Lecture Notes: Understanding the Case Method and Decision-Making Challenges
Introduction
- Speaker: Professor from Harvard Business School and Harvard Law School.
- Topic: Understanding the Case Method, using the MeToo movement as a hypothetical scenario.
- Objective: To provide a sense of the case method in a short time frame.
The Case Method
- Purpose: Replicate real-life situations characterized by incomplete information and uncertainty.
- Goal: Train decision-making skills under uncertainty through practice with numerous cases.
- Cold Calling: Often involves students actively participating, sometimes unexpectedly called upon.
- Hypothetical Scenario: Discussed without prior case reading - a departure from typical method.
Hypothetical Scenario: CEO Decision-Making
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Allegation Against COO:
- Sexual encounter allegation after an office party.
- Steps:
- Fact-finding: Talk to the accuser and the accused (COO).
- Inconclusive outcomes and further decision-making.
- Addressing external allegations and societal repercussions.
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Allegation Investigation:
- Investigate internally, even if the accuser chooses not to go to law enforcement.
- Consider implications for company culture and public relations.
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Handling Internal Culture:
- Address "bro culture" within the company.
- Consider implications on employee safety and productivity.
- Response to concerns about mentoring female employees post-MeToo.
- Addressing drinking culture at company events and its impacts.
-
Gender Pay Gap:
- Addressing leaked data about gender pay disparity.
- Analyze and communicate reasons behind pay differences.
Key Takeaways
- Connection Between Issues:
- Egregious behavior, bro culture, and wage differentials are interconnected by power dynamics.
- Skill Development:
- The case method fosters making informed decisions with limited information.
- Understanding organizational culture and its impact on broader societal issues is crucial.
Conclusion
- Case Method: No "right answers" but encourages navigating and communicating complex decisions.
- Humility: Emphasized as an important trait in decision-making.
- Open Discussion: Importance of addressing sensitive topics with care but not avoiding them.
Q&A Highlights
- Variety in Cases: Range from simple business decisions to complex global evaluations.
- Learning Approach: Engaging discussions over lectures for better retention and skill development.
These notes provide a comprehensive overview of the lecture, capturing essential points about the case method, decision-making challenges faced by CEOs, and considerations around company culture and societal issues. They serve as a useful study aid and reference for understanding the broader implications of these topics.