Opening, Analyzing, and Closing Strategies for a Winning Interview (Part 4 of 12) | caseinterview

caseinterview
23 Apr 201126:15

Summary

TLDR本视频脚本通过一个案例面试的模拟场景,向观众展示了如何进行有效的问题分析和解决方案的提出。首先,强调了在面对问题时,要基于已有信息提出假设,并选择一个框架的分支深入探索。通过标准问题收集初始数据,如果数据支持假设则继续深入,否则重新评估并调整方向。视频中提到,如果遇到死胡同,需要返回并尝试其他分支。此外,还强调了在分析过程中要不断细化和明确假设,并且大声说出自己的思考过程,以便于面试官提供帮助。最后,讲解了如何通过综合分析得出结论,并以清晰的逻辑结构向客户提出建议。整个脚本通过生动的例子和实用的技巧,教导观众如何在咨询或商业分析中有效地解决问题。

Takeaways

  • 📈 **提出假设**:在开始分析案例时,先提出一个假设,然后通过收集数据来验证这个假设是否正确。
  • 🔍 **深入挖掘**:如果数据支持你的假设,继续深入挖掘;如果假设错误,回到框架的上一层并改变方向。
  • 🔄 **不断精炼假设**:在分析过程中,根据收集到的信息不断调整和精炼你的假设。
  • 🗣️ **大声思考**:在分析时大声思考,这有助于清晰地表达你的思路,并且如果遇到困难,面试官可能会提供帮助。
  • 📊 **数据驱动**:始终基于数据来做决策,确保你的分析和建议都有数据支持。
  • 📉 **问题分类**:区分问题是公司特有的还是整个行业普遍存在的,这将影响你的解决方案。
  • ⏳ **趋势分析**:寻找数据的趋势线,了解问题随时间的变化情况。
  • 📈 **细分数据**:将总数分解为不同的部分或细分市场,以便更准确地识别问题所在。
  • ❓ **明确提问**:在请求数据时,先解释为什么需要这些数据,这样可以显示出你对问题的深入理解。
  • 🏁 **结论先行**:在提出解决方案时,先给出结论,然后提供支持结论的数据和分析。
  • 🔧 **结构化呈现**:使用结构化的方式呈现你的发现和建议,如使用金字塔原理来组织你的沟通。

Q & A

  • 在案例面试中,如何从一张白纸开始构建分析框架?

    -在案例面试中,首先需要获取足够的信息。然后,以数据为基础,提出假设,选择框架的一个分支开始深入分析。通过标准问题收集初始数据,如果数据支持你的假设,则继续深入;如果假设错误,则返回并探索框架的其他分支。

  • 如何通过数据来验证你的假设?

    -通过询问关键问题来收集数据,这些数据将支持或反驳你的假设。例如,如果你的假设是收入下降导致了盈利问题,那么你需要询问有关收入变化的数据来验证这一点。

  • 如果遇到死胡同,应该如何调整分析方向?

    -如果数据不支持你的假设,或者你发现当前的分析路径无法解决问题,应该返回到框架的上一层,然后转向另一个分支继续分析。这可能需要重新审视问题,或者从不同的角度提出新的假设。

  • 如何确保你的分析过程是系统的?

    -通过持续细化和明确你的假设,并大声说出你的思考过程。这样做可以帮助你清晰地表达你的思考路径,并且如果遇到错误,面试官也能够及时提供帮助。

  • 在分析案例时,应该如何利用数学知识?

    -利用数学知识来理解各种变量之间的关系,例如利润、成本、收入和单位销售量。通过数学计算,可以清晰地展示这些变量是如何影响最终结果的,从而帮助你更准确地识别问题所在。

  • 在案例分析中,为什么需要区分公司特定问题和行业普遍问题?

    -区分公司特定问题和行业普遍问题对于制定解决方案至关重要。如果是公司特定问题,可能需要调整公司策略或内部流程;而如果是行业普遍问题,则可能需要考虑市场趋势、竞争环境等宏观因素。

  • 如何通过趋势分析来理解案例中的数据变化?

    -通过比较不同时间点的数据,可以观察到数据的变化趋势。这有助于识别问题是否是近期发生的,还是长期存在的,从而为制定解决方案提供依据。

  • 为什么在分析案例时需要对数据进行分段处理?

    -分段处理数据可以帮助你识别哪些特定的业务领域或市场细分出现了问题。通过分析不同区域、渠道或产品线的数据,可以更精确地定位问题,并制定针对性的解决策略。

  • 在案例面试结束时,如何有效地总结你的发现?

    -在案例面试结束时,首先要明确你的主要发现或“大洞察”。然后,以结论的形式提出你的主要观点,并提供支持这一结论的关键数据点。最后,给出基于这些分析的明确行动建议。

  • 如何确保你的案例分析在逻辑上是连贯的?

