Goizueta Consulting Association - Emory University

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Goizueta Consulting AssociationGoizueta Business School, Emory University, 1300 Clifton Road, Atlanta GA 30322Abbreviated ContentsAbbreviated Contents. 2Contents . 3Introduction. 12Noonan on Consulting . 13Everyone is a Consultant. 18I-Banking vs. Consulting vs. VC. 20What consultants love (and hate) about consulting . 21Getting the Interview. 23The Interview Process. 25Behavioral Interview . 26Case Interview. 31Public Math . 37Size doesn’t matter. 40Brainteasers . 42Résumé Case. 44Your MBA in a Nutshell. 45Think like a consultant . 67Case-questions and Frameworks. 68Practice Cases. 98Action-verbs for Résumés . 663Sample of Consulting Firms. 664Interview Evaluation Form for Mock-interviews . 665More Resources . 666Consulting Interview BookCompiled by Vivek Pundir, Goizueta MBA’06Page 2 of 666

Goizueta Consulting AssociationGoizueta Business School, Emory University, 1300 Clifton Road, Atlanta GA 30322ContentsAbbreviated Contents. 2Contents . 3Introduction. 12Noonan on Consulting . 13Introduction. 13One person’s perspective (My background & biases): . 13My client experience includes . 13History of consulting at Goizueta . 14Doing the job well. 14Is consulting for you?. 14Was consulting for me? . 15Succeeding on the job . 15Getting the job. 15What is under your control?. 15Preparation . 15Interviewing is a decision process . 16Things to watch out for: Feedback from Firms & Personal Observation . 16A Compact Consulting Library. 17Everyone is a Consultant. 18Industry Elite. 18Boutique Strategy Firms . 18Technology and Systems Consulting Firms . 18Human Resources Consulting. 19Top-10 Consulting Firms, by 2003 Revenues . 19I-Banking vs. Consulting vs. VC. 20What consultants love (and hate) about consulting . 21What's Great. 21Love My Job . 21People Power . 21Learning Environment. 21What's To Hate. 21A Dog’s Life . 21"I’d Rather Be . . .". 21What difference does it make? . 22Getting the Interview. 23Networking at Events (such as those organized by GBS) . 24Before the Event . 24During the Event . 24Exit Strategies . 24After the event . 24Some General Tips from the Experts. 24The Interview Process. 25Getting inside the interviewer’s mind. 25Behavioral Interview . 26Consulting Interview BookCompiled by Vivek Pundir, Goizueta MBA’06Page 3 of 666

Goizueta Consulting AssociationGoizueta Business School, Emory University, 1300 Clifton Road, Atlanta GA 30322The Basics. 26Sample questions . 26Close the deal. 30Case Interview. 31Objective . 31Before the interview. 32The wrong answer. 32Getting the “process” right. 32Step 1 - State the problem . 33Step 2 - Disaggregate the issues . 33Step 3 - Eliminate all non-key issues. 34Step 4 - Conduct critical analysis, porpoise between data and hypothesis. 34Step 5 - Synthesize findings and build argument. 35Some simple tactics. 35What to do in a crisis . 35Public Math . 37It’s the zeroes, it’s always the zeroes. 37Dealing with fractions. 37What’s it with consultants and 15? . 38Size doesn’t matter. 40Market-sizing assumptions . 40Sample of market-sizing question. 41Brainteasers . 42Steep Interest Rates. 42Manholes. 42Soda cans . 42Time-bomb. 42Beer in UK . 43Résumé Case. 44Your MBA in a Nutshell. 45Remember DIA? . 45Decision Tree . 45Risk Profile. 46Probability Distributions. 48Sampling and Central Limit Theorem. 48It’s about the money, honey. 49Supply and Demand . 49Fixed Cost and Variable Cost . 49Marginal Cost and Average Cost. 49Elasticity. 50Opportunity Cost . 52Break-even Point . 52Economies of Scale. 52Network Effects . 53Law of Variable Proportions. 54Prisoner’s Dilemma . 54Pareto Principle . 56Don’t forget strategy. 56Consulting Interview BookCompiled by Vivek Pundir, Goizueta MBA’06Page 4 of 666

