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Business Analysis Case Study: Unlocking Growth Potential for a Company 

Have you ever wondered what are the necessary steps for conducting a Business Analyst Case Study? This blog will take you through the steps for conducting it.

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Table of Contents  

1) An overview of the Business Analysis Case Study 

2) Step 1: Understanding the company and its objectives 

3) Step 2: Gathering relevant data 

4) Step 3: Conducting SWOT analysis 

5) Step 4: Identifying key issues and prioritising 

6) Step 5: Analysing the root causes 

7) Step 6: Proposing solutions and developing an action plan 

8) Step 7: Monitoring and evaluation 

9) Conclusion 

An overview of the Business Analysis Case Study  

To kickstart our analysis, we will gain a deep understanding of the company's background, industry, and specific objectives. By examining the hypothetical company's objectives and aligning our analysis with its goals, we can lay the groundwork for a focused and targeted approach. This Business Analysis Case Study will demonstrate how the analysis process is pivotal in driving growth and overcoming obstacles that hinder success. 

Moving forward, we will navigate through various steps involved in the case study, including gathering relevant data, conducting a SWOT analysis, identifying key issues, analysing root causes, proposing solutions, and developing an action plan. By following this step-by-step approach, we can address the core challenges and devise actionable strategies that align with the company's objectives. 

The primary focus of this Business Analysis Case Study is to highlight the significance of Business Analysis in identifying key issues, evaluating potential growth opportunities, and developing effective solutions. Through a comprehensive examination of the hypothetical company's strengths, weaknesses, opportunities, and threats, we will gain valuable insights that drive informed decision-making. 

By the end of this Business Analysis Case Study, we aim to provide a holistic view of the analysis process, its benefits, and the transformative impact it can have on unlocking growth potential. Through real-world examples and practical solutions, we will showcase the power of Business Analysis in driving success and propelling companies towards achieving their goals. So, let's dive into the fascinating journey of this Business Analysis Case Study and explore the path to unlocking growth potential for our hypothetical company. 

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Step 1: Understanding the company and its objectives  

In this initial step, we need to gain a thorough understanding of the hypothetical company's background, industry, and specific objectives. Our hypothetical company, TechSolutions Ltd., is a software development firm aiming to expand its customer base and increase revenue by 20% within the next year. 

TechSolutions Ltd. operates in the dynamic software solutions market, catering to various industries such as finance, healthcare, and manufacturing. The company's primary objective is to leverage its technical expertise and establish itself as a leading provider of innovative software solutions. This objective sets the foundation for our analysis, enabling us to align our efforts with the company's goals. 

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Step 2: Gathering relevant data  

To conduct a comprehensive analysis, we need to gather relevant data pertaining to the company's operations, market trends, competitors, customer preferences, and financial performance. This data serves as a valuable resource to gain insights into the company's current position and identify growth opportunities. 

For our case study, TechSolutions Ltd. collects data on various aspects, including customer satisfaction levels, market penetration rates, and financial metrics such as revenue, costs, and profitability. Additionally, industry reports, market research, and competitor analysis provide insights into market trends, emerging technologies, and the competitive landscape. This data-driven approach ensures that our analysis is well-informed and grounded in reality. 

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Step 3: Conducting SWOT analysis  

A SWOT analysis is a powerful tool to assess the company's internal strengths and weaknesses, as well as external opportunities and threats. By conducting a thorough SWOT analysis, we can gain valuable insights into the company's strategic position and identify factors that impact its growth potential. 

Step 4: Identifying key issues and prioritising  

In the case of TechSolutions Ltd., the analysis reveals two primary issues: an outdated technology infrastructure and limited marketing efforts. These issues are prioritised as they directly impact the company's ability to meet its growth objectives. By addressing these key issues, TechSolutions Ltd. can position itself for sustainable growth. 

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Step 5: Analysing the root causes  

To develop effective solutions, we must analyse the root causes behind the identified issues. This involves a detailed examination of internal processes, conducting interviews with key stakeholders, and exploring market dynamics. By identifying the underlying factors contributing to the issues, we can tailor our solutions to address them at their core. 

In the case of TechSolutions Ltd., the analysis reveals that the outdated technology infrastructure is primarily due to budget constraints and a lack of awareness about the latest software solutions. Limited marketing efforts arise from a shortage of skilled personnel and inadequate allocation of resources. 

Understanding these root causes provides valuable insights for developing targeted and impactful solutions. 

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Step 6: Proposing solutions and developing an action plan  

For TechSolutions Ltd., the following solutions are proposed: 

a) Allocate a portion of the budget for technology upgrades and training: TechSolutions Ltd. should allocate a dedicated portion of its budget to upgrade its technology infrastructure and invest in training its employees on the latest software tools and technologies. This will ensure that the company remains competitive and can deliver cutting-edge solutions to its customers. 

b) Hire a dedicated marketing team and allocate resources for targeted campaigns: To overcome the limited marketing efforts, TechSolutions Ltd. should invest in building a skilled and dedicated marketing team. This team will focus on developing comprehensive marketing strategies, leveraging digital platforms, and conducting targeted campaigns to reach potential customers effectively. 

c) Strengthen partnerships with industry influencers: Collaborating with industry influencers can significantly enhance TechSolutions Ltd.'s brand visibility and credibility. By identifying key industry influencers and forming strategic partnerships, the company can tap into their existing networks and gain access to a wider customer base. 

d) Implement a customer feedback system: To enhance product quality and meet customer expectations, TechSolutions Ltd. should establish a robust customer feedback system. This system will enable the company to gather valuable insights, identify areas for improvement, and promptly address any customer concerns or suggestions. Regular feedback loops will foster customer loyalty and drive business growth. 

The proposed solutions are outlined in a detailed action plan, specifying the timeline, responsible individuals, and measurable milestones for each solution. Regular progress updates and performance evaluations ensure that the solutions are effectively implemented and deliver the desired outcomes. 

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Step 7: Monitoring and evaluation  

Conclusion  

In this detailed Business Analysis Case Study, we explored the challenges faced by a hypothetical company, TechSolutions Ltd., and proposed comprehensive solutions to unlock its growth potential. By following a systematic analysis process, which includes understanding the company's objectives, conducting a SWOT analysis, identifying key issues, analysing root causes, proposing solutions, and monitoring progress, businesses can effectively address their challenges and drive success. 

Business Analysis plays a vital role in identifying areas for improvement and implementing strategic initiatives. By leveraging data-driven insights and taking proactive measures, companies can navigate competitive landscapes, overcome obstacles, and achieve their growth objectives. With careful analysis and targeted solutions, TechSolutions Ltd. is poised to unlock its growth potential and establish itself as a leading software development firm in the industry. By implementing the proposed solutions and continuously monitoring their progress, the company will be well-positioned for long-term success and sustainable growth. 

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Frequently Asked Questions

To crack business case studies, it’s essential to understand the problem in depth and develop a structured approach to analyse the various components of the case. Practicing with a variety of case types and focusing on building a logical solution framework can significantly enhance your case-solving skills. 

When writing a case study analysis for a business, start by providing an introductory overview that sets the context and outlines the challenges faced. Then, provide details on the implemented solutions and their impact, followed by key results and recommendations for future actions. 

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The Knowledge Academy’s Knowledge Pass , a prepaid voucher, adds another layer of flexibility, allowing course bookings over a 12-month period. Join us on a journey where education knows no bounds. 

The Knowledge Academy offers various Business Analysis Courses , including the BCS Foundation Certificate in Agile, BCS Certificate in Business Analysis Practice and BCS Practitioner Certificate in Requirements Engineering. These courses cater to different skill levels, providing comprehensive insights into Use Cases in Business Analysis .  

Our Business Analysis Blogs cover a range of topics related to Business Analysis, offering valuable resources, best practices, and industry insights. Whether you are a beginner or looking to advance your Business Analysis skills, The Knowledge Academy's diverse courses and informative blogs have got you covered. 

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Business Analyst Case Study | Free Case Study Template

Business analyst case studies blog describes an actual business analyst case study. This provides real-world exposure to new business analysts.

In this blog, we will be discussing what is business analysis case study, why develop them, when to develop them and how to develop them. We will provide a real business case analysis case study for better understanding.

Let’s start with understanding what is business analysis before we go to analyst case studies.

Topics Below

What is a business analysis case study 

Why prepare business analysis case study 

When to prepare business analysis case study

How to prepare business analysis case study

Example Business Analysis Case Studies

What is Business Analysis Case Study?

Before we try to understand, Business Analysis Case Study, let's understand the term case study and business analysis.

As per Wikipedia, a case study is:

"A case study is an in-depth, detailed examination of a particular case (or cases) within a real-world context."

For example, case studies in medicine may focus on an individual patient or ailment; case studies in business might cover a particular firm's strategy or a broader market; similarly, case studies in politics can range from a narrow happening over time like the operations of a specific political campaign, to an enormous undertaking like, world war, or more often the policy analysis of real-world problems affecting multiple stakeholders.

So, we can define Business Analysis Case Study as

"A Business Analysis case study is an in-depth, detailed examination of a particular business analysis initiative."

What is Business Analysis?

The BABOK guide defines Business Analysis as the “Practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders”. Business Analysis helps in finding and implementing changes needed to address key business needs, which are essentially problems and opportunities in front of the organization.

Business analysis can be performed at multiple levels, such as at:

• The enterprise level, analyzing the complete business, and understanding which aspects of the business require changes.
• The organization level, analyzing a part of the business, and understanding which aspects of the organization require changes.
• The process level, analyzing a specific process, understanding which aspects of the process require changes.
• The product level, analyzing a specific product, and understanding which aspects of the product require changes.  

Why Develop Business Analyst Case Study

Business analysis case studies can be useful for multiple purposes. One of the purpose can be to document business analysis project experiences which can be used in future by other business analysts.

This also can be used to showcase an organizations capabilities in the area of business analysis. For example, as Adaptive is a business analysis consulting organization, it develops multiple business analysis case studies which show cases the work done by Adaptive business analysts for the client. You can read one such case study for a manufacturing client .

When To Develop Business Analyst Case Study

Business analysis case studies are typically prepared after a project or initiative is completed. It is good to give a little time gap before we develop the case study because the impact of a change may take a little while after the change is implemented.

Most professionals prepare business analysis case studies for projects which are successful. But it is also important to remember that not all changes are going to be successful. There are definitely failures in an organizations project history.

It is also important to document the failure case studies because the failures can teach us about what not to do in future so that risks of failures are minimized.

How To Develop A Business Analyst Case Study

Document business problem / opportunity.

In this section of the business analyst case studies, we discuss the actual problem of the business case analysis example.

ABC Technologies has grown rapidly from being a tiny organization with less than 5 projects to one running 200 projects at the same time. The number of customer escalations has gone up significantly. Profitability is getting eroded over a period of time. Significant management time is spent in fire-fighting than improving the business.

Top management estimated a loss of 10% profitability due to poor management of projects which is estimated at about 10 Million USD per annum.

Document Problem / Opportunity Analysis

For our above business problem, we captured the following analysis details.

Discussions with key stakeholders revealed the following challenges in front of ABCT management:

• There is very little visibility of project performances to top management
• Non-standard project reporting by various projects makes it harder for top management to assess the correct health of the project
• Practically there is no practice of identifying risks and mitigating them
• Project practices are largely non-standardized. Few project managers do run their projects quite well because of their personal abilities, but most struggle to do so.
• Due to rapid growth, management has no option but to assign project management responsibilities to staff with little or no project management experience.

Document Identified Solutions 

Based on root cause analysis, management decided to initiate a project to standardize management reporting. This required the organization to implement a project management system. The organization initially short-listed 10 project management tools. After comparing the business needs, tools, their costs, management decided to go with a specific tool.

Document Implementation Plan

The purchased tool lacked integration into the organizations existing systems. The vendor and organization’s IT team developed a project plan to integrate the new system with the existing systems.

Document Performance Improvements 

After a year, the effectiveness of the project was assessed. Projects showed remarkable improvement wrt reduced customer escalations, better on-time billing, and better risk management. The system also allowed the organization to bid for larger contracts as the prospective customers demanded such a system from their suppliers. The application was further enhanced to cater to the needs of other businesses in the enterprise as they were different legal entities, and their policies were different.

Document lessons learnt

Some of the key lessons learnt during this business analysis initiative were:

1. Stakeholder buy-in in extremely important to the success of the project

2. It is always better to go with iterative approach achieve smaller milestones and then go for larger milestones

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August 20, 2019 From the BA Life of Glenn Hughes, MBA, CBAP Narrated by Jodie Kane << back to the scenarios list -->

Building Customer Centric Teamwork

Implementing a cots package product in a regulated environment, meet glenn hughes, mba, cbap senior business systems analyst consultant in the pharmaceutical industry.

ABC Pharma’s Challenge

Prior to commencing the COTS implementation project, ABC Pharma utilized an RFP process to select a COTS package that will support the needs of their scientists in the R&D and clinical business areas. The scientists need to have thorough documentation and precise content generated through the course of their work. The package will enable upload, storage, management of digital assets – and include record retention rules, management of security and authority levels, and integration of data with other applications. It will also capture the required regulatory audit trails with transparency, compliance and reportable audit trails. These scientists are dealing with human trials. ABC Pharma must do this right.

Solution Selected

Best Product was the chosen COTS package as the best fit for ABC Pharma’s requirements. Their practical implementation approach and cost-effective plan to address the high priority configuration needs uncovered through the gap assessment had won the attention of the business leadership team. The scientists and auditors were looking forward to a more streamlined process that would reduce some of the existing costs and risks associated with managing their digital assets. Leaders were cautiously thrilled with the prospect of better reporting and transparency to help improve regulatory compliance. The technology team was happy to be replacing an unstructured process that had more band-aids than they cared to let anyone know about.

Glenn was pleased at the spirited energy level from both the business and technology folks during the first project kick-off meeting with the vendor. High level build and release plans and architecture diagrams for the implementation of the new COTS package were reviewed. Everyone celebrated with hopeful confidence.

The standard RFP process had provided a solid foundation of the business requirements. Glenn had worked with the business team to create  Personas of the primary stakeholders who would be using the new tool, the scientists and the auditors. The personas really helped to visualize the unique needs and challenges of each customer. Combined with the Journey Map and content strategy, these visuals gave clear insights and exposed an understanding of some requirements that were unique to ABC Pharma.

Kick-off Preparation

Before the kick-off meeting, Glenn had created a presentation that provided an overview of the solution scope for the MVP release. He had started his Stakeholder Map, adding the stakeholders and technology team members that were listed on the project plan. Even though the PM had a stakeholder list, Glenn likes to keep his own list. Understanding the characteristics of each person helps him to plan the best ways to work with the team. After the kick-off meeting, he updated the Stakeholder Map with some changes and additions. He also added some information to clarify roles and accountabilities, and communication preferences. He wants to keep the stakeholder map current because he knows how important it is to effectively build relationships and engage appropriately with the whole project team.

Risk - Streamlining UAT Issues

In the early stages of the implementation process, Glenn had attended his local IIBA Chapter monthly meeting. The speaker had talked a lot about “thinking and being agile” regardless of the SDLC. She challenged BA’s in any industry or SDLC framework to always seek better ways of working with people through empathy and understanding, and to have a full toolkit of techniques ready for use. During the meeting, Glenn thought about the challenges of the regulatory requirements artifacts he had to deliver and the risks of finding issues during UAT in ABC Pharma’s primarily waterfall SDLC.

While necessary for audit and compliance and despite the effort to write them, the lengthy requirements artifact documents posed challenges for business requirements sign-off, developer configurations and the QA teams test cases. They lacked the dynamics of the visualization and models. And typically, by the time issues were identified in UAT, it was too late to affect change without cost of time and/or money. Glenn had an idea to modify their process by demonstrating development work in progress on a regular bi-weekly cycle. The stakeholders would need to agree to and understand that the functionality was in progress, not ready for testing but at a point where things could be changed, within reason, and not delay delivery or add cost. The chance of catching any big gotcha’s early on decreased the risk of failure.

Agreeing on Functional Strategy - Giving Stakeholders More Visibility

After the kick-off meeting, Glenn had scheduled a meeting with the core project team. He had included both business, technology and vendor team members, but only the “pigs” as they would say in Scrum, the ones who have skin in the game. “I have an idea that I’d like to talk about with all of you. I think it may help us, but only if we all work together and agree to open honest communication” was his opening statement as he posted this diagram on the screen:

He explained a process where they would work in iterations or sprints, at fixed time periods and scope. The business stakeholders on the core team would be involved throughout the process, not just at the end, so they had more visibility into the progress and increased opportunity to influence the final product. There would be some additional time investment on the front-end of the work effort, however, he was certain that it would pay off by the reduction of risk in the formal UAT testing phase and increase the stakeholder satisfaction level. Glenn asked everyone to take a few minutes to think about his proposal and jot down their questions, ideas and concerns. After a few minutes, he opened the space for safe dialogue inviting everyone to speak up.

“What about the regulatory documents?” asked Darcy, the audit stakeholder.

“I will continue to work on those as we progress. I believe the final documents will be a better product using this process.” Glenn replied. “And when you review the documents for sign-off, you will have a better understanding of what you are agreeing to”. Darcy smiled. “I like it, count me in”.

Sergey, the lead developer from the vendor spoke up. “We’re going to need data mapping with transformation rules from the source data fields to the target data fields. We also need to know which reports use the target data fields”.

“Yes”, Glenn responded, “those are over 75% completed. I’ll schedule time with you to review the artifacts and ensure that everything you need is included”.

Sergey nodded with approval and then added, “To be honest, I’m a little nervous about demonstrating our progress without the completed functionality. People will need to understand that it may not always look like a lot was accomplished. It’s kind of like constructing a building where the foundation and work under the covers isn’t always pretty, but I’m willing to try it too. Maybe we can find a way to demonstrate the foundation progress.

Glenn looked towards the business SME’s assigned to the project. Dr. Lee spoke up. “If I’m understanding this correctly, this may eliminate the blackhole feeling we have during development and the frustration we have in UAT when something doesn’t look like what we expected?”.

Glenn smiled. “Yes, that’s the plan” he replied. “We’ll work out a process to evaluate any changes you request during the demos and you’ll know right where we are”.

It appeared that everyone was onboard, however, Glenn wanted to get a deeper sense of where people really stood on the idea. Knowing their commitment to it would help him with future planning. He moved to the next slide and said, “Let’s seal it with a Fist to Five vote”.

Glenn breathed a sigh of relief. He didn’t get all 5’s, but he hadn’t expected to. If he had, he would have known that everyone hadn’t bought in to the safety and trust of their teamwork yet. With the 11 core team members, an overall average of 3.9 in the Fist to Five with no one under a 3 was a good sign. He had commitment. After the second demo, he planned to do another Fist to Five to keep his finger on the pulse of the team.

Culture Enables Strategy

“We have a few more minutes so let’s cover one more thing” Glenn said as he looked across the team and pulled up one more slide. “We have agreed on a functional strategy” and he typed in the bullet points as he spoke, “Code deploy to vendor sandbox bi-weekly on Thursday morning. Vendor review with BA after deployment. Bi-weekly demos on Thursday’s at 1:30. Feedback will be documented. Any change requests will be prioritized by the business and evaluated by the technology team.” He then asked, “Does that sound reasonable?”. Everyone expressed agreement.

Glenn continued, “The culture is how we commit to working together, our core values. This is what will make the difference. I have two that I’d like to start with” typing as he spoke, “Periodic retrospection to improve. Honest, candid communication.”

“Ok, I have one” piped up Dr. Lee, “Ask questions to understand”.

“Don’t take it personally” Darcy said.

“I have one to add too” Sergey chimed in, “Remember that we share the same goal”.

“Great start! These Working Agreements help us to solidify our team culture.” Glenn said as he began the closing of the meeting. He reiterated the next steps and closed the meeting 3 minutes ahead of schedule. People tend to walk away from meetings that end early or at least on time in a better state of mind. This slide will be one of the first at the start of each demo as a reminder and to set the tone for the team’s exchange during the demo meetings.

This story demonstrates a great start to the project and the teamwork. It doesn’t always start this well, but it’s possible. For the most part, people like to work together successfully. Remembering to integrate an element of fun into the process contributes to a healthy team culture too. Glenn has facilitated improvements to team engagement and demonstrated leadership in his role as the business analyst.

In Scenario 2, we’ll see what happens next…

Technique guides and templates included in this story: 

Not an IIBA Member? Join now for access to the Persona guide.

Learn more about Becoming an IIBA Member

Not an IIBA Member? Join now for access to the Journey Maps guide.

Not an IIBA Member? Join now for access to the Stakeholder List/Map guide.

Not an IIBA Member? Join now for access to the Fist to Five guide.

Not an IIBA Member? Join now for access to the Working Agreements guide.

Data Analytics Case Study: Complete Guide in 2024

What are data analytics case study interviews.

When you’re trying to land a data analyst job, the last thing to stand in your way is the data analytics case study interview.

One reason they’re so challenging is that case studies don’t typically have a right or wrong answer.

Instead, case study interviews require you to come up with a hypothesis for an analytics question and then produce data to support or validate your hypothesis. In other words, it’s not just about your technical skills; you’re also being tested on creative problem-solving and your ability to communicate with stakeholders.

This article provides an overview of how to answer data analytics case study interview questions. You can find an in-depth course in the data analytics learning path .

How to Solve Data Analytics Case Questions

Check out our video below on How to solve a Data Analytics case study problem:

With data analyst case questions, you will need to answer two key questions:

• What metrics should I propose?
• How do I write a SQL query to get the metrics I need?

In short, to ace a data analytics case interview, you not only need to brush up on case questions, but you also should be adept at writing all types of SQL queries and have strong data sense.

These questions are especially challenging to answer if you don’t have a framework or know how to answer them. To help you prepare, we created this step-by-step guide to answering data analytics case questions.

We show you how to use a framework to answer case questions, provide example analytics questions, and help you understand the difference between analytics case studies and product metrics case studies .

Data Analytics Cases vs Product Metrics Questions

Product case questions sometimes get lumped in with data analytics cases.

Ultimately, the type of case question you are asked will depend on the role. For example, product analysts will likely face more product-oriented questions.

Product metrics cases tend to focus on a hypothetical situation. You might be asked to:

Investigate Metrics - One of the most common types will ask you to investigate a metric, usually one that’s going up or down. For example, “Why are Facebook friend requests falling by 10 percent?”

Measure Product/Feature Success - A lot of analytics cases revolve around the measurement of product success and feature changes. For example, “We want to add X feature to product Y. What metrics would you track to make sure that’s a good idea?”

With product data cases, the key difference is that you may or may not be required to write the SQL query to find the metric.

Instead, these interviews are more theoretical and are designed to assess your product sense and ability to think about analytics problems from a product perspective. Product metrics questions may also show up in the data analyst interview , but likely only for product data analyst roles.

TRY CHECKING: Marketing Analytics Case Study Guide

Data Analytics Case Study Question: Sample Solution

Let’s start with an example data analytics case question :

You’re given a table that represents search results from searches on Facebook. The query column is the search term, the position column represents each position the search result came in, and the rating column represents the human rating from 1 to 5, where 5 is high relevance, and 1 is low relevance.

Each row in the search_events table represents a single search, with the has_clicked column representing if a user clicked on a result or not. We have a hypothesis that the CTR is dependent on the search result rating.

Write a query to return data to support or disprove this hypothesis.

search_results table:

search_events table

Step 1: With Data Analytics Case Studies, Start by Making Assumptions

Hint: Start by making assumptions and thinking out loud. With this question, focus on coming up with a metric to support the hypothesis. If the question is unclear or if you think you need more information, be sure to ask.

Answer. The hypothesis is that CTR is dependent on search result rating. Therefore, we want to focus on the CTR metric, and we can assume:

• If CTR is high when search result ratings are high, and CTR is low when the search result ratings are low, then the hypothesis is correct.
• If CTR is low when the search ratings are high, or there is no proven correlation between the two, then our hypothesis is not proven.

Step 2: Provide a Solution for the Case Question

Hint: Walk the interviewer through your reasoning. Talking about the decisions you make and why you’re making them shows off your problem-solving approach.

Answer. One way we can investigate the hypothesis is to look at the results split into different search rating buckets. For example, if we measure the CTR for results rated at 1, then those rated at 2, and so on, we can identify if an increase in rating is correlated with an increase in CTR.

First, I’d write a query to get the number of results for each query in each bucket. We want to look at the distribution of results that are less than a rating threshold, which will help us see the relationship between search rating and CTR.

This CTE aggregates the number of results that are less than a certain rating threshold. Later, we can use this to see the percentage that are in each bucket. If we re-join to the search_events table, we can calculate the CTR by then grouping by each bucket.

Step 3: Use Analysis to Backup Your Solution

Hint: Be prepared to justify your solution. Interviewers will follow up with questions about your reasoning, and ask why you make certain assumptions.

Answer. By using the CASE WHEN statement, I calculated each ratings bucket by checking to see if all the search results were less than 1, 2, or 3 by subtracting the total from the number within the bucket and seeing if it equates to 0.

I did that to get away from averages in our bucketing system. Outliers would make it more difficult to measure the effect of bad ratings. For example, if a query had a 1 rating and another had a 5 rating, that would equate to an average of 3. Whereas in my solution, a query with all of the results under 1, 2, or 3 lets us know that it actually has bad ratings.

Product Data Case Question: Sample Solution

In product metrics interviews, you’ll likely be asked about analytics, but the discussion will be more theoretical. You’ll propose a solution to a problem, and supply the metrics you’ll use to investigate or solve it. You may or may not be required to write a SQL query to get those metrics.

We’ll start with an example product metrics case study question :

Let’s say you work for a social media company that has just done a launch in a new city. Looking at weekly metrics, you see a slow decrease in the average number of comments per user from January to March in this city.

The company has been consistently growing new users in the city from January to March.

What are some reasons why the average number of comments per user would be decreasing and what metrics would you look into?

Step 1: Ask Clarifying Questions Specific to the Case

Hint: This question is very vague. It’s all hypothetical, so we don’t know very much about users, what the product is, and how people might be interacting. Be sure you ask questions upfront about the product.

Answer: Before I jump into an answer, I’d like to ask a few questions:

• Who uses this social network? How do they interact with each other?
• Has there been any performance issues that might be causing the problem?
• What are the goals of this particular launch?
• Has there been any changes to the comment features in recent weeks?

For the sake of this example, let’s say we learn that it’s a social network similar to Facebook with a young audience, and the goals of the launch are to grow the user base. Also, there have been no performance issues and the commenting feature hasn’t been changed since launch.

Step 2: Use the Case Question to Make Assumptions

Hint: Look for clues in the question. For example, this case gives you a metric, “average number of comments per user.” Consider if the clue might be helpful in your solution. But be careful, sometimes questions are designed to throw you off track.

Answer: From the question, we can hypothesize a little bit. For example, we know that user count is increasing linearly. That means two things:

• The decreasing comments issue isn’t a result of a declining user base.
• The cause isn’t loss of platform.

We can also model out the data to help us get a better picture of the average number of comments per user metric:

• January: 10000 users, 30000 comments, 3 comments/user
• February: 20000 users, 50000 comments, 2.5 comments/user
• March: 30000 users, 60000 comments, 2 comments/user

One thing to note: Although this is an interesting metric, I’m not sure if it will help us solve this question. For one, average comments per user doesn’t account for churn. We might assume that during the three-month period users are churning off the platform. Let’s say the churn rate is 25% in January, 20% in February and 15% in March.

Step 3: Make a Hypothesis About the Data

Hint: Don’t worry too much about making a correct hypothesis. Instead, interviewers want to get a sense of your product initiation and that you’re on the right track. Also, be prepared to measure your hypothesis.

Answer. I would say that average comments per user isn’t a great metric to use, because it doesn’t reveal insights into what’s really causing this issue.

That’s because it doesn’t account for active users, which are the users who are actually commenting. A better metric to investigate would be retained users and monthly active users.

What I suspect is causing the issue is that active users are commenting frequently and are responsible for the increase in comments month-to-month. New users, on the other hand, aren’t as engaged and aren’t commenting as often.

Step 4: Provide Metrics and Data Analysis

Hint: Within your solution, include key metrics that you’d like to investigate that will help you measure success.

Answer: I’d say there are a few ways we could investigate the cause of this problem, but the one I’d be most interested in would be the engagement of monthly active users.

If the growth in comments is coming from active users, that would help us understand how we’re doing at retaining users. Plus, it will also show if new users are less engaged and commenting less frequently.

One way that we could dig into this would be to segment users by their onboarding date, which would help us to visualize engagement and see how engaged some of our longest-retained users are.

If engagement of new users is the issue, that will give us some options in terms of strategies for addressing the problem. For example, we could test new onboarding or commenting features designed to generate engagement.

Step 5: Propose a Solution for the Case Question

Hint: In the majority of cases, your initial assumptions might be incorrect, or the interviewer might throw you a curveball. Be prepared to make new hypotheses or discuss the pitfalls of your analysis.

Answer. If the cause wasn’t due to a lack of engagement among new users, then I’d want to investigate active users. One potential cause would be active users commenting less. In that case, we’d know that our earliest users were churning out, and that engagement among new users was potentially growing.

Again, I think we’d want to focus on user engagement since the onboarding date. That would help us understand if we were seeing higher levels of churn among active users, and we could start to identify some solutions there.

Tip: Use a Framework to Solve Data Analytics Case Questions

Analytics case questions can be challenging, but they’re much more challenging if you don’t use a framework. Without a framework, it’s easier to get lost in your answer, to get stuck, and really lose the confidence of your interviewer. Find helpful frameworks for data analytics questions in our data analytics learning path and our product metrics learning path .

Once you have the framework down, what’s the best way to practice? Mock interviews with our coaches are very effective, as you’ll get feedback and helpful tips as you answer. You can also learn a lot by practicing P2P mock interviews with other Interview Query students. No data analytics background? Check out how to become a data analyst without a degree .

Finally, if you’re looking for sample data analytics case questions and other types of interview questions, see our guide on the top data analyst interview questions .

47 case interview examples (from McKinsey, BCG, Bain, etc.)

One of the best ways to prepare for   case interviews  at firms like McKinsey, BCG, or Bain, is by studying case interview examples. 

There are a lot of free sample cases out there, but it's really hard to know where to start. So in this article, we have listed all the best free case examples available, in one place.

The below list of resources includes interactive case interview samples provided by consulting firms, video case interview demonstrations, case books, and materials developed by the team here at IGotAnOffer. Let's continue to the list.

• McKinsey examples
• BCG examples
• Bain examples
• Deloitte examples
• Other firms' examples
• Case books from consulting clubs
• Case interview preparation

Click here to practise 1-on-1 with MBB ex-interviewers

1. mckinsey case interview examples.

