How To Structure A Case Interview
A case interview is an evaluation of your critical thinking abilities. It’s not just about finding the right solution. While an answer does have an impact, it doesn’t cover most of the evaluation. What concerns the interviewer the most is your manner of thinking and how you approach the issue. All things considered, the main method to show what you’re thinking is by properly structuring your case. However, how should you structure a case interview?
Organizing a structure isn’t just about solving a case. Case interviews are there to mimic or simulate a job position. Whatever decision you make during that interview, it will most probably be the same situation you will be in when you get the position, so make sure you utilize similar abilities to solve a case. It isn’t as unique as you think, so learning how to structure your case interview now can assist you with settling numerous cases later on.
How To Structure A Case Interview Properly
Consider having a decent and standard structure as the centrepiece in solving a case. I would say that a decent structure is a higher priority than finding a solution. It’s considerably more significant than how much knowledge you have about the work. A decent structure will assist you with flaunting your skills—in the real sense of it. It will assist you with presenting your point of view in a significantly more precise manner.
The interviewer’s main concern is how you approach the case. They need to know “what’s going on inside your head’. They need to know how you will deal with the data, how you can build a sensible structure, quantify it, and find a solution. Your answer should match your solution, both convictive and provable, or uphold it with good rationale. Finding the right solution isn’t the main purpose since there can be many right responses to a case.
So after they hand out the case, take a momentary pause to truly grasp the information given to you. However, before you take a pause, ask all the best relevant questions to ensure that you comprehend the inquiry completely. Go ahead and list down all your questions – this helps you structure and keep your train of thought in order.
A decent structure can separate cases into smaller parts. As the maxim goes, divide and conquer. You don’t need to handle the case head-on. Go the extra mile and exert the effort needed to separate them and tackle them individually.
All things considered, how do you make a structure? There is no certain foolproof structure that can settle any case. Be that as it may, some are more proficient than others. So here are some ideas that can assist you with structuring a case.
Set Up A Good Structure
A decent structure needs to zero in on the questions, separate the case into a comprehensive arrangement of independent ideas, give a way to deal with the case in smaller parts through addressing the case, and supply innovative ideas.
Before we analyze different structures, it is important to know the MECE principle first. Mutually Exclusive and Collectively Exhaustive, or MECE for short, is a method to partition data into divisions that are mutually exclusive and collectively exhaustive. To put it simply, mutually exclusive is unique partitioned data.
On the other hand, collectively exhaustive is when partitioned information is placed into its applicable classes. In other words, debilitating your alternatives to their particular classifications.
MECE complements together with the issue tree framework. MECE helps avoid overlaps; in your issue tree, that would mean avoiding monotonous tree branches. Each branch should be distinct from one another, and thus parts are isolated properly. You don’t want to try to solve the same problem twice or even more.
That’s how you sort out your structure.
Issue Tree Framework
Case interviews will expect you to tackle issues on the spot. To help you in your fast reasoning, foster a graphical issue tree to separate an intricate issue into its segment parts. From that point forward, work to take care of the issue by moving toward it with your theory. It’s a basic methodology, and it takes care of business speedier—which is a plus during the meeting.
There are two types of issue framework:
- Problem-based Tree: It is utilized to decide the underlying driver of an issue. It asks the “why” the issue exists.
- Solution-based Tree: It is utilized to assist with taking care of an issue. It answers “how” to tackle the issue.
To represent the issue tree system, consider it a tree. The centre would be the issue, and its branches are your breakdown into its segment parts. Begin tending to the segment parts first before the fundamental issue.
The pyramid principle centres around introducing your theory. In this guideline, you are introducing your answer, then disclosing to them how you got your statement. In consultancy work, you now and then need to send your answers rapidly to make an impression on the client.
Not at all like a case talk with, customers are not worried about how you got your answer. Yet, introducing why and how it works is as yet expected to persuade them. Thus, present the arrangement first then persuade them later on.
The pyramid guideline is broken into three key parts.
- What: Your speculation or answer for the issue.
- Why: Your reasons why it prompts your answer.
- How: Explain how they can carry out your answer.
However much as could be expected, support your three stages with information. It’s more persuading to the client if your answer can be demonstrated.
Proter’s Five Forces
In case you are approached to tackle a market contextual case during the interview, Porter’s Five Forces ought to be your methodology.
Proter’s Five Forces is a demonstrated structure strategy to break down the market. The market is characterized by its particular industry and by its rivals. Using Porter’s methodology, you can utilize this structure to examine the market suitability for both new and experienced organizations. If the five powers are solid in a specific market, it is far-fetched for an organization to flourish in that market.
Here are the five interesting points in a market study:
- Competition: Of the five forces, competition will be affected by the rest of the four forces. The more the competition, the less likely a company will succeed.
- Supplier Power: If a company is great at bargaining prices, they can sell products of good quality at lower costs., thereby helping them compete against their rivals.
- New Entries: The lower an entry is for a market, the more companies will enter, which means more competition. Hence, prices are changing to kill the other competitors.
- The Threat of Alternative Products: The more alternatives a customer has, the easier it is for them to switch. It helps cultivate the market environment, driving more quality to attract new customers.