Hello Everyone, This is the learning from Week 5 of the Fellowship Management Consulting Program by Growjunction.
Topic: Solving different case studies problems
1. How to approach a case scenario: CASE
A. Comprehend: Understanding the problem and the affecting factors.
Listen: understand the problem scenario carefully or read the case to grasp all relevant information.
Ask: ask as many questions as possible to understand and get clarity.
Note: the main characters, issues, and context. Look for any specific objectives or problems.
B. Analyse: Think of possible solutions
Think: break down the information into smaller segments so that the case is segmented into manageable parts to examine each one closely.
Make insights: Look for connections between different elements and make a meaningful conclusion
Apply knowledge: Use Analytical Tools Consider applying frameworks like SWOT analysis or root cause analysis to deepen your understanding.
C. Structure: Organise your approach.
Align: Detailed breakdown of findings and aligning the solution in a sequential manner.
Label: Possible solutions or responses to the issue.
Calculate: make estimate and give the realistic figures.
D. Explain: communicate effectively
Data: Communicate your findings and recommendations in a clear, concise manner by using the collected data to justify the solution.
Examples: Support your claims with data and insights drawn from your analysis,
be confident about the solution presented.
2. What how and why guesstimates: Guesstimates are rough estimates used to make quick assessments in uncertain situations. What define the estimate. How explain about the data used to inform the estimate. Why explain why this estimate is important.
3. Case scenario on Profitability Framework: A profitability framework is a structured approach used to analyse a company profitability by examining the key components that contribute to profit. It typically involves breaking down revenue and costs to identify areas for improvement.
4. Case scenario on Pricing Framework: A pricing framework is a structured approach used to determine the optimal price for a product or service. It encompasses various strategies and methodologies that guide businesses in setting prices based on market conditions, customer behaviour, costs, and overall business objectives.
5. Case scenario on market entry Framework: A market entry framework is a structured approach used by businesses to evaluate and plan their entry into a new market. This framework helps organisations assess the feasibility of entering a specific market, identify potential challenges, and develop strategies to successfully establish a presence.
Thanks to my mentor Mayank Kapoor for such an engaging session. The discussion on this specific topic was particularly enlightening, and I appreciate the depth of knowledge you shared.
#Growjunction #fellowgrowjunction #managementconsultant #consulting
Become an AI Speaker/Trainer/Consultant - message me for details
8moEnhanced consulting profiles can definitely open doors for exciting opportunities!