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Who are the main competitors of company X?

PrepLounge: Personal Fit
New answer on Nov 20, 2023
13 Answers
1.9 k Views
Anonymous A asked on Sep 28, 2019

How would you answer this question in your Personal Fit interview? Receive feedback on your answer and browse through the Q&As to review the approaches of other applicants and experts.

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Daniel
Expert
Content Creator
replied on Mar 24, 2020
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews

This question can be two-fold:

  • Competitors of consulting company you are interviewing for – then just name them, you probably applied for all of them anyway ;)
  • Competitors of any company they name – this question is for sure not asked in MBB, but can be asked in Tier 2-3, so to prepare for that question:
  1. Make a list of the industries they work in
  2. Identify biggest companies in your region in those industries – this way you will already know the names once you go into that interview

Hope this helps!

Best,

Daniil

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Ferdinand replied on Jul 21, 2022

Customer:

Which kind of customers company X has?

Product:

Which kind of products company X sells?

Competitor:

To which segment company X belongs to?

Which region is the main selling areea of compnay?

Company:

Which kind of contribution channels company X has?

 

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4
Anonymous E replied on Jan 24, 2022

More than the other two top-tier strategic consulting firms, I would say that the competitors are the smaller ones (ex: MBS), as they can potentially steal some market share by their lower fines.

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Clara
Expert
Content Creator
replied on Jul 06, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

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Anonymous H replied on Jul 02, 2023

In case of Inhouse consultancy, what would be the answer? 

Do I look for the competitors of the whole company?

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Rohidul replied on Apr 26, 2023

DHL consulting is the main competitor for company X

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Anonymous G replied on Feb 03, 2023

Main competitor of X would be the one which has similar product, largest marketshare in same region and often seen as an alternative by consumers or clients. 

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3
Anonymous replied on Apr 29, 2022

I assume company Y and Z

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Anonymous F replied on Apr 09, 2022

y z

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Anonymous D replied on Dec 01, 2021

Tesla, BMW, Audi

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Anonymous C replied on Nov 01, 2021

our main competitors are Tier 1 IT service companies and in some cases product companies, from a Talent acquiring and retention standpoint but from a target market standpoint, our main competitors are the tier 3 IT service companies and even startups in this space

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Anonymous B replied on Aug 25, 2021

I would consider the main competitors to be nurseries in the area as well as private nannies not affiliated with KK.  

Your company has the advantage in that…

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Micha
Premium
replied on Nov 20, 2023

bain, mckinsey and boston consulting group

 

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Daniel gave the best answer

Daniel

Content Creator
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
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