• Beautify case interview (McKinsey website)
• Diconsa case interview (McKinsey website)
• Electro-light case interview (McKinsey website)
• GlobaPharm case interview (McKinsey website)
• National Education case interview (McKinsey website)
• Talbot Trucks case interview (McKinsey website)
• Shops Corporation case interview (McKinsey website)
• Conservation Forever case interview (McKinsey website)
• McKinsey case interview guide (by IGotAnOffer)
• McKinsey live case interview extract (by IGotAnOffer) - See below

2. BCG case interview examples

• Foods Inc and GenCo case samples  (BCG website)
• Chateau Boomerang written case interview  (BCG website)
• BCG case interview guide (by IGotAnOffer)
• Written cases guide (by IGotAnOffer)
• BCG live case interview with notes (by IGotAnOffer)
• BCG mock case interview with ex-BCG associate director - Public sector case (by IGotAnOffer)
• BCG mock case interview: Revenue problem case (by IGotAnOffer) - See below

3. Bain case interview examples

• CoffeeCo practice case (Bain website)
• FashionCo practice case (Bain website)
• Associate Consultant mock interview video (Bain website)
• Consultant mock interview video (Bain website)
• Written case interview tips (Bain website)
• Bain case interview guide   (by IGotAnOffer)
• Digital transformation case with ex-Bain consultant
• Bain case mock interview with ex-Bain manager (below)

4. Deloitte case interview examples

• Engagement Strategy practice case (Deloitte website)
• Recreation Unlimited practice case (Deloitte website)
• Strategic Vision practice case (Deloitte website)
• Retail Strategy practice case  (Deloitte website)
• Finance Strategy practice case  (Deloitte website)
• Talent Management practice case (Deloitte website)
• Enterprise Resource Management practice case (Deloitte website)
• Footloose written case  (by Deloitte)
• Deloitte case interview guide (by IGotAnOffer)

5. Accenture case interview examples

• Case interview workbook (by Accenture)
• Accenture case interview guide (by IGotAnOffer)

6. OC&C case interview examples

• Leisure Club case example (by OC&C)
• Imported Spirits case example (by OC&C)

7. Oliver Wyman case interview examples

• Wumbleworld case sample (Oliver Wyman website)
• Aqualine case sample (Oliver Wyman website)
• Oliver Wyman case interview guide (by IGotAnOffer)

8. A.T. Kearney case interview examples

• Promotion planning case question (A.T. Kearney website)
• Consulting case book and examples (by A.T. Kearney)
• AT Kearney case interview guide (by IGotAnOffer)

9. Strategy& / PWC case interview examples

• Presentation overview with sample questions (by Strategy& / PWC)
• Strategy& / PWC case interview guide (by IGotAnOffer)

10. L.E.K. Consulting case interview examples

• Case interview example video walkthrough   (L.E.K. website)
• Market sizing case example video walkthrough  (L.E.K. website)

11. Roland Berger case interview examples

• Transit oriented development case webinar part 1  (Roland Berger website)
• Transit oriented development case webinar part 2   (Roland Berger website)
• 3D printed hip implants case webinar part 1   (Roland Berger website)
• 3D printed hip implants case webinar part 2   (Roland Berger website)
• Roland Berger case interview guide   (by IGotAnOffer)

12. Capital One case interview examples

• Case interview example video walkthrough  (Capital One website)
• Capital One case interview guide (by IGotAnOffer)

12. EY Parthenon case interview examples

• Candidate-led case example with feedback (by IGotAnOffer)

14. Consulting clubs case interview examples

• Berkeley case book (2006)
• Columbia case book (2006)
• Darden case book (2012)
• Darden case book (2018)
• Duke case book (2010)
• Duke case book (2014)
• ESADE case book (2011)
• Goizueta case book (2006)
• Illinois case book (2015)
• LBS case book (2006)
• MIT case book (2001)
• Notre Dame case book (2017)
• Ross case book (2010)
• Wharton case book (2010)

Practice with experts

Using case interview examples is a key part of your interview preparation, but it isn’t enough.

At some point you’ll want to practise with friends or family who can give some useful feedback. However, if you really want the best possible preparation for your case interview, you'll also want to work with ex-consultants who have experience running interviews at McKinsey, Bain, BCG, etc.

If you know anyone who fits that description, fantastic! But for most of us, it's tough to find the right connections to make this happen. And it might also be difficult to practice multiple hours with that person unless you know them really well.

Here's the good news. We've already made the connections for you. We’ve created a coaching service where you can do mock case interviews 1-on-1 with ex-interviewers from MBB firms . Start scheduling sessions today!

Related articles:

Secrets to a successful case-study interview

January 9, 2023

Prepping for (and maybe fretting) the case-study interview?

While this kind of interview may appear intimidating, consider this: The interviewer really wants you to do well.

So, shake off the nerves, relax and have fun.

Tips for standing out in the case-study interview: 

• Take your time; don't rush it.  Talk through the problem. If you can't make sense of it, take a moment and allow yourself some time to process what you've been missing. If you get stuck, get creative. Don't let yourself get bogged down; rely on your ingenuity. 
• Ask questions.  You can always ask your interviewer to define an acronym or to repeat or confirm details. If the interviewer asks, “How do we achieve success?”, don’t be afraid to ask, “What does ‘success’ mean to you? Is it turning a profit? Raising the company’s profile?” When you work on a client project, you need to ask questions to figure out what the problems might be, and the same applies here. The interviewer is your biggest asset in the room. They have the information you need to “solve the case” successfully. Use them wisely!
• Be flexible.  The focus of a case-study interview may vary. So, be prepared to participate in whatever discussion the interviewer has in mind. They may spend the first half of the interview asking about your previous experience, or they may dive right into the case study at the start. The bottom line: Be flexible, and be ready to discuss the work you do and how you do it.
• Use visual aids.  Don’t be afraid to use pen and paper, sketch out your thoughts, and talk through the problem at hand if it helps you get your ideas across. What matters most is demonstrating that you can solve problems.
• Focus on impact.  Inventory the information you have, and then dive in where you can have the most impact. Don’t forget to discuss your thought process and explain your assumptions.
• Tell a story.  Your experience has helped you progress in your career and education; use that experience. For example, in a business case study, you could bring your experience as a traveler to a case about a hypothetical airline. Your individuality is important. Your unique insights will serve you well when you’re interviewing.
• Pay attention to cues.  If the interviewer says something, it probably means something. Don’t dismiss seemingly extraneous details. For example, the interviewer might say, “The case is about a retailer who wants to increase the value of a company it purchased, and the owner loved the brand when growing up.” The purpose of that detail is to indicate that turning around and selling the asset is not an option for making it profitable, because the owner is attached to it.

Preparing for the job you want can take time, but it’s a worthwhile investment—especially when you receive an offer.

Your ideas, ingenuity and determination make a difference. 

Find your fit  with Accenture. 

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Anaam Zamorano

RECRUITING ASSOCIATE MANAGER, HOUSTON, TEXAS

• Case Interview: A comprehensive guide
• Pyramid Principle
• Hypothesis driven structure
• Fit Interview
• Consulting math
• The key to landing your consulting job
• What is a case interview?
• Types of case interview
• How to solve cases with the Problem-Driven Structure?
• What to remember in case interviews
• Case examples or building blocks?
• How do I prepare for case interviews
• Interview day tips
• How we can help

1. The key to landing your consulting job.

Case interviews - where you are asked to solve a business case study under scrutiny - are the core of the selection process right across McKinsey, Bain and BCG (the “MBB” firms). This interview format is also used pretty much universally across other high-end consultancies; including LEK, Kearney, Oliver Wyman and the consulting wings of the “Big Four”.

If you want to land a job at any of these firms, you will have to ace multiple case interviews.

It is increasingly likely that you will also have to solve online cases given by chatbots. You might need to pass these either before making it to interview or be asked to sit them alongside first round interviews.

Importantly, case studies aren’t something you can just wing . Firms explicitly expect you to have thoroughly prepared and many of your competitors on interview day will have been prepping for months.

Don’t worry though - MCC is here to help!

This article will take you through a full overview of everything you’ll need to know to do well, linking to more detailed articles and resources at each stage to let you really drill down into the details.

As well as traditional case interviews, we’ll also attend to the new formats in which cases are being delivered and otherwise make sure you’re up to speed with recent trends in this overall part of consulting recruitment.

Before we can figure out how to prepare for a case interview, though, we will first have to properly understand in detail what exactly you are up against. What format does a standard consulting case interview take? What is expected of you? How will you be assessed?

Let's dive right in and find out!

Professional help

Before going further, if this sounds like a lot to get your head around on your own, don't worry - help is available!

Our Case Academy course gives you everything you need to know to crack cases like a pro:

Case Academy Course

To put what you learn into practice (and secure some savings in the process) you can add mock interview coaching sessions with expereinced MBB consultants:

Coaching options

And, if you just want an experienced consultant to take charge of the whole selection process for you, you can check out our comprehensive mentoring programmes:

Explore mentoring

Now, back to the article!

2. What is a case interview?

Before we can hope to tackle a case interview, we have to understand what one is.

In short, a case interview simulates real consulting work by having you solve a business case study in conversation with your interviewer.

This case study will be a business problem where you have to advise a client - that is, an imaginary business or similar organisation in need of guidance.

You must help this client solve a problem and/or make a decision. This requires you to analyse the information you are given about that client organisation and figure out a final recommendation for what they should do next.

Business problems in general obviously vary in difficulty. Some are quite straightforward and can be addressed with fairly standard solutions. However, consulting firms exist precisely to solve the tough issues that businesses have failed to deal with internally - and so consultants will typically work on complex, idiosyncratic problems requiring novel solutions.

Some examples of case study questions might be:

• How much would you pay for a banking licence in Ghana?
• Estimate the potential value of the electric vehicle market in Germany
• How much gas storage capacity should a UK domestic energy supplier build?

Consulting firms need the brightest minds they can find to put to work on these important, difficult projects. You can expect the case studies you have to solve in interview, then, to echo the unique, complicated problems consultancies deal with every day. As we’ll explain here, this means that you need to be ready to think outside the box to figure out genuinely novel solutions.

2.1. Where are case interviews in the consulting selection process?

Not everyone who applies to a consulting firm will have a case interview - far from it!

In fact, case interviews are pretty expensive and inconvenient for firms to host, requiring them to take consultants off active projects and even fly them back to the office from location for in-person interviews (although this happens less frequently now). Ideally, firms want to cut costs and save time by narrowing down the candidate pool as much as possible before any live interviews.

As such, there are some hoops to jump through before you make it to interview rounds.

Firms will typically eliminate as much as 80% of the applicant pool before interviews start . For most firms, 50%+ of applicants might be cut based on resumes, before a similar cut is made on those remaining based on aptitude tests. McKinsey currently gives their Solve assessment to most applicants, but will use their resulting test scores alongside resumes to cut 70%+ of the candidate pool before interviews.

You'll need to be on top of your game to get as far as a case interview with a top firm. Getting through the resume screen and any aptitude tests is an achievement in itself! Also we need to note that the general timeline of an application can differ depending on a series of factors, including which position you apply, your background, and the office you are applying to. For example, an undergraduate applying for a Business Analyst position (the entry level job at McKinsey) will most likely be part of a recruitment cycle and as such have pretty fixed dates when they need to sit the pre-screening test, and have the first and second round interviews (see more on those below). Conversely, an experienced hire will most likely have a much greater choice of test and interview dates as well as more time at their disposal to prepare.

For readers not yet embroiled in the selection process themselves, let’s put case interviews in context and take a quick look at each stage in turn. Importantly, note that you might also be asked to solve case studies outside interviews as well…

2.1.1. Application screen

It’s sometimes easy to forget that such a large cut is made at the application stage. At larger firms, this will mean your resume and cover letter is looked at by some combination of AI tools, recruitment staff and junior consulting staff (often someone from your own university).

Only the best applications will be passed to later stages, so make sure to check out our free resume and cover letter guides, and potentially get help with editing , to give yourself the best chance possible.

2.1.2. Aptitude tests and online cases

This part of the selection process has been changing quickly in recent years and is increasingly beginning to blur into the traditionally separate case interview rounds.

In the past, GMAT or PST style tests were the norm. Firms then used increasingly sophisticated and often gamified aptitude tests, like the Pymetrics test currently used by several firms, including BCG and Bain, and the original version of McKinsey’s Solve assessment (then branded as the Problem Solving Game).

Now, though, there is a move towards delivering relatively sophisticated case studies online. For example, McKinsey has replaced half the old Solve assessment with an online case. BCG’s Casey chatbot case now directly replaces a live first round case interview, and in the new era of AI chatbots, we expect these online cases to quickly become more realistic and increasingly start to relieve firms of some of the costs of live case interviews.

Our consultants collectively reckon that, over time, 50% of case interviews are likely to be replaced with these kinds of cases . We give some specific advice for online cases in section six. However, the important thing to note is that these are still just simulations of traditional case interviews - you still need to learn how to solve cases in precisely the same way, and your prep will largely remain the same.

2.1.3. Rounds of Interviews

Now, let’s not go overboard with talk of AI. Even in the long term, the client facing nature of consulting means that firms will have live case interviews for as long as they are hiring anyone. And in the immediate term, case interviews are still absolutely the core of consulting selection.

Before landing an offer at McKinsey, Bain, BCG or any similar firm, you won’t just have one case interview, but will have to complete four to six case interviews, usually divided into two rounds, with each interview lasting approximately 50-60 minutes .

Being invited to first round usually means two or three case interviews. As noted above, you might also be asked to complete an online case or similar alongside your first round interviews.

If you ace first round, you will be invited to second round to face the same again, but more gruelling. Only then - after up to six case interviews in total, can you hope to receive an offer.

2.2. Differences between first and second round interviews

Despite case interviews in the first and second round following the same format, second/final round interviews will be significantly more intense . The seniority of the interviewer, time pressure (with up to three interviews back-to-back), and the sheer value of the job at stake will likely make a second round consulting case interview one of the most challenging moments of your professional life.

There are three key differences between the two rounds:

• Time Pressure : Final round case interviews test your ability to perform under pressure, with as many as three interviews in a row and often only very small breaks between them.
• Focus : Since second round interviewers tend to be more senior (usually partners with 12+ years experience) and will be more interested in your personality and ability to handle challenges independently. Some partners will drill down into your experiences and achievements to the extreme. They want to understand how you react to challenges and your ability to identify and learn from past mistakes.
• Psychological Pressure: While case interviews in the first round are usually more focused on you simply cracking the case, second round interviewers often employ a "bad cop" strategy to test the way you react to challenges and uncertainty.

2.3. What skills do case interviews assess?

Reliably impressing your interviewers means knowing what they are looking for. This means understanding the skills you are being assessed against in some detail.

Overall, it’s important always to remember that, with case studies, there are no strict right or wrong answers. What really matters is how you think problems through, how confident you are with your conclusions and how quick you are with the back of the envelope arithmetic.

The objective of this kind of interview isn’t to get to one particular solution, but to assess your skillset. This is even true of modern online cases, where sophisticated AI algorithms score how you work as well as the solutions you generate.

If you visit McKinsey , Bain and BCG web pages on case interviews, you will find that the three firms look for very similar traits, and the same will be true of other top consultancies.

Broadly speaking, your interviewer will be evaluating you across five key areas:

2.1.1.One: Probing mind

Showing intellectual curiosity by asking relevant and insightful questions that demonstrate critical thinking and a proactive nature. For instance, if we are told that revenues for a leading supermarket chain have been declining over the last ten years, a successful candidate would ask:

“ We know revenues have declined. This could be due to price or volume. Do we know how they changed over the same period? ”

This is as opposed to a laundry list of questions like:

• Did customers change their preferences?
• Which segment has shown the decline in volume?
• Is there a price war in the industry?

2.1.2. Structure

Structure in this context means structuring a problem. This, in turn, means creating a framework - that is, a series of clear, sequential steps in order to get to a solution.

As with the case interview in general, the focus with case study structures isn’t on reaching a solution, but on how you get there.

This is the trickiest part of the case interview and the single most common reason candidates fail.

We discuss how to properly structure a case in more detail in section three. In terms of what your interviewer is looking for at high level, though, key pieces of your structure should be:

• Proper understanding of the objective of the case - Ask yourself: "What is the single crucial piece of advice that the client absolutely needs?"
• Identification of the drivers - Ask yourself: "What are the key forces that play a role in defining the outcome?"

Our Problem Driven Structure method, discussed in section three, bakes this approach in at a fundamental level. This is as opposed to the framework-based approach you will find in older case-solving

Focus on going through memorised sequences of steps too-often means failing to develop a full understanding of the case and the real key drivers.

At this link, we run through a case to illustrate the difference between a standard framework-based approach and our Problem Driven Structure method.

2.1.3. Problem Solving

You’ll be tested on your ability to identify problems and drivers, isolate causes and effects, demonstrate creativity and prioritise issues. In particular, the interviewer will look for the following skills:

• Prioritisation - Can you distinguish relevant and irrelevant facts?
• Connecting the dots - Can you connect new facts and evidence to the big picture?
• Establishing conclusions - Can you establish correct conclusions without rushing to inferences not supported by evidence?

2.1.4. Numerical Agility

In case interviews, you are expected to be quick and confident with both precise and approximated numbers. This translates to:

• Performing simple calculations quickly - Essential to solve cases quickly and impress clients with quick estimates and preliminary conclusions.
• Analysing data - Extract data from graphs and charts, elaborate and draw insightful conclusions.
• Solving business problems - Translate a real world case to a mathematical problem and solve it.

Our article on consulting math is a great resource here, though the extensive math content in our MCC Academy is the best and most comprehensive material available.

2.1.5. Communication

Real consulting work isn’t just about the raw analysis to come up with a recommendation - this then needs to be sold to the client as the right course of action.

Similarly, in a case interview, you must be able to turn your answer into a compelling recommendation. This is just as essential to impressing your interviewer as your structure and analysis.

Consultants already comment on how difficult it is to find candidates with the right communication skills. Add to this the current direction of travel, where AI will be able to automate more and more of the routine analytic side of consulting, and communication becomes a bigger and bigger part of what consultants are being paid for.

So, how do you make sure that your recommendations are relevant, smart, and engaging? The answer is to master what is known as CEO-level communication .

This art of speaking like a CEO can be quite challenging, as it often involves presenting information in effectively the opposite way to how you might normally.

To get it right, there are three key areas to focus on in your communications:

• Top down : A CEO wants to hear the key message first. They will only ask for more details if they think that will actually be useful. Always consider what is absolutely critical for the CEO to know, and start with that. You can read more in our article on the Pyramid Principle .
• Concise : This is not the time for "boiling the ocean" or listing an endless number possible solutions. CEOs, and thus consultants, want a structured, quick and concise recommendation for their business problem, that they can implement immediately.
• Fact-based : Consultants share CEOs' hatred of opinions based on gut feel rather than facts. They want recommendations based on facts to make sure they are actually in control. Always go on to back up your conclusions with the relevant facts.

Being concise and to the point is key in many areas, networking being one for them. For more detail on all this, check out our full article on delivering recommendations .

Prep the right way

3. types of case interview.

While most case interviews share a similar structure, firms will have some differences in the particular ways they like to do things in terms of both the case study and the fit component.

As we’ll see, these differences aren’t hugely impactful in terms of how you prepare. That said, it's always good to know as much as possible about what you will be going up against.

3.1. Different case objectives

A guiding thread throughout this article and our approach in general will be to treat each case as a self-contained problem and not try to pigeonhole it into a certain category. Having said that, there are of course similarities between cases and we can identify certain parameters and objectives.

Broadly speaking, cases can be divided into issue-based cases and strategic decision cases. In the former you will be asked to solve a certain issue, such as declining profits, or low productivity whereas in the latter you will be ask whether your client should or should not do something, such as enter a specific market or acquire another company. The chart below is a good breakdown of these different objectives:

3.2. How do interviewers craft cases

While interviewers will very likely be given a case bank to choose from by their company, a good number of them will also choose to adapt the cases they would currently be working on to a case interview setting. The difference is that the latter cases will be harder to pigeonhole and apply standard frameworks to, so a tailored approach will be paramount.

If you’ve applied for a specific practice or type of consulting - such as operational consulting, for example - it’s very likely that you will receive a case geared towards that particular area alongside a ‘generalist’ consulting case (however, if that’s the case, you will generally be notified). The other main distinction when it comes to case interviews is between interviewer-led and candidate-led.

3.3. Candidate-led cases

Most consulting case interview questions test your ability to crack a broad problem, with a case prompt often going something like:

" How much would you pay to secure the rights to run a restaurant in the British Museum? "

You, as a candidate, are then expected to identify your path to solve the case (that is, provide a structure), leveraging your interviewer to collect the data and test your assumptions.

This is known as a “candidate-led” case interview and is used by Bain, BCG and other firms. From a structuring perspective, it’s easier to lose direction in a candidate-led case as there are no sign-posts along the way. As such, you need to come up with an approach that is both broad enough to cover all of the potential drivers in a case but also tailored enough to the problem you are asked to solve. It’s also up to you to figure out when you need to delve deeper into a certain branch of the case, brainstorm or ask for data. The following case from Bain is an excellent example on how to navigate a candidate-led case.

3.4. Interviewer-led cases

This type of case - employed most famously by McKinsey - is slightly different, with the interviewer controlling the pace and direction of the conversation much more than with other case interviews.

At McKinsey, your interviewer will ask you a set of pre-determined questions, regardless of your initial structure. For each question, you will have to understand the problem, come up with a mini structure, ask for additional data (if necessary) and come to the conclusion that answers the question. This more structured format of case also shows up in online cases by other firms - notably including BCG’s Casey chatbot (with the amusing result that practising McKinsey-style cases can be a great addition when prepping for BCG).

Essentially, these interviewer-led case studies are large cases made up of lots of mini-cases. You still use basically the same method as you would for standard (or candidate-led) cases - the main difference is simply that, instead of using that method to solve one big case, you are solving several mini-cases sequentially. These cases are easier to follow as the interviewer will guide you in the right direction. However, this doesn’t mean you should pay less attention to structure and deliver a generic framework! Also, usually (but not always!) the first question will ask you to map your approach and is the equivalent of the structuring question in candidate-led cases. Sometimes, if you’re missing key elements, the interviewer might prompt you in the right direction - so make sure to take those prompts seriously as they are there to help you get back on track (ask for 30 seconds to think on the prompt and structure your approach). Other times - and this is a less fortunate scenario - the interviewer might say nothing and simply move on to the next question. This is why you should put just as much thought (if not more) into the framework you build for interviewer-led cases , as you may be penalized if you produce something too generic or that doesn’t encompass all the issues of the case.

3.5. Case and fit

The standard case interview can be thought of as splitting into two standalone sub-interviews. Thus “case interviews” can be divided into the case study itself and a “fit interview” section, where culture fit questions are asked.

This can lead to a bit of confusion, as the actual case interview component might take up as little as half of your scheduled “case interview”. You need to make sure you are ready for both aspects.

To illustrate, here is the typical case interview timeline:

• First 15-30 minutes: Fit Interview - with questions assessing your motivation to be a consultant in that specific firm and your traits around leadership and teamwork. Learn more about the fit interview in our in-depth article here .
• Next 30-40 minutes: Case Interview - solving a case study
• Last 5 minutes: Fit Interview again - this time focussing on your questions for your interviewer.

Both the Case and Fit interviews play crucial roles in the finial hiring decision. There is no “average” taken between case and fit interviews: if your performance is not up to scratch in either of the two, you will not be able to move on to the next interview round or get an offer.

NB: No case without fit

Note that, even if you have only been told you are having a case interview or otherwise are just doing a case study, always be prepared to answer fit questions. At most firms, it is standard practice to include some fit questions in all case interviews, even if there are also separate explicit fit interviews, and interviewers will almost invariably include some of these questions around your case. This is perfectly natural - imagine how odd and artificial it would be to show up to an interview, simply do a case and leave again, without talking about anything else with the interviewer before or after.

3.5.1 Differences between firms

For the most part, a case interview is a case interview. However, firms will have some differences in the particular ways they like to do things in terms of both the case study and the fit component.

3.5.2. The McKinsey PEI

McKinsey brands its fit aspect of interviews as the Personal Experience Interview or PEI. Despite the different name, this is really much the same interview you will be going up against in Bain, BCG and any similar firms.

McKinsey does have a reputation for pushing candidates a little harder with fit or PEI questions , focusing on one story per interview and drilling down further into the specific details each time. We discuss this tendency more in our fit interview article . However, no top end firm is going to go easy on you and you should absolutely be ready for the same level of grilling at Bain, BCG and others. Thus any difference isn’t hugely salient in terms of prep.

3.6. What is different in 2023?

For the foreseeable future, you are going to have to go through multiple live case interviews to secure any decent consulting job. These might increasingly happen via Zoom rather than in person, but they should remain largely the same otherwise.

However, things are changing and the rise of AI in recent months seems pretty much guaranteed to accelerate existing trends.

Even before the explosive development of AI chatbots like ChatGPT we have seen in recent months, automation was already starting to change the recruitment process.

As we mentioned, case interviews are expensive and inconvenient for firms to run . Ideally, then, firms will try to reduce the number of interviews required for recruitment as far as possible. For many years, tests of various kinds served to cut down the applicant pool and thus the number of interviews. However, these tests had a limited capacity to assess candidates against the full consulting skillset in the way that case interviews do so well.

More recently, though, the development of online testing has allowed for more and more advanced assessments. Top consulting firms have been leveraging screening tests that better and better capture the same skillset as case interviews. Eventually this is converging on automated case studies. We see this very clearly with the addition of the Redrock case to McKinsey’s Solve assessment.

As these digital cases become closer to the real thing, the line between test and case interview blurs. Online cases don’t just reduce the number of candidates to case interview, but start directly replacing them.

Case in point here is BCG’s Casey chatbot . Previously, BCG had deployed less advanced online cases and similar tests to weed out some candidates before live case interviews began. Now, though, Casey actually replaces one first round case interview.

Casey, at time of writing, is still a relatively “basic” chatbot, basically running through a pre-set script. The Whatsapp-like interface does a lot of work to make it feel like one is chatting to a “real person” - the chatbot itself, though, cannot provide feedback or nudges to candidates as would a human interviewer.

We fully expect that, as soon as BCG and other firms can train a truer AI, these online cases will become more widespread and start replacing more live interviews.

We discuss the likely impacts of advanced AI on consulting recruitment and the industry more broadly in our blog.

Here, though, the real message is that you should expect to run into digital cases as well as traditional case interviews.

Luckily, despite any changes in specific case interview format, you will still need to master the same fundamental skills and prepare in much the same way.

We’ll cover a few ways to help prepare for chatbot cases in section four. Ultimately, though, firms are looking for the same problem solving ability and mindset as a real interviewer. Especially as chatbots get better at mimicking a real interviewer, candidates who are well prepared for case cracking in general should have no problem with AI administered cases.

3.6.1. Automated fit interviews

Analogous to online cases, in recent years there has been a trend towards automated, “one way” fit interviews, with these typically being administered for consultancies by specialist contractors like HireVue or SparkHire.

These are kind of like Zoom interviews, but if the interviewer didn’t show up. Instead you will be given fit questions to answer and must record your answer in your computer webcam. Your response will then go on to be assessed by an algorithm, scoring both what you say and how you say it.

Again, with advances in AI, it is easy to imagine these automated case interviews going from fully scripted interactions, where all candidates are asked the same list of questions, to a more interactive experience. Thus, we might soon arrive at a point where you are being grilled on the details of your stories - McKinsey PEI style - but by a bot rather than a human.

We include some tips on this kind of “one way” fit interview in section six here.

4. How to solve cases with the Problem-Driven Structure?

If you look around online for material on how to solve case studies, a lot of what you find will set out framework-based approaches. However, as we have mentioned, these frameworks tend to break down with more complex, unique cases - with these being exactly the kind of tough case studies you can expect to be given in your case interviews.

To address this problem, the MyConsultingCoach team has synthesized a new approach to case cracking that replicates how top management consultants approach actual engagements.

MyConsultingCoach’s Problem Driven Structure approach is a universal problem solving method that can be applied to any business problem , irrespective of its nature.

As opposed to just selecting a generic framework for each case interview, the Problem Driven Structure approach works by generating a bespoke structure for each individual question and is a simplified version of the roadmap McKinsey consultants use when working on engagements.

The canonical seven steps from McKinsey on real projects are simplified to four for case interview questions, as the analysis required for a six-month engagement is somewhat less than that needed for a 45-minute case study. However, the underlying flow is the same (see the method in action in the video below)

Let's zoom in to see how our method actually works in more detail:

4.1. Identify the problem

Identifying the problem means properly understanding the prompt/question you are given, so you get to the actual point of the case.

This might sound simple, but cases are often very tricky, and many candidates irretrievably mess things up within the first few minutes of starting. Often, they won’t notice this has happened until they are getting to the end of their analysis. Then, they suddenly realise that they have misunderstood the case prompt - and have effectively been answering the wrong question all along!

With no time to go back and start again, there is nothing to do. Even if there were time, making such a silly mistake early on will make a terrible impression on their interviewer, who might well have written them off already. The interview is scuppered and all the candidate’s preparation has been for nothing.

This error is so galling as it is so readily avoidable.

Our method prevents this problem by placing huge emphasis on a full understanding of the case prompt. This lays the foundations for success as, once we have identified the fundamental, underlying problem our client is facing, we focus our whole analysis around finding solutions to this specific issue.

Now, some case interview prompts are easy to digest. For example, “Our client, a supermarket, has seen a decline in profits. How can we bring them up?”. However, many of the prompts given in interviews for top firms are much more difficult and might refer to unfamiliar business areas or industries. For example, “How much would you pay for a banking license in Ghana?” or “What would be your key areas of concern be when setting up an NGO?”

Don’t worry if you have no idea how you might go about tackling some of these prompts!

In our article on identifying the problem and in our full lesson on the subject in our MCC Academy course, we teach a systematic, four step approach to identifying the problem , as well as running through common errors to ensure you start off on the right foot every time!

This is summarised here:

Following this method lets you excel where your competitors mess up and get off to a great start in impressing your interviewer!

4.2. Build your problem driven structure

After you have properly understood the problem, the next step is to successfully crack a case is to draw up a bespoke structure that captures all the unique features of the case.

This is what will guide your analysis through the rest of the case study and is precisely the same method used by real consultants working on real engagements.

Of course, it might be easier here to simply roll out one an old-fashioned framework, and a lot of candidates will do so. This is likely to be faster at this stage and requires a lot less thought than our problem-driven structure approach.

However, whilst our problem driven structure approach requires more work from you, our method has the advantage of actually working in the kind of complex case studies where generic frameworks fail - that is exactly the kind of cases you can expect at an MBB interview .

