surveys, and such like.

Be familiar with online databases like Business Source PremierMergent Online, and S&P NetAdvantage, because not all schools may have access to the data sources you use most often.

No Place for the Unprepared

With respect to the delivery or your presentation itself, a business case competition is not the occasion for you to polish your delivery skills.  You should have honed them to razor’s edge by now.

As well, perfect your orchestration as a team before arriving at the site of the competition.

At the competition, you lift your performance to the next level in terms of application of all the principles, precepts, and hard skills you learned in business school.  Finance, accounting, marketing, operations, strategy, analysis.

You apply them in a tightly orchestrated and professional presentation that pops.

If you have engaged the business case competition guide successfully during the lead-up to the competition, your taut case-cracking team will be ready when you finally receive the case.

A team ready to address the issues involved in the case problem.

COMING UP . . . PHASE 2

Access all of the secrets of masterful business presenting by consulting your business case competition guide:  The Complete Guide to Business School Presenting.

MBA Case Competition

MBA Case Competition Basics

A major business student rite of passage is the MBA case competition.

It’s tough . . . it’s pressure-packed . . . it’s demanding and stressful.

It can also be lucrative, as prize money for winning teams can be substantial . . . from $1,000 all the way up to $25,000.

Sure, you’ve presented in class in front of your professor and folks that you know, but you’ve not felt pressure until you’ve competed against the finest MBAs from other schools.

How do you and your school stack up against the best of the rest?

Business School Rankings are one thing, but MBA Case Competitions offer one of the few head-to-head matchups between schools.

And all the PR in the world can’t substitute for victory over your rivals.

Who Competes in MBA Case Competition . . . and How?

Let’s take, as an example, a Finance MBA Case Competition.

These are top-notch MBA students with work experience and especially powerful motivation to not only invest in a rigorous MBA program but to test their skills publicly in the fire of MBA case competition.

Substantively, this is a talented lot.

My colleagues, who specialize in the wizardry of finance, ensure that no idle comment goes unchallenged, no misplaced decimal escapes detection.  That no unusual explanation goes unexplored.

MBA Case Competition
MBA Case Competition Tests Your Mettle

At the higher-level finals competition, this fine-toothed comb catches few errors . . . because few errors exist to be caught.  These are superb students, imbued with a passion for the artistry of a company’s financial structure and operations.

Along this dimension, the teams are relatively well-matched.

But stylistically, much remains to improve.

And if you believe that “style” is somehow unimportant, you err fatally with regard to the success of your presentation.

By style, I mean all of the orchestrated elements of your business presentation that combine to create the desired outcome – emotional involvement with your message, a compelling story, and acceptance of your conclusions.  And all explained in an especially powerful way that transmits competence and confidence.

In this sense, style becomes substance in an MBA case competition.

So, while the substantive content level of the top teams in competition is often superb, style differentiates the finest from the rest and can determine the competition winner.

To enter that top rank of presenters, note these common pathologies that afflict most teams of presenters, both MBA students and young executives.

1) Throat-clearing

I don’t mean actual clearing of the throat here.  Unfortunately, many teams engage in endless introductions, expressions of gratitude to the audience, even chattiness with regard to the task at hand.  Get to the point. Immediately.  State your business.

Deliver a problem statement . . . and then your recommendation, up-front.  With this powerful introductory method, your presentation takes on more clarity in the context of your already-stated conclusion.

2) Lack of confidence

Lack of confidence is revealed in several ways, some of them subconscious. Uptalk, a fad among young people, undermines even the best substance because of its constant plaintive beg for validation.

Dancing from foot to foot, little dances around the platform, the interjection of “you know” and “you know what I mean” wear away the power of your message like a whetstone.

3) Unreadable PowerPoint slides

The visuals are unreadable because of small fonts and insufficient contrast between numbers/letters and the background.  Ugly spreadsheets dominate the screen to no purpose.

This sends the audience scrambling to shuffle through “handouts” instead of focusing attention on the points you want to emphasize.  You have created a distraction.

You have created a competitor for your attention that takes focus off your presentation.

