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I recently received an email from a reader about being rejected by Boston Consulting Group and how he could have better answered the case interview question he was given to help him practice for his next interview with Bain. The case interview question he was given was this: A trucking company in China had GM as their main client and had heard rumors that the contract wasn't going to be renewed, the trucking company wanted to know whether to do anything about this. MORE
What I’m going to do in this post is to give two examples of conclusions to the same case interview: one okay conclusion and one great conclusion. This article focuses on how to conclude well in your case interview. It is part 2 of a 3 part series. If you haven’t read part 1 yet, what I would do is pause reading and look at the following link , which covers four great tips on how to improve your conclusion. MORE
Examples:Some assumed it was poor students that declined to re-enroll for school and proposed tuition discounts or financial aid solutions.Others assumed it was international students that perhaps had visa problems and proposed government policy solutions. MORE
The UK government, for example, created a whole department devoted to formulating policy influenced by the theory. Nudge Theory , first formulated by the Nobel Laureate Richard Thaler , is part of a relatively new field called behavioral economics, which believes that subtle conditioning and small environmental changes can actually have a profound impact on the behavior of individuals and groups. MORE
Smart retailers know that consumers expect omnichannel experiences. Even smarter retailers understand that the omnichannel goal posts continue to move. Retailers must balance business objectives with the flexibility to adapt to new customer expectations and industry trends. Here are the key trends that define omnichannel experiences today and in the near future. A few years ago, an omnichannel experience meant displaying the same deal across a brand’s website, app, and store and allowing cus MORE
Learning what other companies did to acquire firms in developing economies may help U.S. companies be more successful in their own M&A efforts MORE
I've had several requests to provide an example of a case involving the Capacity Change Framework as described in my case interview frameworks article. Before I provide the example and walk through how to solve it, let me start by providing some context. The perfect example of this is the airline industry. So for example, if United Airlines goes out of business, what happens to prices for airline tickets -- American Airlines wants to know! MORE
An example of this is the McKinsey Problem Solving Test which evaluates your data sufficiency skills (among others). For example, maybe Volvo brakes don't work so you crash all the time, but the Volvo body frame construction and airbags are excellent. One of the skills that's being tested during a case interview is something I call data sufficiency. Basically, you have a bunch of data and the question is do you have ENOUGH data to make a particular conclusion. MORE
The post Buyer Fever – An Example appeared first on Martinka Consulting. We all get it, actually many times. It could be something simple like a gym membership (those 20 pounds will melt off), a bit more involved like a car (I sure look cool in this red car), or even a house (wow, what a kitchen). When buyer fever hits about a business it can be trouble. I’ve seen my share of buyers with the fever, and it usually comes back to haunt them. MORE
I came across a really interesting example of using the 80/20 rule to learn a new hobby of mine — songwriting. For example, take a song like Adele’s "Rolling in the Deep." One of my favorite interests is to apply the 80/20 rule to everyday life. In consulting work, we’re constantly trying to do the most critical 20% of the possible work to yield 80% of the results or insights. MORE
Here are some examples: AIG Behavioral Science Team. Here are some firms and practice groups in the behavioral science and economics space: Behavioral Insights Team – Home – Behavioural Insights Team. BEworks – Home – BEworks. BeSmart at Boston Consulting Group. BVA: BVA : BVA Nudge Unit. The Decision Lab – The Decision Lab – Behavioral Science, Applied. Disclosure: I am formally an advisor there). Digitai – Digitai (Disclosure: I work there). MORE
Here's a list of Case Interview Questions that I've received as a candidate. Keep in mind the interview format (especially for McKinsey) has evolved since the time I went through it as a candidate. How much time does it take to relocated an average size mountain 10 miles using an average size dump truck? McKinsey Case. Your client is a $300 million a year copper mining company. This year it has lost $50 million. How do you turn it around? Oliver Wyman Case. MORE
Management Consulting Resume Management Consulting Resume Examples That Actually Passed The Consulting Resume A-Z article gave you all the basic knowledge needed. In this article, I will show you a great consulting resume sample that actually went on to the next rounds … Management Consulting Resume Examples That Actually Passed Read More » The post Management Consulting Resume Examples That Actually Passed appeared first on Management Consulting Prep. MORE
The post Estimation example & tips with mental math appeared first on Management Consulting Prep. Estimation question & market sizing in case interview. Case Interview Case Interview Tips & Techniques MORE
