Hi!
I would appreciate if someone could help me with this question. (it's from a Bain sample case)
I've attached the chart (which has all the info needed) and the question.
The answer is 20% but I can not come up with that number! if anyone could give me a hint..
Thanks!!!
(edited)
0.6/(0.2+0.3+0.4+0.5+0.6+1)
Here's my guess and I'm not sure if this actually makes sense. RMS = MS_company / MS_nice_travel for each company. Then RMS * MS_nice_travel = MS_company for each company. We can take MS_travel_co divided by the sum of RMS * MS_nice_travel for each company. You can organize like this:
MS_travel_co = (0.6 * MS_nice_travel) ÷ ((0.2 + 0.3 + 0.4 + 0.6 + 1) * MS_nice_travel)
This answer calculates to 0.24
The step by step approach is by referring to the ratios given.
Travelco/Nice = 0.6
Nice/Travelco = 1.7
Super/Nice = 0.3
Flamingo/Nice = 0.4
Cool/Nice = 0.2
Then, from the x axis, we know Nice + Super + Travelco + Flamingo + Cool = 150.
Just by doing math manipulations, we can obtain Nice = 60; then Travelco is 0.6 X Nice, which is 36. Finally, Travelco market share = 36/150 = 24%.
Btw, may I know where I can get the this full case? I looks interesting. :)
Express every individual company market share as a function of NiceTravel’s market share (using RMS), then setup an equation to solve for Nice Travels market share (40%). From there onwards, use the expression for Travel Co market share relative to Nice Travel to solve for Travel Co market share.
M.tc=0.6M.nt
Thus M.tc=0.6x40% = 24%
To the answers received so far: what's the number 1 you are adding in the denominator?
Because we want to compare that with the nice travel, so let’s say Cool=0.2*nice travel, and Flamingo=0.3*nice travel, but nice travel is not 1.7*nice travel — Michael on Aug 14, 2018 (edited)
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.
Case Interviews can be led by the candidate or by the interviewer: In Candidate-led cases the main challenge is the structure. In Interviewer-led cases the main challenge is to adapt quickly
LubricantsCo, a very successful Asian premium producer of lubricants in their native region, would like to further increase their revenue and profit. The product range ranges from lubricants in the automotive sector (e.g. motor and gear oil) to industrial applications (e.g. fats, heavy-duty oils). ... Open whole case
You have inherited the “Old Winery” from your grandfather, a winery which has been family owned for five generations and can be dated back to the 16th century. Half of the eleven hectares are used to grow white grapes, the other half to grow red grapes. They are grown in the conventional way, i.e. ... Open whole case
Tell me about a difficult situation you had to cope with. Tell me of a task which you didn’t like doing and explain why you performed it nevertheless. Why do you do things? What do you like doing most / What is your favorite hobby? Walk me through a situation where you showed leadership skills. Open whole case