    -使用结构化的沟通方法,如金字塔原理,首先提出结论,然后提供支持结论的逻辑相关数据点。确保你的分析和建议是清晰、有序且易于理解的。

  • 在案例分析中,为什么说‘洞察力’是一个重要的品质?

    -‘洞察力’意味着能够识别出不明显但准确的信息或模式。在咨询行业,能够提供深刻的洞察力是极为宝贵的,因为它可以帮助客户看到问题的本质,并找到有效的解决方案。

  • 在进行案例分析时,为什么要注意书写和呈现的清晰度?

    -在案例面试中,清晰的书写和呈现可以帮助面试官更好地理解你的分析过程和结论。如果使用白板或纸板,需要确保字迹清晰、版面布局合理,避免因字迹不清或空间不足而影响信息的传达。

Outlines

00:00

😀 案例面试的策略与技巧

本段落介绍了案例面试的过程,强调了从空白纸张到拥有数据信息的转变,以及如何通过提问标准问题、深入探究假设、根据数据调整方向来解决问题。提出了在数据支持假设时深入挖掘,在假设错误时返回并转向其他分支的策略。通过实例展示了如何通过数据验证假设,如收入下降导致盈利问题,以及如何通过大声说出假设变化来清晰思考。

05:01

🔍 分析案例的结构与方法

详细讨论了如何深入分析案例,包括如何通过数学计算来验证假设,例如通过检查收入和成本的变化来确定利润下降的原因。强调了在遇到死胡同时如何返回并尝试其他途径,以及如何通过具体而非开放式的问题来收集信息。还提到了练习写作和在不同表面上书写的重要性,以及如何通过实践来提高解决案例的能力。

10:03

📝 案例分析的技巧与建议

提供了分析案例时的技巧,包括大声思考、使用假设、请求更多数据、确定问题是否特定于公司或整个行业、寻找趋势线、分割数字等。强调了在咨询中提问的正确性以及解释为什么需要数据的重要性。

15:05

📊 结束案例的结构与方法

描述了结束案例的三步过程:首先是确定重要的洞见,然后是提出结论和建议,最后是用数据支持观点。强调了结论的重要性,并提出了如何通过数据支持结论的方法。还介绍了如何使用合成(synthesis)的方法将分析的信息整合成一个连贯的整体,使客户能够理解。

20:06

🏁 案例结束的逻辑与示例

讨论了如何有效地结束一个案例,包括如何清晰地提出结论和行动建议,以及如何使用逻辑上相关联的数据来支持结论。通过比较不同质量的案例结束方式,展示了如何使案例结束更加客户友好和易于理解。

25:08

👂 案例沟通的风格与效率

通过个人经历和比喻,说明了在咨询中沟通应该直接和高效,与日常对话中讲故事的方式不同。强调了在咨询中,客户更倾向于直接了当、结构化的沟通方式,而不是冗长和杂乱无章的叙述。

Mindmap

Keywords

💡案例面试

案例面试是一种常用于咨询行业求职过程中的面试形式,要求面试者通过分析和讨论一个商业案例来展示自己的问题解决能力。在视频中,案例面试被描述为从一张白纸到利用数据和图表进行分析的过程。

💡假设

在案例分析中,假设是对问题原因或解决方案的初步猜测。视频中提到,通过数据来验证假设的正确性,并根据数据反馈调整方向。例如,假设是收入下降导致盈利问题,通过询问收入是否下降来测试这一假设。

💡数据

数据在案例分析中扮演着核心角色,它提供了支持或反驳假设的实证基础。视频中强调了数据的重要性,如通过询问收入和成本的变化来深入分析盈利问题。

💡深入挖掘

深入挖掘是指在案例分析中,根据数据指示继续沿着特定方向进行更深层次的分析。如果数据支持初步假设,就继续追问相关问题,如视频中提到的如果收入下降,则进一步询问下降的百分比。

💡死胡同

死胡同在案例分析中指的是一个假设或分析路径无法继续前进,需要重新考虑其他可能性。视频中提到,如果一个假设被数据证明是错误的,如收入实际上增加了而不是减少了,就需要回到上一级框架并尝试其他分析路径。

💡精炼假设

精炼假设是指在收集到新的数据后,对原有假设进行调整和完善的过程。视频中提到,随着分析的深入,需要不断地根据新的信息来调整假设,以更准确地反映当前的分析情况。

💡框架

框架是用于结构化案例分析的思维模型,如利润、成本、收入等关键财务指标。视频中提到使用框架来组织思路,当一个分支的假设不成立时,需要回到框架的上一级并尝试另一个分支。