The post Case Interview Examples: Master List appeared first on Management Consulted. The case interview is the biggest challenge consulting candidates must overcome to receive an offer. Most aspiring consultants are coveting an offer from the likes of McKinsey, Bain, BCG, and Deloitte. Though some are blessed with the innate talent to … Continue Reading. Case Interview MORE
The post Case Interview Examples appeared first on Management Consulting Prep. Where to find case interview? Must-be this article. Case Interview General MORE
MECE case framework example is great for understanding how to be MECE during your case interview. The post MECE Case Framework Example appeared first on Management Consulted. You must be able to structure your case in a way that demonstrates to your interviewer than you understand how to be mutual exclusive … Continue Reading. Case Interview MORE
So how to stand out from a … Ultimate Management Consulting CV Guide And Example Read More » The post Ultimate Management Consulting CV Guide And Example appeared first on Management Consulting Prep It seems like writing consulting CV is the “easier” part of the recruiting process ‘cause we have all the time in the world to do it. But make no mistake about it. Everybody else also has that luxury and that makes the bar for your CV extremely high. MORE
The post MECE Framework: Case Interview Example appeared first on Management Consulted. The Mutually Exhaustive Collectively Exhaustive (MECE) framework is an important problem structuring principle that consultants use to organize data efficiently and comprehensively. In this article, we will cover how to utilize MECE in a case interview setting. To watch a video … Continue Reading. Case Interview case interviews consulting interviews MORE
Management Consulting Resume Cover Letter for Management Consulting: The Complete Writing Guide and Examples Every year, big 3 consulting firms McKinsey, BCG, and Bain (MBB) receive a million applications and reject more than 80% of them even before interviews. MORE
Fortunately, a simple question evokes greater self-awareness and actionable insights than the typical 360 degree review: How do you lead by example? For one, it non-judgmentally presumes people already lead by — and thus set — good examples; for another, it pushes leaders to think harder about how others interpret their behavior. In over 15 years of asking, no one has ever said they can’t, don’t, or won’t lead by example. MORE
Give me an example of a good product and not so good product. The browser extension automatically highlights grammar errors as the user types in a browser application, like Gmail for example. It shows examples of how to correct mistakes. For example, help with structuring content, checking the logical flow of the writing, proposing layouts and designs, suggesting images that complement the copy, and the creation of slides for a presentation. Question. MORE
They fall under three categories: the environment you create, the expectations that you have, and the example your choices and actions set. As an employee, I’ve seen this happen many times, but my favorite example comes from Fried and his co-author, David Heinemeier Hansson, in their book about productivity, It Doesn’t Have to be Crazy at Work : “It takes great restraint as the leader not to keep lobbing ideas at everyone else. Examples. MORE
The lunch you’re catering at the wedding of a friend next week—who’s it for? It might be for the bride, because it’s her special day, so you should make food she likes. It might be for the guests, because they’re the guests, and so you should make something universally appreciated, the way you’d cook for a Super Bowl party. It might be a chance to have an audience for your food, so you can cook to impress. MORE
He did it by leading by example. The Negative Impact of Not Leading by Example. I have discovered that managers, who do not lead by example as described above, generally don’t build strong, high performing teams. On the other hand, leaders that lead by example are servant leaders. Nelson Mandela’s Definition of Leading by Example. Certainly, leading by example means positively influencing others through modeling the way. MORE
The following is an example of a real-life case a student received and my advice on how to go about solving the case step by step. Blog Case Interview Articles Case Interview Frameworks case interview examples case interview frameworks case interview sample sample case interviewsQuestion: I have a question regarding a case I had in an interview with AT Kearney last month. MORE
Here is an interesting video regarding the effects of Obamacare on all the employees at at Simonetta''s auto repair shop in Pennsylvania. The video was made by a local TV station. A couple premiums dropped, but most went up, some by huge amounts. In every case deductibles soared. Every person involved is worse off than before. MORE
For example, you could state how you developed a quality management system that resulted in lower production costs, from $40 per unit to $30 per unit (or something similar). Resume Example. Here is an example resume that highlights the tips I’ve mentioned. Reference this example as you create your resume to make sure that you hit all of the important sections. MORE
The post Examples of Automation Software in Today’s Workforce appeared first on NextMapping. Robotics, automation, artificial intelligence, augmented reality, and virtual reality are all quickly influencing and shaping the future of work. As shown in Workfront’s State of Work report, knowledge workers today want automation software, with 86% of U.S. workers believing that the rise of automation will help us think of work in new and innovative ways. As a result […]. MORE