4) Ineffective interaction with visuals

Rare is the student who interacts boldly with his or her slides, touching the screen, guiding our eyes to what is important and ensuring that we understand.

Instead, we often see the dreaded laser pointer.  This is one of the most useless tools devised for presentation work (unless the screen is so massive that you cannot reach an essential visual that must be pointed out).

The laser pointer divides your audience attention three ways – to the presenter, to the slide material, and to the light itself, which tends to bounce uncontrollably about the screen.

I forbid the use of laser pointers in my classes as a useless affectation.

No time for Modesty or Mediocrity

The MBA Case Competition is your chance to demonstrate a wide range of corporate business skills in a collaborative effort.  You receive recognition, valuable experience, sometimes monetary reward, and perhaps an open door to corporate employment.

Work on correcting the most common errors, and you have started the journey to competition excellence.

See The Complete Guide to Business Presenting for an entire chapter on winning case competitions.  You can also sign up for the LinkedIn MBA Case Competition group.  This is where folks from around the world congregate to share the latest information about competiting in the top contests.

The Business Case Competition – Winning

Business Case Competition for Personal Competitive Advantage

I helped to judge a series of business presentations in a business case competition earlier this week, and I offer here several observations.

The case in question involved financial analysis and required a recommended course of action.

In terms of presentation substance, I find these types of finance-based competitions of high caliber, with fine-grained and sophisticated analysis.

And I expect it . . . these are top-notch MBA students with work experience and especially powerful motivation to not only invest in a rigorous MBA program but to put their skills to the test publicly in the fire of business case competition.

The Finance Business Case Competition

My colleagues, who specialize in the wizardry of finance, ensure that no idle comment goes unchallenged, no misplaced decimal escapes detection.  That no unusual explanation goes unexplored.

At the higher-level finals competition, this fine-toothed comb catches few errors . . . because few errors exist to be caught.  These are top-notch students, imbued with a passion for the artistry of a company’s financial structure and operations.  Along this dimension, the teams are relatively well-matched.

But stylistically, much remains to improve.

And if you believe that  “style” is somehow unimportant, you err fatally with regard to the success of your presentation.

By style, I mean all of the orchestrated elements of your business presentation that combine to create the desired outcome – emotional involvement with your message, a compelling story, and acceptance of your conclusions – all explained in an especially powerful way that transmits competence and confidence.  And in this sense, style becomes substance in a business case competition.

So, while the substantive content level of the top teams in competition is often superb, style differentiates the finest from the rest and can determine the competition winner.

To enter that top rank of presenters, note these common pathologies that afflict most teams of presenters, both MBA students and young executives.

1)  Throat-clearing

I don’t mean actual clearing of the throat here.  Unfortunately, many teams engage in endless introductions, expressions of gratitude to the audience, even chattiness with regard to the task at hand.  Get to the point.  Immediately.  State your business.

Deliver a problem statement . . . and then your recommendation, up-front.  With this powerful introductory method, your presentation takes on more clarity in the context of your already-stated conclusion.

2)  Lack of confidence

Lack of confidence is revealed in several ways, some of them subconscious.  Uptalk, a fad among young people, undermines even the best substance because of its constant plaintive beg for validation.  Dancing from foot to foot, little dances around the platform, the interjection of “you know” and “you know what I mean” wear away the power of your message like a whetstone.

3)  Unreadable PowerPoint slides

The visuals are unreadable because of small fonts and insufficient contrast between numbers/letters and the background.  Ugly spreadsheets dominate the screen to no purpose.  This sends the audience scrambling to shuffle through “handouts” instead of focusing attention on the points you want to emphasize.  You have created a distraction.  You have created a competitor for your attention that takes focus off your presentation.

4)  Ineffective interaction with visuals

Rare is the student who interacts boldly with his or her slides.  Touching the screen, guiding our eyes to what is important and ensuring that we understand.  Instead, we often see the dreaded laser pointer, one of the most useless tools devised for presentation work (unless the screen is so massive that you cannot reach an essential visual that must be pointed out).