💡趋势分析

趋势分析涉及对数据随时间变化的模式进行观察,以识别问题的发展过程。视频中提到,询问过去几年的数据变化情况,可以帮助确定问题是一个持续的趋势还是一次性事件。

💡细分

细分是将总体数据拆分成更小的部分以识别特定问题或机会的过程。视频中强调了细分的重要性,如根据地区、渠道或产品线来分析销售数据,以便更准确地识别问题所在。

💡综合

综合是指将分析过程中收集到的所有信息整合起来,形成一个连贯的结论。视频中解释了综合的过程,即将分散的分析点连接起来,构建出一个清晰的、对客户有用的整体视角。

💡结论

结论是对案例分析最终结果的总结,通常包括对问题的识别、推荐的行动方案或建议。视频中提到,结论应该清晰、有行动导向,并且能够通过数据得到支持。

Highlights

在案例面试中,从空白纸张到利用数据和潜在图表进行分析的转变

提出标准问题,根据数据深入探究假设的正确性

如果假设错误,需要回到框架的上层并改变方向

通过大声思考来清晰表达你的假设是如何变化的

在框架内确定从哪里开始,选择一个分支并识别关键问题

如果遇到死胡同,需要回到框架上层并尝试其他分支

在实际咨询中,信息收集是昂贵的,需要高效利用每一天

避免提出过于开放式的问题,而应更具体地请求信息

通过数学上完整的利润和损失案例来练习分析技能

如果遇到死胡同,要能够视觉上表示并口头上解释你的行动

在分析案例时,要思考问题是否是公司特定还是行业普遍问题

寻找趋势线,了解公司过去几年的表现

对数字进行细分,找出驱动单位出货量的各个部分

总是要求数据,并解释为什么你需要这些数据

在案例结束时,确定重要的洞察点并形成结论

以结论开始,然后是支持结论的两到三个关键点

使用《金字塔原理》来结构化你的沟通,使其逻辑严谨

练习在不同媒介上书写,如白板、纸垫和翻转图

在咨询中,清晰和有逻辑的沟通比讲述整个故事更重要

Transcripts

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you have enough information the the the

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case and the case interview starts to

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feel more like an HPS case you have

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information so now it's like you're the

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protagonist what would you do you know

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you actually have data so you go from

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sort of blank piece of paper to

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information potential charts data

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okay so you ask the standard

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question I think I demonstrated that

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earlier next you go deeper down the

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branch if the data suggest you could if

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your hypothesis is correct you keep

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drilling down all right if your

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hypothesis is wrong you go back up okay

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so an example of that is my hypothesis

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is that revenues a decline in revenues

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is causing the profitability problem do

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we have any data that would suggest that

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to be do we have any data on whether

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revenues have changed okay the

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interviewer might say yes revenues have

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in fact gone down H my hypothesis is so

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far has been confirmed I will go deeper

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in that direction if the interviewer

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says actually revenues have gone up

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that's interesting how can profits go

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down when revenues have gone up oh it

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must mean that it's a cost problem I'm

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going to go up the framework I'll draw

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this out in a second so you can see it

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I'm going to go up the framework and

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move over to cost okay and the last step

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which I demonstrated is you want to

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continuously refine your hypothesis and

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and it's actually a good habit to um say

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out loud how your hypothesis is changing

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and so I didn't ever use the word

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hypothesis I sort of just did it

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implicitly but uh but they could sort of

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tell ah you know that's kind of odd that

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revenues would sort of go up when

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profits are down must be a cost problem

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so it's better if you say that out loud

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in general it's it's good to think out

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loud and literally like oh that's kind

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of odd you know I literally I'll

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literally say that um because it's

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easier if you just say what's in your

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mind then you don't have to sort of

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think whether you should sort of censor

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it or

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not

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okay so you guys all get that okay ask

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for information on where to start within

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the framework State a hypothesis pick a

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branch of the framework to start

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identify key issues within the branch

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ask standard questions to gather initial

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data which is again very formulaic then

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go deeper down the branch if the data

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suggests you should if you run into a

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dead end which is very common sometimes

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they'll do it deliberately they'll

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deliberately send you down a dead end to

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see if you figure out it's dead end you

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got to come back up the framework and

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move over somewhere else okay and then

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continually refine your hypothesis and

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state what information you need to test

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whe that hypothesis is correct okay

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that's important because that's what you

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do in real life you know so our

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hypothesis is that sales have gone down

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in United States because sales in the

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Midwest region have really tanked but

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all the other regions are fine okay

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interesting idea how do we go figure

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that out oh we got to go do a data dump

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to like the guy in finance and go figure

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that out okay that's worth half a day um

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so we're trying to simulate that

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here we you you don't want to do this is

