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Tag: "Case structure and frameworks"
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Case structure and frameworks

    Help needed on structuring for specific category profitability

    Case Interview case structure Case structure and frameworks Framework frameworks Structure
    Most recent answer 14 hours ago
    <p><strong>Case prompt:</strong></p><p><i>The client is a large retailer co. </i></p><p><i>She has asked us to look into the makeup category, which had sales of $500M last year. The category is profitable, but below the industry average. </i></p><p><i>Why is the profitability of this category lower than expected and how can the client increase category profitability?</i></p><p>Thank you bery much!</p>
    Hi there! I think with a case prompt like this, the best structure is a simple one based on breaking down profitability into its components. We want to know why profitability (likely more specifically “contribution marg ... (read entire answer)
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    14 hours ago
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    GenCo - BCG Case [from their official website]

    BCG BCG Case Interview bcg consulting Case structure and frameworks growth strategy MBB revenues Structure
    Most recent answer on Jul 17, 2021
    <p>Hello </p> <p>There is this case on the BCG website called Driving Revenue Growth. the promt says: </p> <p><em>our client is GenCo, a large, international, diversified company with a health care division that produces a wide variety of medical instruments and related services. The parent company GenCo produces medical devices and services, but before the acquisition was not involved in health care software. The company it purchased, MedCount, sells only administrative systems software to large hospitals. It is now looking for opportunities to increase revenues</em>.</p> <p>Under <u><strong>Set up the Framework for the Cas</strong></u>e they have the following which I tend to believe is generic and a force fitted framework: </p> <ul> <li>First, I'd want to understand the market size and growth rates for MedCount's market and related software markets.</li> <li>Next, I would like to explore the competition and their market shares.</li> <li>Third, I would like to examine customer requirements and then, given those external conditions, look at the division's capabilities to understand how well prepared it is to meet the needs of the marketplace.</li> </ul> <p><u><strong>Note:</strong></u> from the solution, it seems the opportunities for revenue increase are meant for MedCount division not GenCo &amp; MedCount focusing on medical softwares which could be verified via clarifying questions during an actual interview. </p> <p>Also, the available data and the solution seems to relate to each of the buckets listed in the framework starting with competition and shares, consumer preferences to company's capabilities</p> <p>What is a better framework for this problem?</p>
    Hi there, You are correct - this framework is terribly generic! As a general rule: don't trust the frameworks given in cases. They tend to be oversimplified AND there is rarely one single good framework for a case...s ... (read entire answer)
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    on Jul 17, 2021
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    Growth strategy: PrepLounge Coaches War !

    case structure Case structure and frameworks MBB Structure
    Most recent answer on Jul 09, 2021
    <p>Hello </p> <p>this post is about the growth strategy framework <u><strong>concept</strong></u>, and like any other framework it shall be customized to fit the given case.</p> <p>I looked at multiple Q&amp;A (on preplounge and outside preplounge) about structuring growth strategy cases that have increasing revenues as a goal. I saw 2 approaches suggested by coaches listed below.</p> <p><br> Some coaches called the first structure "not solid/not exclusive"  &amp; suggested the second approach, contrarily, other coaches called the second structure "non-exhaustive" and suggested the first approach.</p> <p><strong>The first Structure approach: </strong>Use a generic framework to allow the candidate ask questions and avoid jumping into the solution structure immediately (which will be the second approach) </p> <ol> <li> <u>Analyze External Factors</u>: the argument for having this bucket is if a company wants to grow revenues by 10% in a market growing at 20% versus growing in a shrinking market </li> </ol> <ul> <li>Evolution of the market</li> <li>competition </li> <li>consumers tastes and trends </li> <li>Regulations</li> </ul> <p>     2.<u> Analyze Internal Factor</u>: Use the algebraic form of R = V x P </p> <ul> <li>discuss revenue streams</li> <li>discuss pricing</li> </ul> <p>      3. <u>Growth Strategy :</u></p> <ul> <li>Organic  <ul> <li>Existing revenue sources  <ul> <li>Increase Volume</li> <li>Increase Price</li> </ul> </li> <li>New revenue sources</li> </ul> </li> <li>Inorganic  <ul> <li>Acquisitions</li> <li>Partnerships</li> </ul> </li> </ul> <p><strong>The Second Structure approach: </strong>Uses the third bucket of the first structure above as the structure however I do see that some of the buckets above could be inherited in this structure: Revenues = V x P could be discussed when analyzing the organic branch under existing revenue streams <strong><u>however </u></strong>analyzing the market or external factors is important for the argument listed above </p> <p><u><strong>Growth Strategy :</strong></u></p> <ul> <li><u>Organic</u>  <ul> <li>Existing revenue sources  <ul> <li>Increase Volume</li> <li>Increase Price</li> </ul> </li> <li>New revenue sources</li> </ul> </li> <li><u>Inorganic</u>  <ul> <li>Acquisitions</li> <li>Partnerships</li> </ul> </li> </ul> <p>some coaches called the first structure "not solid/not exclusive", contrarily, other coaches called the second structure "non-exhaustive". </p> <p>So what do you say? </p>
    I'm not convinced by either, but would also challenge the premise of the question: Firstly, both structures have their flaws:  The first one focuses on process (1. Analyse external factors 2. Analyze internal f ... (read entire answer)
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    on Jul 09, 2021
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    Coaching in advance - payment later

