Daily Ritual for Consulting

How to approach a case interview:

 Ask clarifying question to define the problem well, here the density matters ( Aim for 3-5
questions maximum)
 Even if you get a same case the mentality should be like it a new case how can I
approach it, how I can learn new thing today

How to develop business sense (1hr drill/day)

Structure: Get a case Use as much of the case context as you can – which industry, in which
from a good casebook country, when?
and structure it
Circle the issues you think are more important. Take 10-15 minutes here –
think as hard as you can to find hidden issues.
Check the casebook’s answers and see if you didn’t consider any issues that
Review: Check the were included in the answer. Make certain that you understand why that’
casebook’s answer issue is important and add it to your framework. Now see which issues you
did consider that were not considered in the casebook. Can you justify why
these issues are important for the solution of the problem at hand?
Read: Find new Search the theme of the case on Google or reputable sources. You should be
knowledge focused on finding hidden issues here – things specific to that industry that
you hadn’t thought about and that the people who made the casebook
hadn’t thought about either. Then understand why these issues are
important.
Restructure: redo your Now you should know more than before about that specific business issue
structure with or industry. How would you restructure your initial case? Do that. You may
newfound knowledge want to add certain issues, take some issues out, reprioritize and even
change the overall conceptual structure that governs the case. Do your best
job here, and make sure to have a prioritized list of 3-5 key issues at the end
of the exercise
Generalize: find other Steps 1-4 will help you understand what are some key issues of some
situations where the industries in some situations. Helpful, but not a game-changer when you
key issues would be don’t know what cases will be in the interview that defines your professional
important as well future. Step 5 handles this problem.

Get the key issues from your last (and close to ideal) structure and make
sure you understand why they’re so important in that situation. Then, find
as many other situations where that key issue would’ve been critical as you
can. Doing this exercise will help you recognize patterns, which will help you
with unknown cases.
Then you move on to other issues relevant to that case and find other
industries or situations in which those issues are important.