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very linguistic but it's important what

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you don't want to do is just ask really

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open-ended questions like do we have any

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information on the business

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situation right then it's like no no no

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no no right you gota be more specific

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than that okay so you tell them what

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your hypothesis is and then you tell

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them what specific piece of information

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you need to determine whether hypothesis

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is true or not because that's what you

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would do in real life because gathering

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information in real life and Consulting

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is expensive it's counted in days and

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there are only so many days you have

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available to get problem solved so they

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want to see that you can see if you can

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do that in a case

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situation

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oops thank

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you okay so let me illustrate what going

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deeper

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means okay going back to my earlier

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example you don't have to copy the top

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part you can just it's just more of the

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visual diagram you sort of I want to

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illustrate um if the example was profits

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are down 20% uh we're looking at

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revenues and we're looking at costs do

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we know if revenues have gone up down or

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stay the same okay and the interviewer

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says uh revenues in fact have

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uh have

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decreased oh interesting

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okay that mean if I so we had earlier we

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had sort of

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profit cost right so up until now in the

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case I've drawn that right and now that

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I have data that says revenues in fact

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have gone down interesting that means

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it's likely to be a revenue problem I'll

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say how much have revenues gone down

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by okay they've gone down in fact

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they've gone down by 20% oh precisely

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the same amount as profits have gone

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down seems reasonable that

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mathematically it seems like this is

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really a revenue problem a revenue

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decline problem not really a

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profitability problem so to further

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understand why revenues have gone down

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by 20% we need to look at the component

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parts of

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Revenue and I'll say there's two things

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I want to know next I want to break

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apart revenues and look at number of

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units sold times the average revenue per

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unit which is basically like price so

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price times volume sold ass your total

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revenues do we have any information on

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whether the number of units has sold

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have changed or not have they gone up

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down or stayed the same

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okay

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and so the inter ofview might then say

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um actually number of units sold have

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not changed we sold a million units last

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year we sold million units this year

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interesting H interesting um so

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obviously then I wouldn't say obviously

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because that's a little bit of a snobby

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word but okay so revenues have gone so

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profits have sort of you know declined

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by 20% and revenues have declined by

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20% okay unit sold have not changed okay

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and it must mean that prices have gone

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down by 20% do we have any information

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on whether that's true or not yes in

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fact prices are down by 20. okay great

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so the real problem here is not why the

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profits down is not the revenues of

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decline it's that we're for some reason

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prices have declined by 20% in this

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particular situation and then you you

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just keep drilling down right just so

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the reason I like sort of profit and

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loss cases at least for practice early

play06:23

on is there sort of the most

play06:25

mathematically complete it's either or

play06:27

it's very very clean so a very good way

play06:30

to sort of practice this go down a tree

play06:32

come back up a tree uh the other ones

play06:33

are a little they're a little more

play06:35

they're squishier um way it's not quite

play06:37

mathematically clean a lot more overlap

play06:39

so I like practicing them in terms of

play06:40

the actual analytical skills and you'll

play06:42

just keep drilling down further and

play06:43

further and further

play06:45

okay so you can see as you go through

play06:47

this process you the case starts looking

play06:49

more like an HBS case you're having data

play06:52

and you get a sense of what's going on

play06:53

um and you sort of get closer and closer

play06:55

to that okay so what happens though if

play06:57

you run into a dead end so I want to

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show you what a dead looks like and what

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it sounds like and what you visually

play07:03

want to

play07:04

do

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okay so let's go back to the original