The laser pointer divides your audience attention three ways – to the presenter, to the slide material, and to the light itself, which tends to bounce uncontrollably about the screen.  I forbid the use of laser pointers in my classes as a useless affectation.

I have said that the business case competition no time for modesty or mediocrity.

The Business Case Competition is your chance to demonstrate a wide range of corporate business skills in a collaborative effort.  You receive recognition, valuable experience, sometimes monetary reward, and perhaps an open door to corporate employment.

Work on correcting the most common errors, and you have started the journey to competition excellence.

See The Complete Guide to Business Presenting for an entire chapter on winning case competitions.

Winning the Business Case Competition

The Business Case Competition builds skillsTomorrow, I judge a series of presentations in a business case competition.

This is where students bring to bear all of their business acumen in a public demonstration of their abilities to collaborate across a range of sub-disciplines in business.

This includes finance, marketing, operations, accounting, and strategy.

It is a tough but necessary rite of passage for the best of students.  I look forward to the presentations and will review them in this space later in the week.

As a precursor, let me explain the concept of a business case competition and its parameters.

The Business Case Competition

The business case competition is an event in which business teams deliver business presentations, competing against other teams in front of a team of judges.  Teams display how quickly, thoroughly, and skillfully they can ingest a case, analyze it, and then present their conclusions and recommendations to a panel of judges.

Business case competitions vary greatly in the details, and they are quite similar to business plan competitions.  They do have a standard format and purpose.

The idea behind such competitions Business Case Competition Question and Answeris to provide a standard case to competing teams with a given time limit and then to rate how well the teams respond with analysis, recommendations, and a presentation of same.

Each team is judged independently how well it handles the assigned case and presents its analysis and recommendations.

All teams compete under the same conditions of time limit and specific rules.

Competitions can be internal to the Business School or involve teams from several different schools.

At times, teams engage in several rounds of competition, with the final round typically judged by outside company executives.

No Time for Modesty or Mediocrity

The Case Competition is your chance to demonstrate a wide range of corporate business skills in a collaborative effort.  You receive recognition, valuable experience, sometimes monetary reward, and perhaps an open door to corporate employment.  The competition is a showcase for your skills.

You can also win anywhere from $1,000 to $75,000 in a single business case competition.

Click for more information on how to deliver Especially Powerful Business School Presentations and learn the key secret techniques of how to win the business case competition.

Surviving the Group Presentation . . . PART 1

especially powerful personal competitive advantage
A powerful group presentation can yield personal competitive advantage

You find all sorts of problems in group work.

Anyone who has participated in even one group project in college knows this.

Perhaps you believe these challenges are external to you?  Others cause problems, because surely you must not be contributing to the challenges facing your group?

Let’s examine, understand, and overcome these challenges before they get out-of-hand.

First . . . Unpredictability

The first major reason is the unpredictability of your situation.

One key characteristic of your group presentation is its rampant unpredictability.  The project appears submerged in ambiguity that we seem powerless to affect.

It’s bad enough to face the unknown variables of case analysis and its attendant presentation, but then several other variables are added to the mix in the form of . . .  those pesky other people.

We all prefer to control our own destinies.

Most all of us want to be judged on our own work.  We like to work alone.  This is very much the craftsman’s view.  Our labors are important to us.  We take pride in our work.

But with group work, the waters muddy.  It becomes difficult to identify who is doing what, and consequently, we worry about who will get the credit.

We worry if there will even be any credit to distribute if our presentation collapses under the burden of multiple minds and differing opinions and people who seem not to care.

Collaboration is a fact of life in business presentations . . . if you can master it, you add to your personal competitive advantage

We begin to worry that our contribution will be overlooked.

We worry that someone else will take credit for our work and we’ll be left with the crumbs.

We see ourselves becoming submerged, and as we sink into a kind of group ethos, our individual identity is threatened.  How will the boss, the professor, or anyone else, know what I do?

How will they know our contribution?

With every additional person, the unknown variables multiply.

Worse, what if we get saddled with a reputation for poor work because someone else screwed up?

The second major reason for group failure is the ordeal of time management and schedule coordination.

Six different students, each with differing class schedules and who often are working part-time, must somehow work together.  Moreover, you may be involved in several classes that require group projects.