Since we effectively start from first principles every time, we can tackle any case with the same overarching method. Simple or complex, every case is the same to you and you don’t have to gamble a job on whether a framework will actually work

4.2.1 Issue trees

Issue trees break down the overall problem into a set of smaller problems that you can then solve individually. Representing this on a diagram also makes it easy for both you and your interviewer to keep track of your analysis.

To see how this is done, let’s look at the issue tree below breaking down the revenues of an airline:

These revenues can be segmented as the number of customers multiplied by the average ticket price. The number of customers can be further broken down into a number of flights multiplied by the number of seats, times average occupancy rate. The node corresponding to the average ticket price can then be segmented further.

4.2.2 Hypothesis trees

Hypothesis trees are similar, the only difference being that rather than just trying to break up the issue into smaller issues you are assuming that the problem can be solved and you are formulating solutions.

In the example above, you would assume revenues can be increased by either increasing the average ticket price or the number of customers . You can then hypothesize that you can increase the average occupancy rate in three ways: align the schedule of short and long haul flights, run a promotion to boost occupancy in off-peak times, or offer early bird discounts.

4.2.3 Other structures:structured lists

Structured lists are simply subcategories of a problem into which you can fit similar elements. This McKinsey case answer starts off by identifying several buckets such as retailer response, competitor response, current capabilities and brand image and then proceeds to consider what could fit into these categories.

Buckets can be a good way to start the structure of a complex case but when using them it can be very difficult to be MECE and consistent, so you should always aim to then re-organize them into either an issue or a hypothesis tree.

It is worth noting that the same problem can be structured in multiple valid ways by choosing different means to segment the key issues. Ultimately all these lists are methods to set out a logical hierachy among elements.

4.2.4 Structures in practice

That said, not all valid structures are equally useful in solving the underlying problem. A good structure fulfils several requirements - including MECE-ness , level consistency, materiality, simplicity, and actionability. It’s important to put in the time to master segmentation, so you can choose a scheme isn’t only valid, but actually useful in addressing the problem.

After taking the effort to identify the problem properly, an advantage of our method is that it will help ensure you stay focused on that same fundamental problem throughout. This might not sound like much, but many candidates end up getting lost in their own analysis, veering off on huge tangents and returning with an answer to a question they weren’t asked.

Another frequent issue - particularly with certain frameworks - is that candidates finish their analysis and, even if they have successfully stuck to the initial question, they have not actually reached a definite solution. Instead, they might simply have generated a laundry list of pros and cons, with no clear single recommendation for action.

Clients employ consultants for actionable answers, and this is what is expected in the case interview. The problem driven structure excels in ensuring that everything you do is clearly related back to the key question in a way that will generate a definitive answer. Thus, the problem driven structure builds in the hypothesis driven approach so characteristic of real consulting practice.

You can learn how to set out your own problem driven structures in our article here and in our full lesson in the MCC Academy course.

4.2. Lead the analysis

A problem driven structure might ensure we reach a proper solution eventually, but how do we actually get there?

We call this step " leading the analysis ", and it is the process whereby you systematically navigate through your structure, identifying the key factors driving the issue you are addressing.

Generally, this will mean continuing to grow your tree diagram, further segmenting what you identify as the most salient end nodes and thus drilling down into the most crucial factors causing the client’s central problem.

Once you have gotten right down into the detail of what is actually causing the company’s issues, solutions can then be generated quite straightforwardly.

To see this process in action, we can return to our airline revenue example:

Let’s say we discover the average ticket price to be a key issue in the airline’s problems. Looking closer at the drivers of average ticket price, we find that the problem lies with economy class ticket prices. We can then further segment that price into the base fare and additional items such as food.

Having broken down the issue to such a fine-grained level and considering the 80/20 rule(see below), solutions occur quite naturally. In this case, we can suggest incentivising the crew to increase onboard sales, improving assortment in the plane, or offering discounts for online purchases.

Our article on leading the analysis is a great primer on the subject, with our video lesson in the MCC Academy providing the most comprehensive guide available.

4.4. Provide recommendations

So you have a solution - but you aren’t finished yet!

Now, you need to deliver your solution as a final recommendation.

This should be done as if you are briefing a busy CEO and thus should be a one minute, top-down, concise, structured, clear, and fact-based account of your findings.

The brevity of the final recommendation belies its importance. In real life consulting, the recommendation is what the client has potentially paid millions for - from their point of view, it is the only thing that matters.

In a case interview, your performance in this final summing up of your case is going to significantly colour your interviewer’s parting impression of you - and thus your chances of getting hired!

So, how do we do it right?

Barbara Minto's Pyramid Principle elegantly sums up almost everything required for a perfect recommendation. The answer comes first , as this is what is most important. This is then supported by a few key arguments , which are in turn buttressed by supporting facts .

Across the whole recommendation, the goal isn’t to just summarise what you have done. Instead, you are aiming to synthesize your findings to extract the key "so what?" insight that is useful to the client going forward.

All this might seem like common sense, but it is actually the opposite of how we relay results in academia and other fields. There, we typically move from data, through arguments and eventually to conclusions. As such, making good recommendations is a skill that takes practice to master.

We can see the Pyramid Principle illustrated in the diagram below:

To supplement the basic Pyramid Principle scheme, we suggest candidates add a few brief remarks on potential risks and suggested next steps . This helps demonstrate the ability for critical self-reflection and lets your interviewer see you going the extra mile.

The combination of logical rigour and communication skills that is so definitive of consulting is particularly on display in the final recommendation.

Despite it only lasting 60 seconds, you will need to leverage a full set of key consulting skills to deliver a really excellent recommendation and leave your interviewer with a good final impression of your case solving abilities.

Our specific article on final recommendations and the specific video lesson on the same topic within our MCC Academy are great, comprehensive resources. Beyond those, our lesson on consulting thinking and our articles on MECE and the Pyramid Principle are also very useful.

4.5. What if I get stuck?

Naturally with case interviews being difficult problems there may be times where you’re unsure what to do or which direction to take. The most common scenario is that you will get stuck midway through the case and there are essentially two things that you should do:

• 1. Go back to your structure
• 2. Ask the interviewer for clarification

Your structure should always be your best friend - after all, this is why you put so much thought and effort into it: if it’s MECE it will point you in the right direction. This may seem abstract but let’s take the very simple example of a profitability case interview: if you’ve started your analysis by segmenting profit into revenue minus costs and you’ve seen that the cost side of the analysis is leading you nowhere, you can be certain that the declining profit is due to a decline in revenue.

Similarly, when you’re stuck on the quantitative section of the case interview, make sure that your framework for calculations is set up correctly (you can confirm this with the interviewer) and see what it is you’re trying to solve for: for example if you’re trying to find what price the client should sell their new t-shirt in order to break even on their investment, you should realize that what you’re trying to find is the break even point, so you can start by calculating either the costs or the revenues. You have all the data for the costs side and you know they’re trying to sell 10.000 pairs so you can simply set up the equation with x being the price.

As we’ve emphasised on several occasions, your case interview will be a dialogue. As such, if you don’t know what to do next or don’t understand something, make sure to ask the interviewer (and as a general rule always follow their prompts as they are trying to help, not trick you). This is especially true for the quantitative questions, where you should really understand what data you’re looking at before you jump into any calculations. Ideally you should ask your questions before you take time to formulate your approach but don’t be afraid to ask for further clarification if you really can’t make sense of what’s going on. It’s always good to walk your interviewer through your approach before you start doing the calculations and it’s no mistake to make sure that you both have the same understanding of the data. For example when confronted with the chart below, you might ask what GW (in this case gigawatt) means from the get-go and ask to confirm the different metrics (i.e. whether 1 GW = 1000 megawatts). You will never be penalised for asking a question like that.

5. What to remember in case interviews

If you’re new to case cracking you might feel a bit hopeless when you see a difficult case question, not having any idea where to start.

In fact though, cracking case interviews is much like playing chess. The rules you need to know to get started are actually pretty simple. What will make you really proficient is time and practice.

In this section, we’ll run through a high level overview of everything you need to know, linking to more detailed resources at every step.

5.1. An overall clear structure

You will probably hear this more than you care for but it is the most important thing to keep in mind as you start solving cases, as not only it is a key evaluation criterion but the greatest tool you will have at your disposal. The ability to build a clear structure in all aspects of the case inteview will be the difference between breezing through a complicated case and struggling at its every step. Let’s look a bit closer at the key areas where you should be structured!

5.1.1 Structured notes

Every case interview starts with a prompt, usually verbal, and as such you will have to take some notes. And here is where your foray into structure begins, as the notes you take should be clear, concise and structured in a way that will allow you to repeat the case back to the interviewer without writing down any unnecessary information.

This may sound very basic but you should absolutely not be dismissive about it: taking clear and organized notes will allow what we found helps is to have separate sections for:

• The case brief
• Follow-up questions and answers
• Numerical data
• Case structure (the most crucial part when solving the case)
• Any scrap work during the case (usually calculations)

When solving the case - or, as we call it here, in the Lead the analysis step, it is highly recommended to keep on feeding and integrating your structure, so that you never get lost. Maintaining a clear high level view is one of the most critical aspects in case interviews as it is a key skill in consulting: by constantly keeping track of where you are following your structure, you’ll never lose your focus on the end goal.

In the case of an interviewer-led case, you can also have separate sheets for each question (e.g. Question 1. What factors can we look at that drive profitability?). If you develop a system like this you’ll know exactly where to look for each point of data rather than rummage around in untidy notes. There are a couple more sections that you may have, depending on preference - we’ll get to these in the next sections.

5.1.2 Structured communication

There will be three main types of communication in cases:

• 1. Asking and answering questions
• 2. Walking the interviewer through your structure (either the case or calculation framework - we’ll get to that in a bit!)
• 3. Delivering your recommendation

Asking and answering questions will be the most common of these and the key thing to do before you speak is ask for some time to collect your thoughts and get organised. What you want to avoid is a ‘laundry list’ of questions or anything that sounds too much like a stream of consciousness.

Different systems work for different candidates but a sure-fire way of being organised is numbering your questions and answers. So rather than saying something like ‘I would like to ask about the business model, operational capacity and customer personas’ it’s much better to break it down and say something along the lines of ‘I’ve got three key questions. Firstly I would like to inquire into the business model of our client. Secondly I would like to ask about their operational capacity. Thirdly I would like to know more about the different customer personas they are serving’.

A similar principle should be applied when walking the interviewer through your structure, and this is especially true of online case interviews (more and more frequent now) when the interviewer can’t see your notes. Even if you have your branches or buckets clearly defined, you should still use a numbering system to make it obvious to the interviewer. So, for example, when asked to identify whether a company should make an acquisition, you might say ‘I would like to examine the following key areas. Firstly the financial aspects of this issue, secondly the synergies and thirdly the client’s expertise’

The recommendation should be delivered top-down (see section 4.4 for specifics) and should employ the same numbering principle. To do so in a speedy manner, you should circle or mark the key facts that you encounter throughout the case so you can easily pull them out at the end.

5.1.3 Structured framework

It’s very important that you have a systematic approach - or framework - for every case. Let’s get one thing straight: there is a difference between having a problem-solving framework for your case and trying to force a case into a predetermined framework. Doing the former is an absolute must , whilst doing the latter will most likely have you unceremoniously dismissed.

We have seen there are several ways of building a framework, from identifying several categories of issues (or ‘buckets’) to building an issue or hypothesis tree (which is the most efficient type of framework). For the purpose of organization, we recommend having a separate sheet for the framework of the case, or, if it’s too much to manage, you can have it on the same sheet as the initial case prompt. That way you’ll have all the details as well as your proposed solution in one place.

5.1.4 Structured calculations

Whether it’s interviewer or candidate-led, at some point in the case you will get a bunch of numerical data and you will have to perform some calculations (for the specifics of the math you’ll need on consulting interviews, have a look at our Consulting Math Guide ). Here’s where we urge you to take your time and not dive straight into calculating! And here’s why: while your numerical agility is sure to impress interviewers, what they’re actually looking for is your logic and the calculations you need to perform in order to solve the problem . So it’s ok if you make a small mistake, as long as you’re solving for the right thing.

As such, make it easy for them - and yourself. Before you start, write down in steps the calculations you need to perform. Here’s an example: let’s say you need to find out by how much profits will change if variable costs are reduced by 10%. Your approach should look something like:

• 1. Calculate current profits: Profits = Revenues - (Variable costs + Fixed costs)
• 2. Calculate the reduction in variable costs: Variable costs x 0.9
• 3. Calculate new profits: New profits = Revenues - (New variable costs + Fixed costs)

Of course, there may be more efficient ways to do that calculation, but what’s important - much like in the framework section - is to show your interviewer that you have a plan, in the form of a structured approach. You can write your plan on the sheet containing the data, then perform the calculations on a scrap sheet and fill in the results afterward.

5.2. Common business knowledge and formulas

Although some consulting firms claim they don’t evaluate candidates based on their business knowledge, familiarity with basic business concepts and formulae is very useful in terms of understanding the case studies you are given in the first instance and drawing inspiration for structuring and brainstorming.

If you are coming from a business undergrad, an MBA or are an experienced hire, you might well have this covered already. For those coming from a different background, it may be useful to cover some.

Luckily, you don’t need a degree-level understanding of business to crack case interviews , and a lot of the information you will pick up by osmosis as you read through articles like this and go through cases.

However, some things you will just need to sit down and learn. We cover everything you need to know in some detail in our Case Academy Course course. However, some examples here of things you need to learn are:

• Basic accounting (particularly how to understand all the elements of a balance sheet)
• Basic economics
• Basic marketing
• Basic strategy

Below we include a few elementary concepts and formulae so you can hit the ground running in solving cases. We should note that you should not memorise these and indeed a good portion of them can be worked out logically, but you should have at least some idea of what to expect as this will make you faster and will free up much of your mental computing power. In what follows we’ll tackle concepts that you will encounter in the private business sector as well as some situations that come up in cases that feature clients from the NGO or governmental sector.

5.2.1 Business sector concepts

These concepts are the bread and butter of almost any business case so you need to make sure you have them down. Naturally, there will be specificities and differences between cases but for the most part here is a breakdown of each of them.

5.2.1.1. Revenue

The revenue is the money that the company brings in and is usually equal to the number of products they sell multiplied to the price per item and can be expressed with the following equation:

Revenue = Volume x Price

Companies may have various sources of revenue or indeed multiple types of products, all priced differently which is something you will need to account for in your case interview. Let’s consider some situations. A clothing company such as Nike will derive most of their revenue from the number of products they sell times the average price per item. Conversely, for a retail bank revenue is measured as the volume of loans multiplied by the interest rate at which the loans are given out. As we’ll see below, we might consider primary revenues and ancillary revenues: in the case of a football club, we might calculate primary revenues by multiplying the number of tickets sold by the average ticket price, and ancillary revenues those coming from sales of merchandise (similarly, let’s say average t-shirt price times the number of t-shirts sold), tv rights and sponsorships.

These are but a few examples and another reminder that you should always aim to ask questions and understand the precise revenue structure of the companies you encounter in cases.

5.2.1.2. Costs

The costs are the expenses that a company incurs during its operations. Generally, they can be broken down into fixed and variable costs :

Costs = Fixed Costs + Variable Costs

As their name implies, fixed costs do not change based on the number of units produced or sold. For example, if you produce shoes and are renting the space for your factory, you will have to pay the rent regardless of whether you produce one pair or 100. On the other hand, variable costs depend on the level of activity, so in our shoe factory example they would be equivalent to the materials used to produce each pair of shoes and would increase the more we produce.

These concepts are of course guidelines used in order to simplify the analysis in cases, and you should be aware that in reality often the situation can be more complicated. However, this should be enough for case interviews. Costs can also be quasi-fixed, in that they increase marginally with volume. Take the example of a restaurant which has a regular staff, incurring a fixed cost but during very busy hours or periods they also employ some part-time workers. This cost is not exactly variable (as it doesn’t increase with the quantity of food produced) but also not entirely fixed, as the number of extra hands will depend on how busy the restaurant is. Fixed costs can also be non-linear in nature. Let’s consider the rent in the same restaurant: we would normally pay a fixed amount every month, but if the restaurant becomes very popular we might need to rent out some extra space so the cost will increase. Again, this is not always relevant for case interviews.

5.2.1.3. Profit and profit margin

The profit is the amount of money a company is left with after it has paid all of its expenses and can be expressed as follows:

Profit = Revenue - Costs

It’s very likely that you will encounter a profitability issue in one of your case interviews, namely you will be asked to increase a company’s profit. There are two main ways of doing this: increasing revenues and reducing costs , so these will be the two main areas you will have to investigate. This may seem simple but what you will really need to understand in a case are the key drivers of a business (and this should be done through clarifying questions to the interviewer - just as a real consultant would question their client).

For example, if your client is an airline you can assume that the main source of revenue is sales of tickets, but you should inquire how many types of ticket the specific airline sells. You may naturally consider economy and business class tickets, but you may find out that there is a more premium option - such as first class - and several in-between options. Similarly to our football club example, there may be ancillary revenues from selling of food and beverage as well as advertising certain products or services on flights.

You may also come across the profit margin in case interviews. This is simply the percentage of profit compared to the revenue and can be expressed as follows:

Profit margin = Profit/Revenue x 100

5.2.1.4. Break-even point

An ancillary concept to profit, the break-even point is the moment where revenues equal costs making the profit zero and can be expressed as the following equation:

Revenues = Costs (Fixed costs + Variable costs)

This formula will be useful when you are asked questions such as ‘What is the minimum price I should sell product X?’ or ‘What quantity do I need to sell in order to recoup my investment?’. Let’s say in a case interview an owner of a sandwich store asks us to figure out how many salami and cheese salami sandwiches she needs to sell in order to break even. She’s spending $4 on salami and $2 for cheese and lettuce per sandwich, and believes she can sell the sandwiches at around $7. The cost of utilities and personnel is around $5000 per month. We could lay this all out in the break-even equation:

7 x Q ( quantity ) = (4+2) x Q + 5000 ( variable + fixed costs )

In a different scenario, we may be asked to calculate the break-even price . Let’s consider our sandwich example and say our owner knows she has enough ingredients for about 5000 sandwiches per month but is not sure how much to sell them for. In that case, if we know our break-even equation, we can simply make the following changes:

P ( price ) x 5000 = (4+2) x 5000 + 5000

By solving the equation we get to the price of $7 per sandwich.

5.2.1.5. Market share and market size

We can also consider the market closely with profit, as in fact the company’s performance in the market is what drives profits. The market size is the total number of potential customers for a certain business or product, whereas the market share is the percentage of that market that your business controls (or could control, depending on the case).

There is a good chance you will have to estimate the market size in one of your case interviews and we get into more details on how to do that below. You may be asked to estimate this in either number of potential customers or total value . The latter simply refers to the number of customers multiplied by the average value of the product or service.

To calculate the market share you will have to divide the company’s share by the total market size and multiply by 100:

Note, though, that learning the very basics of business is the beginning rather than the end of your journey. Once you are able to “speak business” at a rudimentary level, you should try to “become fluent” and immerse yourself in reading/viewing/listening to as wide a variety of business material as possible, getting a feel for all kinds of companies and industries - and especially the kinds of problems that can come up in each context and how they are solved. The material put out by the consulting firms themselves is a great place to start, but you should also follow the business news and find out about different companies and sectors as much as possible between now and interviews. Remember, if you’re going to be a consultant, this should be fun rather than a chore!

5.3 Public sector and NGO concepts

As we mentioned, there will be some cases (see section 6.6 for a more detailed example) where the key performance indicators (or KPIs in short) will not be connected to profit. The most common ones will involve the government of a country or an NGO, but they can be way more diverse and require more thought and application of first principles. We have laid out a couple of the key concepts or KPIs that come up below

5.3.1 Quantifiability

In many such scenarios you will be asked to make an important strategic decision of some kind or to optimise a process. Of course these are not restricted to non-private sector cases but this is where they really come into their own as there can be great variation in the type of decision and the types of field.

While there may be no familiar business concepts to anchor yourself onto, a concept that is essential is quantifiability . This means, however qualitative the decision might seem, consultants rely on data so you should always aim to have aspects of a decision that can be quantified, even if the data doesn’t present itself in a straightforward manner.

Let’s take a practical example. Your younger sibling asks you to help them decide which university they should choose if they want to study engineering. One way to structure your approach would be to segment the problem into factors affecting your sibling’s experience at university and experience post-university. Within the ‘at uni’ category you might think about the following:

• Financials : How much are tuition costs and accommodation costs?
• Quality of teaching and research : How are possible universities ranked in the QS guide based on teaching and research?
• Quality of resources : How well stocked is their library, are the labs well equipped etc.?
• Subject ranking : How is engineering at different unis ranked?
• Life on campus and the city : What are the living costs in the city where the university is based? What are the extracurricular opportunities and would your sibling like to live in that specific city based on them?

Within the ‘out of uni’ category you might think about:

• Exit options : What are the fields in which your sibling could be employed and how long does it take the average student of that university to find a job?
• Alumni network : What percentage of alumni are employed by major companies?
• Signal : What percentage of applicants from the university get an interview in major engineering companies and related technical fields?

You will perhaps notice that all the buckets discussed pose quantifiable questions meant to provide us with data necessary to make a decision. It’s no point to ask ‘Which university has the nicest teaching staff?’ as that can be a very subjective metric.

5.3.1 Impact

Another key concept to consider when dealing with sectors other than the private one is how impactful a decision or a line of inquiry is on the overarching issue , or whether all our branches in our issue tree have a similar impact. This can often come in the form of impact on lives, such as in McKinsey’s conservation case discussed below, namely how many species can we save with our choice of habitat.

5.4 Common consulting concepts

Consultants use basic business concepts on an every day basis, as they help them articulate their frameworks to problems. However, they also use some consulting specific tools to quality check their analysis and perform in the most efficient way possible. These principles can be applied to all aspects of a consultant’s work, but for brevity we can say they mostly impact a consultant’s systematic approach and communication - two very important things that are also tested in case interviews. Therefore, it’s imperative that you not only get to know them, but learn how and when to use them as they are at the very core of good casing. They are MECE-ness, the Pareto Principle and the Pyramid principle and are explained briefly below - you should, however, go on to study them in-depth in their respective articles.

Perhaps the central pillar of all consulting work and an invaluable tool to solve cases, MECE stands for Mutually Exclusive and Collectively Exhaustive . It can refer to any and every aspect in a case but is most often used when talking about structure. We have a detailed article explaining the concept here , but the short version is that MECE-ness ensures that there is no overlap between elements of a structure (i.e. the Mutually Exclusive component) and that it covers all the drivers or areas of a problem (Collectively Exhaustive). It is a concept that can be applied to any segmentation when dividing a set into subsets that include it wholly but do not overlap.

Let’s take a simple example and then a case framework example. In simple terms, when we are asked to break down the set ‘cars’ into subsets, dividing cars into ‘red cars’ and ‘sports cars’ is neither mutually exclusive (as there are indeed red sports cars) nor exhaustive of the whole set (i.e. there are also yellow non-sports cars that are not covered by this segmentation). A MECE way to segment would be ‘cars produced before 2000’ and ‘cars produced after 2000’ as this segmentation allows for no overlap and covers all the cars in existence.

Dividing cars can be simple, but how can we ensure MECEness in a case-interview a.k.a. a business situation. While the same principles apply, a good tip to ensure that your structure is MECE is to think about all the stakeholders - i.e. those whom a specific venture involves.

Let’s consider that our client is a soda manufacturer who wants to move from a business-to-business strategy, i.e. selling to large chains of stores and supermarkets, to a business-to-consumer strategy where it sells directly to consumers. In doing so they would like to retrain part of their account managers as direct salespeople and need to know what factors to consider.

A stakeholder-driven approach would be to consider the workforce and customers and move further down the issue tree, thinking about individual issues that might affect them. In the case of the workforce, we might consider how the shift would affect their workload and whether it takes their skillset into account. As for the customers, we might wonder whether existing customers would be satisfied with this move: will the remaining B2B account managers be able to provide for the needs of all their clients and will the fact that the company is selling directly to consumers now not cannibalise their businesses? We see how by taking a stakeholder-centred approach we can ensure that every single perspective and potential issue arising from it is fully covered.

5.4.2 The Pareto Principle

Also known as the 80/20 rule, this principle is important when gauging the impact of a decision or a factor in your analysis. It simply states that in business (but not only) 80% of outcomes come from 20% of causes. What this means is you can make a few significant changes that will impact most of your business organisation, sales model, cost structure etc.

Let’s have a look at 3 quick examples to illustrate this:

• 80% of all accidents are caused by 20% of drivers
• 20% of a company’s products account for 80% of the sales
• 80% of all results in a company are driven by 20% of its employees

The 80/20 rule will be a very good guide line in real engagements as well as case interviews, as it will essentially point to the easiest and most straightforward way of doing things. Let’s say one of the questions in a case is asking you to come up with an approach to understand the appeal of a new beard trimmer. Obviously you can’t interview the whole male population so you might think about setting up a webpage and asking people to comment their thoughts. But what you would get would be a laundry list of difficult to sift through data.

Using an 80/20 approach you would segment the population based on critical factors (age groups, grooming habits etc.) and then approach a significant sample size of each (e.g. 20), analysing the data and reaching a conclusion.

5.4.3 The Pyramid Principle

This principle refers to organising your communication in a top-down , efficient manner. While this is generally applicable, the pyramid principle will most often be employed when delivering the final recommendation to your client. This means - as is implicit in the name - that you would organise your recommendation (and communication in general) as a pyramid, stating the conclusion or most important element at the top then go down the pyramid listing 3 supporting arguments and then further (ideally also 3) supporting arguments for those supporting arguments.

Let’s look at this in practice in a case interview context: your client is a German air-conditioning unit manufacturer who was looking to expand into the French market. However, after your analysis you’ve determined that the market share they were looking to capture would not be feasible. A final recommendation using the Pyramid Principle would sound something like this: ‘I recommend that we do not enter the German market for the following three reasons. Firstly, the market is too small for our ambitions of $50 million. Secondly the market is heavily concentrated, being controlled by three major players and our 5 year goal would amount to controlling 25% of the market, a share larger than that of any of the players. Thirdly, the alternative of going into the corporate market would not be feasible, as it has high barriers to entry.Then, if needed, we could delve deeper into each of our categories

6. Case examples or building blocks?

As we mentioned before, in your case interview preparation you will undoubtedly find preparation resources that claim that there are several standard types of cases and that there is a general framework that can be applied to each type of case. While there are indeed cases that are straightforward at least in appearance and seemingly invite the application of such frameworks, the reality is never that simple and cases often involve multiple or more complicated components that cannot be fitted into a simple framework.

At MCC we don’t want you to get into the habit of trying to identify which case type you’re dealing with and pull out a framework, but we do recognize that there are recurring elements in frameworks that are useful - such as the profitability of a venture (with its revenues and costs), the valuation of a business, estimating and segmenting a market and pricing a product.

We call these building blocks because they can be used to build case frameworks but are not a framework in and of themselves, and they can be shuffled around and rearranged in any way necessary to be tailored to our case. Hence, our approach is not to make you think in terms of case types but work from first principles and use these building blocks to build your own framework. Let’s take two case prompts to illustrate our point.

The first is from the Bain website, where the candidate is asked whether they think it’s a good idea for their friend to open a coffee shop in Cambridge UK (see the case here ). The answer framework provided here is a very straightforward profitability analysis framework, examining the potential revenues and potential costs of the venture:

While this is a good point to start for your case interview (especially taken together with the clarifying questions), we will notice that this approach will need more tailoring to the case - for example the quantity of coffee will be determined by the market for coffee drinkers in Cambridge, which we have to determine based on preference. We are in England so a lot of people will be drinking tea but we are in a university town so perhaps more people than average are drinking coffee as it provides a better boost when studying. All these are some much needed case-tailored hypotheses that we can make based on the initial approach.

Just by looking at this case we might be tempted to say that we can just take a profitability case and apply it without any issues. However, this generic framework is just a starting point and in reality we would need to tailor it much further in the way we had started to do in order to get to a satisfactory answer. For example, the framework for this specific case interview doesn’t cover aspects such as the customer’s expertise: does the friend have any knowledge of the coffee business, such as where to source coffee and how to prepare it? Also, we could argue there may be some legal factors to consider here, such as any approvals that they might need from the city council to run a coffee shop on site, or some specific trade licences that are not really covered in the basic profitability framework.

Let’s take a different case , however, from the McKinsey website. In this scenario, the candidate is being asked to identify some factors in order to choose where to focus the client’s conservation efforts. Immediately we can realise that this case doesn’t lend itself to any pre-packaged framework and we will need to come up with something from scratch - and take a look at McKinsey’s answer of the areas to focus on:

We notice immediately that this framework is 100% tailored to the case - of course there are elements which we encounter in other cases, such as costs and risks but again these are applied in an organic way. It’s pretty clear that while no standard framework would work in this case, the aforementioned concepts - costs and risks - and the way to approach them (a.k.a building blocks ) are fundamentally similar throughout cases (with the obvious specificities of each case).

In what follows, we’ll give a brief description of each building block starting from the Bain example discussed previously, in order to give you a general idea of what they are and their adaptability, but you should make sure to follow the link to the in-depth articles to learn all their ins and outs.

6.1 Estimates and segmentation

This building block will come into play mostly when you’re thinking about the market for a certain product (but make sure to read the full article for more details). Let’s take our Bain Cambridge coffee example. As we mentioned under the quantity bucket we need to understand what the market size for coffee in Cambridge would be - so we can make an estimation based on segmentation .

The key to a good estimation is the ability to logically break down the problem into more manageable pieces. This will generally mean segmenting a wider population to find a particular target group. We can start off with the population of Cambridge - which we estimate at 100.000. In reality the population is closer to 150.000 but that doesn’t matter - the estimation has to be reasonable and not accurate , so unless the interviewer gives you a reason to reconsider you can follow your instinct. We can divide that into people who do and don’t drink coffee. Given our arguments before, we can conclude that 80% of those, so 80.000 drink coffee. Then we can further segment into those who drink regularly - let’s say every day - and those who drink occasionally - let’s say once a week. Based on the assumptions before about the student population needing coffee to function, and with Cambridge having a high student population, we can assume that 80% of those drinking coffee are regular drinkers, so that would be 64.000 regular drinkers and 16.000 occasional drinkers. We can then decide whom we want to target what our strategy needs to be:

This type of estimation and segmentation can be applied to any case specifics - hence why it is a building block.