play07:11

case um profits are down 20% uh we need

play07:15

to look at revenues or costs have

play07:16

revenues or costs change actually have

play07:18

um uh do we know if um do we have any

play07:21

information or give any suggestions on

play07:22

as to where to start the says no let's

play07:24

look at revenues first my hypothesis is

play07:26

revenues have declined that's why profit

play07:27

has dropped by 20% do we have any

play07:29

information on whether or not profits

play07:31

have revenues have changed um in fact

play07:33

revenues have actually increased by 20%

play07:36

that's interesting revenues have

play07:37

increase by 20% yet profits have decline

play07:39

by 20% must not be a revenue problem

play07:42

okay so let's focus on cost

play07:48

next this means costs have probably gone

play07:50

up quite

play07:53

significantly so to understand and is

play07:56

that true yes in fact costs have

play07:57

actually gone up by 30 or 40%

play08:00

okay so we're looking at a cost problem

play08:02

so we need to actually understand what's

play08:04

causing what's driving the cost problem

play08:06

there are two components to cost okay

play08:09

number of units

play08:10

sold and the cost per

play08:13

unit so mathematically you multiply the

play08:17

two

play08:17

together and that gets you the cost

play08:21

right do we have any information as to

play08:24

whether or not number of units uh sold

play08:27

has changed in this particular situation

play08:29

okay

play08:29

uh yes we have information on that in

play08:31

fact number of units sold has stay the

play08:33

same interesting okay so if costs have

play08:36

declined by minus 40% unit sold has not

play08:41

changed then it must mean the cost per

play08:43

unit has gone gone I'm sorry costs have

play08:45

gone up by 40% unit sold hasn't changed

play08:48

that must mean that cost per unit has

play08:50

gone up 40% is that is that true in fact

play08:52

it is and then you just keep drilling

play08:54

down so you see the

play08:57

brand back up the hierarchy go down the

play08:59

other hierarchy so I like to think of it

play09:01

as sort of um roots in a tree right you

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sort of go down one you come back up you

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go down the other

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one so so visually you want to sort of

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convey that and actually honestly it's

play09:13

worth practicing

play09:15

penmanship you know because you're do in

play09:16

a case interview and I tend not to write

play09:18

very cleanly so I actually have to slow

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down and practice writing and if you're

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doing it on a whiteboard you have to

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write bigger letters which is a I mean

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it seems really silly but it's a

play09:28

different mechanical skill you know and

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I don't I never really written on a

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chalkboard so it's just you know and

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then you draw if you draw too big then

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you run out of space I so like a lot of

play09:36

very practical things it's worth

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practicing on a flip chart worth

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practicing on a paper pad um and and

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then sometimes a whiteboard is sort of

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easy too thing with a whiteboard is you

play09:44

want to make sure you you're comfortable

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with the pant you don't like stick

