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Tima
on Apr 29, 2023
Global
Question about
Case Interview Basics Article
I want to receive updates regarding this question via email.

Comment on the GDP

Hello, I think the GDP table needs to be rectified as the GDP of the US and others are in trillion and not billions.

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Anonymous A
on Sep 23, 2024

Here are some comments you could include regarding the GDP table:

  1. Unit Consistency: Highlight that the GDP values for the US and other countries are expressed in trillions, while other figures may be in billions. This inconsistency can lead to misinterpretation of the data.

  2. Rectification Needed: Recommend rectifying the table to either convert all figures to billions or to clearly label the trillion figures to maintain uniformity.

  3. Impact on Analysis: Emphasize that discrepancies in units can significantly affect analysis and comparisons. Accurate representations are crucial for economic assessments and decision-making.

  4. Visual Clarity: Suggest using visual cues (like bolding or different colors) to differentiate between units if both trillions and billions are included for any reason.

  5. Source Verification: If possible, verify the source of the GDP data to ensure that it is up-to-date and accurately reflects the current economic conditions iq test free

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1 comment
Anonymous A
on Sep 23, 2024
By addressing these points, you can ensure that the GDP table is clear, accurate, and useful for analysis
Ian
Coach
on Apr 30, 2023
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

You're absolutely right Tima. Nice catch!

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Hagen
Coach
on Apr 30, 2023
#1 recommended coach | >95% success rate | 9+ years consulting, interviewing and coaching experience

Hi Tima,

You are absolutely right, thank you for pointing this out.

Best,

Hagen

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Cristian
Coach
on Jul 31, 2023
#1 Rated McKinsey Coach | Top MBB Coach | Verifiable success rates

Hi there!

Great - pointing these things out ensures that the content stays high quality.

Best,
Cristian

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Deleted user
on Apr 30, 2023

Yep, I think that's right!

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dejawitting
on Nov 22, 2023

What you say, Tima, is entirely correct. You made a great catch! 

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Business Sense
Business sense refers to the ability to quickly grasp economic dynamics and make decisions that are both strategically and commercially sound. In consulting, it’s not enough to repeat theories from your business degree. What matters is a deep understanding of how companies operate, what drives markets, and what different stakeholders are aiming to achieve.Consultants with strong business acumen can quickly adapt to new industries, understand client needs, and set priorities that make economic sense. They don’t just ask, “What is analytically correct?” – they also ask, “What truly benefits the company?” This mindset often makes the difference in a case interview. Why Your Business Sense Matters in ConsultingAs a consultant, you’re expected not only to analyze complex problems but also to think in a solution-oriented and entrepreneurial way. A strong business mindset helps you put analyses into context, assess actions realistically, and focus on generating maximum client value.In day-to-day consulting, you're working under pressure, collaborating with decision-makers, and constantly weighing trade-offs. Those who think commercially and can strategically prioritize have a clear edge.In a case interview, showing that you understand markets and business models is key – it sets you apart and proves your readiness for the job.👉 In our Case Library, you can prepare effectively with curated practice cases and put your business sense to the test.
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