If you’re writing articles without real-world, contemporary examples to which the reader can relate, you’re merely writing conceptual pieces which aren’t going to persuade prospects. Think of all those awful college professors who merely read their notes and pontificated. You were obligated to take their classes, and you were paying them. No one is obligated to hire and pay you. Business of Consulting MORE
Today, let me pass on a trick that someone passed on to me so you can stop rowing … an example of how it works … and proof that it does work. Now … here is THE EXAMPLE. How to 10x your goals: the trick, the example, the proof. This is a follow up to my last video … about how to get stuff done. And I offer this analogy when it comes to getting BIG STUFF done. We imagine ourselves in a rowboat. To get anywhere, WE have to row. MORE
For example, when I was given this question. I wrote out this example fairly quickly and hopefully I did not make a math mistake. This article provides the answer to this estimation question. The process and rational I use to answer this specific estimation question can be used as a template to practice answering other estimation questions as you prepare for case interviews. MORE
EXAMPLE CONSULTING WEBSITE: David C. EXAMPLE: Whizard Strategy. EXAMPLE: Val Geisler. In this consulting website example, notice the buttons. The post 3 Things Your Consulting Website MUST Do In 2019 (Checklist & Examples) appeared first on Tsavo Neal. “Designers/marketers have no idea what a website should do for a consultant.”. If you’re struggling to find a marketer or designer who understands what your consulting website should do, you’re not alone. MORE
The post Ultimate Management Consulting CV Guide And Example appeared first on Management Consulting Prep. It seems like writing consulting CV is the “easier” part of the recruiting process ‘cause we have all the time in the world to do it. But make no mistake. Consulting Resume MORE
” Business of Consulting Marketing ExamplesThe future of selling is all about evangelism. Are your customers and clients “marketing” for you by word-of-mouth and unsolicited referrals? MORE
Examples Related Topics Management Consulted
JULY 11, 2019
MECE case framework example is great for understanding how to be MECE during your case interview. The post MECE Case Framework Example appeared first on Management Consulted. You must be able to structure your case in a way that demonstrates to your interviewer than you understand how to be mutual exclusive … Continue Reading. Case Interview
Management Consulted
JUNE 23, 2019
The post Case Interview Examples: Master List appeared first on Management Consulted. The case interview is the biggest challenge consulting candidates must overcome to receive an offer. Most aspiring consultants are coveting an offer from the likes of McKinsey, Bain, BCG, and Deloitte. Though some are blessed with the innate talent to … Continue Reading. Case Interview
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CaseInterview.com
MARCH 21, 2019
I've had several requests to provide an example of a case involving the Capacity Change Framework as described in my case interview frameworks article. Before I provide the example and walk through how to solve it, let me start by providing some context. The perfect example of this is the airline industry. So for example, if United Airlines goes out of business, what happens to prices for airline tickets -- American Airlines wants to know!
Management Consulting Prep
JULY 18, 2019
The post Case Interview Examples appeared first on Management Consulting Prep. Where to find case interview? Must-be this article. Case Interview General
Management Consulted
FEBRUARY 24, 2019
The post MECE Framework: Case Interview Example appeared first on Management Consulted. The Mutually Exhaustive Collectively Exhaustive (MECE) framework is an important problem structuring principle that consultants use to organize data efficiently and comprehensively. In this article, we will cover how to utilize MECE in a case interview setting. To watch a video … Continue Reading. Case Interview case interviews consulting interviews
Steve Shu Consulting
JULY 1, 2018
Here are some examples: AIG Behavioral Science Team. Here are some firms and practice groups in the behavioral science and economics space: Behavioral Insights Team – Home – Behavioural Insights Team. BEworks – Home – BEworks. BeSmart at Boston Consulting Group. BVA: BVA : BVA Nudge Unit. The Decision Lab – The Decision Lab – Behavioral Science, Applied. Disclosure: I am formally an advisor there). Digitai – Digitai (Disclosure: I work there).
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Martinka Consulting
SEPTEMBER 27, 2019
The post Buyer Fever – An Example appeared first on Martinka Consulting. We all get it, actually many times. It could be something simple like a gym membership (those 20 pounds will melt off), a bit more involved like a car (I sure look cool in this red car), or even a house (wow, what a kitchen). When buyer fever hits about a business it can be trouble. I’ve seen my share of buyers with the fever, and it usually comes back to haunt them.
CaseInterview.com
MARCH 20, 2019
For example, when I was given this question. I wrote out this example fairly quickly and hopefully I did not make a math mistake. This article provides the answer to this estimation question. The process and rational I use to answer this specific estimation question can be used as a template to practice answering other estimation questions as you prepare for case interviews.