And you invariably are faced with the pathology of one or two team members who “don’t have time for this.”

So the difficulties mentioned here multiply.

Why the Group Presentation?

The group presentation is not easy.

It can be downright painful.

Infuriating.

It can turn student-against-student faster than anything else in college outside of Greek rush.

So why do your professors require them?  Why do all of your B-school professors seem determined to put you through this misery?

You’ve probably heard the spurious reasons.  One pervasive student myth is that professors assign group work so they can cut their own grading work load.

The reasoning goes something like this: it is much easier for a professor to grade six presentations or papers than to grade 30 individual papers.

This myth is so pervasive that it has become conventional wisdom among students.

Especially powerful personal competitive advantage
Group Work? Learn to Embrace it

We see three big problems with this.

First, by definition, individual work is not group work.

If group work is an essential part of the workplace experience, then individual papers or other assignments do not contribute to the learning experience that is specifically designed to prepare you for the workplace.

Second, professors often are required to assign some form of group work in their courses.

The prevailing pedagogy in most business schools advocates the group work experience as essential to prepare students for the 21st Century workplace.  Frankly, this is the way it should be.

Third, this myth assumes that professors enjoy watching students stumble their way through awkward presentations, poorly prepared and half-heartedly delivered.

While you, as a student, prepare for only one or two presentations, the professor oftentimes must watch 25 presentations or more during a semester and then evaluate them.

I assure you that this can be an unpleasant experience.

Embrace Group Work

The proverbial bottom line that we all talk about in business school is this: You do “group work” because it is essential to the 21st Century business world.

In fact, corporate recruiters list it as the second-most-desired skill in the job candidates they consider.  So why not embrace the group presentation as a necessary component of your school experience?

The days of the business generalist are all but dead in corporate America.

Specialization rules the business workplace, and the manipulation of knowledge is ascendant.

This means, from a practical standpoint, that we cannot produce major products by ourselves.  There is little doubt that you will become one of these knowledge-workers upon graduation.

You also will begin to specialize in certain work, especially if you join a large firm. This is because business operations today are incredibly complex and fast-paced.

These two factors make it almost impossible for any one person to isolate himself or herself from the combined operations of the firm. Major tasks are divided and divided again.

Think of it as an extreme form of division of labor.

So we must work with others.  The globalized and complex business context demands it, and you can gain incredible personal competitive advantage if you embrace it.

In Part II, I show you how to not only survive the Group Presentation, but how to thrive and turn it into the cornerstone experience for your first job out of school . . . or your next job after getting your MBA.

How to Win a Case Competition

 How to win a case competitionIn earlier posts, we examined the lead-in steps for your case competition preparation.

Your team is now on the cusp of delivering a business presentation to win a case competition.

Recognize and accept that your presentation is a wholly different communication mode than your final memorandum or report.

Treat it this way, and your chances of winning your case competition increase dramatically.

How to win a Case Competition

If your analysis is robust and your conclusions are sound, as should be with all the entries, then a powerful and stunning presentation delivered by a team of confident and skilled presenters will win the day most every time.

The competency of most case competition teams is relatively even.  If a team lifts itself above the competition with a stunning presentation, it will win.

If you have reviewed the step-by-step preparation to this point and internalized its message, you understand that you and your teammates are not something exclusive of the presentation.  You are the presentation.

By now, you should be well on the way to transforming yourself from an average presenter into a powerful presentation meister.  You know the techniques and skills of the masters.  You have become an especially powerful and steadily improving speaker who constantly refines himself or herself along the seven dimensions we’ve discussed:  Stance, Voice, Gesture, Expression, Movement, Appearance, and Passion.

Employ the Seven Secrets to Win a Case Competition

When I coach a team how to win a case competition, the team members prepare all of their analysis, conclusions, and recommendations on their own.  Here are some tips how to do this.  Their combined skills, imagination, and acumen produce a product worthy of victory.  The team then creates their first draft presentation.

It is at this point that the competition is most often won or lost.