6.2 Profitability

We had several looks at this building block so far (see an in-depth look here ) as it will show up in most case interivew scenarios, since profit is a key element in any company’s strategy. As we have seen, the starting point to this analysis is to consider both the costs and revenues of a company, and try to determine whether revenues need to be improved or whether costs need to be lowered. In the coffee example, the revenues are dictated by the average price per coffe x the number of coffees sold , whereas costs can be split into fixed and variable .

Some examples of fixed costs would be the rent for the stores and the cost of the personnel and utilities, while the most obvious variable costs would be the coffee beans used and the takeaway containers (when needed). We may further split revenues in this case into Main revenues - i.e. the sales of coffee - and Ancillary revenues , which can be divided into Sales of food products (sales of pastries, sandwiches etc., each with the same price x quantity schema) and Revenues from events - i.e renting out the coffee shop to events and catering for the events themselves. Bear in mind that revenues will be heavily influenced by the penetration rate , i.e. the share of the market which we can capture.

6.3 Pricing

Helping a company determine how much they should charge for their goods or services is another theme that comes up frequently in cases. While it may seem less complicated than the other building blocks, we assure you it’s not - you will have to understand and consider several factors, such as the costs a company is incurring, their general strategic positioning, availability, market trends as well as the customers’ willingness to pay (or WTP in short) - so make sure to check out our in-depth guide here .

In our example, we may determine that the cost per cup (coffee beans, staff, rent) is £1. We want to be student friendly so we should consider how much students would want to pay for a coffee as well as how much are competitors are charging. Based on those factors, it would be reasonable to charge on average £2 per cup of coffee. It’s true that our competitors are charging £3 but they are targeting mostly the adult market, whose willingness to pay is higher, so their pricing model takes that into account as well as the lower volume of customers in that demographic.

6.4. Valuation

A variant of the pricing building block, a valuation problem generally asks the candidate to determine how much a client should pay for a specific company (the target of an acquisition) as well as what other factors to consider. The two most important factors (but not the only ones - for a comprehensive review see our Valuation article ) to consider are the net present value (in consulting interviews usually in perpetuity) and the synergies .

In short, the net present value of a company is how much profit it currently brings in, divided by how much that cash flow will depreciate in the future and can be represented with the equation below:

The synergies refer to what could be achieved should the companies operate as one, and can be divided into cost and revenue synergies .

Let’s expand our coffee example a bit to understand these. Imagine that our friend manages to open a chain of coffee shops in Cambridge and in the future considers acquiring a chain of take-out restaurants. The most straightforward example of revenue synergies would be cross-selling, in this case selling coffee in the restaurants as well as in the dedicated stores, and thus getting an immediate boost in market share by using the existing customers of the restaurant chain. A cost synergy would be merging the delivery services of the two businesses to deliver both food and coffee, thus avoiding redundancies and reducing costs associated with twice the number of drivers and vehicles.

6.5. Competitive interaction

This component of cases deals with situations where the market in which a company is operating changes and the company must decide what to do. These changes often have to do with a new player entering the market (again for more details make sure to dive into the Competitive Interaction article ).

Let’s assume that our Cambridge coffee shop has now become a chain and has flagged up to other competitors that Cambridge is a blooming market for coffee. As such, Starbucks has decided to open a few stores in Cambridge themselves, to test this market. The question which might be posed to a candidate is what should our coffee chain do. One way (and a MECE one) to approach the problem is to decide between doing something and doing nothing . We might consider merging with another coffee chain and pooling our resources or playing to our strengths and repositioning ourselves as ‘your student-friendly, shop around the corner’. Just as easily we may just wait the situation out and see whether indeed Starbucks is cutting into our market share - after all, the advantages of our product and services might speak for themselves and Starbucks might end up tanking. Both of these are viable options if argued right and depending on the further specifics of the case.

6.6. Special cases

Most cases deal with private sectors, where the overarching objective entails profit in some form. However, as hinted before, there are cases which deal with other sectors where there are other KPIs in place . The former will usually contain one or several of these building blocks whereas the latter will very likely have neither. This latter category is arguably the one that will stretch your analytical and organisational skills to the limit, since there will be very little familiarity that you can fall back on (McKinsey famously employs such cases in their interview process).

So how do we tackle the structure for such cases? The short answer would be starting from first principles and using the problem driven structure outlined above, but let’s look at a quick example in the form of a McKinsey case :

The first question addressed to the candidate is the following:

This is in fact asking us to build a structure for the case. So what should we have in mind here? Most importantly, we should start with a structure that is MECE and we should remember to do that by considering all the stakeholders . They are on the one hand the government and affiliated institutions and on the other the population. We might then consider which issues might arise for each shareholder and what the benefits for them would be, as well as the risks. This approach is illustrated in the answer McKinsey provides as well:

More than anything, this type of case shows us how important it is to practise and build different types of structures, and think about MECE ways of segmenting the problem.

7. How Do I prepare for case interviews

In consulting fashion, the overall preparation can be structured into theoretical preparation and practical preparation , with each category then being subdivided into individual prep and prep with a partner .

As a general rule, the level and intensity of the preparation will differ based on your background - naturally if you have a business background (and have been part of a consulting club or something similar) your preparation will be less intensive than if you’re starting from scratch. The way we suggest you go about it is to start with theoretical preparation , which means learning about case interviews, business and basic consulting concepts (you can do this using free resources - such as the ones we provide - or if you want a more through preparation you can consider joining our Case Academy as well).

You can then move on to the practical preparation which should start with doing solo cases and focusing on areas of improvement, and then move on to preparation with a partner , which should be another candidate or - ideally - an ex-consultant.

Let’s go into more details with respect to each type of preparation.

7.1. Solo practice

The two most important areas of focus in sole preparation are:

• Mental math

As we mentioned briefly, the best use of your time is to focus on solving cases. You can start with cases listed on MBB sites since they are clearly stated and have worked solutions as well (e.g. Bain is a good place to start) and then move to more complex cases (our Case Library also offers a range of cases of different complexities). To build your confidence, start out on easier case questions, work through with the solutions, and don't worry about time. As you get better, you can move on to more difficult cases and try to get through them more quickly. You should practice around eight case studies on your own to build your confidence.

Another important area of practice is your mental mathematics as this skill will considerably increase your confidence and is neglected by many applicants - much to their immediate regret in the case interview. Find our mental math tool here or in our course, and practice at least ten minutes per day, from day one until the day before the interview.

7.2. Preparation with a partner

There are aspects of a case interview - such as asking clarifying questions - which you cannot do alone and this is why, after you feel comfortable, you should move on to practice with another person. There are two options here:

• Practicing with a peer
• Practicing with an ex-consultant

In theory they can be complementary - especially if you’re peer is also preparing for consulting interviews - and each have advantages and disadvantages. A peer is likely to practice with you for free for longer, however you may end up reinforcing some bad habits or unable to get actionable feedback. A consultant will be able to provide you the latter but having their help for the same number of hours as a peer will come at a higher cost. Let’s look at each option in more detail.

7.2.1. Peer preparation

Once you have worked through eight cases solo, you should be ready to simulate the case interview more closely and start working with another person.

Here, many candidates turn to peer practice - that is, doing mock case interviews with friends, classmates or others also applying to consulting. If you’re in university, and especially in business school, there will very likely be a consulting club for you to join and do lots of case practice with. If you don’t have anyone to practice, though, or if you just want to get a bit more volume in with others, our free meeting board lets you find fellow applicants from around the world with whom to practice. We recommend practicing around 10 to 15 ‘live’ cases to really get to a point where you feel comfortable.

7.2.2. Preparation with a consultant

You can do a lot practising by yourself and with peers. However, nothing will bring up your skills so quickly and profoundly as working with a real consultant.

Perhaps think about it like boxing. You can practice drills and work on punch bags all you want, but at some point you need to get into the ring and do some actual sparring if you ever want to be ready to fight.

Practicing with an ex consultant is essentialy a simulation of a case interview. Of course, it isn’t possible to secure the time of experienced top-tier consultants for free. However, when considering whether you should invest to boost your chances of success, it is worth considering the difference in your salary over even just a few years between getting into a top-tier firm versus a second-tier one. In the light of thousands in increased annual earnings (easily accumulating into millions over multiple years), it becomes clear that getting expert interview help really is one of the best investments you can make in your own future.

Should you decide to make this step, MyConsultingCoach can help, offering bespoke mentoring programmes , where you are paired with a 5+ year experienced, ex-MBB mentor of your choosing, who will then oversee your whole case interview preparation from start to finish - giving you your best possible chance of landing a job!

7.3. Practice for online interviews

Standard preparation for interview case studies will carry directly over to online cases.

However, if you want to do some more specific prep, you can work through cases solo to a timer and using a calculator and/or Excel (online cases generally allow calculators and second computers to help you, whilst these are banned in live case interviews).

Older PST-style questions also make great prep, but a particularly good simulation is the self-assessment tests included in our Case Academy course . These multiple choice business questions conducted with a strict time limit are great preparation for the current crop of online cases.

7.4. Fit interviews

As we’ve noted, even something billed as a case interview is very likely to contain a fit interview as a subset.

We have an article on fit interviews and also include a full set of lessons on how to answer fit questions properly as a subset of our comprehensive Case Academy course .

Here though, the important thing to convey is that you take preparing for fit questions every bit as seriously as you do case prep.

Since they sound the same as you might encounter when interviewing for other industries, the temptation is to regard these as “just normal interview questions”.

However, consulting firms take your answers to these questions a good deal more seriously than elsewhere.

This isn’t just for fluffy “corporate culture” reasons. The long hours and close teamwork, as well as the client-facing nature of management consulting, mean that your personality and ability to get on with others is going to be a big part of making you a tolerable and effective co-worker.

If you know you’ll have to spend 14+ hour working days with someone you hire and that your annual bonus depends on them not alienating clients, you better believe you’ll pay attention to their character in interview.

There are also hard-nosed financial reasons for the likes of McKinsey, Bain and BCG to drill down so hard on your answers.

In particular, top consultancies have huge issues with staff retention. The average management consultant only stays with these firms for around two years before they have moved on to a new industry.

In some cases, consultants bail out because they can’t keep up with the arduous consulting lifestyle of long hours and endless travel. In many instances, though, departing consultants are lured away by exit opportunities - such as the well trodden paths towards internal strategy roles, private equity or becoming a start-up founder.

Indeed, many individuals will intentionally use a two year stint in consulting as something like an MBA they are getting paid for - giving them accelerated exposure to the business world and letting them pivot into something new.

Consulting firms want to get a decent return on investment for training new recruits. Thus, they want hires who not only intend to stick with consulting longer-term, but also have a temperament that makes this feasible and an overall career trajectory where it just makes sense for them to stay put.

This should hammer home the point that, if you want to get an offer, you need to be fully prepared to answer fit questions - and to do so excellently - any time you have a case interview.

8. Interview day - what to expect, with tips

Of course, all this theory is well and good, but a lot of readers might be concerned about what exactly to expect in real life . It’s perfectly reasonable to want to get as clear a picture as possible here - we all want to know what we are going up against when we face a new challenge!

Indeed, it is important to think about your interview in more holistic terms, rather than just focusing on small aspects of analysis. Getting everything exactly correct is less important than the overall approach you take to reasoning and how you communicate - and candidates often lose sight of this fact.

In this section, then, we’ll run through the case interview experience from start to finish, directing you to resources with more details where appropriate. As a supplement to this, the following video from Bain is excellent. It portrays an abridged version of a case interview, but is very useful as a guide to what to expect - not just from Bain, but from McKinsey, BCG and any other high-level consulting firm.

8.1. Getting started

Though you might be shown through to the office by a staff member, usually your interviewer will come and collect you from a waiting area. Either way, when you first encounter them, you should greet your interviewer with a warm smile and a handshake (unless they do not offer their hand). Be confident without verging into arrogance. You will be asked to take a seat in the interviewer’s office, where the case interview can then begin.

8.1.1. First impressions

In reality, your assessment begins before you even sit down at your interviewer’s desk. Whether at a conscious level or not, the impression you make within the first few seconds of meeting your interviewer is likely to significantly inform the final hiring decision (again, whether consciously or not).

Your presentation and how you hold yourself and behave are all important . If this seems strange, consider that, if hired, you will be personally responsible for many clients’ impressions of the firm. These things are part of the job! Much of material on the fit interview is useful here, whilst we also cover first impressions and presentation generally in our article on what to wear to interview .

As we have noted above, your interview might start with a fit segment - that is, with the interviewer asking questions about your experiences, your soft skills, and motivation to want to join consulting generally and that firm in particular. In short, the kinds of things a case study can’t tell them about you. We have a fit interview article and course to get you up to speed here.

8.1.2. Down to business

Following an initial conversation, your interviewer will introduce your case study , providing a prompt for the question you have to answer. You will have a pen and paper in front of you and should (neatly) note down the salient pieces of information (keep this up throughout the interview).

It is crucial here that you don’t delve into analysis or calculations straight away . Case prompts can be tricky and easy to misunderstand, especially when you are under pressure. Rather, ask any questions you need to fully understand the case question and then validate that understanding with the interviewer before you kick off any analysis. Better to eliminate mistakes now than experience that sinking feeling of realising you have gotten the whole thing wrong halfway through your case!

This process is covered in our article on identifying the problem and in greater detail in our Case Academy lesson on that subject.

8.1.3. Analysis

Once you understand the problem, you should take a few seconds to set your thoughts in order and draw up an initial structure for how you want to proceed. You might benefit from utilising one or more of our building blocks here to make a strong start. Present this to your interviewer and get their approval before you get into the nuts and bolts of analysis.

We cover the mechanics of how to structure your problem and lead the analysis in our articles here and here and more thoroughly in the MCC Case Academy . What it is important to convey here, though, is that your case interview is supposed to be a conversation rather than a written exam . Your interviewer takes a role closer to a co-worker than an invigilator and you should be conversing with them throughout.

Indeed, how you communicate with your interviewer and explain your rationale is a crucial element of how you will be assessed. Case questions in general, are not posed to see if you can produce the correct answer, but rather to see how you think . Your interviewer wants to see you approach the case in a structured, rational fashion. The only way they are going to know your thought processes, though, is if you tell them!

To demonstrate this point, here is another excellent video from Bain, where candidates are compared.

Note that multiple different answers to each question are considered acceptable and that Bain is primarily concerned with the thought processes of the candidate’s exhibit .

Another reason why communication is absolutely essential to case interview success is the simple reason that you will not have all the facts you need to complete your analysis at the outset. Rather, you will usually have to ask the interviewer for additional data throughout the case to allow you to proceed .

NB: Don't be let down by your math!

Your ability to quickly and accurately interpret these charts and other figures under pressure is one of the skills that is being assessed. You will also need to make any calculations with the same speed and accuracy (without a calculator!). As such, be sure that you are up to speed on your consulting math .

8.1.4. Recommendation

Finally, you will be asked to present a recommendation. This should be delivered in a brief, top-down "elevator pitch" format , as if you are speaking to a time-pressured CEO. Again here, how you communicate will be just as important as the details of what you say, and you should aim to speak clearly and with confidence.

For more detail on how to give the perfect recommendation, take a look at our articles on the Pyramid Principle and providing recommendations , as well the relevant lesson within MCC Academy .

8.1.5. Wrapping up

After your case is complete, there might be a few more fit questions - including a chance for you to ask some questions of the interviewer . This is your opportunity to make a good parting impression.

We deal with the details in our fit interview resources. However, it is always worth bearing in mind just how many candidates your interviewers are going to see giving similar answers to the same questions in the same office. A pretty obvious pre-requisite to being considered for a job is that your interviewer remembers you in the first place. Whilst you shouldn't do something stupid just to be noticed, asking interesting parting questions is a good way to be remembered.

Now, with the interview wrapped up, it’s time to shake hands, thank the interviewer for their time and leave the room .

You might have other case interviews or tests that day or you might be heading home. Either way, if know that you did all you could to prepare, you can leave content in the knowledge that you have the best possible chance of receiving an email with a job offer. This is our mission at MCC - to provide all the resources you need to realise your full potential and land your dream consulting job!

8.2. Remote and one-way interview tips

Zoom case interviews and “one-way” automated fit interviews are becoming more common as selection processes are increasingly remote, with these new formats being accompanied by their own unique challenges.

Obviously you won’t have to worry about lobbies and shaking hands for a video interview. However, a lot remains the same. You still need to do the same prep in terms of getting good at case cracking and expressing your fit answers. The specific considerations around remote case interviews are, in effect, around making sure you come across as effectively as you would in person.

8.2.1. Connection

It sounds trivial, but a successful video case interview of any kind presupposes a functioning computer with a stable and sufficient internet connection.

Absolutely don’t forget to have your laptop plugged in, as your battery will definitely let you down mid-interview. Similarly, make sure any housemates or family know not to use the microwave, vacuum cleaner or anything else that makes wifi cut out (or makes a lot of noise, obviously)

If you have to connect on a platform you don’t use much (for example, if it’s on Teams and you’re used to Zoom), make sure you have the up to date version of the app in advance, rather than having to wait for an obligatory download and end up late to join. Whilst you’re at it, make sure you’re familiar with the controls etc. At the risk of being made fun of, don’t be afraid to have a practice call with a friend.

8.2.2. Dress

You might get guidance on a slightly more relaxed dress code for a Zoom interview. However, if in doubt, dress as you would for the real thing (see our article here ).

Either way, always remember that presentation is part of what you are being assessed on - the firm needs to know you can be presentable for clients. Taking this stuff seriously also shows respect for your interviewer and their time in interviewing you.

8.2.3. Lighting

An aspect of presentation that you have to devote some thought to for a Zoom case interview is your lighting.

Hopefully, you long ago nailed a lighting set-up during the Covid lockdowns. However, make sure to check your lighting in advance with your webcam - bearing in mind what time if day your case interview actually is. If your case interview is late afternoon, don’t just check in the morning. Make sure you aren’t going to be blinded from light coming in a window behind your screen, or that you end up with the weird shadow stripes from blinds all over your face.

Natural light is always best, but if there won’t be much of that during your interview, you’ll likely want to experiment with moving some lamps around.

8.2.4. Clarity

The actual stories you tell in an automated “one-way” fit interview will be the same as for a live equivalent. If anything, things should be easier, as you can rattle off a practised monologue without an interviewer interrupting you to ask for clarifications.

You can probably also assume that the algorithm assessing your performance is sufficiently capable that it will be observing you at much the same level as a human interviewer. However, it is probably still worth speaking as clearly as possible with these kinds of interviews and paying extra attention to your lighting to ensure that your face is clearly visible.

No doubt the AIs scoring these interviews are improving all the time, but you still want to make their job as easy as possible. Just think about the same things as you would with a live Zoom case interview, but more so.

9. How we can help

There are lots of great free resources on this site to get you started with preparation, from all our articles on case solving and consulting skills to our free case library and peer practice meeting board .

To step your preparation up a notch, though, our Case Academy course will give you everything you need to know to solve the most complex of cases - whether those are in live case interviews, with chatbots, written tests or any other format.

Whatever kind of case you end up facing, nothing will bring up your skillset faster than the kind of acute, actionable feedback you can get from a mock case interview a real, MBB consultant. Whilst it's possible to get by without this kind of coaching, it does tend to be the biggest single difference maker for successful candidates.

You can find out more on our coaching page:

Explore Coaching

Of course, for those looking for a truly comprehensive programme, with a 5+ year experienced MBB consultant overseeing their entire prep personally, from networking and applications right through to your offer, we have our mentoring programmes.

You can read more here:

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Business Analyst Case Study

A business analyst case stud y is used to give near-world exposure to a business analyst. So, in this post, we will be discussing what is business analysis, what is business analysis, and what are the requirements and strategies of an analyst. Plus, a business case analysis example for better understanding. Let’s start with understanding what is business analysis before we go to analyst case studies.

What is business analysis?

Business Analysis is a search for identifying the business needs, threats, and problems and finding and implementing the solutions and changes which are required for the business.

It has three different roles which define the discipline

• Analysing the whole business, and its elements to identify any process or elements and identifying the spots which require changes.
• To find every possible solution for any business problem and to implement the most suited solution.
• And, therefore, to evaluate the new process of working.

Who is a Business Analyst?

A business analyst also known as BA analyses the business process, systems, documentation, business model, and technologies to identify the problems and to guide the business towards a better process, structure, product, and technology.

In business analysis, there are many more roles than just business analysis like business systems, systems, processes, product analysis, data scientist etc.

And to understand, what is business analyst, now understand the business analyst roles.  

Business Analyst Role

Before we understand the business analyst case study, let’s understand the business analyst’s role in an organization. To get a better understanding of the job and their roles and responsibilities.

Understand Business Requirements 

The very first thing of an analyst is to understand the needs and requirements of the business and what requirements the business is lacking.

Finding Solutions

The business analyst’s role is to find the solutions for problems which are gathered in the business process, requirements systems, technologies etc.

Project Implementation

A business analyst not only has to create a solution plan plus they have to design and implement the solution in an organization. 

Requirements For Function

It is important to analyze what is required to complete the project. As a result, to understand the business analyst’s case study an analyst identifies the requirements needed and fulfils those requirements.

Another business analyst’s role is to test their processes, solutions, and techniques before implementing and making them perfect for the organization. 

Decision Making & Problem-Solving

It is one of the roles which is spread all of their jobs because of making a decision and solving problems. For every problem in business, a business analyst is to find and implement the solution. 

Maintenance of System and Operations

A  business analyst also says that they have to provide maintenance, system validation reports, and deactivation plans. Plus, the analyst is also involved in evaluating the replacement or deactivation is needed.

Moreover, for a better understanding of the business analyst role and these business analyst case studies, here are the business analysis requirements and business analysis techniques. Therefore, it explains how a business analyst works.  

Business analysis requirements

Business analysis requirements are divided into different categories. It is a piece of documentation which includes their needs, things which need updations changes etc.

So business analysis requirements are classified into:

STAKEHOLDER REQUIREMENTS

Firstly, it’s important to understand who are the stakeholders , to understand a business analyst case study the related stakeholders play an important role in understanding their needs and requirements and understanding how business decisions will impact them.

Documenting and fulfilling the stakeholder’s requirements fulfils their requirements and later they fulfil the business requirements.

BUSINESS REQUIREMENTS

Secondly, to create a systematic business plan which includes all the requirements, a working map of the business, and a structure of responsibilities of each person.

SOLUTION REQUIREMENTS

Solution requirements are said to the process or quality improvement i.e. changes that are made in the business process or in quality that will fulfil the stakeholder’s requirements. Such a problem will be discussed later in the business analyst case study. As a result, solution requirements in business analysis requirements are classified into:

• Functional Requirments
• Non Functional Requirments

TRANSITION REQUIREMENTS

These requirements refer to the changes that which business wanted in its process. Therefore, in simple terms, it is a process of a transaction from the current state to the target state.

A transition can be about any process or domain which might be misunderstood, so it’s important to document before starting work on the project. 

business analysis techniques

Business analysis techniques are some of the ways through which business analysts use to determine the environment of the business. These techniques are used later in the business analyst case studies.

Also, these techniques determine which business decisions can be most effective and from which decisions the firm has to face consequences

Here are the 4 most common business analysis techniques:

MOST refers to Mission, Objectives, and Strategies. It helps in evaluating the internal analysis of the mission statement. Furthermore, it formulates strategies to tackle hurdles in achieving organisational objectives

It helps in analysing the external environment of the organization. PESTLE stands for:

• Political: changes in political parties in their ideology, and their policy can affect business decisions.
• Economical: the economic conditions, economic growth and other economic factors.
• Social: environment of social society and analysing how the business will be impacted by society culture  
• Technology: latest technology, and upcoming changes to keep business decisions accurate.
• Legal: Law, rules, and regulations which are related to the business environment.
• Environmental: analysing how the business decision will impact the environment.

In a business analyst case study, a business is divided into four parts. An organization can make four different decisions for each segment. Also, SWOT analysis has four different segments:

• Opportunities

Organization analysis of each aspect of business and each business aspect goes to one of these segments.

So, the organization knows which segments need improvements and what are their USPs   

MoSCoW stands for Must or Should, Could or Would. This technique requires analyses of every requirement and marks its level of prioritization.

Afterwards, requirements with the highest prioritization get priority attention.

To understand an analyst job, a business analyst case study will give a real example. So, here is the problem followed by the solution of how a business analysis example will solve the problem:

In the problem section of the business analyst case study, we discuss the actual problem of the business case analysis example. Furthermore, it is a problem for the consumer goods companies (food industry) that are targeting to expand their business. Therefore, here is the problem for business analysis example:

The target for a business analyst is to find the insights of quality measurement systems’ best practices which are required to create better products and the tools and the process which will be required to do so.

Solution 

The solution for these business analyst case studies is divided into subparts. Moreover, the process for finding quality improvement is to find the benchmarking, creating tools, continuous feedback and finalization.

Information gathering

The very first step of any business problem is to gather information as possible related to that business analysis example. However, gather all the background information related to background i:e information related to the department, and the history of the problem in the organization.

Afterwards, it’s important to understand the various elements which can affect the business analysis strategy. Two models for information gathering:

• PESTEL Analysis: This method analyzes the external environment of the business. The impacts of different environments on your business or your business decisions .
• Porter’s Five Force Model : In the analysis of the business environment or impact on business decisions by evaluating Industry competitors, new entrants, substitutes, buyers and suppliers.

  Identify Related Stakeholders

As we are moving further in our business analyst case study, an analyst needs to identify all the stakeholders who are associated with the decision. It’s important to understand how different groups can be affected by the decision.

So it’s, important to make a decision which suits each group of the business. Different groups in business are:

• Shareholders
• Competitors

Discover Business Objectives

As the business case study examples say after the background information and understanding of the stake behind the decision. Also, it’s important to understand that the decision will reflect the company’s objective. Moreover, every business case analysis example shows that the decision of the business reflects the business objectives, vision and mission.

Analysis & Benchmarking

Moving further in the business analyst case study and according to our problem of improving product quality improvement.

Analysing the recent process of setting up benchmarks. To create high-quality food products, here is the process:

• Firstly measure the old process and benchmarks
• Compare the organization’s benchmark with competitors’ benchmarks and standards.
• Research for standards and benchmarks needed for improving the quality.
• In-depth interviews and a survey frame the conduction by the production head, researchers, and experts, to identify small sports to improve.

Tool Creation

After all the findings and research work , the next step in the business analysis example is to create tools and fill the loopholes in the existing process to create a more suitable method.

Note: The process of tool creation and mapping is theoretical.

Afterwards, a final document which includes the findings, and research. Plus, the most suitable process will get on documents.

Requirements for new process added to the document.

As the name suggests in this business analyst case study the designed plan gets trial runs. The goal is to achieve the perfect quality of food. Moreover, it creates more than one process in theory with different variations.

Finalization

After continuous trials and feedback, it is essential to determine the best alternative in the next step of the business analyst case study. As a result, the organization select the best alternative which is most suited and effective. Calculation of process effectiveness:

• Quality of product

Evaluate Value Added By Project

In the final stage of our business analyst case study, it is important to determine how effective and how the process of improving quality added to the profit levels of the business.

So, it was one of the business analyst case studies to explain real-world working and their requirements and strategies.

What is a case study for a business analyst?

Business case studies, either involve an ongoing issue or a company’s success, and analysts have communicative tools to determine the right decisions for business. Plus they demonstrate higher value & competence.

How do you write a case study for a business analyst?

Steps to writing a case study analysis

• Step 1: Investigate the Company’s History and Growth
• Step 2: Identify Strengths and Weaknesses
• Step 3: Examine the External Environment.
• Step 4: Analyze Your Findings.
• Step 5: Identify Corporate-Level Strategy.
• Step 6: Identify Business-Level Strategy.
• Step 7: Analyze Implementations.

What Does a Business Analyst Do?

Business analysts go by many other job titles, including:

• Business Architect
• Business Intelligence Analyst
• Business Systems Analyst
• Data Scientist
• Enterprise Analyst
• Management Consultant
• Process Analyst
• Product Manager
• Product Owner
• Requirements Engineer
• Systems Analyst

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What Is a Case Study?

What is a case study interview, how to prep for a case study interview, case study interview example questions, during the case study interview.

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Table of Contents

A case study interview isn’t your average interview. While most interviews ask you to give examples of how you use your skills on the job, in a case study interview, you’ll use those skills in front of the interviewer to solve a real-life problem.

It’s like auditioning for the school play. But instead of showing you can sing and dance, you’re using a case interview to show how you provide innovative solutions to pressing business problems. Not sure how to get ready for this kind of interview? We’ve got you covered. This guide explains how to prep for a case study interview.

Case studies are used across a variety of industries — everything from business to medicine. They are an in-depth examination, analysis, and critique of a real-world scenario the company experienced. People discuss the situation and explore what they learned while forming new solutions to try when they face a similar situation in the future and hope to improve their performance.

For example, doctors and nurses use case studies to improve how they diagnose and treat patients. Using real patient information, the medical team analyzes the case to see what the team may have missed and why they missed it. Learning from these errors helps the team better prepare for similar cases in the future to improve patient care.

While many industries use case studies to iterate and improve their performance, not every company uses case study interviews. This type of interview is very common at consulting companies (no matter what kind of consulting it is). But it’s not unusual for companies outside of consulting to use case interviews for marketing or operations roles.

In a case study interview, you’re given a real-world situation the company has faced and are tasked with analyzing it and suggesting a course of action.

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Skills you’ll build: Prioritizing, planning, data analysis, error spotting, communication, strategic thinking

Businesses use case study interviews to assess your abilities in real-time. While you’ll probably draw on a variety of skills, most case study interviews assess:

• Strategic thinking
• Analytical skills
• Common sense

The advantage of a case study interview is that the interviewer can evaluate your ability in each of these areas and see how you’ll actually use them on the job.

What Is a Fit Interview?

Some people use “case study interview” and “fit interview” interchangeably. While a fit interview and a case study interview both ask behavioral interview questions , they are not the same thing.

A case study interview assesses your ability to do the job. It primarily evaluates how you approach business problems and use your skills to solve them. A fit interview is about company culture fit. The interviewer asks questions that assess how well you’ll fit into the company, like asking you questions about what motivates you or how you lead .

Fit and case interviews are important parts of the evaluation process. Getting the job done is just as critical as getting along with coworkers and supporting the company’s mission. Depending on where you interview, you may have one fit interview and one case study interview, or the fit interview may be a smaller part of the case study interview.

What You’ll Learn in a Case Study Interview

A case study interview allows the hiring manager to see your skills in action and how you approach business challenges. But it also teaches you a lot about the company (even if you’re doing most of the talking).

In a sense, you’re behaving as an employee during a case study interview. This gives you a peek behind the curtain, allowing you to see the company’s inner workings, like how they approach business problems and what they expect from you and your performance.

For example, you may offer a novel approach to solving a problem during a case interview. How does the interviewer react to it? Are they impressed? Surprised? Is there a scowl or frown on their face? Their reaction gives you insights into how the company will likely receive your solutions.

