Structural thinking really significantly contribute to consulting work 😂 i love how u structured the idea by peeling off the layers with quantitative and qualitative method approach
Hey Matt I really found this video helpful and how you showed us your notes and explained every step thoroughly! Kindly consider these two requests: 1- Can you make this a series in which you also solve difficult cases? 2- I would love to see your thought process before looking at the answers, so can you solve a case you've never read? Again thanks Matt and keep going!!!
You are just amazing Matt. Your videos have been helping me alot on understanding more the world of consulting, and on how to prepare myself. Love from Brazil
Hiii. I just wanted to say i have just started my masters in tgis consultant field and these videos are much more helpful than what my professors are teaching. Keep uploading and i will definitely suggest these videos to my friends.
Great video!!! As someone who is looking for a job in consulting, these videos are a massive help. I would love to see another case breakdown in the future!
Awesome one Matt! Love your enthusiasm here which kept me engaged compared to numerous monotonous engagement I've seen in other videos. Love to get your thoughts on some of my additional considerations Clarifying Qs: To add a question on understanding their business model. Logistic is a broad term that can be used in so many settings. Are they in the cold supply chain, do they deliver primarily commercial goods or Amazon like packages. Structure: Would actually break them down into Total contribution margins + Fixed cost. Where CMs are main shipping routes * contribution margin of each route (Price - variable cost: labor, fuel, etc.) Reckon this keeps a clean distinction between fixed expenses and the costs to serve. Brainstorming: If we were to add structure here, we could put (i) Attract more workers (ii) Reduce turnover in existing workers (iii) Bonus: Reduce reliance on workers such as partnering with local distribution co., pick up options
I felt like a dumbest person. At every step, you just proved my assumption/conclusion wrong. For the first time during my MBA journey, I came across a perfect way to solve a case study, and that too in the easiest way. PS: One request: Please use computer Fonts instead of handwriting in Notepad because, at some points, I couln't read some words, especially the last conclusion part of 5 points.
I ran through this and I could have added another bucket in the framework to look at competitors/the market and seeing if the trucker shortage is market-wide and if this is the case, how are competitors reacting
I have a question concerning depreciation. In the example it said its straighline depreciation, bit theyre used untill both have a value of 0, so why does depreciation matter in the vehicle cost table since both are used untill theyre worth nothing?
Very helpful video Matt, you're an awesome teacher. I was wondering if it would be a reasonable answer to say that (given the data of the table) they should transition to hybrid trucks, since they would have a positive impact on the fcff (depreciation being a non cash expense)? I know the case is focused on reducing costs, increaing margins and etc but given that both trucks offer the same impact on the profit, the hybrid trucks would at least have a cash flow bonus. Anyway congratulations on the great content!
Also, I understand you say that you think oil price won't go up dramatically in the future is it better if you state your reasons why? For example The shift to renewable energy (solar, wind, electric vehicles) reduces global oil demand over time. Or should you only say we don't think the price will increase anytime soon? Thank you.
sorry this may be a very stupid question but why have we added the depreciation cost? doesn't depreciation just show the value of the truck after 10 years?
Such an amazing video and very simple to understand. i am engineering professional and trying to switch to consulting. Any suggestions for that? Also can you make a video on how to switch to consulting from some other career.
Hey Harsh! I’ll add this video idea to my list. Main thing for switching into consulting from a different field is you need to either (1) do a top MBA or (2) network and apply on your own when the hiring market is hot.
Yes - I personally used it when I was recruiting vs Case in Point, but I'd say that case in point probably works for some people otherwise it wouldn't be so popular
Hello, so for me interview i was told that they will give me 45 minutes to read then there will be a group case discussion, do i still need to ask clarifying questions ? what should I expect ?
It definitely can't hurt to ask clarifying questions even if it is a group interview. That said, I'm not sure why you would be having a group interview for a consulting role - is this for Bain?
@@matthuang21 it sure is - the easiest, quickest, and biggest expense to cut. My entire career (almost) has been running org restructures, and usually the strategy is from MBB and ALWAYS involves job cuts. “When McKinsey comes to town” is a recommended read if you haven’t yet 👍🏼
Bro you are doing good but you can do better. To be honest it felt nothing like wow and no company is going to pay for this kind of suggestions in fact they will do it by themselves.. where was the solution sir… hoping for the best …..
Such a pleasant personality... I feel less intimidated by my upcoming case interviews now
Structural thinking really significantly contribute to consulting work 😂 i love how u structured the idea by peeling off the layers with quantitative and qualitative method approach
Hey Yong! Glad you liked the analysis!
Hey Matt I really found this video helpful and how you showed us your notes and explained every step thoroughly! Kindly consider these two requests: 1- Can you make this a series in which you also solve difficult cases? 2- I would love to see your thought process before looking at the answers, so can you solve a case you've never read? Again thanks Matt and keep going!!!
Thanks! Will keep this in mind for a future video
You are just amazing Matt. Your videos have been helping me alot on understanding more the world of consulting, and on how to prepare myself. Love from Brazil
Hey Alexandre! I really appreciate the support
Hiii. I just wanted to say i have just started my masters in tgis consultant field and these videos are much more helpful than what my professors are teaching. Keep uploading and i will definitely suggest these videos to my friends.
Thank you! All the best with your masters!
omggg so glad discovered your channel before my interview :)
Hey Jenny! So glad you found it helpful!
Great video!!! As someone who is looking for a job in consulting, these videos are a massive help. I would love to see another case breakdown in the future!
