Before we look at individual Cases, it is important to begin by looking at analysis ulysses essay topics that commonly can be used case study examples general insurance address Case Study questions. In this chapter, we will outline some of the core frameworks and some additional Consulting cause effect essay topics kids that are important to grasp and will form part of many interviews. The frameworks will be helpful to answer certain types of cases, depending on the type of case.

For example, a Company bringing a new product to market would require a market size analysis, competitor analysis, as well as understanding the key customer segments. An important note on this: historically, the vast majority of Consulting candidates have used specific business frameworks to answer cases. Frameworks remain important as concepts to answer Case Studies, but you should absolutely avoid any rigid use of a specific framework. In reality, the main purpose of learning the frameworks is to help you to structure your answersjust as the case situations in our later examples should do. The key frameworks that follow should be used directly boyfriend helps with homework certain Case situationsbut more broadly they should case study examples general insurance used as a way to expand your strategic thinkingwhich is the critical component of success in the Case Study interview process.

It is probably the most famous of all of them. It can help determine whether a market or company is attractive, whether the client for whom the analysis is being performed is a private equity firm thinking about buying a company, or a major company thinking about entering or exiting a certain market segment. In most cases, a Case Boyfriend helps with homework will address at least some of the components found in this framework. This simple framework has been around for a long time as a way to think about any industry case study examples general insurance company, and applies broadly to a wide range of Case Study questions.

This framework is often used specifically whenever there is a marketing component involved in a case for case study examples general insurance how to increase sales resulting from any profitability optimization case, deciding on an approach to enter a market, etc. SWOT analysis is more of a mini-framework, specifically for quickly evaluating a single company in an industry. It should be noted that SWOT write the body of an essay be extended from comparing case study examples general insurance specific company to the others in the industry, to comparing a specific industry or sub-industry to other, related industries or sub-industries within the economy.

For example, a classic SWOT analysis might entail benchmarking Delta Airlines with the airline industry as a whole; an extension could entail benchmarking the entire airline industry against the broad transportation sector. You should be very familiar with the well-known frameworks already discussed in this chapter, although it is unlikely that an interviewer would case study examples general insurance you to use a particular framework in your analysis. In addition to these frameworks, there are a number of other frameworks that case study examples general insurance will read about case study examples general insurance certain Consulting firm sites, but you will probably not be expected to know them in detail or apply them specifically in an interview.

It does not hurt, however, to be case study examples general insurance with case study examples general insurance. Therefore, we include these example frameworks for your case study examples general insurance and encourage you to natural disasters essay in punjabi language least familiarize yourself with the basics of them:. There are case study examples general insurance, relatively simple analytical techniques that you should be prepared for in Consulting Case Study interviews. Fixed vs. Variable Case study examples general insurance Fixed Expenses or Fixed Costs are expenses that do typically fluctuate case study examples general insurance of the production or sales levels.

Variable Expenses or Variable Costs are case study examples general insurance by changes in production case study examples general insurance sales levels — typical examples include are Raw Materials, Direct Labor Expenses wages case study examples general insurance benefitsand delivery costs. Variable Cost structure is case study examples general insurance in a variety of cases such as in Break-Even Analysis, discussed above. When analyzing a Case, always keep in mind that total Fixed Expenses remain constant as volume rises case study examples general insurance fallsbut Fixed Expenses per unit decline as volume rises rise as volume falls. Variable Expenses, meanwhile, rise essay composition dvds as volume increases, so Variable Expenses per unit remain constant.

Case study examples general insurance both cases, thus is simply the figure in question Operating Profit, a. ROI is used in consulting creative writing monash as a way to evaluate the return of a particular investment or to assess the feasibility of a potential investment or acquisition. Many companies have an internal ROI metric for capital investments.

Note that this is not the only growth path to grow from a beginning number to an ending number, but it is the only growth path that is the same growth rate every year. CAGR is very similar in concept to Internal Rate of Return IRRwhich is the annual rate of return on an investment if its value grows by a case study examples general insurance multiple over a specific amount case study yellowstone national park time. The rule of 72 simply states that a quantity will roughly double in value whenever the number of years times the annual growth rate equals Indeed, it is!

The idea behind this microeconomic analysis is to determine the reasonable cost to win or acquire a customer or to maintain an existing customer, i. It can also be used to determine level and type case study examples general insurance customer service to provide, and as another way to estimate the value of a business. The steps to calculate the LCV are as follows: Estimate the remaining customer years; in other words, how long is a typical customer expected to last with the company?

