If you've found this video helpful, you're gonna LOVE our free course at www.craftingcases.com/freecourse -- click the link for more info.
What's the best way to use Victor Cheng's Business Situation Framework?
In which case interview situations should you use it and in which situations you CANNOT use it?
Is this framework MECE?
These are some of the questions that came to me as I was preparing for case interviews.
After getting an offer at McKinsey and Bain and coaching hundreds of candidates to do the same, here are some of the things that I found:
3:34 You should only use this framework in Business Competitive Strategy cases.
Why? Because it is a framework derived from the 3Cs model, which is a model to describe a business competitive strategy situation.
That means the business situation framework won't work if the case is on a public sector case, or in a non-strategy business case or on a non-competitive strategy case.
5:50 You should HEAVILY adapt this framework for your own specific situation.
Using the "vanilla" framework as Victor Cheng teaches it just won't cut it. You'll do a structure similar to every candidate and miss key insights from the case.
7:57 Focus on making your framework MECE enough
A lot of people try to be 100% MECE, but you'll never be if you use a conceptual framework such as this one.
Instead, focus on making it MECE *enough*! That is, touching the KEY areas of importance to your client, not every single factor that might cause trouble to them.
10:01 Think of this framework as TRAINING WHEELS
The Business Situation framework is NOT the end-all-be-all framework to use in case interviews.
It will NOT help you differentiate yourself from other candidates.
Instead, it is a framework that helps you GET STARTED. Just like training wheels for riding bicycles.
Use them at first, to get started. But eventually, make an effort to outgrow them!
***
Here's the book I mentioned in the video (The Mind of the Strategist): www.amazon.com.br/Mind-Strate... [Not an affiliate link]
***
If you've liked this video, make sure you click the Like button and leave a comment below! (This lets KZfaq know this video's good and will make it show it to more people).
If you want to hear more from us, click Subscribe (and click the Alarm Bell button if you want to get notified whenever we release a new video).
If you have any questions, ask it in the comments below - I'll read and answer each one of them and may even make a video about it, who knows!
And if you know someone (or someones) who might benefit from our videos, make sure you share it using the Share button next to the Like button.
Bruno