Powerful winning presentations do not spring forth unbidden or from the written material you prepare.  The numbers “do not speak for themselves.”

The “power of your analysis” does not win a case competition on its own.  You cannot point to your handout repeatedly as a substitute for a superb presentation.

Your case solution is not judged on its merit alone, as if the brilliance of your solution is manifest to everyone who reads it.  It is judged on how well you communicate the idea.  Powerfully and persuasively.

Each member of your team must enter the presentation process as a tangible, active, compelling part of the presentation.  And you must orchestrate your presentation so that you work seamlessly together with each other, with the visuals you present, and with the new knowledge you create.

For more deep secrets on how to win a case competition, consult The Complete Guide to Business School Presenting.

Case Competitions . . . Phase 2

Business Case Competition

Phase 2 of your case competition preparation begins when you’re issued the case.

Recognize that the nature of this case may differ from what you are accustomed to.  It could be more incomplete and open-ended than the structured cases you’ve dealt with before.

In fact, it could be a contemporary real-world case with no “solution.”  It could be a case crafted especially for the competition by the company sponsoring the competition.

Case Competition First Step

Your first step – your team members read the case once-through for general information and understanding, to inventory issues, and to define the magnitude of the task at hand.  You are drawing a philosophical and psychological box around the case to encompass its main elements.  Here, you make it manageable prevent time-burn in discussions of unnecessarily open-ended questions.

Discussion proceeds on defining the problem statement.

At this point, your expertise and skills gained in years of business schooling should guide you in developing your analysis and recommendations.

The difference in acumen and skill sets among teams in a competition is usually very small, so I assume that every business team will produce analytical results and recommendations that are capable of winning the competition.  This includes your team, of course.

Victory or Defeat?

The quality of teams is high, and the output of analysis similar.  This means that victory is rarely determined by the quality of the material itself.  Instead, victory and defeat ride on the clarity, logic, power, and persuasiveness of the public presentation of that material.  I have seen great analyses destroyed or masked by bad presentations.

The Presentation is the final battlefield where the competition is won or lost.

And so we devote minimum time on the preparation of your arguments.  Many fine books can help you sharpen analysis.  This post concerns how you translate your written results into a powerful presentation that is verbally and visually compelling.

We are concerned here with the key to your competition victory.

Here is your competitive edge:  While 95 percent of teams will view their presentations as a simple modified version of the written paper that they submit, your team attacks the competition armed with the tools and techniques of Power Presenting.  You understand that the presentation is a distinct and different communication tool than the written analysis.

Cut ’n’ Paste Combatants

Many teams cut-and-paste their written paper/summary into the presentation, unchanged.  This usually makes for a heinous presentation that projects spreadsheets and bullet points and blocks of text on a screen.  These monstrosities obscure more than they communicate.  It is a self-handicap and a horrendous mistake.

Sure, at times you will see winning presentations that do this – I see them myself on occasion.  This usually happens for one of several reasons, none of them having to do with the quality of the visual presentation . . .

1) Substance trumps:  The business analysis and recommendation is substantially better than all other entries and overcomes deficiencies in presentation.

2) Mimicry:  All entries utilize Business Case Competition hones your presentation skillsthe same defective method of cutting-and-pasting the final report onto PowerPoint slides, thus leveling the playing field to a lowest common denominator of visual and verbal poverty.

Don’t present all the fruits of your analysis.  Too much information and too many details can cripple your initial presentation.  Remember that you should hold back details for use and explication during the Q&A period.

A parsimonious presentation should deliver your main points.

Deciding what to leave out of your initial presentation can be as important as deciding what to include and emphasize.

For in-depth training on the Case Competition, consult The Complete Guide to Business School Presenting.

Next . . . Phase 3

Case Competition Guide for Presentation Victory

Your Case competition Guide, the source of competitive advantage
This case competition guide can prepare you to win your next business case competition long before you even know the case . . .

The key to doing well in case competitions is to differentiate yourselves beforehand by following you case competition guide, before you ever travel to the site of the competition.

Before they ever give you the sealed envelope with your business case enclosed.

This is much easier than you might imagine, and you begin by consulting your case competition guide.

