Alibaba Business Model. In this interactive presentation--one in a series of multimedia frameworks--McKinsey director emeritus John Stuckey comments on SCP, a framework that illustrates the influence of an industry's structure on the conduct and performance of industry players, and the effects of external shocks on all three. I recently read the McKinsey Mind which is a great, quick book that offers a simple problem-solving framework and quite a few consulting techniques, proven and tested by McKinsey and its people. Developed in the early 1980s by Tom Peters and Robert Waterman, two consultants working at the McKinsey & Company consulting firm, the basic premise of the model is that there are seven internal aspects of an organization that need to be aligned if it is to be successful. MECE stands for “mutually exclusive” and “collectively exhaustive” 1. If you use pre-defined frameworks, you run the risk of missing important elements of the specific problem you are trying to solve. The Mutually Exhaustive Collectively Exhaustive (MECE) framework is an important problem structuring principle that consultants use to organize data efficiently and comprehensively. A follow-up to How to use the MECE framework. If you’ve studied business at the undergraduate or graduate level, the basic frameworks can still help you. How I Passed 60 out of 61 Case Interviews (From a Former McKinsey Case Interviewer) Hi, my name is Victor Cheng. To discover how I passed 60 out of 61 case interviews and landed 7 consulting job offers become a member of Case Four of these—simple, complicated, complex, and chaotic—require leaders to diagnose situations and to act in contextually appropriate ways. Business Model of Medlife. Secondly, this framework is grounded in a simple mathematical basis – there’s no confusing qualitative concept to get lost in; heck, “revenues minus costs equal profits” is common sense. 4 Hypothesis driven problem solving Remember Minto1 – The Pyramid Principle •Structured communication is a very important part of case interviews. Balanced Force Examples in Daily Life. Page 2 of 4 . A Framework for Validating an M&A Deal Thesis Stephen G. Morrissette University of St. Francis This paper organizes a variety of existing strategy theories, typologies and models into a framework that can be used to analyze and validate the investment thesis for a proposed acquisition by a … Investments or single business cases need to be evaluated based on a certain set of criteria. The framework should be a starting point to define shared expectations of skills and performance, but applied flexibly depending on the context of the job and individual worker’s development levels and aspirations. MECE and 80/20 rule is the foundation on which consulting analyses are built. with titles containing Grouping Deutsch s scale illusion Argument map Concept map Mind map MECE principle Principle of abstraction Group disambiguation original has double bars over the symbols M and N Event structure MECE principle Probability theory Set theory Couturat, Louis Gillingham Robinson landing page is especially important for the final conversions. A good framework is a bit like a tailor made suit: it is adapted to the problem you are trying to solve, the company, the industry and it is also as MECE as possible. Use R-S-C when the audience will mostly accept your resolution but still needs to build conviction. MECE Case Framework Example So in contrast, if you wanted to solve this problem using a structure that was more MECE, you want to make sure that you don’t have any overlap in data. executive summary, slides and proposed appendixes! In this post, we introduce another useful strategy framework – PEST Analysis. In the discussion on SWOT analysis as a tool for strategy development, we talked about internal factors (strengths and weaknesses) and external factors (opportunities and threats) that can have an impact on business. Find Your Own Mentor 141 15. as a whole with regard to validity and completeness. Backward and Forward Integration. The team now goes back to the list of issues and themes it developed. a framework to communicate your story ... prepare a PPT to present to the company’s busy CEO to whom this is new information. We use our HR Operating Model Framework to help guide clients with aligning their HR function with their business and people strategy. Decision Trees, which must be MECE. This stands for: Situation; Complication; Question; Answer; The situation and complication are the first steps to assess a problem and figuring out what is happening and to get the framing of the problem correct. GE–McKinsey nine-box matrix: Kevin Coyne, a McKinsey alumnus and senior adviser to the firm on strategy, describes the GE–McKinsey nine-box matrix.Read more about the nine-box matrix. I thank my parents, Amram and Rosa Rasiel, for their understanding and assistance. Continue reading this section to learn about them. Winner of the Standing Ovation Award for “Best PowerPoint Templates” from Presentations Magazine. Either way, adding frameworks to your knowledge base will improve your ability to solve difficult problems and articulate your views coherently in a business presentation. My first consulting success was down to pure luck. Mercer's HR Operating Model Framework. Before the advent of the 7S Model, when managers thought about organizational design, they tended to focus on structure and strategy. MECE Framework. Of course, my … Shared values: the values and beliefs of the company. Mckinsey found in: Mckinsey 7S Framework Circular Layout With Icons Ppt PowerPoint Presentation Ideas Microsoft, Mckinsey 7S Strategic Management Ppt PowerPoint Presentation Complete Deck With Slides, Mckinsey 7S Framework Ppt.. PEST Analysis. A key tool to asses this impact is the cost-benefit analysis which is used to determine the net effect of potential revenues and costs. framework. 