Goizueta Consulting AssociationGoizueta Business School, Emory University, 1300 Clifton Road, Atlanta GA 30322Porter’s Five Forces . 56Core Competence . 58Business Process Reengineering. 58Learning Curve . 59Key Success Factors. 59Vertical Integration. 60Porter’s 3 Generic Strategies. 60CSC Index’s Value Disciplines . 60Marketing on my mind. 60The 5 C’s . 61The 4 P’s . 61Product Life Cycle. 62BCG’s Growth-Share Matrix . 63STP . 63McKinsey’s Brand-building Matrix. 63Pricing. 64Marketing Increases Revenues. 65Accounting for Finance. 65Net Present Value. 66Weighted Average Cost of Capital (WACC) . 66Operating on the Business . 66Strategic Outsourcing . 66Think like a consultant . 67Case-questions and Frameworks. 68If Scenarios to remember . 69Sales scenarios . 69Profit scenarios . 69Product scenarios. 69Pricing scenarios. 69Declining Profits . 71Sample Case: Retail Profits (Bain) . 71Increase Profitability. 73Sample Case: Paper Towel Profits (BCG). 73Investment Decision. 76Sample Case: Collin’s Coffins (McKinsey). 76Acquisition. 80Sample Case: Bank UK (McKinsey) . 80International Expansion . 82Sample Case: Beer Brew (Harvard) . 82New-Product Introduction . 84Sample Case: Innovation Factory (McKinsey) . 84Pricing . 89Sample Case: Heart Corp (McKinsey). 89Increase Revenues/ Growth . 95Sample Case: Designer Depot (McKinsey). 95Practice Cases. 98Cases provided by the firms. 98A.T.Keaney - Bicycle Blunders. 98A.T.Kearney - Cookie Cutter. 103Consulting Interview BookCompiled by Vivek Pundir, Goizueta MBA’06Page 5 of 666

Goizueta Consulting AssociationGoizueta Business School, Emory University, 1300 Clifton Road, Atlanta GA 30322A.T.Kearney - Oil Oomph . 107Bain - Food services costs. 111Bain - Giant Bank. 117Bain - Gulf Partners and Acme Packaging. 123BCG - Trevor's Toys. 127BCG - GenCo . 137BCG - Fighter Jet. 145BCG - Foods, Inc. . 151BCG - Canada Co. . 158BCG - Phones in Manhattan . 165BCG - Hotel-sized Shampoo . 166BCG - Light Bulbs . 167Mercer - Hammer Jack . 168Mercer - Star Corporation . 180McKinsey - Magna Health . 186BCG - Additional Questions. 193Cases from interviews. 194Bottling Cognac in Russia (Bain). 194Commercial Gas Market Entry (Booz Allen Hamilton) . 196Credit Card Cost-Cutting. 198Furniture Market Expansion. 199Laundry Profits Dwindling. 200Kool Aid Global Expansion. 201Phone Business Opportunity . 202Airplane New Competition . 203Audio-cassette Poor Sales. 204Agricultural-equipment Profitability. 205Retail Competition. 206Fertilizer Factory (Bain). 210Helpless Helmets (Bain). 212Atlanta Entertainment . 215From Harvard's case-book . 217Retailer Growth. 217Butcher Shop Process. 219Juice Producer Profitability. 221Chemical Manufacturer Profitability. 223VieTire Competition . 225World View TV Profitability. 227Le Seine Investment. 229Auto Service Expansion. 231Travel Agency. 233Hospital Profitability. 235E-Grocery Market-entry. 237Formula Producer Investment . 239Pharmaceutical Product-launch . 241Scotch Manufacturer .

Goizueta Consulting Association Goizueta Business School, Emory University, 1300 Clifton Road, Atlanta GA 30322 Consulting

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