    case coaching Case structure and frameworks Case training coach coaching MBB
    Most recent answer on Jun 29, 2021
    <p>Is there any coach that would agree to coach someone who got an interview but having the payment after the candidate started the job?</p> <p>(goes without saying that the candidate's profile and current level evaluation should be done prior to the agreement) </p>
    Dear Anonymous, thank you for your answer. Even though most of our experts here have already mentioned that PrepLounge is not the right platform for you if you are looking for such a payment method. I just wanted to ... (read entire answer)
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    on Jun 29, 2021
    Last Activity

    structuring question

    Case structure and frameworks issue tree pharma revenue
    Most recent answer on Jun 27, 2021
    <p>Hi everyone,</p> <p>I came across this question in a case book and was wondering what sort of opening structure would be best here, since the revenue changes by product segment are only presented to the candidate after the initial structure is presented. How would you go beyond revenues = qty x price for this question?</p> <p>our client is a multinational pharmaceutical and biologics company. The client has a portfolio of drugs for major disease areas, including cancer, cardiovascular, and gastrointestinal diseases, to name a few. The client has experienced a decline in revenue over the last 18 months, and is fearful of further declines, especially given that its most commercially successful drug, which treats acid reflux disease, will be going off of patent in May of next year. What are the areas they should look into to change the course of this trend?</p>
    Hi there, Really important to have a strong structure here: Improve Existing Business/Products Identify which major products are declining in revenues Figure out why Price changes by us Price cha ... (read entire answer)
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    on Jun 27, 2021
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    Case Interview Frameworks ebook - reviews?

    case frameworks Case structure and frameworks
    Most recent answer on Jun 03, 2021
    <p>Does anyone have experience with this ebook/ resource as a way to simply have an overview of existing frameworks (not to memorize them by heart etc.)</p> <p>https://www.consulting-case-interviews.com/case-interview-frameworks</p> <p>I have seen it recommended on 1 thread here on PrepLounge, but when I google it I find surprisingly little information about it. Before I invest, I'd appreciate any feedback/ reviews.</p> <p>Thank you!</p>
    Hi there, I agree with the other commentors. To be honest, if you're going to invest money I'd recommend purchasing something that's already been tried and tested (i.e. the Preplounge material, Victor Cheng, Case in P ... (read entire answer)
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    on Jun 03, 2021
    Last Activity

    Structure for a framework about corporate strategy

    Case structure and frameworks strategy
    Most recent answer on Apr 12, 2021
    <p>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. </p> <p>I can think of:</p> <ul> <li><strong>As-Is</strong>: Make a diagnosis of the current situation. But what kind of things?</li> <li><strong>GAP-Analysis</strong>: main problems to solve or things that are far from the best practices of the market.</li> <li><strong>To-Be</strong>: objectives and strategy to achieve them.</li> </ul> <p>But it seems to me a very simple framework. Is there any recommendation of something more complete?</p>
    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 or ... (read entire answer)
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    on Apr 12, 2021
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    Spending too much time presenting the initial structure at Bain

