Dear former and current Bain Consultants,
My Bain Interview is in three weeks. I read in their brochure thats it pretty important for Bain to „Focus on Value“ when solving a case. This is pretty vaguely defined and I would highly appreciate any suggestions/explanations.
Thanks a lot,
Best,
Cedric
THanks again! What about cases where you need some qualitative information before drawing out a driver tree (which firstly looks for increased value i.e. profitability in most cases)? Example: Mining company wants to invest in a new mine, which would increase commodities produced by XM tons. Are we break even in 5 years? -> Here, If I directly jump in the profitability driver tree could be a problem if we do not qualitatively check before what the demand is and the supply?
You DON'T need any qualitative information to draw out a driver tree! A driver tree is universally true, regardless of what information you get! That's the essence of a driver tree. In your examplre, the driver tree disaggregates additional profits into its components and subcomponents (and one of the subcomponents of quantity sold is the demand that we face - actually it is MIN[Capacity, Demand]).