Hey everyone,
i am still at the beginning of learning how to structure a case and solve it. I tried this case and came to a totally different approach.
My approach would be:
1. Understand the reason for Revenue decrease better
Herefore i divided the Problem into 4 parts i wanted to know more about:
- Revenue (Pricing model, units/services sold)
- Costs (Fix and var. costs, change in cost over the past years)
- Costumers (Satisfied with product? Switch in demand/interests? Less potential costumers because of less pets for example)
- Competitors (New competitors or old with increasing market share? New business models from competitors)
2. Give recommendations
Unfortunately the solution only gives me one way of solving this case. Therefore i have two questions:
- Can someone experienced may tell me if this approach would be worth a try or should i directly go with a solution based approach and why?
- What would happen in a real case interview? How would the interviewer may react? Would it be a directly failure or do they normally have numbers for the most common approaches?
Hope someone can help me.
Best Regards
Arne