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Case Interview Fundamental Case Interview Framework
A quick glance
- Definition of case interview framework
- Common misconceptions
- Common frameworks
- Your Framework
1. Definition of case interview framework
2. Common Misconceptions
3. The Most Common Framework
A. Comprehensive Framework
B. Mini Framework
External & Internal
When you need instant structure or when you are not sure which approach to use, breaking down factors into external and internal groups is a good place to start.
- The “internal” often refers to the company itself, but sometimes it can refer to an individual, a department, or any entity.
- The “external” then refers to anything outside of that entity.
BCG 2×2 framework
A BCG matrix helps business to decide which areas of business deserve more investment and resources.
To create your matrix, first identify the two criteria of your priority and name horizontal and vertical line correspondingly.
Qualitative & Quantitative
Though can be widely used in various contexts, this framework is particularly good for structuring reasons and evaluations.
For example, in an M&A analysis, you have to evaluate the stand-alone value of the targeted company. A very good way is dividing your work into two groups:
- Quantitative factors like profit, growth rate, debt ratio, etc.
- Qualitative factors such as brand name, human resources, strategic position, etc.
Cost & Benefit
Like other mini-frameworks, this one can be applied in many different contexts. However, the Cost & Benefit framework is particularly helpful in decision making.
Comparing costs & benefits between options based on your priorities help you to choose the most suitable approach.
See our video above for a more detailed explanation!
4. Your framework
“How do you utilize all the country’s resources to foster the economy?”
This question apparently can not be applied with any aforementioned framework. The fact is that in real life, consultants rarely use pre-defined frameworks to solve their client’s issue. Rather, they create a unique framework based on MECE principle specific to their problem. This may sound interesting but indeed intimidating and challenging.