How to Solve a Case Study – A Structured Approach
Key takeaways:
- Follow the 4 Commandments
- Get a feeling and true understanding of the problem and the objective
- Lay out an exhaustive, well-thought-through structure
- Build an initial hypothesis and prioritize the different areas
- Gather data based on your hypothesis and priorities
- Evaluate the data keeping in mind your problem and goal
- Track down the root cause and the area which would have the biggest impact
- Develop possible solutions, weigh them, and choose the best one. Make sure your solution is based on the data irrespective of whether it is positive or negative. Keep in mind that the best feasible solution is truly the best solution!
Do you need more insightful tips on how to approach your case interview in management consulting? Read our comprehensive case interview guide that gives you tips for your case interview preparation, step-by-step explanations to solve the case, and lastly 13 valuable tips for your actual interview day.