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Depending on the specific company, you may have the case study interview questions in advance, but you may not. Whether you do or don’t, here’s how to prepare for a case study interview.

Conduct Deep Research

Good interview prep for any interview means researching the company. That includes things like learning more about the company’s mission and the challenges the industry faces. But when you’re preparing for a case study interview, your research needs to go deeper. 

When you answer a case study question, your answer has to be specific to the company’s clients or business objectives. For example, if you’re interviewing for a role in strategy consulting , your answer shouldn’t focus on aspects of human resources consulting (unless it’s particularly relevant).

Your research needs to include the kinds of clients the company works with and what types of problems the company solves. For example, the company may only consult for Fortune 100 companies that need accounting advice. Keep these facts in mind as you prepare for the interview.

Case Study Interview Formats

There are four types of case study interview formats:

• Candidate-led: The interviewer asks you a specific question (or gives you a prompt), and you walk the interviewer through a detailed answer.
• Employer-led: The interviewer leads you through a series of specific (and predetermined) prompts and questions, no matter your answers.
• Presentation: You’re given a problem in advance to create and present a detailed case study.
• Video: Similar to a presentation case study interview, you’ll create a video presentation of the case study.

Most companies will tell you in advance which style of case study interview you should prepare for. But if they don’t, reach out to your recruiter or check the company’s website. Many include the essential details you need to prepare for the case study interview.

Seek Out Company-Specific Tips

Speaking of companies and their websites, not only do many companies that use case study interviews tell you the format, they often include helpful tips and tricks to help candidates prepare. This includes what to expect, what the company is looking for skill-wise, and what kinds of responses they want. They may even have a few practice questions and videos you can use to help you prep.

Unlike other common interview questions , it’s not as easy to prepare an answer to case study interview questions. Even though you know it’s a case study interview, you don’t necessarily know the specifics of the case or what problems you’ll be asked to solve.

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That said, it’s likely your case study interview questions will cover one or several of these concepts:

• Entering new markets
• Increasing profits
• Cutting costs
• Turnarounds
• Mergers and acquisitions
• Pricing strategy
• Developing new products
• Industry analysis
• Competitive response

While there are many ways to answer case study interview questions, a few basic prep tips can help you get ready for every question.

In addition to what you usually bring to a job interview , make sure you bring a notepad and pen or pencil to a case study interview. Taking notes will help you better understand the questions and formulate your answers. It also gives you a place to calculate numbers and figures if you need to. Not every case study interview allows calculators, so you’ll need to be ready to do your calculations manually.

Ask Specific Questions

As you’re working through the case study, you can and should ask any clarifying questions you need. The interviewer wants to hear specific, detailed answers that solve the problem. So, whenever you’re unclear, ask a follow-up question to not only get what you need but to give the interviewer what they need. 

That said, your question(s) should be very specific. You need to verify exactly what the interview is asking so you can create an appropriate answer. Say the interviewer gives you a broad question: The client’s revenue is falling. How do you help them increase it? You can follow up with a very specific question or two to make sure you understand what the interviewer is asking:

You’re asking how I would help the client raise revenue, correct? Are you also asking how I would help them increase their profit and cut costs?

>>Related: 5 Top Questions to Ask in an Interview (and Why You Should Ask Them)

Talk Them Through It

A big part of the case study interview is seeing you in action. However, in this case, “see” really means “how you think.” Since the interviewer can’t hear your inner monologue, you’ll need to practice thinking out loud.

While the interviewer wants to hear your solution, they also want to hear how you got there. That means talking through your entire thought process. Instead of saying, “I’d do X,” you have to explain how you arrived at your decision while you’re getting there.

Because not everyone thinks out loud, it may feel unnatural to you, and you likely won’t be expected to do it on the job. But it’s crucial to practice this skill — and it is a skill — because the interviewer is expecting you to do it in a case study interview.

Want to give a case study a shot? Try out a Forage consulting virtual simulation program and gain the skills you’ll need to ace a case study interview.

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How to Write a Case Study Analysis

Step-By-Step Instructions

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When writing a business case study analysis , you must first have a good understanding of the case study . Before you begin the steps below, read the business case carefully, taking notes all the while. It may be necessary to read the case several times to get all of the details and fully grasp the issues facing the group, company, or industry.

As you are reading, do your best to identify key issues, key players, and the most pertinent facts. After you are comfortable with the information, use the following step-by-step instructions (geared toward a single-company analysis) to write your report. To write about an industry, just adapt the steps listed here to discuss the segment as a whole.

Step 1: Investigate the Company’s History and Growth

A company’s past can greatly affect the present and future state of the organization. To begin, investigate the company’s founding, critical incidents, structure, and growth. Create a timeline of events, issues, and achievements. This timeline will come in handy for the next step. 

Step 2: Identify Strengths and Weaknesses

Using the information you gathered in step one, continue by examining and making a list of the value creation functions of the company. For example, the company may be weak in product development but strong in marketing. Make a list of problems that have occurred and note the effects they have had on the company. You should also list areas where the company has excelled. Note the effects of these incidents as well.

You're essentially conducting a partial SWOT analysis to get a better understanding of the company's strengths and weaknesses. A SWOT analysis involves documenting things like internal strengths (S) and weaknesses (W) and external opportunities (O) and threats (T). 

Step 3: Examine the External Environment

The third step involves identifying opportunities and threats within the company’s external environment. This is where the second part of the SWOT analysis (the O and the T) comes into play. Special items to note include competition within the industry, bargaining powers, and the threat of substitute products. Some examples of opportunities include expansion into new markets or new technology. Some examples of threats include increasing competition and higher interest rates.

Step 4: Analyze Your Findings

Using the information in steps 2 and 3, create an evaluation for this portion of your case study analysis. Compare the strengths and weaknesses within the company to the external threats and opportunities. Determine if the company is in a strong competitive position, and decide if it can continue at its current pace successfully.

Step 5: Identify Corporate-Level Strategy

To identify a company’s corporate-level strategy, identify and evaluate the company’s mission , goals, and actions toward those goals. Analyze the company’s line of business and its subsidiaries and acquisitions. You also want to debate the pros and cons of the company strategy to determine whether or not a change might benefit the company in the short or long term.​

Step 6: Identify Business-Level Strategy

Thus far, your case study analysis has identified the company’s corporate-level strategy. To perform a complete analysis, you will need to identify the company’s business-level strategy. (Note: If it is a single business, without multiple companies under one umbrella, and not an industry-wide review, the corporate strategy and the business-level strategy are the same.) For this part, you should identify and analyze each company’s competitive strategy, marketing strategy, costs, and general focus.

Step 7: Analyze Implementations

This portion requires that you identify and analyze the structure and control systems that the company is using to implement its business strategies. Evaluate organizational change, levels of hierarchy, employee rewards, conflicts, and other issues that are important to the company you are analyzing.

Step 8: Make Recommendations

The final part of your case study analysis should include your recommendations for the company. Every recommendation you make should be based on and supported by the context of your analysis. Never share hunches or make a baseless recommendation.

You also want to make sure that your suggested solutions are actually realistic. If the solutions cannot be implemented due to some sort of restraint, they are not realistic enough to make the final cut.

Finally, consider some of the alternative solutions that you considered and rejected. Write down the reasons why these solutions were rejected. 

Step 9: Review

Look over your analysis when you have finished writing. Critique your work to make sure every step has been covered. Look for grammatical errors , poor sentence structure, or other things that can be improved. It should be clear, accurate, and professional.

Business Case Study Analysis Tips

Keep these strategic tips in mind:

• Know the case study ​backward and forward before you begin your case study analysis.
• Give yourself enough time to write the case study analysis. You don't want to rush through it.
• Be honest in your evaluations. Don't let personal issues and opinions cloud your judgment.
• Be analytical, not descriptive.
• Proofread your work, and even let a test reader give it a once-over for dropped words or typos that you no longer can see.
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5 Steps for Writing a Case Study for Business (+Templates)

Get professional tips for writing a case study that drives business impact. Learn the best format and research method to use alongside examples & templates.

John McTale

7 minute read

SHORT ANSWER

What is a case study.

• Open with an introductory overview
• Explain the problem in question
• Detail the solutions that solved the problem
• Refer to key results
• Finish with recommendations and next steps

Why you need a case study

“I climbed Mount Everest and I did it all by myself.” “Yeah mate, pics or it didn’t happen.” The same logic applies to case studies. In business, it’s “case studies or it didn’t happen.” A well-written case study legitimizes your product or services. It proves the impact your actions have on the bottom line and is the single most important element of building trust amongst prospective clients. But… How do you write a *perfect* case study? One that engages readers and makes them care about your offering and excited to work with you?

In business, a case study , or customer success story, is a marketing tool that showcases how your product or service helped clients overcome business challenges. It uses statistics, quotes, and specific examples to convincingly highlight your ability to produce results.

What is the purpose of a case study?

The purpose of a case study, usually, is to provide your prospective clients with specific examples of how your products or services can help solve business problems they might be facing.

Case studies legitimize your business activities allowing you to go beyond explaining what you do and focus on how well you do it. (And, in case you were wondering just HOW important case studies are, here’s an item of data to ponder: according to a DemandGen report , 78% of B2B buyers want to review case studies before making a purchase decision. Another study by Uplift found that at the end of 2023, f or the third year in a row, marketers ranked case studies the #1 most effective marketing tactic to increase sales—ahead of general website content, SEO, blog posts, social media, paid ads and other tactics. )

There’s no magic behind it. Just a proven, simple formula I’m about to share with you. Spend the next 7 minutes reading this guide and you’ll learn how to write case studies better than any case study you’ve created in the past. Important caveat: this article explains how to write a case study for business purposes. If you’re interested in writing research case studies for academia, refer to this excellent guide by University of Southern California. If, in turn, you’re struggling with putting together a medical case study, here’s a fantastic 101 by the BMJ . I’m not going to pretend I know better than these guys do.

For your reference, here’s an example of our very own case study, showing how, at Storydoc, we helped the Spot company boost some of their key metrics: Learn How Spot by NetApp boosted their conversion rates 2x.

Spot's team used this deck to boost their conversion 2x

By drawing the bigger picture even deep-tech software products can be easily explained.

Browse interactive case study templates

No matter how great the contents of your case study might be, if you fail to present it in an eye-pleasing way, most likely, no one will really read it. The good news? I’ve put together a gallery of the most professional, attention-grabbing case study templates available online. You can find it here: Case Study Templates & Design Tips Or, take a shortcut to great case study design and use our presentation maker . Have a look below to see what your case study might look like.

And now, let’s get to the case study 101. (If you’re only interested in a specific section of a case study, simply click on a jump-to link in the table of contents below.

Here's how to write a case study:

1. Open with an introductory overview

The last thing you want is for someone to open your case study, give it a quick glance, and decide to skip. See— People don’t usually read case studies. At least not immediately. First, they skim the contents to see if the subject is relevant enough. How to make sure your case study sticks? At the beginning, place an introductory overview (also called an “executive summary”). Provide an overview of the whole case. It’s not supposed to be a catchy intro but a full synopsis, detailing the problem at hand, your assumptions, the solutions implemented, and the results achieved.

How to write a case study introduction?

Introduce the purpose of the case study—specify exactly what you were aiming to achieve.

Define the problem or the most significant challenge. For instance, low conversion rates, a technological issue or high costs. (It could also be a combination of such factors!)

Explain briefly what the solution to the problem was.

Share the most important results your actions produced. Don’t go into too much detail, a few key points will do. It’s best if you can quantify the results: numbers pop!

Keep it short. Usually, 2–4 paragraphs + a few bullet points with key results will do.

While, as its name implies, this section comes at the beginning of your case study, write it last. First, craft the rest of your document, then pick the most important bits and compile them into the introductory overview.

2. Explain the problem in question

“Adam caught a flat tire. In the middle of the desert. He had no spare, no signal, no food, and only enough water to keep him alive for 48 hours.” Oh dear, poor Adam! What could possibly be done to help him?! See, in your case study, make the client seem like Adam so that, later on, you can paint your company like the miraculous savior. Of course, I’m exaggerating, but only so much. The purpose of the “problem” section in a case study is to arouse emotions from the readers. Ideally, in such a way that they can picture themselves as Adam. Highlight a problem your product or services solve and present an example of when that problem was troubling a client really badly.

How to write a “problem” section in a case study?

In a single sentence, describe your customer’s business challenges and objectives.

Explain the problem your customer faced that prevented them from achieving those objectives prior to working with you.

If that was the case, mention other solutions your client experimented with that didn’t work out and explain why.

Make it clear how the issue or problem impacted the client’s business results so that it’s easy to understand why a solution was badly needed.

3. Detail the solutions implemented to solve the problem

Here comes the moment to toot your own horn a bit (and also that moment when you can get slightly technical). Present your solutions in reference to the issue your client was dealing with and make it obvious that those are easily replicable for all future cases. Of course, the exact formula for this section will depend on your industry and mode of operation. Sometimes a 2–3 paragraph summary will be enough, in other cases, you’ll need to include more detailed technical specs regarding the solution you implemented.

How to write a solutions section in a case study?

Focus on your customer’s experience in using your product or services.

Explain the process: say how long it took to get the solution up and running and what teams on your customer’s end were involved.

Highlight the features of your product or service that turned out to be the most beneficial to your customer.

If possible, attach or link to relevant assets that will work as real-life examples of your solution (unless, of course, the information is highly sensitive).

Always run your case study by your client’s marketing team before you go live. Even if you’re using direct quotes or verifiable results, it’s ultimately their decision whether or not to make certain information freely available.

4. Refer to key results

In business, nothing speaks louder than ROI and you know it. Prospective customers reading your case study won’t be bothered to take notice of your state-of-the-art technology or innovative approach. Neither will they care about your past customers’ happiness. What they want to know is this: Will that help me save or make money? When writing a case study, your job is to present results in a way that answers the above question with a resounding YES. You need to make it blatantly obvious that your solutions heavily impact the bottom line of the client in question and that such results are easily replicable.

Here’s how to write about results:

In a few bullet points, list numerical results your solution delivered to the client.

Ideally, you’ll want to include revenue-related data: increase in clients’ base, more demos booked, higher conversion rates, or optimized pricing.

If you can’t (or aren’t allowed to) share hard sales numbers, refer to softer KPIs: time saved, customer happiness scores, expanding the community, or enhancing brand visibility.

If possible, by all means include quotes from your client. Results should speak for themselves, obviously, but showing the real human whose problems you solved makes for a much more powerful narrative. Plus, it further adds credibility to the case study. Start by preparing a list of powerful case study questions to guide your client interviews.8

5. Finish with recommendations and next steps

Everyone enjoys a solid epilogue. To end on a high note, include a list of key findings from your case study. Even if a given reader won’t decide to get in touch with you, at least you’ll provide them with a valuable source of knowledge—sometimes that’s enough to keep your company top of mind in the future. Plus, if you’re planning to continue working with the subject of your case study, definitely mention that! It shows that your support is valuable enough to warrant long-term collaboration, not just a one-off endeavor. Now, not every case study requires a call to action (especially if your main purpose is to inform and educate rather than convert, which is okay, too), but for those more commercially-oriented ones, do add it. Make your CTA singular and clear —if the most desired action is to reach out to you, leave your contact details, if you’d rather direct prospects to a landing page or a welcome screen, add a button.

And that’s a wrap!

Here are the key points to keep in mind when writing a case study:

Put an introductory overview at the beginning.

Present the problem you were solving and your exact solutions to that problem.

Include numerical, verifiable results your product or services delivered for the client.

Explain what the next steps are, especially if you plan to continue working with the client.

Finish with a strong, clear CTA, making it easy for prospects to reach out to you.

Thanks for reading the guide. Keeping my fingers crossed for your case study and wishing many successful cases so that you’ll always have something to write about.

Hi, I'm John, Editor-in-chief at Storydoc. As a content marketer and digital writer specializing in B2B SaaS, my main goal is to provide you with up-to-date tips for effective business storytelling and equip you with all the right tools to enable your sales efforts.

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What the Case Study Method Really Teaches

• Nitin Nohria

Seven meta-skills that stick even if the cases fade from memory.

It’s been 100 years since Harvard Business School began using the case study method. Beyond teaching specific subject matter, the case study method excels in instilling meta-skills in students. This article explains the importance of seven such skills: preparation, discernment, bias recognition, judgement, collaboration, curiosity, and self-confidence.

During my decade as dean of Harvard Business School, I spent hundreds of hours talking with our alumni. To enliven these conversations, I relied on a favorite question: “What was the most important thing you learned from your time in our MBA program?”

• Nitin Nohria is the George F. Baker Jr. and Distinguished Service University Professor. He served as the 10th dean of Harvard Business School, from 2010 to 2020.

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Amazon Business Analyst Interview Case Study Questions & Answers

General Overview of the Amazon Business Analyst Case Study

The Amazon business analyst case study interview is one of the interviews you have to take if you are applying for one of Amazon’s business roles, including Amazon Business Analyst, Business Development, Marketing, Product Manager, Corporate Strategy, and Product Marketing. The interview is meant to ascertain your leadership and problem-solving abilities. They want to know what you will do in certain situations.

Amazon is one of the largest companies servicing people globally. Situations will arise, and your ability to handle them appropriately will determine the company’s image before customers. If you are applying for any of these roles, your success will determine your chances of getting the job. The Amazon case study interview is set to test the applicant on some level of suitability for the job, including:

• Structured and logical thinking: how well you can structure complex situations and challenges logically and in a simplified way.
• Problem-solving and analytical skills: how well you can read, comprehend, and analyze situations to attain a logical conclusion and beneficial solution.
• Effective communication skills: how clearly and articulately you can communicate a situation and arrive at a solution.
• Personality and cultural fit: how well you can work with other people, take instructions, and collaborate. Teamwork can improve company growth by several percentage.
• Business acumen: how sound your intuition is when it comes to business dealings.

The case study interview requires thorough preparation to pass similiar to the Amazon technical interview. While preparing for the interview might seem daunting and taking the actual interview might seem scary, this article will put your mind at ease and get you adequately prepared to ace the interview.

This article will guide you on how to solve the Amazon case study question and demonstrate this with examples. You’ll also learn some helpful tips to prepare for the  Amazon business analyst assessment & interview questions. 

How to Solve Amazon Case Study

Solving Amazon case study questions is not difficult if you know how to approach them. Here are strategies for solving Amazon case study questions:

Understand the Case Before You

Before you attempt to answer any case before you, you should understand it well. The interview will start with the interviewer intimating you on a situation. The interviewer will start with the background information on the case, where you have to be attentive. Follow the scenario and note all the points. Ensure that you understand the situational context and the objective of the case. Know the essence of the information.

You are at liberty to ask questions to clarify any part that is unclear to you. You can summarize the story to the interviewer to ascertain that you understand what you are meant to understand. The essence is to ensure that you grasp the objective of the situation. Understanding the case is essential to passing the test because it will guide you in answering the intended question.

R ead More:   7-Must Know Business Analyst SQL Interview Questions

Organize the Problem

Once the interviewer has narrated the case to you, you have to organize every bit of the information to enable you to answer the questions logically. It is like developing a framework for answering the question. At this point, you have to brainstorm on the case before you. Note your ideas and then organize them logically.

At the brainstorming stage, your ideas may not be organized. You are at liberty to ask the interviewer to give you some minutes. Then you organize your thoughts and ideas in order. Categorize your ideas and arrange them accordingly.

When you are done, intimate the interviewer with your ideas and framework. The interviewer may offer some advice, ask questions, and give you feedback. This aspect is essential because it tells you how well aligned you are with the whole case before you.

Start Solving the Case

Now that you are sure you are on track, you can start answering the question. Using your framework, you will start attending to the different aspects of the case. The process of answering the question will depend on whether the interviewer is leading the interview or the candidate is leading it. If the interviewer is leading the interview, he will tell you the aspect of your framework to start working from.

If the interview is candidate-led, you can decide the aspect of your framework to start working from. You will give reasons why you have chosen to start from that angle. At this stage, you should not bother with starting wrong. There is no straightjacket approach to solving the case.

Attend to Quantitative Challenges

The case study question may have a quantitative angle to it. For example, you may be asked a question that involves figures and estimates. You can start solving the problem with mathematical calculations.

Attend to Qualitative Challenges

The Amazon cases study question may involve qualitative questions. For example, you may be asked questions involving a business situation and asked to proffer a solution or provide your opinion on a critical business situation. Answering this question involves a structural and careful arrangement of your ideas. State your approach and justify that approach. Then, go ahead to solve the problem following your approach.

Summarize your Solution and Tender a Recommendation

At this point, you should round off your answers, summarize your points, and tender recommendations. You should give reasons for your recommendations. You can also include further actions or steps you would have taken if you had more data and time. They can cover aspects of your framework that you have not developed fully due to time or some questions that you did not answer in-depth.

Examples of Amazon Case Study Question and Solution

As stated already, Amazon case study questions are meant to test your problem-solving skills. The interviewer will ask you questions based on actual situations to determine your suitability for the job. Among others, they look out for your business acumen, communication, and leadership skills. Here is a possible case:

Case question: The company wants to acquire a small business and aspire to improve net profits from $3,000 to $6,000 within a month. How do you think we can achieve this?

For a question like this, the focus is on your mindset as a business analyst, thinking capacity, and business acumen. They want to know your mindset, whether positive or negative. It is easy for some people to think that it is impossible to double profit in a month. Your answer should include a positive statement on how much this is positive.

Then you will talk about the strategies that can make this possible. The company can achieve a doubling profit within a month using effective marketing and acquisition points and diligence. First off, the company should be diligent in choosing a business to acquire. Contrary to many business acquisition models that look at the business’s yearly growth or how lucrative the market for the business niche is, the company should go for a growing business. If the business grows by 5% monthly, it will make a positive purchase.

Then, the company has to consider the business’s branding. If it has a strong market presence, then Amazon’s marketing strategy will have a springboard to scale from. If the business is growing, there is the possibility of making more than triple the net profit in the third month because the growth would bring in more profit.

Other essential points to consider when looking to get a good deal are low competition, positive reviews, and the quick wins the business promises. Also, analyze every aspect of the business and ensure that it passes the test.

The company’s marketing skills will set the company on a high speed to rake in more profit. You can discuss the impact of marketing skills like media coverage, ads, promos, and so on. This response shows you are passionate about the company’s expansion, but you are also diligent and look out for the company’s positive move.

Read More: Amazon Business Analyst Salary & Position Guide

Amazon Case Interview Tips

Get familiar with Amazon’s 16 leadership principles . An apt knowledge of Amazon’s leadership principles will help you pass the personality and cultural fit test. Amazon expects its employees to act on the leadership principles. Amazon sees its employees as leaders, and they represent the company.

• Get familiar with Amazon’s business model.
• Acquaint yourself with recent news and information on Amazon
• Ask questions until you understand every aspect of the interview and questions.
• Be flexible. Practice with frameworks but do not use them if the scenario does not call for them. Let your answer be relevant to the case at hand.

Amazon business analyst  case study interview requires ample preparations. If you have the right guide, you are on your way to realizing your dreams of being a business analyst for Amazon. This guide is one of the best materials you will need. It teaches you how to answer case study questions and tips to do it right.

Read More: Amazon Business Analyst Intern Assessment and Interview Questions

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Mastering Case Study Interview Questions for Business Analysts: Strategies for Success

Case study interview questions are a type of job interview where candidates are presented with a real or simulated business scenario or problem and are asked to analyze, assess, and propose solutions to the situation. These interviews are commonly used to evaluate a candidate’s problem-solving skills, critical thinking abilities, domain knowledge, communication skills, and how well they can apply their skills to real-world business challenges.

Case study interviews are a common component of the hiring process for business analysts. They aim to assess a candidate’s analytical thinking, problem-solving abilities, and decision-making skills in a real-world context.

Case studies for business analysts are scenarios or real-world problems that candidates are presented with during interviews to assess their analytical thinking, problem-solving skills, and ability to make informed decisions. These case studies are designed to simulate the types of challenges and situations that business analysts may encounter in their roles. Case study interviews are important for business analysts for several reasons:

1. Realistic Simulation: Case study interviews provide a realistic simulation of the kind of complex and multifaceted problems that business analysts encounter in their roles. They offer candidates a chance to demonstrate their ability to analyse, think critically, and make informed decisions based on incomplete or ambiguous information.

2. Problem-Solving Skills: Case studies test a candidate’s problem-solving skills. Business analysts often need to analyse various aspects of a problem, break it down into manageable components, identify root causes, and propose effective solutions. Case study interviews assess a candidate’s approach to tackling such challenges.

3. Analytical Thinking: Business analysts need strong analytical thinking skills to dissect problems, gather relevant information, and draw logical conclusions. Case study interviews assess a candidate’s ability to analyse data, identify trends, and make data-driven decisions.

4. Decision-Making: Business analysts often need to make decisions that impact an organization’s strategies, operations, and outcomes. Case study interviews evaluate a candidate’s decision-making skills under pressure and their ability to make well-reasoned choices.

5. Domain Knowledge: Case studies allow candidates to apply their domain knowledge to practical scenarios. This is particularly important for business analysts who work in specialized industries where understanding industry-specific nuances is critical.

6. Prioritization and Time Management: Business analysts  must manage multiple tasks and prioritize their workload. Case study interviews can assess a candidate’s ability to manage time effectively and prioritize tasks based on their significance and urgency.

Overall, case study interviews provide a comprehensive and practical assessment of a candidate’s capabilities as a business analyst, offering valuable insights into their analytical thinking, problem-solving skills, domain expertise, and ability to thrive in challenging work environments.

Sample Case Study Interview Questions

Candidates must use their creativity, analytical thinking, data interpretation, and industry expertise in order to succeed in these interviews. It is crucial for candidates to explain the rationale behind their decisions in addition to how they arrived at their recommendations. Success in case study interviews for business analysts depends on thorough understanding of business principles, effective communication, and structured problem-solving. Following are few sample case studies to help candidates understand the nature of these interviews as well as how to approach such questions.

Case 1: Market Entry Strategy

Company X, a technology firm, is considering entering a new international market. They want to tap into a growing economy with a strong demand for their products. You have been asked to recommend the most suitable market entry strategy. Consider factors like market size, competition, and regulatory environment.

Question 1: What is the primary factor that Company X should consider when selecting a market entry strategy for the new international market?

A) Company’s financial resources

B) Cultural diversity of the target market

C) Strong demand for products in the market

D) Political stability of the target country

Answer: C) Strong demand for products in the market

Explanation: The key consideration for entering a new market is whether there’s a demand for the company’s products. While other factors are important, such as financial resources and political stability, the fact that the market has a strong demand for the products makes it a primary factor in the decision-making process.

Question 2: Company X wants to minimize its risk exposure in the new market while still capitalizing on the strong demand. Which market entry strategy is most suitable for this scenario?

A) Exporting

B) Joint Venture

C) Direct Investment

D) Franchising

Answer: A) Exporting

Explanation: Exporting allows Company X to enter the market with relatively lower risk and investment. It involves selling products from the home country to the target market, which minimizes the need for significant upfront investments like direct investments or joint ventures.

Question 3: Company X values local expertise and distribution network in the new market. Which market entry strategy aligns with this preference?

B) Licensing

C) Joint Venture

D) Direct Investment

Answer: C) Joint Venture

Explanation: Joint Venture involves partnering with a local company, which brings local expertise and an established distribution network. This strategy allows Company X to leverage the partner’s knowledge of the market while sharing the risks and rewards.

Question 4: In terms of regulatory environment, which market entry strategy provides Company X with the most control over its operations in the new market?

A) Franchising

C) Exporting

Answer: D) Direct Investment

Explanation: Direct Investment, such as setting up subsidiaries or wholly-owned subsidiaries, provides Company X with the highest level of control over its operations in the new market. This strategy allows them to make decisions independently and tailor their operations to local conditions.

Question 5: Company X has limited financial resources. Which market entry strategy is the most cost-effective way to tap into the strong demand in the new market?

A) Direct Investment

D) Joint Venture

Answer: C) Exporting

Explanation: Exporting typically requires lower upfront investment compared to strategies like direct investment or joint venture. It allows Company X to leverage its existing resources to reach the new market and capitalize on the demand without significant financial risk.

Case 2: Process Optimization

Company Y, a manufacturing company, is experiencing delays in its production process. These delays are impacting customer satisfaction and profitability. Your task is to identify the bottlenecks in the process, suggest improvements, and estimate potential cost savings.

Question 1: Which of the following best defines a bottleneck in a manufacturing process?

A) A point in the process with excess capacity

B) A step that operates at maximum efficiency

C) A point in the process that slows down overall production

D) A step that requires minimal resources

Answer: C) A point in the process that slows down overall production

Explanation: A bottleneck is a point in the process that restricts the flow of production and slows down the overall process. It is the part of the process that has the lowest capacity or efficiency, causing delays.

Question 2: Company Y identifies a bottleneck in the assembly line where workers are frequently waiting for parts. What improvement strategy should they focus on?

A) Increasing the number of workers in the assembly line

B) Streamlining the production process to eliminate non-value-added steps

C) Reducing the number of parts used in assembly

D) Increasing the amount of inventory for parts

Answer: B) Streamlining the production process to eliminate non-value-added steps

Explanation: Eliminating non-value-added steps and improving the flow of materials can help reduce wait times and alleviate the bottleneck. Increasing the number of workers or increasing inventory might not address the root cause of the issue.

Question 3: What is the purpose of conducting a root cause analysis in process optimization?

A) To identify all steps in the process

B) To assign blame for process delays

C) To identify underlying causes of process inefficiencies

D) To increase the number of process steps

Answer: C) To identify underlying causes of process inefficiencies

Explanation: Root cause analysis is conducted to identify the underlying factors that contribute to process inefficiencies or delays. It helps to pinpoint the true causes of problems rather than just addressing symptoms.

Question 4: In the context of process optimization, what is the “Theory of Constraints” (TOC)?

A) A method for increasing the number of process steps

B) A strategy to eliminate all bottlenecks in a process

C) An approach to identifying and managing constraints that limit process performance

D) A technique to maximize inventory levels

Answer: C) An approach to identifying and managing constraints that limit process performance

Explanation: The Theory of Constraints (TOC) is a management philosophy that focuses on identifying and managing constraints or bottlenecks in a process to improve overall performance. It aims to optimize the flow of work through the entire system.

Question 5: Company Y implements process improvements that reduce production time per unit by 20%. If they produce 1,000 units per month and each unit generates $50 in profit, what is the estimated monthly cost savings?

Answer: C) $10,000

Explanation: If each unit generates $50 in profit, a 20% reduction in production time per unit would result in a savings of 20% * $50 = $10 per unit. With 1,000 units produced per month, the total estimated monthly cost savings would be 1,000 units * $10 = $10,000.

