The research apps and services of this website solve for you several critical empirical challenges in writing case studies. They allow you to accurately map the competitive actions of firms and thereby capture their strategic change patterns over longer periods of time (Chakravarthy & White, 2001). Further, our apps quantify stock market responses to firms' strategic competitive actions, what allows you to add the capital market perspective to your case study. Please review this case study of the University of St.Gallen Institute of Management. It illustrates how this website's research apps can support your work. The case study grounds on an analysis of the included firms' press release streams.
Press releases are only one potential source for case study research. They have the advantage that you will not depend on the collaboration of the firms you study. EventStudyTools' research apps combine several methods (e.g. text analysis) and techniques (e.g., regular expressions) with newly arising technological opportunities (e.g., web data scraping) in an innovative form of longitudinal organizational change research (Van de Ven, Polley, Garud, & Venkataraman, 1999; Van de Ven & Poole, 1995).
This empirical strategy allows for (large) samples of individual firm “cases” covering resource allocation decisions, competitive actions, and governmental changes (Eisenhardt, 1995; see the website's section on competitive dynamics research for more details on firms' action sequences). Additionally, the website's abnormal return calculators allow you to include stock market responses to firms' competitive actions in your research. Figure 1 and the subsequent paragraphs illustrate the empirical challenges of writing case studies that ground on news analytics.
Figure 1: Empirical Challenges of Writing Case Studies that Use News Analytics
(1) Data Collection: Case studies typically tell a story about the organizational behavior of firms. There are different ways to document firm behavior: You may manually capture the firm's competitive actions through traditional manners, such as expert interviews. Alternatively, you can scrape the organization's press releases and identify the respective competitive actions using computer-aided text analysis. This latter automated approach rapidly gains popularity as it allows for larger samples. If you want to retrieve news from other sources than the firms' websites, you may make use of news aggregators that consolidate sources. The following video gives you an impression of the advanced filtering options that you can expect from such aggregators.
(2) Allocation of Events in Time: Writing case studies that use news analytics requires you to allocate individual news items in time. While this can easily be done by hand for a small sample, larger news samples suggest the use of an automated approach. This website's regular expression-based (event) date identifier (EDI) is capable of process large volumes of press releases and hands you back all dates mentioned within the release texts.
(3) Coding of Events: For an automated solution, you should use the website's keyword-based computer-aided text analyzer (CATA).
(4) Statistical Analysis: Your choice of analysis tool should be informed by your research question. If you seek to complement your case study by assuming the capital market perspective on the firm strategic decisions you analyze, you may draw on this website's abormal return calculators. For an introduction to the methodology, which may inform your decision to use or not use the methodology, you may view the following third-party video from youtube.
Chakravarthy, B., & White, R. 2001. Strategy process: Forming, implementing and changing strategies. Handbook of strategy and management: 182-205. London: Sage Publications.
Eisenhardt, K. 1995. Building theories from case study research. In G. Huber and A. Van de Ven (Eds.), Longitudinal field research methods. Studying processes of organizational change: 65-90. Thousand Oaks: Sage Publications.
Van de Ven, A., Polley, D., Garud, R., & Venkataraman, S. 1999. The innovation journey. New York: Oxford University Press.
Van de Ven, A., & Poole, M. 1995. Methods for studying innovation development in the Minnesota Innovation Research Program. In G. Huber and A. Van de Ven (Eds.), Longitudinal field research methods. Studying processes of organizational change: 155-185. Thousand Oaks: Sage.