Clarifying questions for cases

Anonym A fragte am 22. Jun 2019 - 4 Antworten

Hello,

I was wondering what advice you all have about asking general questions before you provide a framework. How much and how little should you ask before a framework? What are some general guideliens/ tips you have?

Thanks!

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Daniel antwortete am 22. Jun 2019
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Ian
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I always write BOTMG at the bottom of my framework page.

This helps "trigger" you to consider questions around B = Business Model, O = Objective, T = Timing, M = Market, G = Geography.

However, you should never just say "so, what is their business model?" Obviously, ask questions that help you frame your hypothesis, understand the situation, and ultimately drive your case better.

Francesco antwortete am 23. Jun 2019
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Hi Anonymous,

I agree with Vlad, additionally to that you can also clarify everything which is not clear in terms of the initial prompt provided by the interviewer (eg specific terminology you are not familiar with).

Best,

Francesco

Vlad antwortete am 22. Jun 2019
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Hi,

I suggest asking the following questions:

1) Clarify the business model / how the business actually makes money. Even if you think you understand it, try to repeat it to make sure that you understand it correctly. e.g. if the case is about oil&gas company which revenues are declining, ask if it is Up / mid / down-stream problem. In this case, defining a revenue stream is critical to setting up the right structure.

2) Clarify the objective. Here make sure that your goal is:

  • Measurable
  • Has a time-framed
  • Has / has no limitations

e.g. Should I invest 100k in this business for 1 year if I want to get 15% return?

3) Ask the questions that will help you build a relevant structure and remove ambiguity.

Best!