Alan Weiss
SEPTEMBER 14, 2019
If you’re writing articles without real-world, contemporary examples to which the reader can relate, you’re merely writing conceptual pieces which aren’t going to persuade prospects. Think of all those awful college professors who merely read their notes and pontificated. You were obligated to take their classes, and you were paying them. No one is obligated to hire and pay you. Business of Consulting
Management Consulting Prep
MARCH 25, 2020
Management Consulting Resume Management Consulting Resume Examples That Actually Passed The Consulting Resume A-Z article gave you all the basic knowledge needed. In this article, I will show you a great consulting resume sample that actually went on to the next rounds … Management Consulting Resume Examples That Actually Passed Read More » The post Management Consulting Resume Examples That Actually Passed appeared first on Management Consulting Prep.
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Management Consulting Prep
MARCH 5, 2020
The post Estimation example & tips with mental math appeared first on Management Consulting Prep. Estimation question & market sizing in case interview. Case Interview Case Interview Tips & Techniques
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Rick Conlow
FEBRUARY 18, 2020
He did it by leading by example. The Negative Impact of Not Leading by Example. I have discovered that managers, who do not lead by example as described above, generally don’t build strong, high performing teams. On the other hand, leaders that lead by example are servant leaders. Nelson Mandela’s Definition of Leading by Example. Certainly, leading by example means positively influencing others through modeling the way.
CaseInterview.com
JUNE 11, 2019
The following is an example of a real-life case a student received and my advice on how to go about solving the case step by step. Blog Case Interview Articles Case Interview Frameworks case interview examples case interview frameworks case interview sample sample case interviewsQuestion: I have a question regarding a case I had in an interview with AT Kearney last month.
Think Customers
JUNE 25, 2018
Smart retailers know that consumers expect omnichannel experiences. Even smarter retailers understand that the omnichannel goal posts continue to move. Retailers must balance business objectives with the flexibility to adapt to new customer expectations and industry trends. Here are the key trends that define omnichannel experiences today and in the near future. A few years ago, an omnichannel experience meant displaying the same deal across a brand’s website, app, and store and allowing cus
CaseInterview.com
DECEMBER 4, 2019
I came across a really interesting example of using the 80/20 rule to learn a new hobby of mine — songwriting. For example, take a song like Adele’s "Rolling in the Deep." One of my favorite interests is to apply the 80/20 rule to everyday life. In consulting work, we’re constantly trying to do the most critical 20% of the possible work to yield 80% of the results or insights.
Management Consulting Prep
SEPTEMBER 22, 2019
So how to stand out from a … Ultimate Management Consulting CV Guide And Example Read More » The post Ultimate Management Consulting CV Guide And Example appeared first on Management Consulting Prep It seems like writing consulting CV is the “easier” part of the recruiting process ‘cause we have all the time in the world to do it. But make no mistake about it. Everybody else also has that luxury and that makes the bar for your CV extremely high.
CaseInterview.com
MARCH 21, 2019
I recently received an email from a reader about being rejected by Boston Consulting Group and how he could have better answered the case interview question he was given to help him practice for his next interview with Bain. The case interview question he was given was this: A trucking company in China had GM as their main client and had heard rumors that the contract wasn't going to be renewed, the trucking company wanted to know whether to do anything about this.
Management Consulting Prep
APRIL 11, 2018
The post Ultimate Management Consulting CV Guide And Example appeared first on Management Consulting Prep. It seems like writing consulting CV is the “easier” part of the recruiting process ‘cause we have all the time in the world to do it. But make no mistake. Consulting Resume
Tom Spencer
JANUARY 12, 2019
What I’m going to do in this post is to give two examples of conclusions to the same case interview: one okay conclusion and one great conclusion. This article focuses on how to conclude well in your case interview. It is part 2 of a 3 part series. If you haven’t read part 1 yet, what I would do is pause reading and look at the following link , which covers four great tips on how to improve your conclusion.
Seth Godin Blog
FEBRUARY 5, 2020
The lunch you’re catering at the wedding of a friend next week—who’s it for? It might be for the bride, because it’s her special day, so you should make food she likes. It might be for the guests, because they’re the guests, and so you should make something universally appreciated, the way you’d cook for a Super Bowl party. It might be a chance to have an audience for your food, so you can cook to impress.
Tom Spencer
AUGUST 10, 2019
Give me an example of a good product and not so good product. The browser extension automatically highlights grammar errors as the user types in a browser application, like Gmail for example. It shows examples of how to correct mistakes. For example, help with structuring content, checking the logical flow of the writing, proposing layouts and designs, suggesting images that complement the copy, and the creation of slides for a presentation. Question.
