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
Overview of answers
Upvotes
Best answer
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
Was this answer helpful?
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
Was this answer helpful?
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?
Was this answer helpful?
Hello!
For which client?
With which KPIs in mind?
That info is insufficent.
Cheers,
Clara
Was this answer helpful?
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)
Was this answer helpful?
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
Was this answer helpful?
Dear Abhilash,
I would happy to help you, but this information you give looks insufficient for proper answer.
Best,
André
Was this answer helpful?
Related Cases
Company case by Bain & Company
Style:
Topics:
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)
182.9k
Times solved
Beginner
Difficulty
Company case by Roland Berger
Style:
Topics:
LumCO, a company producing injection-molded components for lighting applications, has operated successfully in its native European market. The company wants to open up one production facility each in China and the United States and establish their own distribution network in both countries to serve
... (Open whole case)
83.5k
Times solved
Advanced
Difficulty
Company case by EY-Parthenon
Topics:
Der Geschäftsführer eines in Deutschland führenden Telekommunikationsanbieters denkt über einen Einstieg in den SVoD (Subscription-Video-on-Demand)-Markt nach. Bevor er jedoch viel Zeit in die detaillierte Marktanalyse steckt, möchte er erstmal das Geschäftsmodell von O
... (Open whole case)
10.8k
Times solved
Intermediate
Difficulty
Company case by Volkswagen Consulting
Topics:
Ihr Kunde ist in einem globalen Automobilkonzern dafür verantwortlich ein neues Produkt mit einem Volumen von 140.000 Fahrzeugen über den gesamten Produktionszeitraum auf den Markt zu bringen. Bedingt durch finanzielle Anspannung liegt ein besonderer Fokus auf den Kosten.
... (Open whole case)
6.3k
Times solved
Intermediate
Difficulty
Style:
Topics:
Nutripremium is a very well-known premium nutrition food company in Europe (€1 billion revenue last year). It is based in Spain and has an excellent market share not only in its home country but also in Portugal, France, Italy and Germany.
Nutripremium has two main lines of products:
... (Open whole case)
73.3k
Times solved
Advanced
Difficulty
216
Meetings
9,397
Q&A Upvotes
74
Awards
84 Reviews