    Actively preparing for interviews with Bain and BCG Anyone who has worked at Bain? Case structure and frameworks Structure
    Most recent answer on Mar 19, 2021
    <p>Hi PL,</p> <p>I have an interview with Bain in a fortnight and I wanted to clarify how long I should spend presenting my structure. I understand the rule of thumb for developing the structure is 2 mins or less, but what about presenting it?</p> <p>Can I spend a longer time presenting my structure if it is deep and insightful? Or should I make it less deep and move to the next steps faster?</p> <p>My concern is that having a strong structure at the start might score me extra points for this section, but might leave me less time for the other analysis the interviewer will be hoping to go through.</p> <p>Thanks! :) </p>
    Hi there, I would recommend the following as benchmark: 1 min to write down the structure 1.5 min to present They are not strict rules. If you spend 1.5 min to write down the structure or 2 min to present, yo ... (read entire answer)
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    on Mar 19, 2021
    Last Activity

    What is an issue tree and how do I use it effectively?

    beginner Case structure and frameworks frameworks issuetree
    Most recent answer on Mar 19, 2021
    <p>What is an issue tree and how do I use it effectively? Also, how would I combine it with a framework to solve cases?</p>
    An issue tree is a way to structure a problem in order to prove / disprove hypotheses that can diagnose the problem. It allows you to: Break the problem-solving process into phases Ensures systematic coverage of ... (read entire answer)
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    on Mar 19, 2021
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    What is a good approach to cases that don’t fit a framework?

    Bain BCG case frameworks Case Prep Case structure and frameworks frameworks Mck
    Most recent answer on Mar 10, 2021
    Check out these threads for clarity on this question: https://www.preplounge.com/en/consulting-forum/freaking-out-about-frameworks-8721 https://www.preplounge.com/en/consulting-forum/does-anyone-have-any-advice-fo ... (read entire answer)
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    on Mar 10, 2021
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    Building industry knowledge to solve cases

    approaching a case case structure Case structure and frameworks Case Structuring industries industry dynamics Structure
    Most recent answer on Feb 22, 2021
    <p>Hi,</p> <p>I've noticed while practing for cases that my frameworks are stronger and more insightful when dealing with an industry which I am more familiar with, while I struggle and revert to standard, boring frameworks when in less familiar industries. </p> <p>I was wondering whether there were particulary useful ways of building knowledge of unfamiliar industries so that I can improve my frameworks in these case problems? I'm thinking in terms of revenue and cost structures, margins, risks, competition, etc. I've gone through industry overviews from casebooks which have been useful but I'm looking to expand on that.</p> <p>Thanks!</p>
    Hi there, You're 100% right...this knowledge seriously helps with taking your casing to the next level.. I have a template, so feel free to reach out if interested! Some key tips: List all the major indust ... (read entire answer)
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    on Feb 22, 2021
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    How can I practice for human capital case interviews?

    Case Interview Case structure and frameworks human capital PwC
    Most recent answer on Dec 31, 2020
    <p>Hi, </p> <p>I don't think there are many resources out there to practice for human capital case interviews. Please recommend resources, except Case in Point and Victor Cheng's videos. </p> <p>Also, could you share framework examples? Thank you!</p>
    I have done a few cases with my clients. Freely available resources are in publicly available case books - refer to Duke 2017 case book (has 2 cases) and Wharton 2017 case book (has 1 case). You can easily search for th ... (read entire answer)
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    on Dec 31, 2020
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    How good/relevant is the Case-in-Point book for case prep?

