The frameworks will be helpful to answer certain types of cases, depending on the type of case.In reality, few case interviews or real-life business situations cover just one concept or business problem, so you have to have the flexibility to apply a range of concepts/structures.Case studies offer a method to evaluate who the firm believes will be the best Consultants among many qualified and talented candidates.
The “3 Cs” approach is to address any Case situation by assessing the: involved in a case (for example: how to increase sales resulting from any profitability optimization case, deciding on an approach to enter a market, etc.).
When combined with the 3 Cs, this framework can cover many topics and as you practice more Case Study questions, you’ll develop a better sense of when and how to draw from these frameworks.
For example, a Company bringing a new product to market would require a market size analysis, competitor analysis, as well as understanding the key customer segments.
The more you practice, the easier the cases will become and the more articulate and structured you’ll be in your answers.
Here are the Five Forces in detail: This simple framework has been around for a long time as a way to think about any industry or company, and applies broadly to a wide range of Case Study questions.
If you compare the description below to that of Porter’s Five Forces above, you will see that there is substantial overlap.
Before we look at individual Cases, it is important to begin by looking at analysis frameworks that commonly can be used to address Case Study questions.
In this chapter, we will outline some of the core frameworks and some additional Consulting concepts that are important to grasp and will form part of many interviews.
Instead, it is typically expected that you draw on the concepts encompassed by these frameworks and/or the concepts that we will outline in the next chapter, which breaks down the common Case Study interview question types.
In addition to these frameworks, there are a number of other frameworks that you will read about on certain Consulting firm sites, but you will probably not be expected to know them in detail or apply them specifically in an interview.