play09:47

yourself so you have like ink on your

play09:48

shirt it's not

play09:50

good it's all about details

play09:58

question

play10:00

because I have a bad poor mathematical

play10:02

example yeah so these aren't all meant

play10:05

to sort of be tied out but then you're

play10:09

right so mathematically you will be

play10:13

correct you're going to do

play10:17

well okay so here's some tips for

play10:19

analyzing

play10:22

cases other thing too just to back up a

play10:24

second you'll find that when um

play10:26

interviewers give cases they either give

play10:27

cases that they actually have live

play10:29

experience with hard data in their head

play10:31

all they'll make it up and so for this

play10:33

example I was I'm just making stuff

play10:35

up more to illustrative

play10:38

Point uh okay um here are some tips

play10:41

think out

play10:43

loud it's

play10:45

useful um if you're struggling you

play10:48

really don't know what to do but if you

play10:50

think out loud and you sort of thinking

play10:52

out loud too long I know you're sort of

play10:53

stuck I mean they don't they don't want

play10:55

to be in a room with an awkward

play10:56

situation either right so they'll help

play10:58

you you know they might sort of you know

play11:00

deduct you like two points for style or

play11:01

whatever um but if you think out loud

play11:04

I'm stuck that they'll actually help

play11:07

you um use hypothesis a lot like I just

play11:10

demonstrated earlier I think it's this

play11:12

let me get data to verify and and sort

play11:14

of move

play11:17

on and you don't the parts underneath

play11:19

it's it's about taking educated guest

play11:22

figuring out what data you need to sort

play11:23

of figure out whether you're not right

play11:24

or wrong and then validate and then

play11:26

refine that hypothesis ask for more data

play11:28

see that hypothesis is correct and you

play11:29

just keep on

play11:35

moving okay uh there there are a couple

play11:37

of types of analyses you want to do

play11:40

fairly regularly and and I'll mention

play11:42

this a couple of times um but a lot of

play11:45

people sort of if they're not

play11:46

experienced with it they sort of forget

play11:47

to do this so this is this happens

play11:49

literally 90% of cases I do

play11:53

this the first is um what I call

play11:56

figuring out if the problem is a company

play11:59

specific issue or an industrywide issue

play12:01

so like on the the earlier example if

play12:03

units sold has declined by 20% the next

play12:06

question I might ask do we have any

play12:07

information on how the rest of the

play12:08

Market's doing so is it a 20% decline

play12:11

for us because we' screwed something up

play12:13

or is it 20% across the board it's a

play12:15

market issue you solve those two

play12:17

problems very differently you respond to

play12:18

them very differently so that's a very

play12:20

common analysis I'll ask for data on

play12:22

company specific or across the

play12:27

board

play12:29

uh second thing I always ask for is uh I

play12:32

try to find the trend line so where are

play12:34

we this year where was it last year

play12:36

sometimes was the year before I'm

play12:38

looking for the chain I'm sorry looking

play12:40

for the the

play12:46

trend and often times you'll find that

play12:50

um the most common Trend you'll see is

play12:52

around

play12:53

growth that's the one that I sort of saw

play12:56

the most you you'll often times have uh

play12:58

company will be in sort of four

play12:59

different businesses one will be going

play13:02

like Gang Busters and one will be sort

play13:04

of like dying on average they're doing

play13:07

fine right but on averages the average

play13:09

is always sort of and the totals always

play13:10

sort of lie they're misleading you have

play13:12

to break things up into its parts

play13:14

because then you might say okay do you

play13:16

want to solve the problem with the

play13:17

company that's that's sort of flailing

play13:18

or do you want to sort of take the one

play13:19

that's working make it better that would

play13:21

be a conversation you might have in a

play13:23

case other things to do um always

play13:26

segment your

play13:27

numbers okay and I have specific

play13:29

segmentation strategies to I'll show you

play13:31

um but if if revenues are down for

play13:34

example you know it's a revenue problem

play13:36

and units and units sold are have

play13:38

declined let's say um you want to sort

play13:40

of break up that total so total units

play13:43

sold have declined what composes units

play13:46

sold right um and do we have any

play13:49

information on the sources of where the

play13:50

units sold and whether those have

play13:51

changed in fact we do you know units

play13:54

sold in in North America has stayed

play13:56

constant Asia has gone up 20% Europe's

play13:58

gone down 20 20% I see okay so unit sold

play14:01

has gone down by 20% in Europe do we

play14:03

know that's a company specific issue or

play14:04

an is wi issue how are the competitors

play14:06

doing on volume in terms of Europe uh in

play14:08

fact Europe the European competitors are

play14:10

also down 20% in volume ah I see so we

play14:12

have an industry problem a market

play14:13

problem in Europe which is suppressing

play14:16

European sales which is dragging down

play14:17

overall sales overall units sold for the

play14:19

company and I'll sort of synthesize that

play14:22

um but you don't you don't get to that

play14:24

Insight right until you sort of break

play14:27

apart the numbers and there like like

play14:29

there's an infinite number of ways to

play14:30

sort of break apart numbers in in real

play14:31

life um I usually like to ask the

play14:35

interviewer so you you say we need to

play14:37

break apart the numbers do we have any

play14:39

more detail we have any more do we have

play14:40

any more details on what what comprises

play14:44

you know unit

play14:45

sold um because on unit sold it could be

play14:47

by channel right internet channel is up

play14:50

20% direct Salesforce is down 15% it

play14:52

could be by region it could be by

play14:54

product line the super duper product is

play14:55

up sales are up 20% but the basic

play14:57

product is down 20%

play14:59

um and so you could literally sort of do

play15:00

that all day long and in real life you

play15:02

would because you don't know um but they

play15:04

don't want to waste time doing that so

play15:05

you sort of you make the case that you

