PrepLounge Logo
Sign up for free
Case Practice
Your PrepPlan Case Partner Premium Prep
Coaching
Coaches Coaching Packages Coaching Cockpit
Resources
Content
Case Interview Basics Case Library Tests & Guides Video Tutorials
New
 Consulting Blog
Tools
Mental Math Tool Stress Questions Case Interview Exercises Structuring Drills Logical Reasoning Drills Numerical Reasoning Drills Brainteaser
Consultancies
Employers Career Events Consulting Jobs
Consulting Q&A

Structure for a framework about corporate strategy

Case structure and frameworks strategy
New answer on Apr 12, 2021
3 Answers
1.0 k Views
Richard asked on Apr 10, 2021

Hello, I would like to know what could be a good MECE framework to define the strategy of a company. I am looking for a general framework, which can serve as a guide to know what kind of things to analyse.

I can think of:

  • As-Is: Make a diagnosis of the current situation. But what kind of things?
  • GAP-Analysis: main problems to solve or things that are far from the best practices of the market.
  • To-Be: objectives and strategy to achieve them.

But it seems to me a very simple framework. Is there any recommendation of something more complete?

I want to be notified about updates regarding this question via email

Overview of answers

Upvotes
  • Upvotes
  • Date ascending
  • Date descending
Best answer
Adi
Expert
Content Creator
 replied on Apr 10, 2021
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Hey,

I think you are pretty much on the mark. Let me improve it a bit.

Steps to define a corporate strategy

  • As-Is - Conduct external analysis to identify key trends in the industry and ecosystem. Assess the organisation's internal strengths, weaknesses and capabilities
  • Choices- Synthesise the insights from the internal and external analysis and formulate scenarios about the future. Prioritise the scenarios based on their value impact and make choices about where the organisation wants to focus
  • Define- Deep dive into the strategic choices , create execution roadmap and investment needs

Very similar approach can be used to create a focused strategy e.g. Customer, Product, Competitor etc.

Was this answer helpful?
19
Book a coaching
Ian
Expert
Content Creator
 replied on Apr 10, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi Richard,

This is sort of just a stable stakes framework. This is literally what you would do for any project/case. In every single case/problem you're going "whats the current state, what do I have to do, and how do I prioritize and implement them".

You haven't added any value here...

Rather, you have to think about the objective + client + industry all together to create a tailored framework. What does this look like? It depends!

When you say "corporate strategy", this could literally be anything! We need to know what exact strategy we're aiming for (culture change? digital transformation? Growth? cost cutting?). Then and only then can we create a tailored framework based on content NOT process.

Was this answer helpful?
16
Book a coaching
Clara
Expert
Content Creator
 replied on Apr 12, 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

To add on top of what has been said -and approving very much your framework-, this brings into my mind something that my Competitive Strategy professor used to say: strategy is the bridge between where a company is atm and where it wants to be.

Cheers,

Clara

Was this answer helpful?
12
Book a coaching

Related Products

Break Into Consulting - Frameworks I wish I knew by Alexandre

4.6
9 Reviews
  • Created by 2 BCG consultants
  • Covers most interview cases
  • Practical tips to crack the case
USD 29 USD 25
Buy now Add to cart
Alexandre

Related Cases

Expert case by Francesco

MBB Final Round Case - Smart Education

Style:
Interviewer-led (McKinsey style)
Topics:
Growth strategy, Market analysis, Market entry, New product Growth strategy, Market analysis
Rating:
4.6
Our 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 disadv ... Our 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 stude ... (Open whole case)
31.6k
Times solved
4.6
600+ Ratings
Advanced
Difficulty
Expert case by Francesco

Bain 1st Round Case – BlissOttica

Style:
Candidate-led (usual style)
Topics:
Growth strategy, Market analysis, Market entry, Profitability analysis Growth strategy, Market analysis
Rating:
4.1
Our client is a BlissOttica, an Eyewear Manufacturer that is looking to reach a 10% increase in profits. How would you help our client? Our client is a BlissOttica, an Eyewear Manufacturer that is looking to reach a 10% increase in profits. How would you help our client? (Open whole case)
13.6k
Times solved
4.1
100+ Ratings
Intermediate
Difficulty
Expert case by Ian

Bain + BCG - Hot Wheels WITH VIDEO SOLUTION

Style:
Candidate-led (usual style)
Topics:
Competitive response, Growth strategy, Market analysis, Operations strategy, Profitability analysis Competitive response, Growth strategy
Rating:
4.6
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.========================== ... 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 pro ... (Open whole case)
11.3k
Times solved
4.6
300+ Ratings
Intermediate
Difficulty
Expert case by Ian

BCG - YodaPhone

Style:
Candidate-led (usual style)
Topics:
Operations strategy Operations strategy
Rating:
4.5
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 ... 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, ... (Open whole case)
9.8k
Times solved
4.5
< 100 Ratings
Intermediate
Difficulty
Expert case by Ian

MBB - Sky China

Style:
Candidate-led (usual style)
Topics:
Capacity change, Competitive response, Growth strategy, Operations strategy, Organizational behavior, Profitability analysis, Public Sector Capacity change, Competitive response
Rating:
4.3
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 he ... 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 ... (Open whole case)
7.5k
Times solved
4.3
100+ Ratings
Intermediate
Difficulty

Similar Questions

Toxic Workplace -Seeking Advice on Promotion and Pay Discrepancy

7 answers

How to prepare for a presentation-case-interview?

6 answers

Structuring Drills from Crafting Cases or Coaching Sessions

5 answers
Adi gave the best answer
Show information

Adi

Content Creator
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience
176
Meetings
14,219
Q&A Upvotes
98
Awards
5.0
70 Reviews
Book a coaching
Visit the profile of Adi

Related Products

Break Into Consulting - Frameworks I wish I knew by Alexandre

Similar Questions

Toxic Workplace -Seeking Advice on Promotion and Pay Discrepancy

7 answers

How to prepare for a presentation-case-interview?

6 answers

Structuring Drills from Crafting Cases or Coaching Sessions

5 answers
Cookie and Privacy Settings
This website uses cookies to enable essential functions like the user login and sessions. ... (Read more) We also use cookies and third-party tools to improve your surfing experience on preplounge.com. You can choose to activate only essential cookies or all cookies. You can always change your preference in the cookie and privacy settings. This link can also be found in the footer of the site. If you need more information, please visit our privacy policy.
Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. a GDPR, to your data being processed in the USA. The USA is not considered to have adequate data protection legislation. If you need more information please view the individual settings.
I accept
Manage settings individually
Questions or Feedback?
Select category
  • Select category
  • Case Interview Preparation
  • Coaching
  • Technical Problems
  • Other
Your name
Your email address
Cancel
How likely are you to recommend us to a friend or fellow student?
0
1
2
3
4
5
6
7
8
9
10
0 = Not likely
10 = Very likely