CaseInterview.com
APRIL 17, 2019
For example, you could state how you developed a quality management system that resulted in lower production costs, from $40 per unit to $30 per unit (or something similar). Resume Example. Here is an example resume that highlights the tips I’ve mentioned. Reference this example as you create your resume to make sure that you hit all of the important sections.
Tsavo Neal
MAY 20, 2019
EXAMPLE CONSULTING WEBSITE: David C. EXAMPLE: Whizard Strategy. EXAMPLE: Val Geisler. In this consulting website example, notice the buttons. The post 3 Things Your Consulting Website MUST Do In 2019 (Checklist & Examples) appeared first on Tsavo Neal. “Designers/marketers have no idea what a website should do for a consultant.”. If you’re struggling to find a marketer or designer who understands what your consulting website should do, you’re not alone.
Management Consulting Prep
MARCH 27, 2020
Management Consulting Resume Cover Letter for Management Consulting: The Complete Writing Guide and Examples Every year, big 3 consulting firms McKinsey, BCG, and Bain (MBB) receive a million applications and reject more than 80% of them even before interviews.
CaseInterview.com
MARCH 21, 2019
An example of this is the McKinsey Problem Solving Test which evaluates your data sufficiency skills (among others). For example, maybe Volvo brakes don't work so you crash all the time, but the Volvo body frame construction and airbags are excellent. One of the skills that's being tested during a case interview is something I call data sufficiency. Basically, you have a bunch of data and the question is do you have ENOUGH data to make a particular conclusion.
Strategy+Business
JUNE 6, 2014
Learning what other companies did to acquire firms in developing economies may help U.S. companies be more successful in their own M&A efforts
Tom Spencer
APRIL 22, 2018
The UK government, for example, created a whole department devoted to formulating policy influenced by the theory. Nudge Theory , first formulated by the Nobel Laureate Richard Thaler , is part of a relatively new field called behavioral economics, which believes that subtle conditioning and small environmental changes can actually have a profound impact on the behavior of individuals and groups.
Alan Weiss
SEPTEMBER 19, 2020
” Business of Consulting Marketing ExamplesThe future of selling is all about evangelism. Are your customers and clients “marketing” for you by word-of-mouth and unsolicited referrals?
MishTalk
FEBRUARY 2, 2014
Here is an interesting video regarding the effects of Obamacare on all the employees at at Simonetta''s auto repair shop in Pennsylvania. The video was made by a local TV station. A couple premiums dropped, but most went up, some by huge amounts. In every case deductibles soared. Every person involved is worse off than before.
MishTalk
JULY 11, 2016
IMF head Christine Lagarde has flip-flopped twice on the impact of Brexit. Ahead of the vote on Brexit, IMF head … Continue reading → Economics
Harvard Business
OCTOBER 5, 2016
Fortunately, a simple question evokes greater self-awareness and actionable insights than the typical 360 degree review: How do you lead by example? For one, it non-judgmentally presumes people already lead by — and thus set — good examples; for another, it pushes leaders to think harder about how others interpret their behavior. In over 15 years of asking, no one has ever said they can’t, don’t, or won’t lead by example.
Cheryl Cran
NOVEMBER 6, 2018
The post Examples of Automation Software in Today’s Workforce appeared first on NextMapping. Robotics, automation, artificial intelligence, augmented reality, and virtual reality are all quickly influencing and shaping the future of work. As shown in Workfront’s State of Work report, knowledge workers today want automation software, with 86% of U.S. workers believing that the rise of automation will help us think of work in new and innovative ways. As a result […].
Rod Burkert
AUGUST 8, 2018
Today, let me pass on a trick that someone passed on to me so you can stop rowing … an example of how it works … and proof that it does work. Now … here is THE EXAMPLE. How to 10x your goals: the trick, the example, the proof. This is a follow up to my last video … about how to get stuff done. And I offer this analogy when it comes to getting BIG STUFF done. We imagine ourselves in a rowboat. To get anywhere, WE have to row.
CaseInterview.com
AUGUST 12, 2020
Examples:Some assumed it was poor students that declined to re-enroll for school and proposed tuition discounts or financial aid solutions.Others assumed it was international students that perhaps had visa problems and proposed government policy solutions.
Harvard Business
NOVEMBER 19, 2018
They fall under three categories: the environment you create, the expectations that you have, and the example your choices and actions set. As an employee, I’ve seen this happen many times, but my favorite example comes from Fried and his co-author, David Heinemeier Hansson, in their book about productivity, It Doesn’t Have to be Crazy at Work : “It takes great restraint as the leader not to keep lobbing ideas at everyone else. Examples.
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