Hello,
If given a profitability case, e.g. "the client is an elevator producer whose profits have declined. The client wants to understand what happened and how to grow profit again", how do you recommend to build a structure? In such cases, is it always a good idea to include the analysis of the market first (i.e. check first if the issue is external) and only then the analysis of the company and the evolution of its profits?
Thank you!
(editiert)
Hey Francesco, would you recommend writing the third and fourth step in the initial framework? I ask this because initially one doesn't know where the problem really lies so can't come with tailored risks and solutions?
Hi Anonymous, indeed I would recommend just to mention the name of the areas, but not to go in details for them – exactly because you don’t know what could be the possible solutions and risk at the beginning. Hope this helps!
in the step 2.6 , you listed some stakeholder's issue, i wonder when you talk with the interviewer, will you ask one by one or go through your framework first like" i guess it might caused by 4 potential problems, from customer, suppliers..."
Hi Grace, in general you should first present the buckets of a level, then state a hypothesis on one of the areas and start to explore that, thus your second approach would work better. Hope this helps!