In this article, I will further explain this by using some illustrative examples.
Questions and Answers You will need to prepare for an interview where case study questions will be asked. While preparation is required for every job interview, extra time is required to adequately prepare for case study interviews.
Providing an answer to a case study question involves much more than simply recounting the issues and problems set forth, it includes identifying the most important issues, employing sound and logical analysis, developing an action plan for addressing the problem s and making recommendations.
They want to see if you can identify what information is important, and what is not. Occasionally, interviewers provide no detail at all to test your analytical skills when adequate resources are unavailable.
Interviewers asking case study questions are primarily concerned with how effectively you can analyze a problem, determine key factors, brainstorm ideas, and propose workable, pragmatic solutions that are supported by your analysis.
When answering a case interview question, you want to showcase your ability to analyze a situation or business dilemma, identify the important issues, and develop sound conclusions that flow from your analysis.
The most important thing is that your approach to answering the case interiew question is structured and logical. The first thing you want to do is identify the parameters and factors, the then determine which are key to the case output.
From your initial review of the case information you determine the main parameters to consider are total revenues and total costs. You determine the factors influencing total revenues are average price of goods sold and volume of goods sold. And for total costs, fixed costs and variable costs. With both the case parameters and factors clearly identified you give yourself the ability to steer the conversation and begin to identify possible solutions.
Building a graphic representation tree, decision diagram, etc. Most frameworks incorporate universal concepts that can be applied to various business issues. Show your interviewer that you understand these business concepts well enough that you can apply them to the specifics fo the business issue being presented in the case.
To perfect your ability to perform well in case interviews, we recommend reviewing each question and then developing a logical framework or approach for answering each one. Standard Case Interview Questions As is the case in real life, there is usually no single correct answer to standard case interview questions.
Below are some common standard case interview questions that provide great practice for case interviews. What would be your approach for introducing a product into a foreign market? What are the risks and benefits to consider i. Company ABC is struggling, should it be restructured? What is the most important problem the company is facing?
How would you recommend the company address this problem? How would you turn this company around? Provide your reasoning for your recommendation s.
A toy company has been experiencing decline sales for the last two seasons.
Research suggests that introducing several new product lines is the solution. A large chain of retail clothing stores is struggling with profitability. Can this company be turned arounds? How would you go about deciding?
A new Eddie Bauer Store is being opened up in London. Discuss all the marketing issues regarding the opening of this new location. To perform well on standard case inteview questions you should be able to: Take in information quickly and remember what you hear. Identify key issues, prioritize and logically solve problems.
Make quick, yet accurate, decisions. Be aware of resource constraints. Be original and creative. These types of case interview questions are popular, and actually not difficult to answer if you practice.
The following a few examples of market sizing case interview questions. Please provide the total weight of a fully loaded Jumbo Jet at the time of take off. How many light bulbs are there in the United States?Eaton and Dakota State University.
See how Eaton and Dakota State University (DSU) Doing More with Less · Integrated Solutions · Business Continuity · InnovationSolutions: Data Center, Products, Server Room, Solutions Home and more. Case Interview Question of The Month This was recently given during a BCG Interview on the 3rd July Estimate how many taxi's there are in New York City.
Clicking further into a sample case study, you can see the case study in it’s entirety. These case studies are powerful because they are written in the first person from the customer. They each appear to have a different style and tone and come at the program from a different angle.
case study 4: fiat: rebirth of a car maker 1The difference between year and is illustrated as follows in the below SWOT analysis table.
SWOT – Stands for . Note: if you are looking for some sample Q&As for typical case study interview questions, you may visit our Case Interview Questions page. This article is purely devoted to the illustration of using real-life case studies for business intuition purposes.
2 Case study example | “Footloose” Work through these questions on your own, using the text and exhibits in the preceding slides. An What changes would you recommend to Duraflex’swork boot strategy? Why?
Would you recommend they introduce a sub- branded boot line?