Case 3: Customer Segmentation and Marketing

Company Z, an e-commerce retailer, wants to improve its marketing strategies. They have a diverse customer base and want to tailor their campaigns to different segments. Your job is to analyze customer data, identify distinct segments, and recommend marketing approaches for each segment.

Question 1: What is the primary goal of customer segmentation in marketing?

A) To increase the total number of customers

B) To target all customers with the same marketing messages

C) To identify and group customers with similar characteristics and preferences

D) To eliminate certain customer segments to focus on others

Answer: C) To identify and group customers with similar characteristics and preferences

Explanation: Customer segmentation involves grouping customers based on shared characteristics and preferences. This allows the company to create targeted marketing strategies that resonate with each group.

Question 2: What data sources are most valuable for conducting customer segmentation?

A) Random demographic data

B) Purchase history, behavioural data, and survey responses

C) Social media followers’ profiles

D) General industry trends

Answer: B) Purchase history, behavioural data, and survey responses

Explanation: Purchase history, behavioural data, and survey responses provide insights into customer preferences, habits, and interests. These data sources are crucial for creating meaningful customer segments.

Question 3: Company Z identifies two customer segments: price-sensitive shoppers and brand-conscious shoppers. What marketing approach is suitable for the price-sensitive segment?

A) Premium pricing and exclusive offers

B) Targeted ads focusing on brand value

C) Discounts and promotions

D) Social media influencer collaborations

Answer: C) Discounts and promotions

Explanation: Price-sensitive shoppers are likely to respond well to discounts and promotions. This approach aligns with their preference for cost-saving opportunities.

Question 4: How does personalized marketing content benefit customer segmentation efforts?

A) It reduces the need for customer segmentation

B) It ensures that all customers receive the same messages

C) It increases customer loyalty and engagement

D) It decreases the need for analysing customer data

Answer: C) It increases customer loyalty and engagement

Explanation: Personalized marketing content resonates with individual customers, enhancing their engagement and loyalty. It reinforces the effectiveness of customer segmentation by addressing specific needs and preferences.

Question 5: Company Z wants to target high-value customers who make frequent purchases. Which marketing approach is most suitable for this segment?

A) Broad, general advertisements

B) Limited-time offers for new customers

C) Loyalty programs and exclusive rewards

D) Social media engagement campaigns

Answer: C) Loyalty programs and exclusive rewards

Explanation: High-value customers who make frequent purchases are likely to respond positively to loyalty programs and exclusive rewards. These strategies incentivize their continued engagement and purchases.

Case 4: Product Pricing Strategy

Company A, a consumer goods manufacturer, is launching a new product. They need help determining the optimal pricing strategy. Analyze market research, competitor pricing, and cost data to recommend a pricing strategy that maximizes revenue and market share.

Question 1: What is the primary goal of a product pricing strategy?

A) To set the highest possible price to maximize profit

B) To match competitors’ prices exactly

C) To attract customers with the lowest price possible

D) To balance maximizing revenue with market share objectives

Answer: D) To balance maximizing revenue with market share objectives

Explanation: The primary goal of a pricing strategy is to strike a balance between generating maximum revenue and gaining a competitive market share. It involves considering both the price customers are willing to pay and the company’s profitability goals.

Question 2: What role does competitor pricing play in determining a pricing strategy?

A) Competitor pricing should always be matched or undercut

B) Competitor pricing has no impact on the company’s pricing decisions

C) Competitor pricing provides insights into market benchmarks and customer perceptions

D) Competitor pricing is the sole factor in setting the product’s prices

Answer: C) Competitor pricing provides insights into market benchmarks and customer perceptions

Explanation: Competitor pricing helps a company understand how its prices compare to market norms and competitors. It also provides insights into how customers perceive the product’s value in relation to alternatives.

Question 3: What pricing strategy involves initially setting a lower price to quickly gain market share and attract customers?

A) Skimming pricing

B) Cost-plus pricing

C) Penetration pricing

D) Premium pricing

Answer: C) Penetration pricing

Explanation:  Penetration pricing involves setting a lower initial price to attract customers quickly and gain market share. This strategy aims to stimulate demand and establish the product in the market.

Question 4: Company A is introducing a luxury product with premium features. What pricing strategy is suitable for this scenario?

D) Competitive pricing

Answer: A) Skimming pricing

Explanation: Skimming pricing involves setting a high initial price for a product with unique or premium features. This strategy targets early adopters willing to pay a premium, and the price may be gradually lowered as demand grows.

Question 5: How does value-based pricing differ from cost-plus pricing?

A) Value-based pricing focuses solely on costs

B) Cost-plus pricing considers customer perceptions of value

C) Value-based pricing is unrelated to customer preferences

D) Cost-plus pricing relies on competitor pricing data

Answer: B) Cost-plus pricing considers customer perceptions of value

Explanation: Value-based pricing considers what customers are willing to pay based on the perceived value of the product. Cost-plus pricing, while considering costs, also factors in customer perceptions of value to determine a fair price.

Case 5: Financial Performance Analysis in Case Study Interview Questions

Company B, a financial services provider, is experiencing declining profitability. You’re tasked with analysing the company’s financial statements, identifying key drivers of the decline, and suggesting strategies to improve profitability.

Question 1: Which financial statement provides an overview of a company’s financial performance over a specific period, including revenues, expenses, and net income?

A) Balance Sheet

B) Statement of Cash Flows

C) Income Statement

D) Statement of Retained Earnings

Answer: C) Income Statement

Explanation: The Income Statement, also known as the Profit and Loss Statement, summarizes a company’s revenues, expenses, and net income for a given period, indicating its profitability.

Question 2: Company B’s declining profitability is indicated by a decreasing net income. What could be a potential reason for this decline?

A) Increasing revenues

B) Decreasing expenses

C) Rising costs

D) Growing customer base

Answer: C) Rising costs

Explanation: Declining profitability could result from rising costs that outpace any increase in revenues. If expenses, such as production or operating costs, are increasing without a proportional increase in revenue, it can lead to lower net income.

Question 3: Which financial ratio measures a company’s ability to meet its short-term obligations using its most liquid assets?

A) Debt-to-Equity Ratio

B) Current Ratio

C) Return on Equity (ROE)

D) Gross Margin Ratio

Answer: B) Current Ratio

Explanation: The Current Ratio measures a company’s ability to cover its short-term liabilities with its short-term assets, providing insight into its liquidity and short-term solvency.

Question 4: Company B’s Gross Margin Ratio has been decreasing. What does this decrease signify?

A) Increasing profitability

B) Decreasing efficiency in cost control

C) Improving sales revenue

D) Lowering operating expenses

Answer: B) Decreasing efficiency in cost control

Explanation: A decreasing Gross Margin Ratio suggests that the company’s cost of goods sold is increasing faster than its sales revenue. This indicates potential inefficiencies in cost management.

Question 5: What is one strategy Company B could implement to improve profitability based on financial analysis?

A) Increase advertising expenditure

B) Lower product prices

C) Reduce operating expenses

D) Expand production without analysing demand

Answer: C) Reduce operating expenses

Explanation: Reducing operating expenses is a common strategy to improve profitability. It can involve cost-cutting measures that do not compromise the quality of products or services.

Case 6: Supply Chain Optimization in Case Study Interview Questions

Company C, a retail chain, is facing challenges with its supply chain. There are issues related to inventory management, transportation, and supplier relationships. Your role is to identify inefficiencies and propose solutions to optimize the supply chain.

Question 1: What is the primary goal of supply chain optimization?

A) Maximizing inventory levels

B) Minimizing supplier relationships

C) Reducing transportation costs

D) Enhancing overall efficiency and effectiveness

Answer: D) Enhancing overall efficiency and effectiveness

Explanation: The primary goal of supply chain optimization is to improve the efficiency and effectiveness of the entire supply chain, from procurement to distribution, to achieve cost savings and better service.

Question 2: Company C is experiencing stockouts due to inefficient inventory management. What strategy can help address this issue?

A) Increasing order quantities to maintain higher inventory levels

B) Implementing a Just-In-Time (JIT) inventory system

C) Expanding the number of suppliers

D) Centralizing the distribution network

Answer: B) Implementing a Just-In-Time (JIT) inventory system

Explanation: A JIT inventory system involves maintaining minimal inventory levels and receiving goods only as needed. This strategy can help prevent stockouts while reducing excess inventory costs.

Question 3: What does the term “bullwhip effect” refer to in supply chain management?

A) A sudden increase in transportation costs

B) An unexpected drop in demand

C) The amplification of demand fluctuations as they move up the supply chain

D) A decrease in supplier responsiveness

Answer: C) The amplification of demand fluctuations as they move up the supply chain

Explanation: The bullwhip effect describes the phenomenon where small fluctuations in demand are amplified as they move up the supply chain. It can result in inventory imbalances and inefficient resource allocation.

Question 4: Company C has multiple suppliers for the same product. What benefit does this strategy offer?

A) It simplifies supplier relationships

B) It ensures redundancy in case of supply chain disruptions

C) It minimizes transportation costs

D) It leads to lower product quality

Answer: B) It ensures redundancy in case of supply chain disruptions

Explanation: Having multiple suppliers for the same product provides redundancy, reducing the risk of disruptions caused by issues with a single supplier. This strategy enhances supply chain resilience.

Question 5: What role does data analytics play in supply chain optimization?

A) It increases transportation costs

B) It eliminates the need for supplier relationships

C) It improves demand forecasting and inventory management

D) It leads to overstocking of inventory

Answer: C) It improves demand forecasting and inventory management

Explanation: Data analytics can help analyse historical data to forecast demand accurately, leading to improved inventory management. It helps avoid both stockouts and overstocking.

Case  7: Mergers and Acquisitions in Case Study Interview Questions

Company D is considering acquiring a competitor to strengthen its market position. You are responsible for evaluating the potential acquisition, analysing the financial health of the target company, and assessing the strategic fit between the two entities.

Question 1: What is the primary goal of a merger or acquisition?

A) To eliminate competition

B) To reduce the size of the acquiring company

C) To increase market share and strengthen competitive position

D) To replace the leadership of the acquiring company

Answer: C) To increase market share and strengthen competitive position

Explanation: The primary goal of a merger or acquisition is often to increase market share, enhance competitiveness, and achieve synergies that benefit both the acquiring and target companies.

Question 2: What is the due diligence process in the context of mergers and acquisitions?

A) A legal requirement for completing the acquisition

B) The final stage of negotiations between the two companies

C) The process of evaluating the target company’s financial health, operations, and risks

D) A process to dissolve the target company’s existing contracts

Answer: C) The process of evaluating the target company’s financial health, operations, and risks

Explanation: Due diligence involves a thorough assessment of the target company’s financials, operations, legal matters, and other aspects to ensure that the acquiring company has a clear understanding of what it is acquiring.

Question 3: What financial ratio helps evaluate the ability of the acquiring company to cover its debt obligations after the acquisition?

A) Return on Investment (ROI)

B) Price-to-Earnings (P/E) Ratio

C) Debt-to-Equity Ratio

D) Current Ratio

Answer: D) Current Ratio

Explanation: The Current Ratio measures a company’s ability to meet short-term obligations using short-term assets. It helps assess the company’s liquidity and ability to cover debt payments post-acquisition.

Question 4: What is a key consideration when assessing the strategic fit between the acquiring company and the target company?

A) Redundant products and services

B) Identical corporate cultures

C) Shared customer base

D) Complementary strengths and weaknesses

Answer: D) Complementary strengths and weaknesses

Explanation: Assessing the strategic fit involves evaluating how the strengths of the acquiring and target companies complement each other. This synergy can lead to enhanced competitiveness and value creation.

Question 5: What is a potential downside of a poorly executed merger or acquisition?

A) Enhanced market position

B) Decreased competition

C) Loss of key talent

D) Elimination of operational challenges

Answer: C) Loss of key talent

Explanation: A poorly executed merger or acquisition can result in cultural clashes, uncertainty, and loss of key talent from both the acquiring and target companies.

Case 8: Customer Satisfaction Enhancement in Case Study Interview Questions

Company E, a telecom provider, is receiving a high number of customer complaints. Your task is to analyse customer feedback, identify the root causes of dissatisfaction, and propose strategies to enhance customer satisfaction and retention.

Question 1: What is the primary goal of analysing customer feedback in this scenario?

A) To identify the most profitable customer segments

B) To determine the best marketing strategy

C) To improve customer satisfaction and retention

D) To reduce the number of customer complaints

Answer: C) To improve customer satisfaction and retention

Explanation: Analysing customer feedback helps identify areas of dissatisfaction and allows the company to implement strategies to enhance customer satisfaction and ultimately retain more customers.

Question 2: Company E finds that most customer complaints are related to call wait times and technical support. What action can be taken to address this issue?

A) Reduce the number of customer service representatives

B) Outsource customer support to a third-party provider

C) Invest in improving call centre efficiency and technical support quality

D) Discontinue customer support services

Answer: C) Invest in improving call centre efficiency and technical support quality

Explanation: To address complaints related to call wait times and technical support, Company E should invest in improving call centre efficiency and enhancing technical support quality to provide better customer experiences.

Question 3: What is the significance of identifying root causes of customer dissatisfaction rather than just addressing surface-level complaints?

A) Root causes are often too complex to address effectively

B) Surface-level complaints are typically more important to customers

C) Identifying root causes requires excessive resources

D) Addressing root causes leads to sustainable improvements

Answer: D) Addressing root causes leads to sustainable improvements

Explanation: Addressing root causes of dissatisfaction leads to more sustainable improvements, as it prevents the recurrence of similar issues and ensures a better overall customer experience.

Question 4: In terms of customer satisfaction, why is proactive communication important for Company E?

A) Proactive communication can replace the need for customer support

B) Proactive communication reduces customer expectations

C) Proactive communication demonstrates responsiveness and care

D) Proactive communication is more cost-effective than traditional advertising

Answer: C) Proactive communication demonstrates responsiveness and care

Explanation: Proactively communicating with customers demonstrates that the company is attentive to their needs and is actively working to address concerns. This builds customer trust and enhances satisfaction.

Question 5: What strategy can Company E use to incentivize loyal customers and encourage retention?

A) Increasing prices for existing customers

B) Offering discounts and special promotions to new customers only

C) Implementing a customer loyalty program with exclusive rewards

D) Reducing the quality of service to reduce costs

Answer: C) Implementing a customer loyalty program with exclusive rewards

Explanation: Implementing a customer loyalty program with exclusive rewards, discounts, and special benefits incentivizes loyal customers to stay with the company and builds stronger relationships.

Case 9: New Product Development in Case Study Interview Questions

Company F, a pharmaceutical company, is researching a new drug. You are tasked with conducting a feasibility analysis, including market demand, regulatory considerations, and potential risks, to guide the decision on whether to proceed with development.

Question 1: What is the purpose of conducting a feasibility analysis for a new pharmaceutical product?

A) To determine the cost of manufacturing the product

B) To forecast the revenue potential of the product

C) To assess the market demand, regulatory requirements, and potential risks

D) To develop the marketing strategy for the product

Answer: C) To assess the market demand, regulatory requirements, and potential risks

Explanation: Conducting a feasibility analysis for a new pharmaceutical product involves evaluating factors such as market demand, regulatory compliance, potential risks, and the overall viability of the product in the market.

Question 2: Why is understanding market demand crucial in the feasibility analysis of a new pharmaceutical product?

A) Market demand directly affects manufacturing costs

B) Market demand determines the revenue potential of the product

C) Market demand indicates the level of competition in the industry

D) Market demand influences regulatory approval

Answer: B) Market demand determines the revenue potential of the product

Explanation: Understanding market demand helps assess the potential sales and revenue of the new pharmaceutical product. It provides insights into the product’s attractiveness in the market and its potential success.

Question 3: What role do regulatory considerations play in the feasibility analysis of a new pharmaceutical product?

A) Regulatory considerations are irrelevant in the early stages of product development

B) Regulatory considerations determine the manufacturing process of the product

C) Regulatory considerations impact the product’s approval and market entry

D) Regulatory considerations solely affect the marketing strategy

Answer: C) Regulatory considerations impact the product’s approval and market entry

Explanation: Regulatory considerations are crucial in the pharmaceutical industry as they determine whether the product can gain approval for sale in the market. Compliance with regulations is essential for product success.

Question 4: What is a potential risk that should be evaluated in the feasibility analysis of a new pharmaceutical product?

A) Competitor market share

B) Manufacturing cost projections

C) Potential adverse effects on patients

D) Regulatory approval timelines

Answer: C) Potential adverse effects on patients

Explanation: Evaluating potential adverse effects on patients is an important risk consideration in pharmaceutical product development. Ensuring product safety is essential to regulatory approval and market success.

Question 5: What factor might influence the decision to proceed with the development of a new pharmaceutical product even if the feasibility analysis reveals potential risks?

A) Manufacturing costs

B) Market demand

C) Competitor strategies

D) Marketing budget

Answer: B) Market demand

Explanation: If the feasibility analysis indicates strong market demand and the potential for significant revenue, the company might still decide to proceed with development, taking necessary measures to mitigate the identified risks.

Case 10: Risk Management in Case Study Interview Questions

Company G operates in a highly regulated industry. They are concerned about compliance risks and data security. Your role is to assess the company’s risk exposure, identify potential risks, and recommend risk mitigation strategies.

Question 1: What is the primary goal of risk management in a highly regulated industry like Company G’s?

A) To eliminate all risks completely

B) To transfer all risks to external parties

C) To identify and mitigate risks to an acceptable level

D) To ignore risks that are unlikely to occur

Answer: C) To identify and mitigate risks to an acceptable level

Explanation: In a highly regulated industry, the goal of risk management is to identify potential risks, assess their impact, and implement strategies to mitigate or manage those risks to a level that is acceptable to the company.

Question 2: What is a compliance risk that Company G might face in its highly regulated industry?

A) Violation of industry regulations

B) High employee turnover

C) Lack of innovation

D) Strong competition

Answer: A) Violation of industry regulations

Explanation: Compliance risk refers to the potential of violating industry regulations or legal requirements. This risk can lead to legal consequences, fines, and reputational damage.

Question 3: Why is data security a significant concern for Company G in its risk management efforts?

A) Data security is not relevant in risk management

B) Data security is a competitive advantage

C) Data breaches can lead to financial losses and reputation damage

D) Data security only affects employees, not customers

Answer: C) Data breaches can lead to financial losses and reputation damage

Explanation: Data breaches can result in significant financial losses due to legal liabilities, regulatory fines, and reputation damage. Protecting sensitive data is crucial in risk management.

Question 4: What is the purpose of conducting a risk assessment in risk management?

A) To ignore potential risks

B) To transfer all risks to insurance providers

C) To prioritize risks based on their potential impact and likelihood

D) To eliminate all risks completely

Answer: C) To prioritize risks based on their potential impact and likelihood

Explanation: Risk assessment involves identifying, evaluating, and prioritizing risks based on their potential impact and likelihood. This helps allocate resources effectively to manage the most significant risks.

Question 5: What is a risk mitigation strategy that Company G can implement to address compliance risks?

A) Ignoring compliance regulations

B) Increasing employee turnover

C) Conducting regular compliance training and audits

D) Decreasing competition

Answer: C) Conducting regular compliance training and audits

Explanation: Conducting regular compliance training and audits helps ensure that employees understand and adhere to regulations, reducing the likelihood of compliance violations and associated risks.

Acing the Case Study Interview Questions

Case study interviews are a common component of the hiring process for business analysts. They aim to assess a candidate’s analytical thinking, problem-solving abilities, and decision-making skills in a real-world context. Here is a breakdown of how candidates can approach and excel in case study-based interviews:

-Define the Scope: Clearly define the scope of the problem. What are the key variables, stakeholders, and constraints involved? This step helps you narrow down the problem and focus your analysis.

-Gather Information: Gather relevant information from the case study materials provided. This might include financial data, market trends, customer feedback, etc. Take notes to keep track of important details.

-Analyse the Data: Apply your analytical skills to dissect the information you’ve gathered. Use frameworks or models relevant to the problem, such as SWOT analysis, Porter’s Five Forces, or a decision tree.

-Generate Hypotheses: Develop hypotheses about the potential causes of the problem. Consider multiple perspectives and explore various scenarios.

-Prioritize Solutions: Propose a range of solutions based on your analysis. Prioritize these solutions by weighing their pros and cons. Consider short-term vs. long-term impacts and the feasibility of implementation.

-Communication Skills: Effective communication is crucial. Present your findings and recommendations in a clear, structured manner. Use visual aids like charts or graphs to convey complex information.

-Justify Recommendations: Back up your recommendations with logical reasoning and evidence from the case study data. Explain why you believe your proposed solutions are the best course of action.

In conclusion, case study interviews serve as a pivotal component in evaluating the readiness and aptitude of business analysts for the dynamic challenges they will encounter in their roles. These interviews offer candidates the opportunity to showcase their problem-solving prowess, analytical thinking, domain expertise, and effective communication skills. By immersing candidates in realistic scenarios that mirror the complexities of real-world business challenges, case study interviews provide insights into how well candidates can navigate ambiguity, prioritize solutions, and make informed decisions. Ultimately, case study interviews play a crucial role in identifying candidates who possess the acumen and adaptability required to excel as business analysts, contributing to the success and growth of organizations across various industries.

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How to Write a Business Case as an Analyst

Business analysis for dummies.

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As part of a business analysis, a business case outlines an opportunity and a recommendation to invest resources to take advantage of it. Think of the business case as your marketing or sales brochure for your idea. It may be your one shot to get approval for a project that may have a significant strategic, structural, or political corporate impact.

A compelling case requires enough facts about the recommendation to make it credible and the correct positioning for the audience or reader to buy into it.

The benefits of writing a business case as an analyst

The primary purpose of a business case is to sell a viable solution for a clearly defined business problem or new product to the company that’s hired you. Not all companies require you to develop a business case, although most organizations do if you request funding above a certain amount. Even if a business case isn’t mandatory, you may still find value in writing one for these reasons:

To provide insight into the viability of your solution or idea: At minimum, writing the executive summary and mission statement can give you incredible insight into the viability of a solution you’re considering. It also helps you organize and collect your thoughts and validate what may just be a gut feeling that this solution is correct. The writing process also provides a foundation for further analysis and solution development.

To support a feasibility study: A feasibility study is an analysis effort to determine whether the opportunity can be reasonably achieved. Presenting a strong business case can garner you support for conducting this study.

To prioritize projects: Sometimes you need to conduct one or more projects to achieve the final solution, and the business case helps you prioritize them. For these types of projects, the business case can explain for project team members the overriding strategic goal and mission of the project so that the subprojects have a context.

Even if a business case is approved, it may be cancelled or changed after further analysis is conducted, so you may need to develop a follow-up business case.

How to design your business case for your audience

The audience for the case drives all aspects of it, whether that audience is one, some, or all of your stakeholders. Here are the primary considerations you should keep in mind about audience members when writing a business case:

Knowledge level about the opportunity: If members are familiar with the issue and context, you don’t have to go into great detail in your case. If they have no education, background, or framework for the subject, though, you need to provide significantly more details in the business case.

Say you’re trying to make a case to a company regarding launching a new accounting software program for individuals. If the audience doesn’t know anything about launching programs on the individual level, you can compare this process to something members already know, such as when they went from only developing programs for large companies to developing them for small companies as well.

Reminding them that they’ve changed markets before in a similar way can help them be open to learning about the new market.

Decision-making authority: Know whether the first reader is the final decision-maker or whether the case needs multiple levels of approval or a committee’s approval. Your understanding of all the stakeholders participating in the approval process is critical in making it relevant for each of them.

If you’re making one presentation to individuals with different information needs, you should focus on meeting the needs of the ultimate decision-maker. If your case will go through multiple reviews and approvals, tailor the case’s executive summary for each individual.

Passion for the product or problem: Knowing your audience’s level of passion for the case is critical. If you know audience members are passionate about the contents of the case, don’t spend much time trying to get them excited; they’re already there.

If the audience perceives your case as just one more project to review and sign off on, then you’ve got an uphill battle. Add information to your case that gets audience members excited. Find something to relate the project to that they have passion about.

Desire for details: Some people are i- dotters and t- crossers; they closely read everything they’re given. Others prefer to skim through written messages or skip everything but the pictures. Knowing which category your audience members fall into is vital so that you can provide the right level of detail for your audience.

If you haven’t worked with your audience before, ask around. You can most likely find other people in the organization who’ve presented to your audience. Find those people and get guidance on how to proceed.

You must write your business case while keeping all audiences in mind by including points that address all audience members’ needs. Achieving this goal may mean you have to have two different summaries, depending on the audience reading the business case.

Basic business case structure

Regardless of audience, most business cases include the following three categories of information:

Defining and presenting the opportunity: Here’s where you clearly make your case with a persuasive outline of the recommendation, a statement of key points, and the bottom line conclusion.

Justifying the recommendation: Provide the top-level evidence that assures the audience that your recommendation is the right course of action. Give an overview of your evaluation criteria and the results that support your conclusion. Most notably, compare and contrast the options considered and clearly position the recommendation as the winner.

Supporting the documentation: The supporting documentation allows your detail-appreciating audience members to see the evidence with their own eyes and confirm the validity of your analysis, assumptions, and conclusions.

Each category features sections that provide increasing levels of supporting details.

About This Article

This article is from the book:.

• Business Analysis For Dummies ,

About the book authors:

Paul Mulvey, CBAP , Director, Client Solutions, B2T Training, has been involved in business analysis since 1995. Kate McGoey, Director, Client Solutions, B2T Training, has more than 20 years' experience in application development and life cycle processes business. Kupe Kupersmith, CBAP, President of B2T Training, possesses more than 14 years of experience in software systems development. He serves as a mentor for business analysis professionals.

https://www.b2ttraining.com/about-us

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How to Write a Business Case (Template Included)

Table of Contents

What is a business case, how to write a business case, business case template, watch our business case training video, key elements of a business case, how projectmanager helps with your business case.

A business case is a project management document that explains how the benefits of a project overweigh its costs and why it should be executed. Business cases are prepared during the project initiation phase and their purpose is to include all the project’s objectives, costs and benefits to convince stakeholders of its value.

A business case is an important project document to prove to your client, customer or stakeholder that the project proposal you’re pitching is a sound investment. Below, we illustrate the steps to writing one that will sway them.

The need for a business case is that it collects the financial appraisal, proposal, strategy and marketing plan in one document and offers a full look at how the project will benefit the organization. Once your business case is approved by the project stakeholders, you can begin the project planning phase.

Projects fail without having a solid business case to rest on, as this project document is the base for the project charter and project plan. But if a project business case is not anchored to reality, and doesn’t address a need that aligns with the larger business objectives of the organization, then it is irrelevant.

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Use this free Business Case Template for Word to manage your projects better.

The research you’ll need to create a strong business case is the why, what, how and who of your project. This must be clearly communicated. The elements of your business case will address the why but in greater detail. Think of the business case as a document that is created during the project initiation phase but will be used as a reference throughout the project life cycle.

Whether you’re starting a new project or mid-way through one, take time to write up a business case to justify the project expenditure by identifying the business benefits your project will deliver and that your stakeholders are most interested in reaping from the work. The following four steps will show you how to write a business case.

Step 1: Identify the Business Problem

Projects aren’t created for projects’ sake. They should always be aligned with business goals . Usually, they’re initiated to solve a specific business problem or create a business opportunity.

You should “Lead with the need.” Your first job is to figure out what that problem or opportunity is, describe it, find out where it comes from and then address the time frame needed to deal with it.

This can be a simple statement but is best articulated with some research into the economic climate and the competitive landscape to justify the timing of the project.

Step 2: Identify the Alternative Solutions

How do you know whether the project you’re undertaking is the best possible solution to the problem defined above? Naturally, prioritizing projects is hard, and the path to success is not paved with unfounded assumptions.

One way to narrow down the focus to make the right solution clear is to follow these six steps (after the relevant research, of course):

• Note the alternative solutions.
• For each solution, quantify its benefits.
• Also, forecast the costs involved in each solution.
• Then figure out its feasibility .
• Discern the risks and issues associated with each solution.
• Finally, document all this in your business case.

Step 3: Recommend a Preferred Solution

You’ll next need to rank the solutions, but before doing that it’s best to set up criteria, maybe have a scoring mechanism such as a decision matrix to help you prioritize the solutions to best choose the right one.

Some methodologies you can apply include:

• Depending on the solution’s cost and benefit , give it a score of 1-10.
• Base your score on what’s important to you.
• Add more complexity to your ranking to cover all bases.

Regardless of your approach, once you’ve added up your numbers, the best solution to your problem will become evident. Again, you’ll want to have this process also documented in your business case.

Step 4: Describe the Implementation Approach

So, you’ve identified your business problem or opportunity and how to reach it, now you have to convince your stakeholders that you’re right and have the best way to implement a process to achieve your goals. That’s why documentation is so important; it offers a practical path to solve the core problem you identified.

Now, it’s not just an exercise to appease senior leadership. Who knows what you might uncover in the research you put into exploring the underlying problem and determining alternative solutions? You might save the organization millions with an alternate solution than the one initially proposed. When you put in the work on a strong business case, you’re able to get your sponsors or organizational leadership on board with you and have a clear vision as to how to ensure the delivery of the business benefits they expect.

Our business case template for Word is the perfect tool to start writing a business case. It has 9 key business case areas you can customize as needed. Download the template for free and follow the steps below to create a great business case for all your projects.

One of the key steps to starting a business case is to have a business case checklist. The following is a detailed outline to follow when developing your business case. You can choose which of these elements are the most relevant to your project stakeholders and add them to our business case template. Then once your business case is approved, start managing your projects with a robust project management software such as ProjectManager.

1. Executive Summary

The executive summary is a short version of each section of your business case. It’s used to give stakeholders a quick overview of your project.

2. Project Definition

This section is meant to provide general information about your projects, such as the business objectives that will be achieved and the project plan outline.

3. Vision, Goals and Objectives

First, you have to figure out what you’re trying to do and what is the problem you want to solve. You’ll need to define your project vision, goals and objectives. This will help you shape your project scope and identify project deliverables.

4. Project Scope

The project scope determines all the tasks and deliverables that will be executed in your project to reach your business objectives.

5. Background Information

Here you can provide a context for your project, explaining the problem that it’s meant to solve, and how it aligns with your organization’s vision and strategic plan.

6. Success Criteria and Stakeholder Requirements

Depending on what kind of project you’re working on, the quality requirements will differ, but they are critical to the project’s success. Collect all of them, figure out what determines if you’ve successfully met them and report on the results .

7. Project Plan

It’s time to create the project plan. Figure out the tasks you’ll have to take to get the project done. You can use a work breakdown structure template  to make sure you are through. Once you have all the tasks collected, estimate how long it will take to complete each one.

