Acing a consulting case live so you can just copy me (BCG R2)
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- Опубліковано 12 чер 2024
- Link to the case in this video (page 58): economics.virginia.edu/sites/...
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#consulting #managementconsulting #caseinterview
TIMESTAMPS
0:00 Intro
0:31 An important note
0:56 Case introduction
1:19 Restate context and ask clarifying Qs
4:38 Develop a framework
9:07 Analyzing unit economics
12:45 A common mistake people make
13:59 Analyzing customer preferences
15:20 Brainstorming portion
18:20 Synthesis and closing the case
Current Sub Count: 1,897
I love how calm you speak and down to earth.
Thank you 🙏
I'm blown away by the structure of the video. It is incredibly organized and easy for beginners to follow along your thought process. I really enjoyed and learned a lot from the video and has been hooked ever since randomly coming across one of your videos.
Thank you so much!
Wow thanks for the comment!! I’m glad you found the video super helpful, I’ll keep this in mind as I plan for future content
Great video, Matt! Your content consistently impresses with valuable insights. Thanks for your dedication, keep up the excellent work!
thanks Mike! Appreciate the support - stay tuned for more!
Thank you so much Matt! I'd love if it there would be more videos like this in the future.
Thanks Enrico! Will keep this in mind for future vids 🙏
Hey Matt, havent had the time to watch your videos in a while! I'll catch up on them today! You seem like the type of guy i'd enjoy having around me. Have a great day!
Hey Emil! Good to hear from you - hope you’re doing well!
I have done this exact case, love seeing your perspective on it!
Thanks Sean! What a coincidence!
Great video Matt! Would you mind making a video discussing the different types of frameworks and when/how we should use them?
Thanks man! I’ll keep this idea in mind for future videos
Thank you so much Matt!
Glad you liked it!
Great video Matt!
Hey Sean! Appreciate the kind words, glad you found it helpful. Hope you’re enjoying winter break!
Hi! I’m a high school student trying to learn more about the consulting industry and your videos have been really helpful for me. Thanks and keep it up!
Glad you find them helpful!
enjoy your videos, keep up the good work.
Thanks David! Appreciate you being here!
We need more videos like this one please
Noted! Thanks 🙏
Awesome video Matt, can't wait to see more case walk-throughs . Any tips on how to better brainstorm solutions?
Thanks Rafael - glad you found it helpful. Getting good at brainstorming is just going to come through practice and also developing your "business sense", which means understanding what options a business has in different situations. It's hard to teach this, so I would just focus on reading through the solutions to cases with brainstorming sections and trying to understand and remember each option so that in the future you have more ideas to draw from. Hope this helps!
you're the best, thanks!@@matthuang21
Hi! In the bullet points you put differentiators twice. I understand you can't repeat items. What would you change there?
Excellent video Matt! When you have time would you do another video of this type maybe with a different case?
Anyway thanks a lot for this great video 🔥
Thanks for the suggestion - will keep this in mind!
you should definitely continue this cracking case interviews series! i love the video
Glad you liked it! This is just the first of this type of video, planning to make more - stay tuned!
This type of framework is also helpful in interviews for big tech strategy & ops roles
Good to know 🙂 will keep this in mind if I ever interview for tech roles. Thanks for watching!
Suppose you didn't have a pillar specifically for the product's unit economics. In that case, in a candidate-led interview, would the interviewer still try to steer you into that direction so they can ask you to analyze data?
For example, instead of 'unit economics' what I noted down in my memo was "exploring other price lines for CupCo's products".
In most cases, yes I think the interviewer would try to steer you in that direction, especially if analyzing unit economics was a big part of the case. Whenever you think of price, you should also consider costs as well, since those two go hand in hand when we think about profitability.
hey! love your videos and energy.
Why did u pick this specific framework (CCCP)?
There are so many frameworks out there, how would u know which one to pick?
Thanks for the comment! I picked it because it's easy for beginners to learn and works with 90% of business cases. There are other frameworks that could work too.
So i really liked the cases. Its been years i even did one. With the conclusion i believe your stance could be made first then followed by the supporting evidence as to why you make the recommendation and then follow up with risk or and next steps
Hey Owura! Thanks for the comment, glad you liked the video!
I see a lot of synthesis structure with the recommendation before findings in the spirit of top down, what are your thoughts on this?
Either method works, you can do it top down or bottom up as long as you keep it concise
Hi Matt! Thanks for this breakdown - super helpful. I had two questions if that’s alright.
1. How would the case have looked if you didn’t happen to start with the product bucket of the framework? I know the keys to the case were in this bucket, so if you started off with competitor for example would you just be gathering general data until you got to product? And is that why the case in relatively shorter than average (I tend to see 30ish mins)
2. Do you think taking a minute or two to go through the entire framework has value? I hear some advice against it as it might come across like you don’t know how to apply a framework but rather just memorized them all
Thank you so much for your help!
1. If I didn't start at the product bucket, I would have asked about a different one (e.g., customer) and the interviewer would have likely given me feedback redirecting me away from that bucket (e.g., "we don't have any data on price elasticity"), and i would have continued down my framework until I uncovered that we have product level data available with which to conduct the analysis. This is also why it's important to invite the interviewer to react, even if it's a simple "what's going through my head right now is that...how does that sound to you?" and to be aware enough to notice that if there's a lack of data in a certain area, it may be an indication that you should try another bucket in your framework (don't get too caught up on one). Hope this somewhat makes sense.
2. I see no issues with restating the context before your recommendation as long as you are concise - for me it helps ground myself and establishes clear context for what you will say next. Take this with a grain of salt, but I have personally never received negative feedback regarding this practice. That said, you can definitely deliver the synthesis at the end without the context in the beginning (personal preference).
Does the interviewer just evaluate your results or is it also about how you are adressing the topic and how u structure your approach?
Hey Max! How you address the topic and structure the approach is the most important - as long as you can justify your thinking and demonstrate you can think logically about a problem, the interviewer will view that positively. That said, they usually have an idea of what the general "right answer" or direction you should be headed in is, so yes - it does matter what your results are. This is especially the case if there are lots of quant sections where you either do the math right or wrong (e.g, if you're given an exhibit with specific numbers and asked to calculate how many units the company needs to sell to break-even). Hope this helps!
@@matthuang21 thanks for your fast reply
woohoo! pro ~ talk to you soon,
Love your well structured thoughts. Draw on knowledge from mircroeconomics /financial ratio /strategic management 😊
Hey Yong! Glad you found it helpful - appreciate the kind words