The Three Ps of Business Presentations provide a roadmap to ready you for your competition.

Principles . . . Preparation . . . Practice

Principles.

You don’t start tuning your instrument for the first time when it’s time to perform a concert, and likewise, you don’t begin honing your presentation skills when it’s time to present.  By the time of your competition, all of your team members ought to be thoroughly grounded in the principles of especially powerful presentations.

The principles offered here in this case competition guide.

This part of your competition prep should already be accomplished, with only a few review sessions to ensure everyone is sharp on the Seven Secrets:  Stance . . . Voice . . . Gesture . . . Expression . . . Movement . . . Appearance . . . Passion.

Second, Preparation

Our case competition guide divides the preparation for the competition into three phases.

Phase 1:  Lead-in to the Competition

You are made aware of the competition’s rules.  You acknowledge and embrace the rules and what they imply.  Your entire team should become intimately familiar with the parameters of the competition – think metaphorically and spacially.

Recognize that the problem has length and breadth and depth.  Understand the finite limits of the context presented to you, what you can and cannot do.  Think of it as an empty decanter that you fill with your analysis and conclusions on the day of the competition.

Later, upon receiving the actual Case, you will conduct the same process – recognize that the Case Problem has length and breadth and depth.

But now, prior to the competition, take stock of what you already know you must do . . . and then do most of it beforehand as the rules permit.

This includes embracing the problem situation long before you arrive on-site for a competition and before you receive the case in question.  Learn the parameters of the context in which you will operate.  The case competition guide breaks the competition environment into discrete elements:

Competition rules

Length of presentation

Total time available (set-up, presenting, Q&A, Close-out)

Number of presenters allowed or required

Visuals permitted or required

Sources you may use, both beforehand and during the problem-solving phase

Prohibitions

You know that you will be required to provide analysis of a case and your results and recommendations.  Why not prepare all that you can before you arrive at the competition?

Some competitions may frown on this or forbid it . . . fine, then do it when you can, at the first point that it is permissible.  This way, you can spend the majority of your case analysis time filling in the content.

Follow the Case Competition Guide

Prepare your slide template beforehand according to the principles expounded here.

Business presentations have a small universe of scenarios and limited number of elements that comprise those scenarios.  A well-prepared team that is composed of team members from different functional areas will have generic familiarity with virtually any case assigned in a competition.  The team should have no problems dealing with any case it is presented.

Determine beforehand who will handle – generally – the presentation tasks on your team as well as the analytical portions of your case.  The following is offered as an example of how the task might be approached:

Your Case competition Guide
Your Case competition Guide suggests that you distribute your tasks long before the competition . . . your business presentation will be the better for it

As part of this initial process, prepare your slide template with suitable logos, background, killer graphics, and charts and graphs requiring only that the numbers be filled in.

Leading into the competition, it’s essential that your team be familiar with sources of data that you may be permitted to utilize in conducting your case analysis – market research, industry surveys, and such like.  Familiarity with online databases like Business Source Premier, Mergent Online, and S&P NetAdvantage is necessary since not all schools may have access to the data sources you use most often.

No Place for the Unprepared

With respect to the delivery or your presentation itself, a case competition is neither time nor place for you to polish your delivery skills.  You should have honed them to razor’s edge by now.  As well, your orchestration as a team should be perfected before arriving at the site of the competition.

At the competition, you lift your performance to the next level in terms of application of all the principles, precepts, and hard skills you have applied in business school – finance, accounting, marketing, operations, strategy, analysis – and you apply them in a tightly orchestrated and professional presentation that pops.

If you have engaged the case competition guide successfully during the lead-up to the competition, then your taut case-cracking team will be ready when you are finally issued the case.  A team ready to address the issues involved in the case problem.

Coming up . . . Phase 2

 Access all of the secrets of masterful business presenting by consulting your business case competition guide:  The Complete Guide to Business School Presenting.

Business Case Competitions

Business Case Competition
Business Case Competitions test your business mettle in ways you can’t imagine

The business case competition puts you in front of Corporate America in naked competition against the best students from other schools.

No hiding behind a resume.

