A consulting firm wants to understand which new markets and industries they should target by 2021
can someone help me structuring it. It look bit broad
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Hi Abhilash, in addition to the solutions proposed by the other coaches in the discussion, I would like to suggest similar cases in the platform to practice with:
- https://www.preplounge.com/en/consulting-forum/how-much-would-you-charge-to-clean-all-the-windows-in-seattle-4965
- https://www.preplounge.com/en/consulting-forum/market-sizing-milk-consumption-5087
- https://www.preplounge.com/en/consulting-forum/how-would-you-calculate-the-value-of-a-cow-4982
- https://www.preplounge.com/en/consulting-forum/estimate-number-of-traffic-lights-in-a-london-5692
Hope it helps,
Antonello
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Hi,
If you are thrown this kind of one liner question, I think first you need to ask a bunch of clarifying questions to understand more of the context and the objectives. Don't just jump in to structure without knowing more of the problem to be solved.
- Which firm, which region/country
- What are the markets and industries applicable in the region/country, what does the firm already have
- What is the objective of firm by 2021, key priorities e.g. market share vs profitability
Afterwards you can start structuring.
Best,
Emily
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Hi Abhilash,
No matter what, when starting a case, you need to know 1) Context and 2) Objective
If you don't understand who we're working for and why, you can't even begin to structure.
This is because a framework's entire purpose is the solve the a problem. If I don't understand I'm trying to get the 3rd line in a triangle, how can I come up with a^2 + b^2 = c^2?
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Hello!
For which client?
With which KPIs in mind?
That info is insufficent.
Cheers,
Clara
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Hi,
I will go for a very very simple approach considering low information provided !
1) Analyze current footprint : industries / market covered, internal experts or networks, sales ...
2) Analyze future opportunities : investigate current market shares for industries / market covered, barriers and competitors for industries / market not covered and related capabilities existing or required.
Hope it helps
David
(edited)
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Hi,
It's impossible to answer your question without knowing a specific numerical objective and the context. You should not approach cases in such a broad way
Best
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Dear Abhilash,
I would happy to help you, but this information you give looks insufficient for proper answer.
Best,
André
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