Case Interview Preparation & Management Consulting | Strategy

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401: The unspoken truth about strategy (Monday Morning 8 a.m. #21) Apr 05, 2021

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Hello everyone! This is Monday Morning 8 a.m. (#21), a weekly newsletter where we distill the insights from all of the distractions, articles, and emails that you receive in your inbox every day. In this newsletter, we're going to focus on four major themes from last week's news. To listen to the audio version of this newsletter, search for "Strategy Skills" in any podcast app. To get a written copy with links to mentioned articles sign up here: www.firmsconsulting.com/promo

400: The six tools of successful leaders (Monday Morning 8 a.m. #20) Mar 22, 2021

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Hello everyone! This is Monday Morning 8 a.m., a weekly newsletter where we distill the insights from all of the distractions, articles, and emails that you receive in your inbox every day. In this newsletter, we're going to focus on four major themes from last week's news. To get a written copy with links to mentioned articles sign up here: www.firmsconsulting.com/promo

399: The perils of low costs (Monday Morning 8 a.m. #19) Mar 15, 2021

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398: Consulting case interview (McKinsey, BCG, Bain) example: French dairy farm wants to increase revenue Mar 09, 2021

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We hope you will enjoy the "Consulting case interview (McKinsey, BCG, Bain) example: French Dairy Farm Wants to Increase Revenue" episode. This is excerpt from TCO IV with Sizan, episode 33. This is a market share case. If we gave Sizan a case about a factory she would find it easier to increase production. But it is not as easy when it comes to dealing with animals. This is a case with production element. The part we expect candidates to see is that this is a case about stealing market share. To steal market share there are 4 things you can do. How do you steal market share?

1. Price

2. Place

3. Promotion

4. Product.

The 4 Ps of marketing. You need to think about the case. Ask yourself what are we trying to do. We got a dairy company. We want to sell more. What does it mean to sell more? We basically want to increase our market share. How do we take market share? Every single case can be reduced to either increasing revenue or cutting costs. If you trying to sell more milk, you are trying to increase revenue. This is a revenue case where we specifically want to focus on volume. Milk is a commodity. Even organic milk is a commodity. Remember you need to follow the right process during a consulting case interview when you are preparing and going through interviews with companies like McKinsey, BCG, Bain, Deloitte etc. In fact, learning and mastering this process will also greatly help you when you start working as a management consultant, and even once you exit consulting. You can't just rely on your knowledge and experience. Your experience and knowledge can get outdated, but if you follow the right process you are giving yourself the best chance to be a strong problem solver.

397: Rethinking M&A (Monday Morning 8 a.m. #18) Mar 09, 2021

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396: Apple disrupts a decades-old value chain migration (Monday Morning 8 a.m. #17) Mar 09, 2021

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395: The single biggest strategy shift for the next few decades (Monday Morning 8 a.m. #16) Feb 22, 2021

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394: Apple car & Amazon's core strategy (Monday Morning 8 a.m. #15) Feb 15, 2021

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393: Defense is not a strategy (Monday Morning 8 a.m. #14) Feb 08, 2021

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392: How to create a career strategy for an executive (Monday Morning 8 a.m. #13) Feb 01, 2021

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