Project management software makes creating a project plan significantly easier. ProjectManager can upload your work breakdown structure template and all your tasks are populated in our tool. You can organize them according to your production cycle with our kanban board view, or use our Gantt chart view to create a project schedule.

8. Project Budget

Your budget is an estimate of everything in your project plan and what it will cost to complete the project over the scheduled time allotted.

9. Project Schedule

Make a timeline for the project by estimating how long it will take to get each task completed. For a more impactful project schedule , use a tool to make a Gantt chart, and print it out. This will provide that extra flourish of data visualization and skill that Excel sheets lack.

10. Project Governance

Project governance refers to all the project management rules and procedures that apply to your project. For example, it defines the roles and responsibilities of the project team members and the framework for decision-making.

11. Communication Plan

Have milestones for check-ins and status updates, as well as determine how stakeholders will stay aware of the progress over the project life cycle.

12. Progress Reports

Have a plan in place to monitor and track your progress during the project to compare planned to actual progress. There are project tracking tools that can help you monitor progress and performance.

Again, using a project management tool improves your ability to see what’s happening in your project. ProjectManager has tracking tools like dashboards and status reports that give you a high-level view and more detail, respectively. Unlike light-weight apps that make you set up a dashboard, ours is embedded in the tool. Better still, our cloud-based software gives you real-time data for more insightful decision-making. Also, get reports on more than just status updates, but timesheets, workload, portfolio status and much more, all with just one click. Then filter the reports and share them with stakeholders to keep them updated.

13. Financial Appraisal

This is a very important section of your business case because this is where you explain how the financial benefits outweigh the project costs . Compare the financial costs and benefits of your project. You can do this by doing a sensitivity analysis and a cost-benefit analysis.

14. Market Assessment

Research your market, competitors and industry, to find opportunities and threats

15. Competitor Analysis

Identify direct and indirect competitors and do an assessment of their products, strengths, competitive advantages and their business strategy.

16. SWOT Analysis

A SWOT analysis helps you identify your organization’s strengths, weaknesses, opportunities and threats. The strengths and weaknesses are internal, while the opportunities and threats are external.

17. Marketing Strategy

Describe your product, distribution channels, pricing, target customers among other aspects of your marketing plan or strategy.

18. Risk Assessment

There are many risk categories that can impact your project. The first step to mitigating them is to identify and analyze the risks associated with your project activities.

ProjectManager , an award-winning project management software, can collect and assemble all the various data you’ll be collecting, and then easily share it both with your team and project sponsors.

Once you have a spreadsheet with all your tasks listed, you can import it into our software. Then it’s instantly populated into a Gantt chart . Simply set the duration for each of the tasks, add any dependencies, and your project is now spread across a timeline. You can set milestones, but there is so much more you can do.

You have a project plan now, and from the online Gantt chart, you can assign team members to tasks. Then they can comment directly on the tasks they’re working on, adding as many documents and images as needed, fostering a collaborative environment. You can track their progress and change task durations as needed by dragging and dropping the start and end dates.

But that’s only a taste of what ProjectManager offers. We have kanban boards that visualize your workflow and a real-time dashboard that tracks six project metrics for the most accurate view of your project possible.

Try ProjectManager and see for yourself with this 30-day free trial .

If you want more business case advice, take a moment to watch Jennifer Bridges, PMP, in this short training video. She explains the steps you have to take in order to write a good business case.

Here’s a screenshot for your reference.

Transcription:

Today we’re talking about how to write a business case. Well, over the past few years, we’ve seen the market, or maybe organizations, companies or even projects, move away from doing business cases. But, these days, companies, organizations, and those same projects are scrutinizing the investments and they’re really seeking a rate of return.

So now, think of the business case as your opportunity to package your project, your idea, your opportunity, and show what it means and what the benefits are and how other people can benefit.

We want to take a look today to see what’s in the business case and how to write one. I want to be clear that when you look for information on a business case, it’s not a briefcase.

Someone called the other day and they were confused because they were looking for something, and they kept pulling up briefcases. That’s not what we’re talking about today. What we’re talking about are business cases, and they include information about your strategies, about your goals. It is your business proposal. It has your business outline, your business strategy, and even your marketing plan.

Why Do You Need a Business Case?

And so, why is that so important today? Again, companies are seeking not only their project managers but their team members to have a better understanding of business and more of an idea business acumen. So this business case provides the justification for the proposed business change or plan. It outlines the allocation of capital that you may be seeking and the resources required to implement it. Then, it can be an action plan . It may just serve as a unified vision. And then it also provides the decision-makers with different options.

So let’s look more at the steps required to put these business cases together. There are four main steps. One, you want to research your market. Really look at what’s out there, where are the needs, where are the gaps that you can serve? Look at your competition. How are they approaching this, and how can you maybe provide some other alternatives?

You want to compare and finalize different approaches that you can use to go to market. Then you compile that data and you present strategies, your goals and other options to be considered.

And then you literally document it.

So what does the document look like? Well, there are templates out there today. The components vary, but these are the common ones. And then these are what I consider essential. So there’s the executive summary. This is just a summary of your company, what your management team may look like, a summary of your product and service and your market.

The business description gives a little bit more history about your company and the mission statement and really what your company is about and how this product or service fits in.

Then, you outline the details of the product or service that you’re looking to either expand or roll out or implement. You may even include in their patents may be that you have pending or other trademarks.

Then, you want to identify and lay out your marketing strategy. Like, how are you gonna take this to your customers? Are you going to have a brick-and-mortar store? Are you gonna do this online? And, what are your plans to take it to market?

You also want to include detailed information about your competitor analysis. How are they doing things? And, how are you planning on, I guess, beating your competition?

You also want to look at and identify your SWOT. And the SWOT is your strength. What are the strengths that you have in going to market? And where are the weaknesses? Maybe some of your gaps. And further, where are your opportunities and maybe threats that you need to plan for? Then the overview of the operation includes operational information like your production, even human resources, information about the day-to-day operations of your company.

And then, your financial plan includes your profit statement, your profit and loss, any of your financials, any collateral that you may have, and any kind of investments that you may be seeking.

So these are the components of your business case. This is why it’s so important. And if you need a tool that can help you manage and track this process, then sign up for our software now at ProjectManager .

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Crafting Compelling Narratives: How to Write a Business Case Study

June 13th, 2024 by JWU

Working in the business world, there is a lot that you need to know. It is not just about the technical aspects of running a business and handling finances, but marketing and beyond. One of the most versatile and useful skills you can develop as a business professional is that of being able to write a simple business case study. These can be powerful marketing tools that can help you build your brand’s reputation, increase customer loyalty, and demonstrate your brand’s unique value proposition.

So, what is a case study in business and why does it matter? We are covering all of this, as well as tips on how to write a business case study, below.

What Is a Business Case Study?

Specifically, a  business case study  refers to a publication that covers how a company or brand responded to a specific problem or situation in a successful way. For example, a case study might explain how a company’s services helped a client solve a problem or achieve a desired outcome. These case studies can then be published on business websites, blogs, and even shared on social media as a form of effective marketing.

In many ways, a business case study is a cohesive combination of brand information and customer testimonials that can help promote a company’s products/services in a positive light.

Why Are Business Case Studies Important?

Business case studies are important for businesses of all sizes. When they are well written, these publications can help showcase a brand’s unique expertise while building trust with clients. Likewise, these case studies can demonstrate the potential real-world results that clients can expect when they work with your business. This is often more persuasive than making simple claims alone.

Common Elements:

The exact elements of a business case study can vary based on the exact scenario and products/services being covered. However, most successful business case studies will include most or all these components:

• A compelling storyline
• Client testimonials or interviews
• A clear call to action
• Visuals or other presentations of data

Why Writing Business Case Studies Is Important for Your Organization

There are several reasons as to why business professionals should be able to write compelling case studies as part of their everyday jobs. Let’s dive into why writing is so crucial here:

Showcase Your Value Proposition

First, business case studies can be extremely effective when it comes to showcasing your brand’s unique value proposition. Case studies can help demonstrate how your brand has successfully addressed specific pain points with examples and tangible results.

Build Credibility

Meanwhile, business case studies can also be an excellent way to build credibility for your brand in a way that is more compelling and persuasive than more “traditional” marketing strategies. This is because with a business case study, you can use real-world examples to show potential clients first-hand what your company’s products/services can do for them.

Differentiate Yourself

Writing and publishing business case studies can also help your company set itself apart from its competitors in any space. This is because a professionally written business case study will showcase the real value of your brand, proving that you are not just another company making promises. Instead, a case study provides real-world examples and applications that demonstrate your brand’s history of success.

Multiple Use Cases

When it comes to marketing tools, a business case study is also one of the most versatile options out there. Even once a business case study is written and published, it can be repurposed for any number of applications and content types. From a single case study, for example, you might be able to reuse the content for your company’s website, social media page, sales presentations, and much more.

Steps for Writing an Effective Business Case Study

Now that you have a better understanding of what a business case study entails and why these are such crucial tools for your business, you may be wondering where to start when it comes to writing one. Writing effective business case studies is something that will take some time and practice on your part. Still, there are some tips and best practices you can follow to write better case studies today.

Client Selection

First, understand the importance of selecting the right client to highlight for your case study. You will want to make sure that you choose a case with a clear problem, a compelling solution you offered, and quantifiable results. From there, you will need to reach out to the client personally and make sure they are willing to participate in any interviews or write a testimonial as needed.

Get Client Buy-In

Of course, it is not enough to get a client to agree to participate. Ideally, you will want a client enthusiastic about being part of the case study. This will ensure that you get the best content possible when it comes to quotes, data approval, and the like. Not sure where to begin with client buy-in? Refer to some of your happiest clients, including those who have left your company positive reviews online, and go from there.

The Storytelling Approach

Another critical component of an effective business study is storytelling. With great storytelling, your finished case study will be more of a narrative and not just a list of facts. As you craft the storyline for your narrative, try to include the following components:

• The Challenge – What pain point did the client face?
• The Solution – How did your company’s product or service address it? This section should be as specific and in-depth as possible.
• The Results – What was the outcome of your company working with the client? This section should contain quantifiable metrics and the impact your involvement had on the client’s business.
• Testimonials – Being able to incorporate direct client quotes can add a lot of authenticity to your case study.

Keep It Focused

When writing a business case study, it is also essential to keep your document as focused as possible. At the same time, be careful not to overpromise or include absolutes that could mislead potential clients.

Visual Appeal

A business case study is not compelling if nobody is reading it. This is why it is key to break up larger blocks of text with plenty of eye-catching visuals. This adds visual interest and is more likely to keep readers engaged. Whenever possible, be sure to incorporate relevant images, infographics, and other visuals to break up chunks of text.

Have a Strong Call to Action

Finally, do not forget the clear call to action. Do not assume that readers will be able to read your mind and take the next step on their own. Instead, clearly guide readers on what you want them to do after reading your case study, whether it is reaching out to you, requesting a quote, or signing up for an email list.

Beyond the Basics: Tips for Excellence

In addition to the above best practices for crafting a compelling business case study, there are a few additional tips you can follow to take your writing to the next level.

Tailor to Your Target Audience

Whenever possible, try to write in a way that targets the most specific audience in your case study. Of course, this requires you to have a solid understanding of who your target audience is and what their specific pain points are. From there, you can speak their language and address their most pressing concerns to yield results.

Search Engine Optimization (SEO)

Business case studies can also be an excellent opportunity to improve your company’s  SEO . As you write your case study, try to naturally incorporate target keywords as much as possible. This way, when it comes time to publish your case study on your website or blog, you will also have the potential to improve your search engine rankings and drive more organic traffic to your site.

Promote Your Case Studies

Finally, understand that even once your case study is published, your work is not done. Take time to promote and share your case studies as much as possible, even going as far as to repurpose them into different content mediums from time to time. By including business case studies in your toolkit and sharing them actively, you can get as much mileage as possible out of them.

Sharpen Your Business Acumen at JWU

Now you know what is a case study in business. So, when carefully crafted and thoughtfully executed, a business case study can work wonders when it comes to increasing customer loyalty and building a positive reputation for your brand among stakeholders and potential clients. Of course, writing a business case study can be easier said than done. This is why it is so important to gain practice in business writing.

A formal education in business can help you gain the practical skills you need to write compelling cast studies and take your career to the next level. At Johnson & Wales University, we’re proud to offer both an  online bachelor’s in Business Administration  and an  online MBA program  to help you take your education in the right direction. For more information about completing your degree online, complete the  Request Info form , call 855-JWU-1881 , or email  [email protected] .

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Why Data Driven Decision Making is Your Path To Business Success

What Is Data Driven Decision Making?

Why data driven decision making is important, 6 successful data driven decision making examples, 15 tips for an enhanced data driven decision making strategy, data driven decision making mistakes you should avoid at all costs, the role of dashboards for data driven decisions, current trends influencing data driven decision making for businesses, key takeaways for efficient data based decisions.

We read about it everywhere. The term ‘big data’ alone has become something of a buzzword in recent times, and for good reason.

By leveraging the wealth of digital insights available at your fingertips and embracing the power of business intelligence, you can make informed decisions with confidence – the kind that will lead to commercial growth, evolution, and a healthier bottom line.

By implementing the right reporting tools and understanding how to analyze and measure your data accurately, you will be able to make the kind of decisions that will drive your business forward. Of course, this sounds incredible in theory.

But in practice, even if you have access to the world’s greatest data, it’s possible to make decisions that disregard tangible insight and go with your gut instead. In most cases, this can prove detrimental to the business.

While sometimes it’s okay to follow your instincts, the vast majority of your business decisions should be backed by razor-sharp metrics, facts, figures, or insights related to your aims, goals, or initiatives that can ensure a stable backbone for your management reports and business operations. Data based decision making will propel your business to new heights while making it more adaptable to an ever-changing commercial landscape. It should be at the heart of all of your strategies, activities, and operations.

To help you on your quest towards analytical enlightenment, we’re going to explore data driven decision making, study its importance, consider the benefits of developing a data driven culture, and examine some real-world examples of turning insight into business-boosting action.

Data driven decision making (DDDM) is the process of using data to make informed and verified decisions to drive business growth. By using the right KPIs and tools, companies can overcome biases and make the best managerial rulings that are aligned with their strategies.

Fundamentally, using data for decision making means working towards key business goals by leveraging verified, analyzed information rather than merely shooting in the dark.

However, extracting genuine value from your information must be accurate and relevant to your aims. Collecting, extracting, formatting, and analyzing insights for an enhanced data driven decision making process was once an all-encompassing task, which naturally delayed the entire data decision making process.

However, today, the development and democratization of business intelligence software empowers users without deep-rooted technical expertise to analyze and extract useful conclusions from their information. As a direct result, less IT support is required to produce reports, trends, and visualizations that facilitate the data decision making process.

From these developments, data science was born (or at least, it evolved in a huge way) – a discipline where hacking skills and statistics meet niche expertise. This fairly new profession involves sifting large amounts of raw data to perform intelligent data driven business decisions.

The ‘gold’ that data scientists ‘mine’ comes in two distinctive types: qualitative and quantitative , and both are critical to making a data driven decision.

Qualitative analysis focuses on data not defined by numbers or metrics, such as interviews, videos, and anecdotes. It is based on observation rather than measurement. Here, it’s crucial to code the data to ensure that items are grouped methodically and intelligently.

Quantitative analysis focuses on numbers and statistics . The median, standard deviation, and other descriptive stats are pivotal here. This type of analysis is measured rather than observed. Both qualitative and quantitative data should be analyzed to achieve smarter business decisions.

Now that we’ve explored the meaning of decision making in business, it’s time to consider why DDDM is important.

Data based decision making gives businesses the capabilities to generate real-time insights and predictions to optimize their performance. This allows them to test the success of different strategies and make informed business decisions for sustainable growth.

There are many reasons why using data to make decisions is a pursuit every modern business should place at the heart of its culture—and we’ll explore the main points of importance below.

1. Continual organizational growth

The core importance of data in decisions lies in consistency and continual growth. Data-driven decision making empowers companies to hone in on key insights based on many functions, operations, and departmental activities.

One decision after another, actioned consistently, will empower you to set actionable benchmarks that result in continual progress and growth—the key ingredients to long-term success in today’s cutthroat digital age.

2. Knowledge & innovation

Data driven business decisions can determine the success of a company.

MIT Sloan School of Management professors Andrew McAfee and Erik Brynjolfsson once explained in a Wall Street Journal article that they performed a study in conjunction with the MIT Center for Digital Business. In this study, they discovered that among the companies surveyed, those primarily data driven benefited from 4% higher productivity and 6% higher profits.

Companies that approach decision making collaboratively tend to treat information as a real asset more than companies with other, more ambiguous approaches. Also, when you view digital insights as a genuine asset, you will foster a culture of data driven education – a commercial ecosystem where everyone leverages the power of information to learn more while working to the best of their abilities.

3. New business opportunities

Decision making based on data leads to the discovery of new and exciting business opportunities. Drilling down into accessible visual information will give you a panoramic view of your business’s core activities, which, in turn, will ensure you make a series of solid decisions that benefit the commercial evolution of your business.

Armed with deep-dive insights that will improve your judgment, you will uncover opportunities to expand your growth, create new professional connections, and develop innovations that will give you an all-important edge over the competition.

4. Better communication

Working with a data driven decision management mindset will make you a better leader, and that will ripple throughout the entire organization.

Whether you’re talking data driven finance, a data driven sales strategy, or any other kind of insight-driven initiative, working with powerful KPIs and visualizations will improve communication across the board.

Operating as one cohesive data driven unit, your departments will be able to share insights easily and collaborate on key strategies, ultimately turning you into a more intelligent and profitable business.

5. Less errors and less costs

Even in 2024, many organizations still rely on intuition to make critical strategic decisions. While intuition and experience are not to be disregarded, they are no longer enough to keep up in today’s competitive business environment. Making decisions based solely on intuition can lead to mistakes that cost the business a lot of money that could be invested elsewhere.

Integrating data into your organization eliminates these issues by offering a source of accurate information to inform strategies and decisions. This way, all your resources will be allocated where it makes sense, saving you time and money.

6. Unrivaled adaptability

Last but certainly not least, one of the prime benefits of data driven decision making is that it will make your business incredibly adaptable.

By embracing digital data, you stand to grow and evolve your empire over time, making your organization more adaptable as a result. The digital world is in a constant state of flux, and to move with the ever-changing landscape around you, you must leverage data to make more informed and powerful business decisions.

Data informed decision making tools will allow you to connect with emerging trends and patterns that concern your internal activities and the industry around you. If you can understand these trends or patterns on a deeper level, you can make informed decisions that will ensure you remain competitive, relevant, and profitable at all times.

Now that we’ve gained a clearer understanding of what it means to make a data driven decision as well their importance, we’re going to delve into 5 inspiring data driven decision making examples.

One of the most notable examples of data driven decision making comes from search colossus Google, according to an article written on smartdatacollective.com . Startups are famous for disbanding hierarchies, and Google was curious as to whether having managers actually mattered.

To answer the question, data scientists at Google looked at performance reviews and employee surveys from the managers’ subordinates (qualitative data). The analysts plotted the information on a graph and determined that managers were generally perceived as good. They went a step further and split the data into the top and bottom quartiles, then ran regressions. These tests showed large differences between the best and worst managers in terms of team productivity, employee happiness, and employee turnover. Good managers make Google more money and create happier employees, but what makes a good manager at Google?

Again, the analysts reviewed data from the “Great Manager Award” scores, in which employees could nominate managers who did an exceptional job. The employees had to provide examples explaining exactly what made the manager so great. Managers from the top and bottom quartiles were also interviewed to round out the data set. Google’s analysis found the top 8 behaviors that made a great manager at Google and the 3 that don’t. They revised their management training, incorporating the new findings, continuing the Great Manager Award, and implementing a twice-yearly feedback survey.

Walmart used a similar process when it came to emergency merchandise in preparation for Hurricane Frances in 2004. Executives wanted to know the types of merchandise they should stock before the storm. Their analysts mined records of past purchases from other Walmart stores under similar conditions, sorting a terabyte of customer history to decide which goods to send to Florida (quantitative data). It turns out that, in times of natural disasters, Americans turn to strawberry Pop-Tarts and beer. Linda M. Dillon, Walmart’s CIO at the time, explained:

“By predicting what’s going to happen, instead of waiting for it to happen… trucks filled with toaster pastries and six-packs were soon speeding down Interstate 95 toward Walmarts in the path of Frances.”

Walmart’s analysts not only kept Floridians pleasantly buzzed on beer and Pop-Tarts during the storm, but also created profits by anticipating demand since most of the products sold quickly.

3) Washirika 3 Oaks (W3O)

W3O is a leading construction company in South Africa that offers all-in-one solutions in the commercial construction sector. Even with its many years of industry experience, the company struggled due to a lack of real-time control over the project’s progress and finances. While it already worked with DDDM techniques, primarily historical data and outdated spreadsheets led to inaccurate cost management strategies.

To solve this problem, the company invested in construction cost management software to eliminate manual data collection through automation and gain access to real-time insights at all times. This helped increase W3O’s operational and financial efficiency by making accurate decisions. It also helped implement efficient construction cost control strategies, increasing the company’s turnover from R200 million to a projected R800 within a year.

This case study shows how specialized software can make a business’s analytical efforts more successful.

4) Southwest Airlines

A data driven decision holds an incredible level of value across all industries, but one sector widely known to benefit from such insights is the airline industry.

Southwest Airlines executives utilized targeted customer data to gain a deeper understanding of what new services would be most popular with customers as well as most profitable.

In doing so, the airline discovered that by observing and analyzing their consumers’ online behaviors and activities, it could provide different segments of customers the best rates for their needs in addition to an exemplary level of customer experience (CX).

As a direct result of this emphasis on data driven decisions, Southwest Airlines has seen its customer base, as well as its brand loyalty, grow steadily year after year.

Another data informed decision making case study that is wildly discussed in the industry is Amazon. The e-commerce giant uses data from customers’ past purchases paired with behavioral analytics techniques to generate accurate product recommendations for users.

These recommendations are implemented across different touch points in the shopping experience from product browsing to checkout, making the process way more personalized and efficient for the user. For example, if a customer bought a mobile phone, Amazon could recommend a phone case at checkout or via email a couple of days after the purchase was made.

By collecting individual data about their customers’ shopping preferences, Amazon is able to improve the shopping experience and boost sales and revenue in the process.

With more than 128 million active users, Netflix dominates the streaming service industry thanks to the use of data for customer retention. With the industry becoming more and more competitive by the day, the company needed to find a way to enhance its user experience and make its customers want to stay on the platform.

They did this by carefully studying different metrics related to customer behaviors and interactions such as watch time, date, location, types of shows or movies the user usually watches, as well as when a user pauses or resumes content, and much more. With this information in hand, they manage to generate an accurate recommendation algorithm to enhance the watching experience of the viewer.

After implementing the algorithm, the company analyzed the results and realized that almost 80% of users followed the recommendations. Making it a successful strategy to increase retention rates and stay competitive. An excellent example of successful data-driven decision making.

Now that you understand the importance of data-centric decision making, here are 15 practical tips and takeaways for better data based decision making in business. By the end, you’ll be 110% sold on the importance of making these kinds of decisions.

1) Guard against your biases

Much of the mental work we do is unconscious , which makes it difficult to verify the logic we use when we make a decision. We can even be guilty of seeing the data we wish was there instead of what’s really in front of us. This is one of the ways a good team can help. Running your decisions by a competent party who doesn’t share (or even know) your biases is an invaluable step.

Working with a team who knows the data you are working with opens the door to helpful and insightful feedback. Democratizing the analytics process empowers all people, regardless of their technical skills, to access it and carry out informed decisions. Often this is done through innovative dashboard software, visualizing once-complicated tables and graphs in such ways that more people can initiate good data driven business decisions.

With more people understanding the data at play, you’ll have an opportunity to receive more credible feedback. The proof is in the numbers. A 2010 McKinsey study (which is helpful to read even today) of more than 1,000 major business investments showed that when organizations worked at reducing the effect of bias in their decision making processes, they achieved returns up to 7% higher. When it comes to DDDM, reducing bias and letting numbers speak for themselves makes all the difference.

Tips for overcoming a biased behavior

• Simple Awareness – Everyone is biased, but being aware that bias exists can affect your decision making can help limit their impact.
• Collaboration – Your colleagues can help keep you in check since it is easier to see biases in others than in yourself. Bounce decisions off other people and be aware of biased behavior in the boardroom.
• Seeking out Conflicting Information – Ask the right questions to yourself and others to recognize your biases and remove them from your decision process.

By eliminating bias, you open yourself up to discovering more opportunities. Getting rid of preconceived notions and really studying the data can alert you to insights that can truly change your bottom line. Remember, business intelligence shouldn’t only be about avoiding losses, but winning gains.

2) Assess and ensure data literacy 

As an extension of the previous point, in order to eliminate all biases and make sure every relevant person can work with data to improve their decision making, it is critical to assess the level of literacy across your organization. While self-service analytics tools make the use of data more accessible and user-friendly, it is still not a given.

In fact, according to Qlik’s latest data literacy survey, only 11% of the surveyed employees are fully confident in their ability to work and communicate with data. This is contrasted with 85% of c-level executives who say data literacy will be “as vital in the future as using a computer is today”.

Taking all this into account, it is clear that the need for a thorough assessment of the levels of data literacy is key to ensuring a successful analytics culture across the organization. Good practice in this regard is to identify employees who are comfortable working with data as they will be able to motivate and help others to learn. Then, you can carry out a survey where you identify issues and knowledge gaps. For example, areas where communication fails due to a lack of analytics knowledge.

Once you know the existing skill gaps you can offer training instances to help employees feel comfortable integrating data into their daily operations. Making sure these changes are applied across all positions and departments will build a solid foundation for a data-driven organizational culture.

3) Define objectives collaboratively

To get the most out of your data teams, companies should define their objectives before beginning their analysis. When defining your objectives collaboration should not be ignored. Involving all departments in the planning stage can help build more accurate and attainable objectives that align with general company goals. Additionally, involving every relevant stakeholder in the process can also help define roles and responsibilities to build a solid data management foundation.

Set a strategy to avoid following the hype instead of the needs of your business and define clear Key Performance Indicators (KPIs). Although there are various KPI examples you could choose from, don’t overdo it, and concentrate on the most important ones within your industry. More on this later.

4) Gather data now

Gathering the right information is as crucial as asking the right questions. For smaller businesses or start-ups, data collection should begin on day one. Jack Dorsey, co-creator and founder of Twitter, shared this learning with Stanford. “For the first two years of Twitter’s life, we were flying blind… we’re basing everything on intuition instead of having a good balance between intuition and data… so the first thing I wrote for Square is an admin dashboard. We have a very strong discipline to log everything and measure everything.”

That being said, collecting all the data available to you is not the smartest way to go. Studies suggest that, on average, businesses gather information from a shocking 400 sources . However, just because the data is available to you, it does not mean you have to use it. Using too many sources can make the analysis process confusing and overwhelming. For this reason, defining clear goals and objectives can serve as a perfect guide to choosing only the sources that will inform your strategic plans. In that regard, implementing a dashboard culture in your company is a key component to properly manage the tidal waves of data you will collect.

5) Clean and organize your data effectively

When it comes to analytics, a fair share of an analyst’s time is dedicated to cleaning and organizing the information to make sure that any wrongly formatted data is out before the analysis begins. This is a critical process to perform as the results of your analysis are the basis for a successful data driven strategy and your data needs to be a hundred percent accurate.

With seemingly infinite strings or sets of data to work with, drilling down into the most relevant, valuable insights is the only way to gain clarity and make better decisions. That said, once you’ve gathered your data from your most relevant sources, taking the time to mine for the most business-boosting insights will ensure you can squeeze every last drop of value from your analytical efforts.

When you’re cleaning and organizing your data, you should focus on insights that are:

• Outdated or irrelevant to your specific goals & outcomes (erase)
• Need to be formatted and categorized (arrange)
• Duplicated & creating confusion (erase & arrange)

Streamline the data you’ve gathered, note your most valuable sources, and categorize your cleaned data logically – and you will be on the right path to data-driven success.

6) Find the unresolved questions

Once your strategy and goals are set, you will then have to find the questions in need of an answer, so that you reach these goals. Asking the right data analysis questions helps teams focus on the right data, saving time and money. In the examples earlier in this article, both Walmart and Google had very specific questions, which greatly improved the results. That way, you can focus on the data you really need, and from bluntly collecting everything “just in case” you can move to “collecting this to answer that.”

7) Find the right KPIs to answer those questions

Among the data you have gathered, try to focus on your ideal data, which will help you answer the unresolved questions defined in the previous stage. This information will be later turned into professional key performance indicators. KPIs are invaluable analytical tools used by businesses to answer critical questions and measure the success of their strategic efforts.

There are hundreds of KPIs you can use depending on the aim of your analysis. However, as we mentioned previously in the post, just because something can be measured, it doesn’t mean it should be. Many companies make the mistake of using too many KPIs which ends up crowding their dashboards and reports and making their analysis way less productive. To avoid this happening, make sure you select around 5-8 KPIs that will help you build your data story and make efficient decisions.

8) Analyze and understand

That may seem obvious, but we have to mention it: after setting the frame of all the questions to answer and the data collection, you then need to read through it to extract meaningful insights and analytical reports that will lead you to make data driven business decisions. In fact, user feedback is a useful tool for carrying out more in-depth analyses of the customer experience and extracting actionable insights . To do this successfully, it’s important to have context. For example, if you want to improve conversions in the purchasing funnel, understanding why visitors are dropping off is going to be critical insight. By analyzing the responses in the open comments of your feedback form (within this funnel), you will be able to see why they’re not successful in the checkout and optimize your website accordingly.

9) Find trends and patterns

One of the most integral parts of any effective data baked decision making process is discovering key trends and patterns. After you’ve set actionable goals and conducted some targeted testing in relevant areas of the business, you can drill down further into your newly contextualized data insights and set visual KPIs to uncover any emerging correlations, informational trends, or any patterns that may prove valuable.

For instance, if you’ve set a KPI for visualizing your customer service call resolution rates over a period of a month, and you notice a pattern of resolution rates dwindling (falling below your set target rate) towards the weekend, you will be able to examine the reasons. You might find that staff motivation rates are dropping later in the week – and roll out strategies to boost engagement or inspire motivation based on that discovery.

10) Present the data in a meaningful way

Digging and gleaning insights is nice, but managing to tell your discoveries and convey your message is better. You have to ensure that your acumen doesn’t remain untapped and dusty and that it will be used for future decision making. With the help of professional data visualization software, you don’t need to be an IT crack to build and customize a powerful dashboard that will tell your data story and assist you, your team, and your management to make the right data driven business decisions. For example, imagine you are in the middle of a complex construction project and need to ensure you keep track of the project’s cash flow.