    Case in Point Case structure and frameworks Good resources Victor Cheng
    Most recent answer on Nov 27, 2020
    <p>I have heard conflicting advice about using Case in Point. Do you guys think it is still a good prep resource? I’m debating about getting VC as a back-up but also want to make sure I’m not limiting myself. Do you guys think the whole framework approach is outdated? Starting to prep for interviews and would appreciate your advice!!!</p>
    Dear Anonymous A, This is a great question! I hope others can benefit from this debate. I will answer your question bluntly: Marc Consentino’s Case-in-Point book has become outdated and is no longer a good resourc ... (read entire answer)
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    on Nov 27, 2020
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    Feeling stuck at Case Practice

    case math case math' Case Maths case structure Case structure and frameworks Case Structuring Consutingmath fast math GMAT MathSkills IB Structure
    Most recent answer on Oct 26, 2020
    <p>Hello everyone! :)</p> <p>I started my case interview preparation two months ago. First I started reading Case on Point and Victor Cheng book and LOMS. Then I did the free course on craftingcases.com which I find to be the most helpful resource online. Finally, I started practicing cases, I have done around 35+ cases and I identified two biggest weakenesses:</p> <p>1. Structuring: Develop insightful and MECE frameworks.</p> <p>2. Problem solving: By this I mean during the math part know how to solve the problem after they give you some data for this.</p> <p>To tackle each of them I started by structuring, to that I bought Crafting Cases Structuring Drills course, which was very helpful, however I still feel my frameworks are still weak. I still need to focus on the problem solving part.</p> <p>Today when I did again a live case interview I found myself struggling again, somehow this is quite discouraging specially when you compare with people who have had the same amount of practice as you and solving a case for them seem to be very natural while I find myself struggling.</p> <p>I would like to know two things: </p> <p>First: How can I improve my problem solving skills during the math part? Maybe doing some GMAT Problems? Does anyone has any good advice for this?</p> <p>Second: How can I stop being stuck during my preparation and become more natural?</p> <p>Thank you very much. </p>
    Hi there, Two tips : 1. Practice, practice, and just dont give up. Give yourself time & celebrate little successes. Take a break for couple of days here and there and do something fun/creative to unclock the tra ... (read entire answer)
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    on Oct 26, 2020
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    Strategy for Customer Retention -MECE Framework feedback

    case interview preparation Case structure and frameworks customer retention Data Analysis MECE
    Most recent answer on Sep 15, 2020
    Anonymous gave the best answer on Sep 14, 2020
    <p>Hi everyone, In order to develop a strategy/plan for customer retention for a SaaS prodcut before launch, I wanted to use a MECE framework (<u>hypothesis tree)</u> to strategize and present, is the following one ok? or any better suggestions?</p> <p>Objective: Keep churn at minimal when we launch (i've tried to use a customer journey like framework with the assumption that more engagement can reduce retention)</p> <p><strong>1) Account Sign-up</strong></p> <p>- how many steps to complete signup? How can we keep it as short as possible?</p> <p>- What info do we need? </p> <p><strong>2) Onboarding</strong></p> <p>- How can we onbard the customer? quick tour? live traning?</p> <p>- How long should the onboarding be ? how many steps &amp; what to cover?</p> <p><strong>3) Post- Onboarding:</strong></p> <p>a<u>) User proactive use:</u> Open the app --&gt; Loading time of the app--&gt; type of info on first screen [how can we ensure a smooth process as mentioned], [ what are the regular features that a user would want to enage with? do we have any other non-core features that can encourage enangement] </p> <p>b<u>) Reactive use</u>: To ensure more enagement can we send proactive updates of data &amp; other info?</p> <p><strong>4) Analytics</strong></p> <p>- How can we monitor technical issues to ensure worry free experience?</p> <p>- Can we create algorithms to flag low enagemeng customer who could churn?</p> <p><em>Please give feedback &amp; thoguths if this is ok or bad and your suggestions would be appreciated.</em></p>
    Hi, as always with cases you need to clearly define your metric, Here the "Churn". Ask clarification question to understand how does your client define churn (Usually how many customers come back after being activated ... (read entire answer)
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    on Sep 15, 2020
    Last Activity

    CASE: MECE structure to suggest "paid" features & basic in a freemium product?

