Full Interactive Consulting Interview Case (Cost Reduction) | Case Interview Prep - "Midwest News"
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- เผยแพร่เมื่อ 6 มิ.ย. 2024
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Use this interactive case as your real consulting case interview practice! You can:
-Run a practice case without a partner
-Get familiar with case interview basics
-Implement our 6 tangible tips for immediate improvement
Case Type: Cost Reduction
Difficulty: Intermediate
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Looking for a specific part of the case?
-0:00 Intro
-0:51 Case prompt
-1:57 Recapping the case prompt back to the interviewer
-2:36 Asking clarifying questions
-5:30 Framework explanation
-6:44 Giving a hypothesis
-7:04 Asking a question based on the hypothesis
-7:48 New hypothesis (after being redirected)
-8:19 Explaining the first chart (map)
-10:07 Answer to cost decentralization question
-11:22 Explaining the second chart (cost graph)
-13:36 Brainstorming about costs to cut
-15:48 Brainstorming ways to reinvest savings
-18:22 Conclusion / recommendation
-19:57 Feedback: 3 things that went well
-21:58 Feedback: 2 ways to improve
-23:29 Feedback: 1 intangible to focus on
-24:13 Notes page explanation
Thanks crew! Go crush it with your prep!
All views are the speakers' own and not those of their respective employers
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We need a comeback of these two
Shame there arent more videos of the two of you - really one of the better channels to learn cases!
This helped me get a job with Deloitte. I owe you guys dinner!
We love to hear it! I hope the job is going well!
This video is so practical and helpful. Loved how you included examples of the interviewer redirecting the candidate at the beginning while the candidate was still successful at the end!
Nice analysis. We need more videos like this. Thank you guys.
I'm a newbie to casing and have an interview next week. Although this was a bit harder than what I'm used to-- It was so helpful and practical. Super clear and easy to follow. Subscribed!
Thanks for the great video! It really helps! I will listen to it again before my case interview!
Thank you so much! We really appreciate it, and we hope that your interview goes super well!
It covered key stuff and the end part (feedback) with the What's, Why's and the page structure were super helpful! More than the book I'm using right now, thanks a lot!
thank you so much! We really appreciate the feedback and are so glad it could be helpful! Keep crushing it on your prep!
Great job!
Great video! Just wonder where is the chart intepretation in the note-taking piece?
I loved it. That's what I looked for. English is not my first language. So next step will be prepare for the vocabulary and pronunciation. 😢
Thanks for implementing the notes suggestion! I'm curious if you plan on doing a "virtual" case interview workshop since they are so common now.
That's a great question, Harrison! We're definitely considering how to address the virtual aspect of case interviews right now, and hopefully will be able to incorporate that in the future!
Agree with what Abbas Rizvi says. In addition, shouldn't the goal also be specified? How much cost reduction are we aiming to do?
Hey. Thank you man!
Absolutely! We're glad it could help!
Really well presented case analysis
Thanks so much Deeptiman! Jake & I really appreciate it! Let us know if there's ever anything else we can do to help!
Super helpful!
Thanks Rasheed! We really appreciate it!
Great video structure and format, highly informative as well. Showing the notes taking process is a terrific initiative, and it is something all case interview videos should do. A little bit more information/thought process developpment on the paper itself would have been appreciated though (also not applicable here, but calculation steps for future videos). Thank you for the video, keep up the good work !
Hey Sobhi! Thank you for the feedback! We will definitely be thinking through fleshing out some of the thought processes a bit more in future videos, and having calculation steps pop up on the screen, as well. Thanks for watching! Feel free to email casebinge@gmail.com if you ever have any other questions--or just reply to this comment!
Where to find more of your case mocking?
Nice video guys! (the link to your website doesn't work...I guess there are some wrong characters inside..) Ciao!
Thank you!! And thank you for letting us know, we'll be working on getting it fixed!
Why did you guys stop making videos? Great videos :-(
Hi Kumar! Unfortunately Jake and I have both been busier than expected with work and personal commitments, but we're hoping to release some more videos before long and hopefully also a cheap course at some point! Thanks so much for the encouragement! We really appreciate it!
In a TEI interview, it is expected to be presented a case?
That's a great question!! I've done some initial research, but unfortunately I haven't been able to figure that out for sure! I would suggest asking a contact of yours there, if you have one, or even just directly emailing HR to ask if applicants should be prepared for any sort of case interview. I hope that can help!
the answers weren't the bes,t imo, the simple problem with this case is that the market size is not big enough to justify the amount of TV stations in the small nebraska and kansas market.They are spending millions to grow tv service but in reality the market just doesnt have room, so all that expansion is not bringing in any revenue and is just costing them
Thanks for the thoughts! I think you're probably right, the market size is pretty small for how much they're expanding. That's a great place to focus first, to investigate if maybe that's the reason they're struggling.
I would say Scott could express himself more concisely
Honestly, that's pretty much always a fair point, and being concise is definitely helpful in cases
Didn't like the answer to the first question. My points
1)I would like to understand cost broken down into different business segments and understand where we are loosing most money
2)Would like to investigate further cost heavy business segments and discover opps to maybe outsource
3)Understand industry dynamics and see if everyone is loosing money, if not, great chance for us to benchmark our operating model to industry standards and bring profitability back
4)compare company from profitable years to now and see any special events i.e litigation, interest cost on some debt that has increased our cost
Hey Abbas! These are all great points! I especially like the point about benchmarking the company's Op Model--it would be great to understand if we're structured similarly to our competitors or if perhaps we're doing something unusual that could be hurting our margins. Thanks for watching!