play15:06

need to break it apart and then you ask

play15:09

them there's any information and they

play15:10

usually give it to you because they

play15:12

don't want to like make up numbers

play15:13

either because then you get you get

play15:14

embarrassed by you know people who are

play15:15

really sharp on their numbers right um

play15:18

okay segment your numbers and then I

play15:20

mentioned ear always ask for

play15:22

data okay always

play15:27

ask and again the key with asking is

play15:30

make explain why you want the data first

play15:33

you get credit for asking the right

play15:34

question which is very important in

play15:36

Consulting and then when they give you

play15:38

the data then you kind of proceed if you

play15:40

ask for the data without asking

play15:42

explaining why you want it you don't get

play15:44

points for asking the right question

play15:46

okay so you got to use the words like we

play15:48

need to sort of break apart we need to

play15:49

look at the segments that Drive Unit

play15:52

shipments do we have any data on the

play15:54

individual segments okay so that's a

play15:56

good word to use because segments can

play15:58

mean segmentation a lot of different

play15:59

patterns right by region by Channel by

play16:01

type of customer but you say the word

play16:03

segments like okay guy the person knows

play16:05

what they're talking about they're going

play16:07

to segment stuff I'll save them some

play16:08

time we should segment by region because

play16:10

that's where the inside is great um so

play16:13

if you just use the word segments or

play16:14

break it apart or in those words they

play16:16

will give you data on how to do that

play16:19

I'll give you the actual segmentation

play16:20

pattern that's most

play16:21

productive all

play16:26

right uh mechanically speaking here's

play16:28

how to close a case and then we'll get

play16:30

into some actual

play16:33

cases it's really a three-step

play16:38

process as you're sort of gathering all

play16:40

this information you have these

play16:41

hypotheses you're sort of driving down

play16:43

various analyses your case in the

play16:45

interview starts looking a lot more like

play16:47

an HBS case Okay and then towards the

play16:50

end of the case interview it's more like

play16:52

a cold call what would you do if you're

play16:54

the protagonist in this situation or

play16:56

what would you do what would you tell

play16:56

the client to do um the one the thing

play16:59

you need to work on here first off is

play17:01

just figure out what's

play17:02

important I'll give you a demo of that

play17:04

in a second what's the important idea

play17:07

what's the big aha what's the big

play17:09

Insight um by the way one of the biggest

play17:12

compliments you can sort of pay to a

play17:13

colleague in Consulting is really

play17:15

insightful you know that was really

play17:17

insightful which is basically not

play17:18

obvious but

play17:20

spoton so figure out what's

play17:24

important and that's sort of an internal

play17:26

process then you want to actually say it

play17:28

out allowed and give a point of view a

play17:32

conclusion profitably a conclusion with

play17:34

a recommendation on an action the client

play17:37

should take or likely actions the client

play17:40

might want to consider I'm hedging again

play17:42

right if I don't have enough data to

play17:43

know definitively they should do that

play17:45

I'll say it would seem to me that you

play17:47

know doing a pilot program of some sort

play17:49

in the new Emerging Market would be

play17:50

useful given it's going 50% per year

play17:52

when the Market's only growing 2%

play17:57

okay and then then you want to support

play17:59

your point of view with

play18:01

data and so um at least I don't know

play18:04

what the other firms call it but we call

play18:05

the synthesis taking all this

play18:07

information and like building up

play18:09

something one thing what's the one

play18:11

answer that we're looking for and I also

play18:13

sort of Googled the definition of

play18:14

synthesis uh it means to combine

play18:16

separate elements to form a coherent

play18:19

hole which basically means taking all

play18:21

the Lego blocks on the floor building a

play18:22

house ah it's a house right I understand

play18:25

what to do

play18:26

now so analysis is all about pulling

play18:28

apart the pieces into its component

play18:30

parts synthesis is then all this

play18:32

analysis putting it back together into a

play18:34

coherent hole so a client can make sense

play18:36

of

play18:39

it it's it's it's the opposite of

play18:41

analysis it's

play18:44

interesting um let's

play18:52

see so by the way I'm I'm recording this

play18:55

event I'm going to refer to like page

play18:56

numbers and slide numbers just what's on

play18:58

the recording um you guys will get

play19:00

access to all this after the fact too so

play19:02

if you see me sort of referring to page

play19:03

numbers that don't exist you you'll know

play19:05

why um the common structure by the way

play19:07

of a close just visually

play19:11

speaking it sort of looks like this and

play19:15

you guys want be already familiar with

play19:18

it you don't actually sort of draw it

play19:20

out

play19:24

necessarily but your um

play19:34

you always start with the con well not

play19:36

always but in most cases you start with

play19:37

a

play19:39

conclusion ABC companies should consider

play19:41

exting the European market how come uh

play19:45

market sales have tanked cost structure

play19:47

of the business is too high and so you

play19:49

have your your sort of supporting

play19:50

elements underneath your conclusion okay

play19:53

so there's an order to it you start with

play19:55

the conclusion first a lot of people

play19:56

start with the data first and I'll show

play19:58

you what that sounds there's there's a

play19:59

certain Rhythm if you listen to It's

play20:01

almost almost like music there's a

play20:02

certain Rhythm to how a poor clothes

play20:04

goes versus a good cloth versus a great

play20:06

cloes always conclusion first and then

play20:09

the key supporting elements underneath

play20:11

usually it's like two or three things

play20:14

there's a useful book um that a lot of

play20:17

people swear by I actually never read it

play20:19

but I think I've learned it sort of

play20:20

through osmosis it's called the P

play20:22

principle have you guys heard of that

play20:24

okay uh there's this book called The