    Case structure and frameworks case study MECE New product Pricing case study Product Manager
    Most recent answer on Sep 15, 2020
    <p>Hi Guys, I have a case to work where it goal is to develop a freemium model for a SaaS product &amp; one has to <em><u>decide which features should be "free" &amp; "premium"</u></em></p> <p><u><em>What kind of MECE structure/framework can one use to decide the feature in "Free" &amp; "paid"</em></u>? </p> <p>I have tried to brainstorm on this but reached a dead end. Any thoughts?</p>
    Hi, I recommend using the Product Development frameworks. They include the analysis of companies vision and strategy, customer segments and needs, etc. You can find a lot of product frameworks in the following books: ... (read entire answer)
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    on Sep 15, 2020
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    Recovering from mistakes in interviews

    Case Interview Case structure and frameworks expert
    Most recent answer on Aug 31, 2020
    Anonymous gave the best answer on Jul 12, 2016
    <p>Hey, this is a bit different kind of question than usually posted on this forum. Can you (especially from experts) guys give me some advice on how to react after making a mistake (say using the wrong approach, or making a math error while estimating market size) during an interview? I find I get super nervous whenever I say something stupid. I feel conscious and it further spoils my interview. How can I overcome this?</p>
    Maybe it helps you to know that mistakes happen a lot. Candidates are nervous, the stakes are high -- interviewers know this. In a way, a mistake is even an opportunity to show the interviewer how you deal with it. Do y ... (read entire answer)
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    on Aug 31, 2020
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    Structuring revenue and profitability problem

    case frameworks Case structure and frameworks
    Most recent answer on Aug 23, 2020
    <p>I have encountered many cases in which the issue is "we want to understand why are revenues/profits declining and what to do". I have found useful to structure the first part of the problem (cause) by trying to understand external and internal factors.</p> <p>I would like to know if I should address the second part (what to do) in the initial strucure or do this once the cause has been identified? also what alternative structures are there to frame these kind of cases? </p>
    Hi! The purpose of a structrue is to clearly explain how you will answer the precise question that has been asked by the client. The question is: "What is the cause of the revenue issue?" Structuring a case means ... (read entire answer)
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    on Aug 23, 2020
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    How to Structure and Choose Framework for Profitability Case

    Case Interview Case structure and frameworks Framework profitability profitability analysis Profitability Case Cost Structure
    Most recent answer on Aug 18, 2020
    <p>Hi guys,</p> <p>I just started to study for the case interview and began with the profitability problems (as many of you suggested), and I do have a couple of questions regarding the framework...</p> <p>1. I'm studying with the case library and found that the 'structure' given in those cases is pretty different from the ones typicall used - they use terms like prioritization, strategy, and even background, which don't sound like components belong to a framwork...</p> <p>2. I know that it's basically needed for every profitability case to have cost and revenue analysis, but how about competitors? Some have competitor analysis right after profit analysis as you need to benchmark competitors to see what they are doing right, while some cases, like the 'Chewing Gum' one, don't really have a competition analysis. I'm a bit confused that, since we are structuring framework before we get all the info, we actually don't know where this whole thing will go to - then how to determine which components to include? How to decide whether we will need a competition analysis?</p> <p>This is like my very first day of case prep so please excuse if you think I'm asking bad questions. Any inputs would be appreciated!</p>
    Hi, Given this is your first day, I'm going to take a step back and answer the question you're really asking: How do I use frameworks in a case? If there's anything to remember in this process, is that cases don't e ... (read entire answer)
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    on Aug 18, 2020
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    Case Structure/Framework Timing

    Case structure and frameworks
    Most recent answer on Jul 31, 2020
    <p>In regards with drafting down the structure/framework for tackling case studies, how long should it take, for both interviewer/interviewee led cases.</p> <p>In MBB interviews, do interviewer actually allocate you specific amount of time i,e, okay boy, you have 30 seconds to give me a structure !!!</p>
    Hi Anonymous, this is a very typical concern that candidates have when building their case skills. However, it is extremely important that you understand that putting yourself under time pressure while practicing is a ... (read entire answer)
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    on Jul 31, 2020
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