ICAG L3 Strategic Case Study study materials
ICAG L3 Strategic Case Study study resources

ICAG L3 Strategic Case Study study plan

ICAG L3 Strategic Case Study · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Strategic analysis and evaluation of the business environment & Performance measurement, risk and governance in strategic decision-making

  • Build a one-page PESTEL-plus-Porter's-Five-Forces template you can populate from a 2-page case in under 25 minutes

  • Practise extracting the three to five strategic issues that actually drive the case outcome, and discard the rest

  • Map each issue to the specific analytical model that best explains it (life-cycle, BCG, value chain, stakeholder, SWOT as a summary only)

  • Draft a governance-and-risk lens checklist covering board composition, internal control, and risk appetite, so you can apply it to any scenario

Your checkpoint

A completed 2-page strategic-issue analysis of one full past-style case, with a ranked list of five issues and the model chosen for each

Week 2

Strategic analysis and evaluation of the business environment & Performance measurement, risk and governance in strategic decision-making

  • Apply competitor and industry analysis to a case with a dominant incumbent and a disruptive entrant, quantifying the threat where numbers allow

  • Evaluate how macro and regulatory shifts change a company's competitive position over a three-to-five-year horizon

  • Assess how risk appetite, board oversight, and internal control failures contributed to a strategic misstep in a case

  • Practise writing a short, decision-focused conclusion rather than a descriptive summary

Your checkpoint

A 600-word strategic-environment and governance assessment of a case, ending in a clear recommendation and its top two risks

Week 3

Strategy formulation, choice and implementation & Professional skills, ethics and communication in the strategic case

  • Generate and compare at least three genuinely distinct strategic options, including a do-nothing option, using explicit criteria

  • Apply Ansoff, Porter's generic strategies, and the parenting/value-adding logic to test whether an option fits the organisation's capabilities

  • Plan implementation: structure, resourcing, sequencing, and the two or three critical success factors

  • Draft the same recommendation twice, once for a board and once for an operating manager, and compare the framing

Your checkpoint

An option-evaluation matrix with three options scored against weighted criteria, plus a one-page implementation plan for the chosen option

Week 4

Financial strategy, valuation, financing and investment appraisal & Strategy formulation, choice and implementation

  • Appraise an investment using NPV, IRR, payback, and discounted payback, and explain where the methods disagree and why

  • Build a sensitivity and scenario table on the two or three variables that move NPV most

  • Weigh financing choices (debt, equity, retained earnings, leases) against cost of capital, covenant headroom, and dilution

  • Link the financing recommendation back to the chosen strategy and the company's risk profile

Your checkpoint

A valuation and investment-appraisal spreadsheet with NPV, IRR, payback, a sensitivity table, and a 300-word financing recommendation

Week 5

Financial strategy, valuation, financing and investment appraisal & Performance measurement, risk and governance in strategic decision-making

  • Compute cost of equity and WACC from given data and defend each input assumption in one sentence

  • Evaluate whether a proposed acquisition creates value by comparing purchase price, synergies, and integration cost

  • Assess business-valuation methods (DCF, multiples, asset-based) and state which is defensible for the case and why

  • Identify the governance and risk-control weaknesses that would make a financing or acquisition plan fail approval

Your checkpoint

A one-page valuation memo for a case company with WACC workings, a value range, and the two assumptions that most affect the answer

Week 6

Professional skills, ethics and communication in the strategic case & Performance measurement, risk and governance in strategic decision-making

  • Apply an ethical decision framework to a conflict-of-interest, whistleblowing, or earnings-management scenario

  • Identify the professional, legal, and reputational consequences of each course of action in an ethics case

  • Practise stakeholder communication: what each audience needs, in what order, and in what format

  • Draft a recommendation that states the action, the ethical justification, and the safeguards in under 400 words

Your checkpoint

A written ethics-and-stakeholder response to one case, with a ranked set of actions and the safeguards attached to each

Week 7

Strategic analysis and evaluation of the business environment & Strategy formulation, choice and implementation & Performance measurement, risk and governance in strategic decision-making & Financial strategy, valuation, financing and investment appraisal & Professional skills, ethics and communication in the strategic case

  • Complete two full past-style cases under timed conditions, allocating roughly equal time across the five domains

  • Self-mark against the assessment criteria: technical accuracy, application to the case, and quality of judgement

  • Diagnose recurring weaknesses and rewrite the two weakest answers to a higher standard

  • Tighten time management so no single requirement consumes disproportionate time

Your checkpoint

Two timed case attempts with a self-marked scorecard and rewritten model answers for the two weakest sections

Week 8

Strategic analysis and evaluation of the business environment & Strategy formulation, choice and implementation & Performance measurement, risk and governance in strategic decision-making & Financial strategy, valuation, financing and investment appraisal & Professional skills, ethics and communication in the strategic case

  • Complete one final full case under exam conditions with no notes

  • Consolidate a one-page formula and framework sheet covering WACC, NPV, ratios, and your model-selection logic

  • Rehearse the opening and closing paragraphs of a recommendation until they are fast and precise

  • Review the three most frequent errors from weeks 1-7 and confirm each is corrected

Your checkpoint

One full timed mock with a final scorecard and a one-page revision sheet you can review on exam day

Milestones

Week 2: You can read a new case and produce a ranked list of five strategic issues, each linked to a named analytical model, within 30 minutes without notes

Week 4: You can build an NPV, IRR, and payback appraisal with a sensitivity table from scratch and explain the financing choice in under 45 minutes

Week 6: You can produce a recommendation that is technically correct, ethically defensible, and audience-appropriate in under 400 words

Week 8: You complete a full timed case within the time limit, scoring at least 60% on your own scorecard with no domain below 50%