A dashboard like the one above provides all the necessary information to keep track of the money entering and leaving the project. Analyzing the cash flow carefully is important as it tells you if the project has enough cash to meet financial obligations, manage risks, and stay on schedule. The visual nature of this dashboard enables you to do just that by differentiating cash in from cash out using the colors green and red, making it easier to understand what is happening at a glance.

11) Use AI technologies

71% of key decision makers state that AI technologies have changed their business for the better. By working with platforms driven by artificial intelligence, you will not only boost productivity by eliminating laborious manual analytical tasks but also connect with smarter, more informed decisions faster.

AI data technologies will empower you to gather, collect, organize, present, and engage with your data with maximum efficiency, which, in turn, will accelerate your commercial growth significantly. AI-driven innovations will offer a consistently healthy return on investment (ROI) – which is priceless in the digital age.

Another productivity and ROI-boosting benefit of AI technology, when applied to data, is its ability to automate essential analytic tasks and processes to cut down on manual work and empower users to focus on using their insights to develop innovative strategies that benefit the business. Armed with AI technology, you can also set up intelligent alerts to inform you when you’ve reached a goal, when an event occurs, or when an irregularity arises. This raft of benefits will make your business smarter, swifter, and more responsive to change.

12) Set measurable goals

After you have your question, your data, your insights, then comes the hard part: decision making. You need to apply the findings you got to the business decisions, but also ensure that your decisions are aligned with the company’s mission and vision, even if the data are contradictory. Set measurable goals to be sure that you are on the right track… and turn data into action!

13) Invest in the right data based decision making tools

When it comes to business analytics for data driven decisions, if you want to realize your goals and make consistently informed decisions, working with the right tools is essential.

We touched on the value of AI technologies – and expanding on that point (as well as the importance of setting measurable goals), working with the right tools will make data accessible to everyone. By gaining access to a centralized dashboard that offers a wealth of digestible data-driven insight, everyone in the business will thrive, resulting in consistent growth, innovation, and profitability. These self-service analytics tools will enable everyone within the business to work with data without prior technical skills – and when everyone can leverage data to their advantage, your business will thrive.

14) Don’t be afraid to revisit and reevaluate

Our brains leap to conclusions and are reluctant to consider alternatives; we are particularly bad at revisiting our first assessments. A friend who is a graphic designer once told me that he would often find himself stuck toward the end of a project. He was committed to the direction he had chosen and did not want to scrap it. He was invested, for the wrong reasons. Without fail, when this happened, he would have to start all over again to see the misstep that got him stuck. Invariably, the end product was light-years better reworked than if he had cobbled together a solution from the first draft.

Verifying data and ensuring you are tracking the right metrics can help you step out of your decision patterns. Relying on team members to have a perspective and to share it can help you see the biases. But do not be afraid to step back and to rethink your decisions. It might feel like a defeat for a moment, but to succeed, it’s a necessary step. Understanding where we might have gone wrong and addressing it right away will produce more positive results than if we are to wait and see what happens. The cost of waiting to see what happens is well documented…

15) Continue to evolve your data driven business decisions

This is often overlooked, but it’s incredibly important nonetheless: you should never stop examining, analyzing, and questioning your data driven decisions. In our hyper-connected digital age, we have more access to data than ever before. Make data driven education one of your organization’s key values and encourage a culture where everyone not only improves their own analytical skills but is accountable for testing, exploring, and adapting their business decisions according to the landscape around them.

To extract real value from this wealth of insights, it’s vital to continually refresh and evolve your business goals based on the ever-changing mindsets or preferences of your clients, partners, and consumers.

At this point, the importance of data in decision making is clear. However, while understanding the dynamics of data driven business decisions and exploring real-world examples will steer you in the right direction, understanding what to avoid will help you cement your success. How many times in your life have you prepared for a meeting, had the facts and figures ready to go, and in the end the decision goes the complete opposite direction?

It probably felt like the decision had been made before the meeting even began. If this sounds familiar, you are not alone. We aren’t just talking about a startup full of newbies who think going with their gut is more critical than KPIs; we are talking about huge companies. Rob Enderle, a former IBM employee and Research Fellow for Forrester, wrote a fabulous article that documents the shortcomings of executives at IBM and Microsoft.

While the article is full of examples, perhaps the most egregious is IBM’s partial sale of its ROLM division to Siemens. Enderle and the team produced an internal report that proved that selling to Siemens would be a catastrophic failure. It turned out that the decision had been made before the research came out. In fact, executives forgot the research had been commissioned at all. Their gut decision ended up costing the company over one billion dollars.

A publication from BI-Survey shows us that 58% of the companies surveyed said  they base at least half of their regular business decisions on gut feeling or experience, instead of being data and information-driven. On average, they realized that the companies would use only 50% of the information available regarding decision-making.

Now that we’ve outlined the foundations of getting your data driven efforts right, we will look into the common problems or challenges that data analysts and businesses might face. By observing and absorbing these key points, you’ll be able to ensure that your process is consistent, results-driven, and centered on your goals at all times.

1) Quality of the data

First and foremost, the main reason usually invoked is data quality. Data quality is the condition of a set of qualitative or quantitative variables, which should be “fit for [its] intended uses in operations, decision making and planning,” according to an article written by author Thomas C. Redmann. A good data quality management (from the acquisition to the maintenance, from the disposition to the distribution processes in place within an organization) is also key in the future use of such data. Collecting and gathering are only good if well managed and exploited afterward, otherwise, the assets’ potential remains untouched and useless.

2) Over-Reliance on past experience

Over-reliance on past experience can kill any business. If you are always looking behind you, there is a real chance of missing what is in front. So often, business leaders are hired because of their previous experiences, but environments and markets change and the same tricks may not work next time. One of the most cited examples of this is Dick Fuld, who saved Lehman after the LTCM crisis. Ten years later, he pulled out the same bag of tricks and, as the Wall Street Journal Reports, “the experience he was relying on was not the same as this massive housing-driven collapse.” The recent crisis was much more complex. Environments and markets constantly change, and to be a successful manager, one must combine past experiences with current data.

3) Going with your gut and cooking the data

While some managers naturally follow their instincts, a significant portion first trust their gut and then persuade their researchers or an external consultancy to produce reports that confirm the decision they have already made. According to the Enderle article mentioned above, this was commonplace at Microsoft. Researchers were tasked with providing reports that lent credibility to the executives’ decisions. This should be avoided at all costs by integrating factual information into any important change or decision.

4) Cognitive biases

Cognitive biases are tendencies to make decisions based on limited information or lessons from past experiences that may not be relevant to the current situation. Cognitive bias occurs every day, in some way, in every decision we make. These biases can influence business leaders to ignore solid data and go with their assumptions instead. Here are a few examples of cognitive biases commonly seen:

• Confirmation bias: Business leaders tend to favor information that confirms their existing beliefs, whether they are right or wrong.
• Cognitive inertia: The inability to adapt to new environmental conditions and stick to old beliefs despite data proving otherwise.
• Group Thinks: The desire to be part of the group by siding with the majority, regardless of evidence or motives to support.
• Optimism Bias: Making decisions based on the belief that the future will be much better than the past.

Managers need to recognize that we are biased in every situation. There is no such thing as objectivity. The good news is that there are ways to overcome biased behavior. As a result, these businesses identify business opportunities and predict future trends more accurately, generating more revenue and fostering greater growth through data driven decision making.

5) Failing to set clear goals and objectives

We don’t want to sound like a broken record here, but we can’t stress enough the importance of setting clear goals for efficient data driven decision making. Many businesses fail because they think just gathering the data is enough. However, while having the information available is a key part of the process, the organization must put it to good use. Considering the massive amounts of collected information, defining which data will work best to help achieve general company goals is the way to go. This practice saves invaluable time to make faster strategic moves and stay ahead of competitors.

6) Wrong communication

Failing to implement efficient data storytelling techniques during the decision making process is another common and very avoidable mistake. No matter how strong your analytical findings might be, if they don’t come across in the right way, they can be overlooked by high-level decision makers.

Keeping your audience engaged through interactive storytelling can lead to more productive discussions. To achieve this, use a good mix of visualizations and narrative structure when presenting your findings. Another good practice is considering the audience’s level of literacy. Making sure in advance that the language used in your storytelling is comprehensible and engaging is key to success.

7) Not learning from experience

In a perfect world, all your data driven business decisions will be successful. However, this is only sometimes the case, and ignoring bad results can significantly damage your process. To avoid this happening, make sure you implement a learning process for each of your strategic decisions, positive or negative ones. This will help you understand what could be improved and what needs to be replicated in the future.

The important thing to learn here is that while data analysis software has advanced a lot in the past decades, human intervention is still necessary to uncover its full potential. If we don’t learn from the information our own data is hiding, your entire analytics journey will likely be for nothing.

8) Neglecting privacy and security

Security and privacy should be at the forefront of your analytical strategies. Much of your data contains sensitive information about your business and your clients. This sensitive information is protected under strict regulations like the GDPR and the CCPA, which means a data breach could not only hurt your reputation and profitability but also put your company in a really difficult position with the authorities.

To prevent this from happening, you should invest in software that not only helps you manage your data but also keeps it secure with a range of functionalities like encryption or role management options. Additionally, you should implement a data governance plan to ensure transparency and accountability regarding access, manipulation, and data sharing. Implementing data ethics training for employees is also a good way of tackling this challenge.

When you have to make a data driven business decision, dashboards may play a crucial role. Having all the historical and current data on a single screen, with the possibility to interact and dig deep into single KPIs or generating an overview of a department or company, dashboards will enable a holistic outline of important information. To see this in practice, we will now take a look at some of the selected examples.

1) Data-driven decision making in project management

Construction projects are complex, with many moving parts that must be connected to ensure successful completion. In the past, decision-makers in the industry relied on their intuition and experience to carry out projects. This often led to issues as the different areas were disconnected. Today, with the rise in demand and competition, they can no longer afford to do that. With so many solutions and technologies out there, companies that don’t use them to their advantage will simply stay behind. Professional construction reporting tools assist by offering advanced analytical functionalities and 24/7 access to real-time data represented in interactive dashboards. Let’s explore our example below.

A highly visual and interactive dashboard like the one presented above offers the perfect overview to boost construction project management . The template starts by providing details about the project, such as the name, the client, the type, and the status. It continues with an overview of financial metrics to understand if everything is running as expected. The project and budget breakdown line chart below helps provide context to the financial metrics and extract deeper insights to improve them.

The progress section of the dashboard shows the CPI and SPI ratios compared to the project’s completion percentage. The CPI and SPI are fundamental performance indicators for the efficiency of construction projects. The goal should always be to keep them at a ratio of 1, which means the project is developing as expected in terms of budget and schedule. A ratio lower than 1 means something needs to be fixed.

2) Data driven decisions for construction enterprises

Our second example is a strategic dashboard for a construction enterprise that manages multiple projects. The template, generated with professional construction analytics software , is filtered to show only the projects with an initial start date of the last two years but could also be filtered to show all projects or just one for deeper analysis. Let’s explore it in more detail below!

Probably the most valuable part of this dashboard is the detailed overview of finished projects and projects in execution. High-level decision-makers might not have the time to go into each project to see if it is developing as expected. Therefore, having this overview can help them spot the projects that need more attention based on the colors of the CPI and SPI, which, as mentioned in the previous example, are two of the most important KPIs for project efficiency. Here, we can see that project “NYL4133U” is red in all three metrics, which means there are some serious issues going on that might require urgent attention. On the contrary, project “ROY8748A” has all three indicators in green, which means everything is running smoothly and as expected.

3) Data driven finance strategy

A visual financial report representing how data drives decision making in finances helps those responsible for the monetary health of an organization to assess and mitigate fluctuating trends and patterns.

With at-a-glance insights into vital fiscal aspects including working capital, cash conversion cycles, and vendor error rates, here, you can drill down into potential financial inefficiencies swiftly and tackle the issues head-on. Armed with comprehensive information based on your current assets and liabilities, it’s possible to make decisions that affect the fiscal fluency of your organization with pinpoint precision. Working with a financial dashboard of this kind, it’s also possible to manage your external partnerships, including vendors, and remedy any relationships that are draining your business’s efficiency or financial health.

4) Data driven sales strategy

Data driven decision making in business facilitates the development of innovative strategies within various departments – sales are no exception.

This sales dashboard is equipped with all of the data visualizations and KPIs required to optimize upselling or cross-selling initiatives, track incremental sales per channel, break down sales & marketing costs accurately, monitor revenue, and analyze your profits with ease.

Even during your busiest periods, this highly visual dashboard will empower you to make informed, value-driven decisions under pressure. Also, this melting pot of visual insight will allow you to uncover emerging patterns and adjust your sales strategies to engage a wider audience while enjoying a better ROI from all of your prospecting activities.

As you’ve learned throughout this post, DDDM is here to stay. Every day, more organizations realize the potential hiding behind their data and are willing to invest in the best software and technologies to use it to their advantage. Some of the trends that are ruling the market at the moment include artificial intelligence and the cloud. Let’s explore them below!

Hyper-personalization: The one-size-fits-all approach that has been widely used by organizations is being replaced by customization. Innovative companies are using data like browsing history and demographics to provide their customers with personalized offerings that enhance satisfaction and retention. This might sound like a big investment but it has already shown positive returns for many companies.

Transition to the cloud: On-premises solutions are being replaced by cloud-based software with enhanced data storage, scalability, flexibility, and cost-efficiency. Cloud-based solutions offer businesses real-time insights, enhanced collaboration, and accessibility that make analyzing data a much easier and more productive process.

Democratization of data: Departmental silos are eliminated thanks to enhanced data accessibility across the entire organization. Using self-service tools, all employees, regardless of their technical knowledge, can integrate data into their workflows, ensuring everyone in the company works from a single source of information. That being said, it is important to ensure some level of training is provided so a minimum literacy level is assured.

Explainable AI (XAI): Artificial intelligence is now widely used to make a business’s DDDM process more efficient and accurate. However, there are still a lot of concerns regarding the use of AI, and many organizations refrain from using it out of fear or lack of understanding. Explainable AI (XAI) is an emergent trend that was born out of the necessity to trust and understand AI algorithms. XAI is a set of processes and methods that allows users to understand and trust the input provided by an AI model by telling them how it came to that result. It explains the model’s accuracy, fairness, and transparency and helps validate AI-powered decision making.

We’ve explored several compelling examples of data driven decision making, and there’s no denying it – by harnessing data in the right way and measuring your success, you stand to propel your business to new and exciting heights.

Now that you have access to all of the key ingredients to make the best data decisions for your business, it’s time to put your plans into action. Remember – for maximum success, you must avoid taking the wrong approach to data driven business decisions at all costs. A failure to do so will lead to making choices with your gut, and biases, or fostering a poor data culture within your organization.

At RIB Software , we are committed to helping construction companies manage their projects with the right technologies, which includes data management. Our specialized construction analytics software, RIB BI+ offers centralized access to all project data with an intuitive interface that boosts efficiency and collaboration. If you are ready to integrate data into your workflows, book a demo today!

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Dantes Partners Case Study: an Analysis of Affordable Housing Development

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Supreme Court decision saves Trump-era tax change, dodges big loss in federal tax revenue

WASHINGTON − The Supreme Court on Thursday upheld a controversial Trump-era tax on foreign income , a win for the federal government, which had warned the failed challenge could have cost it hundreds of billions – and perhaps trillions – of dollars in tax revenue.

Although the case was viewed by some as a proxy debate for a wealth tax Democrats have floated for the ultra-rich, the Supreme Court emphasized that the decision does not address the questions that would raise.

"Those are potential issues for another day," Justice Brett Kavanaugh wrote for the majority.

Still, one group advocating for a wealth tax viewed the ruling as a victory.

“Today's Moore decision means the fight to tax wealth and rein in billionaire power is alive and well, and political leaders should make that a priority in the 2025 tax fight,” said Adam Green, co-founder of the Progressive Change Campaign Committee.

Thomas Berry, a scholar at the conservative Cato Institute, called it unfortunate that the court didn’t firmly close the door on a wealth tax.

“But it is important to recognize that it has not opened that door either,” Berry said.

More: Supreme Court dropping decisions on guns, abortion, Trump immunity and more in coming days

The court ruled 7-2 against Charles and Kathleen Moore, a retired couple from Washington state who challenged their $14,729 tax bill on an investment they made in a company in India.

A massive change in tax laws passed by a GOP Congress and signed by former President Donald Trump in 2017 reduced the corporate tax rate and included a one-time tax on earnings of U.S. shareholders in some foreign companies.

Before the law, companies could defer indefinitely paying U.S. taxes on foreign earnings by parking the profits abroad.

The Moores argued the tax was unconstitutional under the 16 th Amendment, which allows the government to tax income. Because their profits in the form of dividends were reinvested into the company, the couple said, the earnings can’t be considered income for tax purposes.

The Biden administration, which defended the tax provision because of its concern about upending federal taxes, countered that nothing in the Constitution bars Congress from taxing unrealized income. The Justice Department also said similar taxes have been in place since the mid-19 th century.

The lower courts sided with the administration, and the Moores appealed to the Supreme Court.

A majority upheld the lower courts' decision, saying the company generated income that Congress can attribute to shareholders and partners for tax purposes, even if the income has not been distributed.

"Consistent with this Court's case law, Congress has long taxed the shareholders and partners of business entities on the entities' undistributed income," Kavanaugh wrote. "That longstanding congressional practice reflects and reinforces this Court's precedents upholding those kinds of taxes."

If the Moores' argument were taken to its logical conclusion, Kavanaugh continued, vast swaths of the tax code could be rendered unconstitutional.

"The logical implications of the Moores’ theory would therefore require Congress to either drastically cut critical national programs or significantly increase taxes on the remaining sources available to it — including, of course, on ordinary Americans," Kavanaugh wrote.

In a dissent joined by Justice Neil Gorsuch, Justice Clarence Thomas said the Moores never received any of their investment gains so they cannot be taxed on them.

Thomas says the majority is 'changing the subject'

Thomas accused the majority of "changing the subject" to uphold the tax through an "unsupported invention."

And he scoffed at his colleagues' effort to write a narrow opinion to avoid weighing in on a wealth tax.

"Sensing that upholding the (Mandatory Repatriation Tax) cedes additional ground to Congress, the majority arms itself with dicta to tell Congress `no' in the future," Thomas wrote. "But, if the Court is not willing to uphold limitations on the taxing power in the expensive cases, cheap dicta will make no difference."

More: This couple is fighting $15,000 in taxes. Their case could cost Washington trillions

During the December oral arguments , the justices appeared to be searching for a narrow way to decide the case.

If the court invalidated the tax, the Justice Department warned, the government could lose $340 billion. In addition, a broader ruling invalidating all taxes on undistributed business earnings could have cost several trillions of dollars in lost tax revenue, the government said.  

"An opinion in favor of the Moores had the potential to upend many areas of current U.S. tax law, not to mention the flurry of refund claims, including those already filed on a protective basis, that would have created significant burdens on an already resource strapped IRS," said Christine K. Lane, an expert on tax law at Crowell & Moring.

The Moores were backed by anti-regulatory and business groups.

Calls for Justice Samuel Alito to recuse himself from the case

Justice Samuel Alito rebuffed calls from Senate Democrats that he not participate in the case after speaking with one of the lawyers, David Rivkin, who represented the Moores. Rivkin co-authored two favorable opinion pieces in the Wall Street Journal last year based on his interviews with Alito.

Pushing back, Alito said there was “no valid reason” to recuse himself as he and Rivkin never discussed the case. Rivkin, Alito said, was acting as a journalist when they talked and justices have routinely been interviewed by attorneys who practice before the court.

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Our BS in Business with a finance specialization offers a variety of courses that can help you develop career skills. So how do you know which courses are best for your professional growth? Start by setting goals. Make a list of career-related skills and identify any knowledge gaps you may have. Then look for the courses that can help you gain those skills or build on your knowledge. As you complete courses, track your progress and practice regularly so you can stay on top of the latest industry trends. Our Career Development Center can help you with your resume and job search as you learn each new skill.

Develop professional traits that can help you pursue your career

Cultivating professional traits is another means to help you stand out in the workplace. For the BS in Business, Finance program, we focus on helping you to become:

• Detail oriented
• A confident leader
• Comfortable with teamwork
• A creative problem-solver
• An effective communicator

Finance skills taught in our BS in Business program

As a student in this program, you’ll be introduced to the business of finance, where professionals help organizations find and manage the resources needed to grow, make investments and acquisitions, help plan for the future and manage existing assets.

Financial analysis skills

• Collect, interpret and evaluate financial data
• Communicate findings to others through reports, presentations or meetings
• Understand how to stay up to date on the latest news and trends to make informed decisions
• Use financial models to simulate different scenarios and help make decisions

Financial accounting skills

• Analyze financial data to identify trends, patterns and risks
• Understand financial reports, such as balance sheets, income statements and cash flow statements
• Communicate complex financial concepts clearly and concisely
• Understand how to stay up to date on regulations

Business analysis skills

• Gather and analyze data to identify problems and opportunities, and help develop solutions
• Communicate findings clearly and concisely through reports, presentations and visualizations
• Understand how to work with other departments, such as marketing, sales or external partners

Market analysis skills

• Build a conceptual framework of financial markets and examine their roles in the global financial environment
• Use financial statement data in various business analysis and valuation contexts
• Evaluate the macroeconomic variables and monetary policies that affect financial markets

Ready to get started?

Enrollment counselors are standing by to answer questions about scholarships or help you apply.

Take the next steps. Make your plan to earn your degree.

How to apply, what are the bs in business, finance admission requirements.

Applicants to the BS in Business, Finance program must provide the following information for admission:

• An admission application – no application fee required
• A high school diploma or equivalent
• A transcript of any reported GED
• Military applicants and veterans
• Applicants with 24 or more quarter credits of prior college or university coursework (transferable college coursework and/or credentials that map to preapproved credit for prior learning opportunities may be considered toward the 24-credit minimum equivalency total)
• Applicants who do not have any credits eligible for transfer must successfully complete a university-approved reading and writing assessment; by evaluating your skills prior to your first course, Capella can more effectively provide resources to prepare you for a successful learning experience
• A valid, government-issued form of photo identification

SAT and ACT are not required for admission.

International student requirements

If you live outside the U.S. or aren’t a U.S. citizen, you may be considered an international student.

To meet the requirements for Capella admission, you must:

• Earn the minimum score on an acceptable test for proof of English proficiency
• Attend an internationally recognized institution
• Provide transcripts for evaluation

Learn more about international student admissions .

Find savings and scholarships

Are you looking to earn your bachelor’s degree online but have questions about the cost? Many students are looking for ways to save money on their education and online learning can be a great way to do it.

Here are just a few of the potential savings you can enjoy when you earn your degree online.

Employer and association discounts

More than 900 organizations – including corporations and healthcare organizations – invest in their employees by partnering with Capella University to offer access to tuition savings and other educational benefits. See if your employer is a partner of Capella .

$15,000 scholarship toward your bachelor’s degree

Apply for a $15,000 Capella Progress Reward , a scholarship to help fund your bachelor’s degree.

Transfer credits

Learn more about Capella’s transfer credit process . You may be able to transfer previous college credits to cover up to 75% of select bachelor’s degrees.

Federal grants

Capella University accepts federal grants , which are education funds that you may not have to repay. Find out more about federal grants and what’s available to you. 

Explore program courses and skills

Get started on your finance career goals with a program that can help you develop foundational business knowledge, learn the fundamentals of management and leadership and gain a deeper perspective on risk management and entrepreneurship.

Our curriculum is designed to help you:

• Employ effective technological strategies for financial decision-making
• Understand ethical and legal standards and guidelines in finance
• Understand the relationship and influence of globalization and culture on United States financial systems and markets
• Analyze economic and financial data
• Manage personal, corporate and non-profit organization finances using the fundamentals of finance
• Communicate effectively

Take the first step toward earning your degree and achieving your goals. {page-tel}

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• Copilot Studio

Microsoft Copilot Studio: Building copilots with agent capabilities

• By Omar Aftab

• Copilot category
• Announcements

At Microsoft Build 2024 , we’re excited to announce a host of new powerful capabilities in   Microsoft Copilot Studio —t he single conversational AI tool you can use to create your very own custom copilots or extend Microsoft C opilot experiences with your own enterprise data and scenarios. The first of these are c opilots that can now act as independent agents— ones that can be triggered by events— not just conversation— and can automa te and orchestrate complex, long-running business processes with more autonomy and less human intervention.

For instance, consider the potential of a copilot that can react when an email arrives, look up the sender’s details, see their previous communications, and use generative AI to trigger the appropriate chain of actions in their response. From understanding the intent of the email, to look ing up the sender’s details and account , see ing their previous communications, checking inventory,   responding to the sender asking for their preferences, and then taking the appropriate actions to close a ticket — orchestrating and shepherding an entire process over days.  

With such capabilities, copilots are evolving from those that work with you to those that work for you. They can be designed to handle specific roles or functions, such as IT, marketing, sales, customer success, and finance across various industries, including travel, retail, and financial services.  

With these new capabilities, here are some examples of the kinds of copilots our customers can build

• IT help desk .  IT support is complex, involving tickets, order numbers, approvals, and stock levels . O pening and closing a ticket can be a long-running task that spans days. A copilot can now handle this process, interfacing with IT service management applications, resolving IT tickets with context and memory, creating purchase orders for device refresh, and reaching out and getting managers approvals — all independently .
• Employee onboarding . Onboarding new employees is often expensive and slow. Now, imagine you’re a new hire. A copilot greets you, reasons over HR data, and answers your questions. It introduces you to your buddy, provides training and deadlines, assists with forms, and sets up your first week of meetings. Throughout all of this, the copilot is in touch, guiding you through the weeks -long onboarding and account set up processes.  
• Personal concierge for sales and service . Balancing exceptional customer experience while meeting ambitious revenue goals can be challenging. When a copilot serves guests, i t can use the memory of previous conversations with guests to remember their preferences, make reservations, handle complaints, and answer questions related to the products and services on offer. The copilot learns from its interactions and proposes new ways of handling customer scenarios. By doing so, copilots can increase upsell and attachment rates, driving revenue for the resort while simultaneously enhancing guest experience, satisfaction rates, and repeat business.

Let’s dig deeper into a few of the underlying capabilities that make all this possible:

• Asynchronous orchestration of complex tasks . The first is the ability to use generative AI- powered   planning and reasoning to manage complex, multi step, long-running tasks. For example, reacting to a new order means determining the need to verify inventory, trigger ing the right payment processes, pinging a supervisor for approval if the amount is above a certain threshold, and replying with a confirmation. Many of these events can take hours—or even days— to complete, but the copilot will run through them , maintaining the necessary state and context to do so.
• Memory and context . One of the frustrating things about support has traditionally been having to repeat information: who you are, what your policy number is, what your address is. There is no continuity of conversation. Copilots will now learn from previous conversations from the users and utilize this knowledge to continually personalize interactions . A copilot may not need to ask you for your laptop model or your address when you call again for the same issue. Conversations will thus become long-running, contextual, and deeply personalized.
• Monitor, learn, and improve . Copilots can now learn and adapt, offering monitoring and teaching capabilities to make their interactions better. Each copilot records a comprehensive history of its activities, providing transparency into its performance, including user interactions, actions taken, and feedback received, and you can see what decisions it made — and correct and teach them — with just a few clicks.

• Delegation with confidence and guardrails . When developing copilots with agent capabilities, establishing clear boundaries is paramount. Copilots operate strictly within the confines of the maker-defined instructions, knowledge, and actions. The data sources linked to the copilot adhere to stringent security measures and controls, managed through the unified admin center of Copilot Studio. This includes data loss prevention, robust authentication protocols, and more.

The se advanced new capabilities in Copilot Studio are currently accessible to customers participating in an Early Access Preview where organizations such as Centro de la Familia are excited to explore agent capabilities that support teachers and case workers, allowing them to spend less time on administrative tasks and more time working with children, ultimately leading to better child outcomes . Based on feedback from program participants, we will continue to iterate and refine these capabilities for broader access in a preview planned for later this year .  

Additional innovations with Copilot Studio

There’s a lot more to share at Microsoft Build with Copilot Studio, and we’ll touch on just a few of our new capabilities here. To learn more — just sign up and try it out for yourself here .

Here are a few examples of how Copilot connectors can transform copilot experiences for specific personas or functions:

• Legal and Compliance . Navigate complex legal landscapes with a Copilot extension that queries specific legal datasets, ensuring controlled and compliant responses without overwhelming users with extraneous information.
• HR Helper . Assist employees with accessing essential resources for benefits and PTO policies, and even book time off directly through Copilot.
• Incident Report Coordinator . Workers can locate the right documentation, report incidents, and track them efficiently, all within the context of the chat.

Starting in June 2024, developers can access the public preview for Copilot connectors and stay informed on updates here .

Conversational analytics (private preview) : One of the most common asks from customers has been the need for deeper insight into what their copilot is doing, how generative AI is responding, when it was unable to give the right answers and why — and recommendations on what to do to improve it.

Enhanced security and controls (public preview ) : Administrators can now configure advanced settings beyond the default security measures and controls. With Microsoft Purview , Copilot Studio administrators gain access to more detailed governance tools, including audit logs, inventory capabilities, and sensitivity labels. They will be able to review comprehensive audit logs that cover tenant-wide usage, inventory (with API support), and tenant hygiene (such as data loss prevention violations and inactive copilots), enabling them to effectively monitor business impact. Both creators and end-users will be able to view sensitivity labels when responses are generated using AI-powered answers based on SharePoint documents.

With all the amazing innovations, numerous organizations are using Copilot Studio to build transformative generative AI-powered solutions. Check out this story from Nsure on how they are using Copilot Studio:

Get started today with Copilot Studio

This is just a glimpse of all the exciting innovation around copilots and Copilot Studio — we have a host of exciting new capabilities to share in our sessions at Build. So, join us in watching the sessions below, and try out Copilot Studio yourself and build and share your very own copilot in minutes.

Watch the sessions at Microsoft Build:

• “ Microsoft Build opening keynote ”
• “ Next generation AI for developers with the Microsoft Cloud ”
• “ Shaping next-gen development: the future of Copilot in Power Platform ”

Deeper dives:

• Breakout: “ What’s new with Microsoft Copilot Studio ”
• Breakout with demos: “ Build your own copilot with Microsoft Copilot Studio ”
• Breakout with demos: “ Build Microsoft Copilot extensions with Copilot Studio ”
• Demo (live only): “ Build your own Copilot extension with Microsoft Copilot Studio ”