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Case Interview Preparation Package Introduction and Guidelines to Case Interviews Introduction and Guidelines to Case Interviews Basic Frameworks Basic Frameworks Summary Summary 1 .
we have found that the best way to accomplish all of these objectives is to conduct three 1 hour interviews. In the pages that follow. Now that you have successfully passed our first screening process. a case for you to work through with the interviewer and some time to answer any questions you may have In each of these interviews. we will be looking for you to demonstrate: • • • • • Confidence Poise Maturity Achievement Ambition • • • • • Creativity Problem solving and analytic capabilities Teamwork Leadership potential Interest in consulting and Applied Value 2 . Each interview will consist of some discussion of your experience. we want to make sure you are as prepared and as comfortable as possible with our next screening process. we will describe our interview process and provide guidance for how to successfully navigate the case portion of our interviews Applied Value Interview Process The purpose of the interview is to: • Meet and get to know you • Develop an understanding for the type of work environment that is likely to make you both successful and happy • Assess your potential as a management consultant • Assess your interest in working for Applied Value Over time. Your strong academic background and work experience make you a great candidate for a position with our firm.Case Interview Preparation Package Introduction and Guidelines to Case Interviews Introduction and Interview Process: Introduction Congratulations on being selected to interview with Applied Value.
Case Interview Preparation Package Introduction and Guidelines to Case Interviews Guidelines and pointers for case interviews: The best way to ensure that you perform well in all aspects is to follow a structured case approach. or make a mental note once you hear something you do not understand or find interesting • Try to maintain some level of interaction with the interviewer Clarify Case Instructions • Restate objective – what interviewer has just asked you to do • Ask any clarifying questions about the information the interviewer has just presented to you • Ask for any additional data you think you might need in deriving the best possible answer Organize Approach • Take a moment to digest all the information presented to you Explore Issues • Provide the interviewer with an overview of your approach. ‘Mutually Exclusive. summarize everything and provide the interviewer with a ‘Key Takeaway’ in a sentence or two • Answer the question. Below are guidelines to help you prepare for your case interviews Summarize Conclusion Summarize Conclusion – How does your solution – How does your solution enhance companies’ enhance companies’ shareholder value shareholder value • As the case time comes to an end or when your each an end to the issues and solutions you have identified. Please keep the overarching goal in mind as you progress through each thought process. ‘how does your solution/recommendation enhance client companies’ shareholder value’ Listen to Case as Presented • Listen carefully to the interviewer as he/she presents the case to you • Take down a few notes on a piece of paper. Applied Value’s main focus in every consulting engagement is to enhance client companies’ shareholder value. you should issues that you listen intently and decide to plan to explore reformulate your hypothesis or continue down on your path • You may want to draw graphs. diagrams to • Explore and identify all possibilities. ‘plan of attack’ • Begin presenting your approach by identifying the issues at hand • Organize your thoughts (it is okay • Structure your presentation (one to ask the issue at a time) to the interviewer interviewer to give you a moment to • Listen to the interviewer’s think) responses to your answers • Formulate a • If the interviewer guides you in a hypothesis on different direction. charts. help you structure Collectively Exhaustive’ (MECE) your answer 3 .
Case Interview Preparation Package Introduction and Guidelines to Case Interviews Introduction and Guidelines to Case Interviews Basic Frameworks Basic Frameworks Summary Summary 4 .
Return on Invested Capital • 2.Case Interview Preparation Package Basic Frameworks Frameworks for addressing cases: We have picked three basic frameworks to help you prepare for you case interviews (outlined in the next 3 pages): 1. these frameworks are to be used to help you structure your thought process. hence. They are not to help you to come up with ‘cookiecutter’ answers 5 . Fundamental Profitability Model These are examples of frameworks that you can use to help structure your evaluation of cases At Applied Value. Porter’s five forces • • 3. we value ‘out-of-the-box’ thinking.
Case Interview Preparation Package Basic Frameworks Return on Invested Capital Model: This is a metric used to evaluate the financial success of a company. looking at both its return on sales and capital turnover 6 .
Case Interview Preparation Package Basic Frameworks Porter’s Five Forces: This is used to assess industry structure and attractiveness. It is often helpful when you are asked to decide whether to enter a market or industry 7 .
Case Interview Preparation Package Basic Frameworks Fundamental Profitability Model: This is helpful in diagnosing the source of profitability problems. It involves breaking down the profitability key drivers. This can be done at the overall company level or at the specific product line level 8 .
Case Interview Preparation Package Introduction and Guidelines to Case Interviews Introduction and Guidelines to Case Interviews Basic Frameworks Basic Frameworks Summary Summary 9 .
• Explain and identify approaches and assumption in coming up with your hypothesis • Think and explore all possible options MECE. ‘does what I am saying make sense?’ • Finally.Case Interview Preparation Package Summary Summary: Key points to remember in both preparation and actual day of the interview • Utilize frameworks to help you structure your thought process. then think ‘top down’ .Applied Value welcomes you to the realm of Strategy and Management Consulting! 10 . collectively exhaustive’ • Listen to interviewers’ feedback • Be prepared to attack cases that utilizes other frameworks outside of this package • ‘Gut check’ ask yourself. formulate your hypothesis. and identify key issues • Think ‘big picture’ first. be assertive . try to link your recommendation and solution to shareholder value creation! Think ‘out-of-the box’.identify the main issues first. be enthusiastic. ‘mutually exclusive. then work your way down to other issues related to the main issue.