play20:25

pyram principle it's by bar Mento I'll

play20:27

put up the name in a in a second and um

play20:31

it's the it's the communication it's

play20:34

it's I think it's a book about critical

play20:35

thinking logical thinking and writing um

play20:38

sort of every McKenzie consultant sort

play20:39

of uses that whether they realize it or

play20:41

not I I use it without realizing it

play20:42

others have done it more deliberately

play20:44

and a lot of the consulting firms use it

play20:46

and it has to do with structuring your

play20:48

Communication in a very rigorously

play20:50

logical way uh and it's it's a good

play20:52

skill to have um and it's different it's

play20:55

a little different um in some cases

play20:57

depending on how you were sort of taught

play20:58

to write so I got a lot out of that um

play21:01

but that's the structure it's sort of

play21:03

big idea up front and then three main

play21:04

ideas underneath that sort of support

play21:06

that uh almost look like an expository

play21:08

writing essay from high school if you're

play21:09

familiar with

play21:14

that okay I want to give you um examples

play21:17

of

play21:18

closes and I want you just hear what it

play21:20

sounds

play21:23

like and I'm going to I'm going to take

play21:25

my crack at using sort of a a business

play21:28

example because I think it sort of helps

play21:30

convey the

play21:31

point okay

play21:33

um the the rhythm of a poor close is

play21:35

like this data data data data data data

play21:38

data data data part of a conclusion data

play21:41

data another part of a conclusion data

play21:43

data dat dat another part of the

play21:44

conclusion in its entirety all the

play21:46

information is there it's hard to follow

play21:48

not client friendly

play21:50

okay

play21:52

um a good close would be conclusion

play21:57

three relevant pieces of data that

play21:59

directly support that

play22:02

conclusion and a great close would be a

play22:06

conclusion with a definitive action

play22:09

recommendation right and three pieces of

play22:12

data that are logically related to that

play22:14

conclusion so the logic is really very

play22:16

clear and very

play22:18

compelling and I'll give you example

play22:20

that umide this hypothetical

play22:24

situation I know okay still it um but I

play22:28

can read it this way because that's it's

play22:30

too small to print and you won't be able

play22:31

to see

play22:32

it um I have this hypothetical situation

play22:35

where I got two I have two daughters and

play22:37

I'm sort of envisioning this situation

play22:39

sort of in the future uh and sort of

play22:41

trying to make it interesting so to make

play22:42

the point um my youngest one comes to me

play22:45

and says daddy daddy daddy like what

play22:47

honey what honey um I'm sorry it was an

play22:51

accident but my my sister made me do it

play22:54

we weren't trying to it was an accident

play22:56

not my fault her fault

play22:58

okay I know candles no bad idea matches

play23:02

I know but she pushed me she did really

play23:06

right oh I I'm coughing a lot help what

play23:10

do I what should I do okay that's a poor

play23:13

close because you have no idea what the

play23:14

how is going on right a lot of

play23:16

information no conclusion no action

play23:18

right

play23:20

okay

play23:22

um the next one my my my my older

play23:25

daughter comes to me and

play23:26

says dad the house is on fire we were

play23:29

playing with matches let's get the hell

play23:31

out of here okay that's like a

play23:33

conclusion action driven

play23:36

right and then uh the the babysitter

play23:39

comes down who's trying to train to be a

play23:40

Management Consultant and says Mr

play23:44

Tren you have to read this um the house

play23:48

is on fire it's in fact burning to the

play23:49

ground quickly and it cannot be saved

play23:52

you have no other choice than to get the

play23:54

heck out of here right now okay good

play23:56

recommendation action conclusion

play23:58

there are three reasons why I feel this

play23:59

way let me show you my PowerPoint

play24:01

presentation okay slide one please the

play24:04

fire will consume the house in less than

play24:05

1 minute this is based on the fact that

play24:07

it's moving at 10t every 5 seconds and

play24:10

I've measured the width of the house to

play24:10

be 120 ft we got less than 60 seconds to

play24:13

live number two supporting Point putting

play24:16

out the fire is in fact not possible

play24:19

okay the fire is too big at this point

play24:21

to put out plus the fire extinguisher is

play24:23

at the opposite end of the house and

play24:24

guess what Mr CH I've been watching you

play24:25

worked out you're not as quite as fast

play24:27

as you used to be the treadmill you

play24:28

won't make it great third supporting

play24:30

Point third slide please uh your only

play24:33

remaining option is to save you and your

play24:34

kids now fact the supporting point is

play24:37

you promise your wife you take care of

play24:38

the kids if you leave them in a burning

play24:40

house and go put out the fire she will

play24:42

kill you therefore conclusion is you

play24:45

have no other choice than to get the

play24:46

heck out of here and that's like the

play24:48

rhythm of a good clothes and you can

play24:50

obviously tweak and make it better um

play24:52

but the idea is sort of main idea with a

play24:55

clear action why you feel that way and

play24:57

then restate the the

play25:00

conclusion but you see the difference

play25:02

right and and there's interesting I mean

play25:04

I have relatives who were who who who

play25:08

think this way on the poor

play25:09

clothes and actually my

play25:12

mother-in-law and it's just

play25:14

like I I I my limit's like seven minutes

play25:17

I can listen to seven minutes of well

play25:19

first I went to the parking lot and then

play25:21

I went in and then this happened oh and

play25:23

there was this really interesting lady I

play25:24

talked to oh did you realize that she

play25:26

has a DA and just like

play25:28

and what what's the point mom uh oh we

play25:31

need more toilet paper oh okay I can

play25:33

take care of that right and but she had

play25:35

to sort of tell the whole story um and

play25:38

so not that it's right or wrong it's

play25:39

different but in Consulting that doesn't

play25:41

work because it's not client friendly

play25:42

you can't follow

play25:56

it

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