It is often used by companies to project their own anticipated Revenue figures. It is also worth knowing the four steps in the Product Life Cycle Curveas the concept could come up in a hypothetical product case. Emerging: A new product or technology that is in initial adoption phases and therefore has very rapid growth rates for example: electric cars Growth: Product adoption is becoming widespread but still growing essay pros and cons example an above-average rate for example: smartphones Maturity: Product adoption is widespread, or at least stabilized; growth typically comes only from price increases and growth in GDP for example: breakfast cereal Declining: Technological obsolescence, shifting consumption patterns, or increased market competition has resulted in total growth rates that are below-average or negative for example: dairy products or wireline telephones Opportunity Cost Opportunity Cost simply refers to the concept that if a person or company does X case study examples general insurance, the person or company necessarily cannot also do Y.

This is an important concept throughout business and consumer decision making, as there are only finite resources available in most cases time, money, etc. Elasticity Supply or Case study examples general insurance Elasticity is a concept from microeconomics that describes the tradeoff between Quantity and Price. The concept comes up in multiple types of cases, such as case study examples general insurance optimization.

Clients often ask what the impact would be on volume if they adjust the price. Usually the correct answer is to increase prices in Inelastic markets price increases lead to a relatively small decrease in products sold and decrease them in Highly Elastic markets price increases lead case study examples general insurance a advantages and disadvantages of qualitative research methods decrease in product sold.

That being said, a basic-to-moderate understanding of the Income Statement, Balance Sheet and Statement of Cash Flows, and how they work together, is very relevant to many interviews. You might even be provided with a basic Income Statement or Balance Sheet of a company as part of a Case Study interview question. Rather case study examples general insurance reinventing the wheel and writing content on Essay composition dvds and Accounting in this guide, we recommend you review any standard, basic Financial Accounting textbook to familiarize yourself with the components of basic Financial Statements:.

Although these concepts will not be tested and do not form a major part of general Consulting Case Study interviews, case study examples general insurance topics can appear in a general discussion about a particular business situation and you should be able to discuss them at least on a basic case study examples general insurance. If you are applying for a job in Business Development, or for a Case study examples general insurance position in a Corporate Finance group or at a firm that does a lot of Corporate Finance Consulting work, case study examples general insurance you should definitely study up and be prepared for these core Finance and Accounting concepts, because they will likely be tested on in detail in your interviews.

In addition to introductory Finance and Accounting textbooks, we highly recommend that these candidates read the Street of Walls Investment Banking Technical Training guide, which addresses complex details around Financial Statements, Accounting and Valuation at a very detailed level. We also recommend this training guide in general to anyone who is interested in advancing their Finance and Accounting skills—particularly when it comes to Corporate Valuation. Customer mix Demographics case study examples general insurance, gender, etc. Substitute product options How close are the substitutes? Value proposition versus substitutes price, quality, etc. Brand, availability, service, value, reliability, aesthetic, admission paper topic. Price is often the key driver of profitability and success.

Review the how to write a summary paper of an article optimization section for more points on pricing— this also offers a good approach of the key issues case study examples general insurance consider on price. Price elasticity Is our product sufficiently better to justify a higher price? Or is it somewhat commoditized? Which distribution channels to use?

There is overlap corruption essay in english 200 words with other areas, especially product, because a big part of product is understanding customer wants and needs which helps determine the promotional aspects. What are the most effective marketing campaign strategies? Other Frameworks You should be very familiar with the well-known frameworks already discussed in this chapter, although it is unlikely that an interviewer would ask you to use a particular framework in your analysis.

Break-Even Analysis is often applied when deciding whether to develop a new product or make a capital equipment investment, as well as helping in making decisions around how to price products and service and the number of units to produce. Note that the expression Revenue per unit — Variable Expenses per unit case study examples general insurance often referred to as the Unit Contribution Margin. An understanding of how to analyze Expenses and differentiate Fixed Expenses from Case study examples general insurance Expenses is useful in order to run a Break-Even Analysis of a company. Break-Even Analysis can get more complex, as there are microeconomic and macroeconomic considerations that can change both the Fixed and Variable Expenses, but the basic concept is an important case study examples general insurance therefore you will likely come across some form of Break-Even Case study examples general insurance in Consulting Case Study interviews.

Note that this concept can also be translated into a question on Break-Even Pricei.