In most cases the simplest and most effectual way to attain this object is strictly to curtail every item of our expenditure. Such persons mistake the means for the end, and require to be reminded that it is possible to be penny wise and pound foolish, that the saving of a small sum of money in the present may eventually involve them in very heavy expenditure, or deprive them of some large addition to their income, which, but for their false economy, they might have obtained. A college student, by refusing to go to the expense of providing himself with the best books for his course of study, may spoil his chance of getting a good degree, and consequently lose a remunerative appointment.
Brushing up HBR fundamentals will provide a strong base for investigative reading. Often readers scan through the business case study without having a clear map in mind. This leads to unstructured learning process resulting in missed details and at worse wrong conclusions.
Reading up the HBR fundamentals helps in sketching out business case study analysis and solution roadmap even before you start reading the case study. It also provides starting ideas as fundamentals often provide insight into some of the aspects that may not be covered in the business case study itself.
Begin slowly - underline the details and sketch out the business case study description map. In some cases you will able to find the central problem in the beginning itself while in others it may be in the end in form of questions.
Business case study paragraph by paragraph mapping will help you in organizing the information correctly and provide a clear guide to go back to the case study if you need further information. My case study strategy involves - Marking out the protagonist and key players in the case study from the very start.
Drawing a motivation chart of the key players and their priorities from the case study description. Refine the central problem the protagonist is facing in the case and how it relates to the HBR fundamentals on the topic.
Evaluate each detail in the case study in light of the HBR case study analysis core ideas. Step 3 - Penny Wise, Pound Foolish: Hong Kong's Penny Stock Incident Case Study Analysis Once you are comfortable with the details and objective of the business case study proceed forward to put some details into the analysis template.
You can do business case study analysis by following Fern Fort University step by step instructions - Company history is provided in the first half of the case. You can use this history to draw a growth path and illustrate vision, mission and strategic objectives of the organization.
Often history is provided in the case not only to provide a background to the problem but also provide the scope of the solution that you can write for the case study. HBR case studies provide anecdotal instances from managers and employees in the organization to give a feel of real situation on the ground.
Make a time line of the events and issues in the case study. Time line can provide the clue for the next step in organization's journey. Time line also provides an insight into the progressive challenges the company is facing in the case study.
Hong Kong's Penny Stock Incident Once you finished the case analysis, time line of the events and other critical details.About us “Penny wise” is often found with its sad counterpart, “pound foolish,” to denote extreme care with menial matters but carelessness with larger ones.
A derisive portmanteau of "frugal" and "stupid" used especially within dysfunctional corporate environments where management espouses "frugality" as a .
Oct 31, · When an organization is penny wise and pound foolish you often find the ‘A’ team from the service provider turns into the ‘C’ team as the service provider scrambles to make a profit.
Words Essay on Penny Wise Pound Foolish.
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|Report Abuse||Shawn Crowley Who Pays for Bugs? But punishing the team for bugs is penny wise and pound foolish.|
Such persons mistake the means for the end, and require to be reminded that it is possible to be penny wise and pound foolish, that the saving of a small sum of money in the present may eventually involve them in very heavy expenditure, or deprive them of some large addition to their income.
Oct 13, · 10 Examples of How You Can Be Penny Wise, Pound Foolish; 10 Examples of How You Can Be Penny Wise, Pound Foolish.
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