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