Ace Your Case III: Practice Makes Perfect by WetFeet

By WetFeet

Following at the approval for the Ace Your Case! and Ace Your Case II publications, WetFeet brings to you a new consultant with an entire new set of case inquiries to perform on and get a leg up on your consulting interviews. In Ace Your Case III, you can find: particular guidance for market-sizing, company operations, company procedure, and resume case questions 15 case questions with room to determine your solutions 15 specific "good" solutions to the case questions, together with attainable dialogues along with your interviewer "Bad" solutions in addition to purposes for why they may not fly extra!

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Be careful in questions such as these that you continue to see the forest for the trees. Bad Answers • I haven’t lived in a house for a while, but I can tell you how many chairs are in the average apartment. Again, you’re going to have to answer the question that was asked of you. Remember that it’s not the accuracy of the final answer, but rather the logic and structure of the thought process that got you there. • I’d say about 20. Where’d this come from? How did you get there? Telling a consultant an answer without explaining how you got there is one way to bomb an interview.

Again, this makes the math easy: 100 pieces of candy per kid. Although I must admit when I think about dumping out my bag at the end of the night, 100 pieces seems high to me. But for now let’s use that number. 5 billion pieces of candy. The way I would check this is to analyze the “supply” side and see if the numbers were close. Note how the candidate is sanity checking her work and noting the places where numbers could be high or low and offering up a solution for checking the final result. Nailing the Case 57 Case 2 What is the average number of chairs in a house?

38  Case 8 The Director of Purchasing for the aircraft maintenance division of a major airline has asked for your help. His supplier base has grown to more than 500 vendors, who supply approximately 100,000 different aircraft parts to the airline. He has realized that his supplier strategy is suboptimal, both from a cost and efficiency standpoint. How would you help him devise a supplier strategy? Key questions to ask: The Practice Range What are the main issues? 39  Case 8 (continued) Key approaches/frameworks: The Practice Range Possible courses of action: Action recommendations: 40 Business Strategy Questions Keep the rules for business strategy questions in mind: 1.

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