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Case framework: risk & next step

Framework
Neue Antwort am 30. Juni 2020
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Anonym A fragte am 17. Feb. 2020

Some questions about case buckets to seek your advice:

1. Risk & next step: is it recommended to list this in a structure, without having a second layer? (It is hard to list down second layer without having a deeper understanding of this case in the beginning)

2. Would you spend time analyzing risk & next step in the case? Or, simply mention it in the recommendation part?

3. In profitability case, after root cause analysis, is it logical to list an "action" bucket? For instance, I have analyzed that the root cause is increased competition and price war. In the next step I will discuss ways to react. But can I discuss the reaction part under root cause bucket, or I have to list down an individual bucket called "Action"?

Thanks a lot!

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Luca
Experte
Content Creator
antwortete am 28. Feb. 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached

hello,

Here my answers:

1) No

2) It depends on how much time you took solving the case, if you feel that you still have time it could be good to analyze also that section

3) It doesn't matter where you list it, but it's a good habit to include them in the next step. Just try to give some potential solutions (e.g. how to react) and not just to mention that you will take care of the problem

Best,
Luca

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Clara
Experte
Content Creator
antwortete am 17. Feb. 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

Here are my toughts:

  1. Why wouldn´t you have a 2nd layer? I don´t agree with it being hard to list down second layer at the beggining, actually, risks laying out is something quite simple even without knowing the whole case yet.
  2. As said in 1, I would lay it out in the structure with some ideas and comment briefly.
  3. Both can work, depends on the problem.

Hope it helps!

Cheers,

Clara

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Vlad
Experte
bearbeitete eine Antwort am 17. Feb. 2020
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

1) Better as a 2nd layer. Your structure should ideally replicate the work streams on the real project. There is no work stream as risks (until you do a complex valuation)

2) Usually, it's at the end of your structure and you never have time to get there yourself. However, it can be an additional question on creativity. You should not necessarily mention it in your recs part, if you have other things to mention (e.g. if you did not have time to cover some important things, I would rather mention these things than risks)

3) Don't overcomplicate. Just propose the interviewer to brainstorm the actions once you find a root cause

Best

(editiert)

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Antonello
Experte
Content Creator
antwortete am 29. Feb. 2020
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching

1. no
2. whenever you make a decision

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Anonym antwortete am 30. Juni 2020

Hi there,
1) It is always good to have the 2nd layer so interviewer know you actually have some ideas here. Otherwise anyone can say "the last I would look into risk & next steps". Give some examples of the potential risks. There are a few common ones you can apply based on the industry and the type of case you are solving.
2) If you have time you can go deeper, otherwise just mention in the recommendations
3) There is no fix way of doing this. If having an "action" bucket makes you feel more effective (e.g. don't miss any key points), you can do that. This is not a requirement

Best,

Emily

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Luca

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