Hey Joey! So glad you liked the video - will definitely do more breakdowns in the future
Awesome! Your solving always motivates me to keep it logical and not so complicated
Awesome one Matt! Love your enthusiasm here which kept me engaged compared to numerous monotonous engagement I've seen in other videos. Love to get your thoughts on some of my additional considerations
Clarifying Qs: To add a question on understanding their business model. Logistic is a broad term that can be used in so many settings. Are they in the cold supply chain, do they deliver primarily commercial goods or Amazon like packages.
Structure: Would actually break them down into Total contribution margins + Fixed cost. Where CMs are main shipping routes * contribution margin of each route (Price - variable cost: labor, fuel, etc.) Reckon this keeps a clean distinction between fixed expenses and the costs to serve.
Brainstorming: If we were to add structure here, we could put (i) Attract more workers (ii) Reduce turnover in existing workers (iii) Bonus: Reduce reliance on workers such as partnering with local distribution co., pick up options
All very valid points. Thanks for sharing!
I felt like a dumbest person. At every step, you just proved my assumption/conclusion wrong.
For the first time during my MBA journey, I came across a perfect way to solve a case study, and that too in the easiest way.
PS: One request: Please use computer Fonts instead of handwriting in Notepad because, at some points, I couln't read some words, especially the last conclusion part of 5 points.
You are not dumb! My way is just one way to go about it. Keep practicing and you'll get there!
I ran through this and I could have added another bucket in the framework to look at competitors/the market and seeing if the trucker shortage is market-wide and if this is the case, how are competitors reacting
"How are competitors reacting" sounds very insightful
Matt this is fantastic! This has been an invaluable resource for me! Many thanks
Thanks for the kind works, Harvey!
Question: when they specificied the main cause is wage, why are we drawing in other parts of the
I have a question concerning depreciation. In the example it said its straighline depreciation, bit theyre used untill both have a value of 0, so why does depreciation matter in the vehicle cost table since both are used untill theyre worth nothing?
Very helpful video Matt, you're an awesome teacher. I was wondering if it would be a reasonable answer to say that (given the data of the table) they should transition to hybrid trucks, since they would have a positive impact on the fcff (depreciation being a non cash expense)? I know the case is focused on reducing costs, increaing margins and etc but given that both trucks offer the same impact on the profit, the hybrid trucks would at least have a cash flow bonus. Anyway congratulations on the great content!
Genuinely appreciate your content! Thank you!
I appreciate that! Glad you found it helpful
Thanks for posting these really helpful and insightful videos!
Glad you like them!
Also, I understand you say that you think oil price won't go up dramatically in the future is it better if you state your reasons why? For example The shift to renewable energy (solar, wind, electric vehicles) reduces global oil demand over time. Or should you only say we don't think the price will increase anytime soon? Thank you.
Can you pleas upload more videos like this? it helps me thanks!
LOVE YOU MAN!!! KEEP UP
Thanks Petro!
sorry this may be a very stupid question but why have we added the depreciation cost? doesn't depreciation just show the value of the truck after 10 years?
yo Matt, drop the skin care routine
Hahahah I’ll save the skincare routine for a future video!
The GOAT 🐐
Hey Marko! Really appreciate you stopping by!
Such an amazing video and very simple to understand. i am engineering professional and trying to switch to consulting. Any suggestions for that? Also can you make a video on how to switch to consulting from some other career.
Hey Harsh! I’ll add this video idea to my list. Main thing for switching into consulting from a different field is you need to either (1) do a top MBA or (2) network and apply on your own when the hiring market is hot.
@@matthuang21 how to build a resume for consulting if someone works in different field?
North America includes Canada as its a continent.
wages are a fixed cost btw
Would you reccomend case interview secrets over case in point?
Yes - I personally used it when I was recruiting vs Case in Point, but I'd say that case in point probably works for some people otherwise it wouldn't be so popular
@@matthuang21 thanks!
thank you
Of course!
Thanks matt! Can't ignore that your AI eyes are bit off in this video haha
can you do a BCG one? if not, how would it differ from this one? thanks!
Already put out a video for a BCG case, hope it helps! ua-cam.com/video/57xcFQ3mPj0/v-deo.html
@@matthuang21 oops, thanks!
Hello, so for me interview i was told that they will give me 45 minutes to read then there will be a group case discussion, do i still need to ask clarifying questions ? what should I expect ?
It definitely can't hurt to ask clarifying questions even if it is a group interview. That said, I'm not sure why you would be having a group interview for a consulting role - is this for Bain?
@@matthuang21 I am applying for masters in international management
I’ve paused it at 1:12… Reduce operational costs? There is only one answer.
Every firm: begin the RIF. 😂
Hahaha you know the drill. Jokes aside agreed that reducing the workforce is one of the easiest ways to cut costs.
@@matthuang21 it sure is - the easiest, quickest, and biggest expense to cut. My entire career (almost) has been running org restructures, and usually the strategy is from MBB and ALWAYS involves job cuts. “When McKinsey comes to town” is a recommended read if you haven’t yet 👍🏼
How do we contact you for guidance?
shoot me an email
Whens the next post ⏳
tomorrow!
👍
Hey Victoria! Thanks for stopping by 🙏
Bro you are doing good but you can do better. To be honest it felt nothing like wow and no company is going to pay for this kind of suggestions in fact they will do it by themselves.. where was the solution sir… hoping for the best …..