expert
Expert with best answer

Jorit

100% Recommendation Rate

84 Meetings

75 Q&A Upvotes

USD 149 / Coaching

1

A beginner's confusion: What is the difference between an issue-tree and a framework? Can they be used interchangeably?

Is there a sequence to using them?

Is there a sequence to using them?

1 answer

  • Upvotes
  • Date ascending
  • Date descending
Best Answer
Book a coaching with Jorit

100% Recommendation Rate

84 Meetings

75 Q&A Upvotes

USD 149 / Coaching

In consulting these terms are often use interchangebly. In case prep a framework is a general structure (e.g. profit framework consists of revenue and costs, costs is split in fixed and variable..). Where a issue true is often a customized framework for a specific problem/case.

In the beginning of your case prep some people start with general frameworks, however I always recommend to use your business logic to come up with a specific issue tree for each case.

Jorrit

In consulting these terms are often use interchangebly. In case prep a framework is a general structure (e.g. profit framework consists of revenue and costs, costs is split in fixed and variable..). Where a issue true is often a customized framework for a specific problem/case.

In the beginning of your case prep some people start with general frameworks, however I always recommend to use your business logic to come up with a specific issue tree for each case.

Jorrit

Related BootCamp article(s)

Focusing on The Core: Mock Interviews

It is to practice as many cases as possible - both as interviewee and as interviewee. Here are a couple of guidelines to help you get started

Case Studies

The case study is the most important element of the case interview, which you'll have to nail in order to get into strategic consulting. Here you can learn the specific skills and concepts necessary to solve them.

Related case(s)

MBB Final Round Case - Smart Education

Solved 1.4k times
MBB Final Round Case - Smart Education Your client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US. The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadvantaged areas. The client is considering starting operations for its services in the Chicago area. They hired us to understand if that makes sense. Due to the nonprofit regulation, SmartBridge should operate on its own in the market, without any partnership. How would you help our client?
4.7 5 50
| Rating: (4.7 / 5.0)

Your client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US. The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadvan ... Open whole case

Chinese Chess - Airline Business During COVID-19

Solved 500+ times
Chinese Chess - Airline Business During COVID-19 Sky China, a government-backed Chinese airline, has recently seen profits plummet due to COVID-19. Profits are down 80% in the months of February and March, but are showing early signs of a rebound in April.  They've brought you in to first investigate what can be done immediatedly to prevent hemorrhaging cash and surive in the short-term. They are also looking to see how the current situation can be viewed as an opportunity, and what can be done to prepare for the future. 
4.3 5 14
| Rating: (4.3 / 5.0)

Sky China, a government-backed Chinese airline, has recently seen profits plummet due to COVID-19. Profits are down 80% in the months of February and March, but are showing early signs of a rebound in April. They've brought you in to first investigate what can be done immediatedly to prevent hemor ... Open whole case

YodaPhone

Solved 300+ times
YodaPhone Our client is Yoda's Phones, a national telecommunications company. They have embarked on a three-year, multi-million dollar digitization program. Unfortunately, two years into the program, they realize they are significantly behind schedule and over budget. You have been brought in to right the ship and ensure the digitization program is delivered as planned.
4.4 5 25
| Rating: (4.4 / 5.0)

Our client is Yoda's Phones, a national telecommunications company. They have embarked on a three-year, multi-million dollar digitization program. Unfortunately, two years into the program, they realize they are significantly behind schedule and over budget. You have been brought in to right the sh ... Open whole case

Hot Wheels

Solved 300+ times
Hot Wheels Problem definition: Our client is Korean Car Parts (KCP), a multi-national original equipment manufacturer (OEM) of car parts based in Korea. They've recently seen a decline in profits and have brought us in to understand how to address this falling profitability.
4.4 5 14
| Rating: (4.4 / 5.0)

Problem definition: Our client is Korean Car Parts (KCP), a multi-national original equipment manufacturer (OEM) of car parts based in Korea. They've recently seen a decline in profits and have brought us in to understand how to address this falling profitability. Open whole case

McKinsey Digital / BCG Platinion: Oil & Gas Upstream Technology

Solved 300+ times
McKinsey Digital / BCG Platinion: Oil & Gas Upstream Technology [PLEASE NOTE: This is a technically difficult case and should only be completed by those coming in as a Technology specialist, i.e. recruiting for McKinsey Digital, BCG Platinion, etc.] Our client is a multinational oil and gas company. While they are vertically integrated and have upstream, midstream, and downstream divisions, they have recently been experiencing competitivity issues in the upstream gas division, which brings in $1B in profits annually. Our client’s upstream division has offices in Australia and Indonesia. Their work is highly dependent on their IT systems, as they have to constantly monitor wells and pipes (pressure, hydrocarbon count, fluid makeup, etc.) The upstream division has two large legacy IT systems that are primarily used for downstream operations but have been modified for upstream purposes. These systems are managed by a central team in the US which is responsible for all IT issues across the business. They triage issues/enhancements and then manage development teams in India and Finland who complete the work.
4.3 5 11
| Rating: (4.3 / 5.0)

[PLEASE NOTE: This is a technically difficult case and should only be completed by those coming in as a Technology specialist, i.e. recruiting for McKinsey Digital, BCG Platinion, etc.] Our client is a multinational oil and gas company. While they are vertically integrated and have upstream, midstr ... Open whole case