No fast-talking a good game.

No “national rankings.”

Just pure performance that puts you in the arena under lots of pressure.

Business Case Competition as Crucible

In case competitions,  your business team delivers a business presentation in competition against other teams in front of a panel of judges.

Teams display how quickly, thoroughly, and skillfully they can ingest a case, analyze it, and then prepare their conclusions.

They then present their recommendations to a panel of judges.

Business case competitions vary greatly in the details, but they do have a standard format and purpose.  The operative idea behind such competitions is to provide a standard case to competing teams with a given time limit and then to rate how well the teams respond.

There is, of course, no direct competition between teams.  Rather, each team is judged independently how well it handles the assigned case and presents its analysis and recommendations.  There is a time limit and specific rules.

All teams operate under the same conditions.

Business Case Competitions Far and Wide

Competitions can be internal to the Business School or involve teams from several different schools.

Sometimes there are several rounds of competition, with the final round typically judged by outside company executives.  The teams prepare a solution to the case and deliver a written report.

Teams then prepare a presentation of their analysis and recommendations and deliver the timed presentation before a panel of judges.

The judging panel sometime consists of executives from the actual company in the case.

The University of Washington’s Foster School of Business is good about this in its renowned Global Business Case Competition.  Twelve to fourteen schools from around the globe compete in this week-long event.  Its 2010 competition featured a case written especially for the competition on the Boeing Corporation.

Business case competitions, a source of competitive advantage
Business case competitions can enhance your personal competitive advantage

Executives from Boeing acted as judges.

One excellent aspect of case competitions that are judged by outsiders is that they provide a truer indication of the competitors’ mettle.

For the most part, they are far removed from the internal politics of particular institutions, where favored students may receive benefits or rewards related more to currying favor than to the quality of their work.

In some competitions, additional twists make the competition interesting and more complicated.

For instance, Ohio State University CIBER hosts an annual Case Challenge and creates teams from the pool of participants (i.e., members will be from different schools) instead of allowing the group of students from each school to compete as a team.

In this case, once students are assigned to teams, there is a day of team-building exercises.

The key to doing well in case competitions is to differentiate yourselves beforehand.  This is much easier than you might imagine.  Start with the Three Ps of Business Presentations.  They provide a steady guide to ready you for your competition.

Principles . . . Preparation . . . Practice.

In subsequent posts, we deconstruct the business case competition to help you and your team prepare to your potential and deliver an especially powerful presentation.

You can also learn the entire process of preparing to win business case competitions from The Complete Guide to Business School Presenting.

Especially Powerful Group Presentations

Group Presentation for especially powerful personal competitive advantage
Do not Scorn the Group Presentation

Four of the most dreaded words in Business School are:  “Break yourselves into groups.”

The group presentation in business school is so ubiquitous now that almost every upper level course has some form of “group work” requirement.

There’s good reason for it – industry expects new hires to have experience working in groups.

More than that, corporate America craves young people who can work well with others.  Who can collaborate.

The upshot is that you must give the “group presentation.”

Lots of them.

Don’t Scorn the Group Presentation

You find all sorts of problems in group work.  Perhaps you believe these challenges are external to you?  Others cause problems.  Surely you must not be contributing to the challenges facing your group?

The uncomfortable fact is that we might be the cause of friction and not even know it.  Working in a group requires patience.  It requires the ability to see the benefits of collaboration, to listen, to understand that there are many ways to attack and resolve challenges.

Sure, you want to work by yourself.  Who wouldn’t?

But today’s complex economy disallows much of the solitary work that used to occupy executives just a generation ago.  Complex problems require collaboration.

So we face challenges.

Let’s try to understand and overcome these challenges before they get out-of-hand.

While the group presentation might not be your idea of the ideal weekend getaway, mastering its difficulties can transform you into a superb young executive, sought-after by recruiters.  Pledge yourself to understand group dynamics.

Learn the pinch points.  Listen to others.  Cultivate patience.

Do these, and you can achieve lasting personal competitive advantage.

For more on how to deliver a powerful group presentation, consult The Complete Guide to Business School Presenting.