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🎯 Key Takeaways for quick navigation: 00:06 🎙️ *Introduction to the Consulting Case Interview* - Introduction to the live case interview demonstration by consulting confidante. - The hosts, Shawn Glassman and Dave Ma, are ready to present a live case. 00:19 🕵️‍♂️ *Case Briefing: Hal Panca's Growth Strategy* - Briefing of the case: Hal Panca, a 1930s Chicago gangster, seeks to grow his business. - The case involves exploring strategies to accelerate growth from 20% to over 50%. 01:13 📝 *Summarizing vs. Repetition in Case Interviews* - Importance of summarizing the case instead of repeating it verbatim. - Emphasis on understanding and rephrasing the case prompt in one's own words. 02:06 📈 *Discussing Strategies for Business Expansion* - Strategies for expanding Hal's business portfolio and revenue are discussed. - Consideration of organic growth, entering new industries, and mergers and acquisitions. 04:21 🤔 *Case Analysis and Strategy Development* - Detailed analysis of potential growth strategies and market competition. - Exploration of different pricing schemes and competition to inform business strategy. 07:08 📊 *Interpreting Data and Market Insights* - Analysis of market segments and growth potential, particularly in alcohol. - Discussion on the strategy of expanding alcohol production and exploring new markets. 09:17 💡 *Gaining Insights from Charts and Market Data* - Extracting subtle insights from charts to understand market size and potential. - Analyzing revenue by segment and market size to inform expansion strategies. 11:26 🌆 *Considering Market Expansion to Other Cities* - Evaluating the potential of expanding the business to New York and other cities. - Analysis of market dynamics, competition, and consumer tastes in potential new markets. 13:20 🚀 *Strategic Alliances and Market Entry* - Discussing potential partnerships and joint ventures for market entry. - Evaluating the strategic implications of entering new regions through alliances. 16:22 📊 *Calculating Profitability and Investment Decisions* - Calculation of potential revenue, costs, and profitability of the proposed expansion. - Assessing whether the investment is viable and aligns with business goals. 20:33 🎯 *Concluding the Case and Final Recommendations* - Final analysis and recommendation to expand to Newark as a strategic move. - Emphasis on aligning with the goal of 50% annual growth and long-term expansion. Made with HARPA AI

my favorite ever recorded mock interview

I am lactose intolerant but I can eat cheese (and I love it!)

You both make this look easy man, but the difficult part sometimes is to be able to feel comfortable in front of somebody with poker face, l prefer if client makes faces or agree but a poker face is difficult to read on something that might be too subjective. 1. I would combine ice cream with alcohol :) , offer special ice cream at special cost . 2. Then of course loans for the casino giving out some upfront credit maybe? lol 3. Instead of 4 businesses reduce costs to manage onlyo 2 businesses, food and gamble with loans. Maybe creating a strategy, in which house always wins, like supermartingale of some sort for the casino, having a portfolio of debt from people as an asset for more loans, cut losses and expand icecream booz business. That'd be my crazy hypothesis :) awesome guys, thanks

500gm cheese per week ? No wonder obesity is sky high in US!

Its hard to know how much I eat tbh how do I solve if I dont know how to quantify?

very calm and collected! Great job! Thanks for the video!

Amazing case interview. Thanks for the content

Thank you so much 🥰

Would this be correct if you broke down the customers on a household bases. Example. There are 300M people in US, assume 5 people per house therefore 60M households. Segmentation of household…addicted, normal, non-buying. The continue from here?

"so whats the market size?" - "hmm, let me pull some numbers out of my ass"

This was so well done and thoroughly explained. Thank you.

Murders & Acquisition 😂

woah man these guys only have 4 videos yet they are the best out there

The video was easy to understand. thanks for putting in the work

murders and acquisition :( great attempt though b

Quite some errors in this one. The only takeaway is to visualize the entire equation and present it to the interviewer.

First 3 minutes, and I've already subscribed

Hey, great vid. Thanks. Why did he multiply by 50 and not 52??

ridiculous.

Make more videos please ❤️

How much marijuana was consumed before making this video?

Malort!

Thanks for the explanations! I was actually honestly quite confused about the chart (size of the bubbles and their relationship to the x and y axes, the meaning of the alcohol bubble being bigger than the $10 million Chicago market size bubble, etc.), so I would not have been able to pick up on that insight because of the confusion. What's the best way to ask questions for understanding, and how much are you allowed to question the interviewer on the chart to understand it before you start looking bad?

This type of thinking is called Fermi thinking/ Fermi Problem Solving. If you enjoy solving Fermi Problems, check out fermiproblems.in There are regular posts on Fermi Problems with a variety of sections. There's a newsletter you can subscribe to for a weekly problem.

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Thank you for this! Really was confused about the process as a whole so this really cleared it up for me.

He failed to size the market for WOMEN who eat cheese in the United States as requested in the initial prompt.

Buy real estate and operate business from real estate. Amazing Capital growth will increase profit

Question, why did you provide a solution before understanding the whole business? Ex. If I am going to analyze it, my response would be to ask before recommending. So before I'm going to provide the "organic and inorganic approach, or etc" I'll ask to separate each category first, ex. Alcohol - if you want to grow your business here, more what is the current situation of your alcohol business? it is illegal so what is the "law" in the places you are working on that could potentially ruin the overall business. Gambling - same with gambling, what is your current data etc etc, then once the data has been presented, that's when I will recommend, my key is understanding the past before going on to the future, what do you think of that approach? Sorry, I haven't finished watching I just realize that you recommended first before really knowing their current situation

LOL ...........“COOL, another piece of paper..... interesting”

I wonder if the price of cheese can be can higher for high market like 10 dollars per unit, for middle market 5$ per unit

the percentages are wrong: 20% of a 250 million population = 50 million 75% of a 250 million population = 187.5 million(not 200 million)

volume is low, information is great..

Wonderful video! I have never seen such a clear layout for a case as this chart and it’s totally brilliant. This is really going to help me going forward!

I am a biotech graduate and wish to get a consulting job at BCG or Bain and company Is an MBA necessary for this post or is there another way to go about it??

Can you include restaurants, pizzarias, deli's, caterers, fast food chains, school, college, company cafeterias supermarkets, groceries, and cheese varieties?

Consulting case interviews are not about getting the right answer. Those of you who said this case was easy focused on the mathematical mechanics of getting the right answer. It was about how you approach the case, how you communicate, how you connect with the interviewer that will reflect whether you have the potential to become a successful consultant.

*one question..is this really the level of cases they ask in interview??or did they choose very easy case for this example?? please reply*

I personally wouldn’t bother with working out with profit margin when the question specifically asked for revenue growth

I think it could have been cool if you mentioned prohibition and mentioned regulations

Lovely! Thank you!

I'm preparing for a Capitol One style interview and they interview all of their analysts & software developers this way. This is the most helpful so far! Thanks

Great case study. Thanks for providing and sharing.

Don’t remember learning and laughing this much ever in my life, great video!

Awesome work gents. May I ask what software you use to record & edit this? Thanks!

This honestly sounds like common sense

Love the mythological background music..

Price increases dont actually make sense in terms of the question being asked. It dosen't ask how the firms can grow but how to increase 'sales'. It's basic economics that an increase in price would be moving away from the point of sales maximisation.

I wonder if it would have been okay to assume that the high market is willing to pay more for cheese and therefore use a higher unit price for this group?