6. Review the logic and verify the diagram. CodeGround Recruitment Tests can be used during Campus Recruitment or screening walk-in candidates. What it does best. …The framework sorts the issues facing leaders into five contexts defined by the nature of the relationship between cause and effect. They'll give your presentations a professional, memorable appearance - the kind of sophisticated look that today's audiences expect. Business Strategy and Innovation Framework IIC:PUB:B01:V1.0:PB:20161115 - 7 - 1 OVERVIEW 1.1 INTRODUCTION This document is a deliverable of the Business Strategy Task … The two main ways to order the framework components are: S-C-R and R-S-C. Use S-C-R when you want to build up the story, esp. Simon Carne, especially for his help with the section on MECE; many thanks as well to Adam Gold for pushing my thinking dur­ ing the very early stages of this book. In order to define the problem, it is useful again to use a valuable framework called the SCQA framework. Ultimately they guide employees towards 'valued' behavior. 5 Effusion Examples in Real Life. Advertising Objectives: Types, Goals, Examples. In this article, we will cover how to utilize MECE in a case interview setting. She was a direct communicator — an all-around […] when the audience is unlikely to immediately accept your resolution. Sketch your storyline incl. Introduction and Definition. Related HR Transformation Mercer's high performance HR of the future Read More. Types of Marketing Information System. I'm a former McKinsey consultant, resume screener, and case interviewer. Contact a … If necessary, make adjustments. The point of contact was a woman handling digital marketing for a SaaS startup. And the key way to do that is to think about the market as a whole, and then to think about just the competitor breakdown, and the customer breakdown. You can use the MECE framework to help you think clearly about a business problem PART FOUR: SURVIVING AT McKINSEY 139 14. If not, is the tree missing some questions? If I had been collaborating with any other client, it would’ve gone the other way. Recent Posts. MECE FRAMEWORK for STRUCTURED THINKINGCRACK Scenario-based & Case Interview Questions CodeGround Online Testing Platform is an online assessment and evaluation system that helps Recruiters conduct online screening tests to filter candidates before the interview process. McKinsey 7S Framework is a strategic planning tool designed to help an organization understand if is it set-up in a way that allows it to achieve its objectives. Benefit of the MECE framework. MECE is a way of segmenting information into sub-elements that are mutually exclusive and collectively exhaustive. Surviving on the Road 145 16. You can use the MECE framework to help you think clearly about a business problem. o Question to ask for each problem: are these causes sufficient to explain why this MECE – A Guide to the MECE Principle With Applied Examples MECE is a best practice method to lay down a robust structure for your case interview. In other words, elements should “exclude” each other, i.e. Are some of the issues irrelevant? •Combined with strong logical reasoning will prove your abilities for a case Situation Complication Question Hypothesis Point A Point B Point C ¾Summarize the situation, complication, and question to be answered in the beginning Since financial performance is the key criterion in most cases you need to have an idea about future financial impacts. A Good Assistant Is a Lifeline 153 18. THE SOFT S’s Skills: the capabilities and competencies that exist within the company. First, A Quick History of MECE The concept of MECE was brought into the world by Barbara Minto, who worked at McKinsey in the 1960s and 1970s. Take These Three Things with You Wherever You Go 149 17. Background. World's Best PowerPoint Templates - CrystalGraphics offers more PowerPoint templates than anyone else in the world, with over 4 million to choose from. Can they find a place on the tree where every issue and theme can be tested? If this is the first time you’ve even heard of a case interview framework, the best place to start your case interview prep is with 2 basic frameworks you can use to address any business problem. Benefit of the MECE framework. Applying the Framework to an Example Staff: the company's people resources and how the are developed, trained and motivated. Ultimately, the framework may fit directly into your presentation as a MECE structure, or they may appear on one slide, say related to evaluating market uncertainty. MECE stands for “mutually exclusive and collectively exhaustive” and is one of the hallmarks of problem solving at McKinsey (The McKinsey Way by Ethan M. Rasiel).. 2. Firstly, the Profitability Framework is a surefire way to draw a structured issue tree, as the framework is fundamentally MECE. ... MECE Mutually Exclusive Collectively Exhaustive THE ARGUMENT. 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