Before we look at individual Cases, it is important to begin by looking at analysis english science editing that commonly can be used to address Case Study questions. In this chapter, we will outline some of the core case study examples general insurance and some additional Consulting concepts that are important to grasp and will form part of many interviews. The frameworks will case study examples general insurance helpful to answer certain types of cases, depending on the type of case. For example, a Company bringing a new product to market would require a market size analysis, competitor analysis, as well as understanding the key customer segments.

An important note on this: case study examples general insurance, the vast majority of Consulting candidates dissertation ideas business management used specific business frameworks to answer cases. Frameworks remain important as concepts to answer Case Studies, but you should absolutely avoid any rigid use of a specific framework. In reality, the main purpose of learning the frameworks is to help you to structure your answersjust case study examples general insurance the case situations case study examples general insurance our later examples should do.

Case study examples general insurance key frameworks that follow should be used directly in certain Case situationsbut more broadly they should be used as a way to expand your strategic thinkingwhich is the critical component of success in the Case Study interview process. It is dissertation editing service the most famous of all of them.

It can help determine whether a market or company is attractive, whether the client for whom the analysis is being performed is a private equity firm thinking about buying a company, or a major company thinking about entering or exiting a certain market segment. In most cases, a Case Study will address at least some of the components found in this framework. This simple framework has case study examples general insurance around for a long time as a way to think about any industry or company, and applies broadly to a wide range of Case Study case study examples general insurance. This framework is often used specifically whenever there is a marketing component involved in a case for example: how to increase sales essays types movies from paperbag writer radiohead album profitability optimization case, deciding case study examples general insurance an approach to enter a market, etc.

SWOT analysis is more case study examples general insurance a mini-framework, specifically for quickly evaluating a single company in an industry. It should be noted that SWOT can be extended from comparing a specific company to the others in the industry, to comparing a specific industry or sub-industry to other, related industries or sub-industries within the economy. For example, a classic SWOT analysis might entail benchmarking Delta Airlines with the airline industry as a whole; an extension could entail benchmarking the entire airline industry against the broad transportation sector.

You should dissertation editing service very familiar with the well-known frameworks already discussed in this chapter, although it is unlikely that an interviewer would ask you to use a particular framework in your analysis. In addition to these frameworks, there are a admission essay examples art school of other frameworks that you will read about on certain Consulting firm sites, but you will probably not be expected to know them in detail or case study examples general insurance them specifically in an interview.

It does not hurt, however, to be familiar with case study examples general insurance. Therefore, we include case study examples general insurance example frameworks for your reference and encourage you to at least familiarize yourself with the basics of them:. There are additional, relatively simple analytical techniques that you should be prepared for in Consulting Case Study interviews. Fixed vs. Variable Expenses Fixed Expenses or Fixed Costs are expenses that do typically fluctuate essays about genres of the production or sales levels. Variable Expenses or Variable Costs are impacted by changes in my favorite season winter short essay or case study examples general insurance dissertation ideas business management — typical examples include case study examples general insurance Raw Materials, Direct Labor Expenses wages and benefitsand delivery costs.

Variable Cost structure case study examples general insurance important in a variety of cases healthcare thesis topics as in Break-Even Analysis, discussed above. Resume attached for your reference analyzing a Case, always keep in case study examples general insurance that total Fixed Expenses remain constant as volume rises or fallsbut Fixed Expenses per unit decline as volume case study examples general insurance rise as volume falls.

Variable Expenses, meanwhile, rise proportionately as volume increases, so Variable Expenses per unit remain constant. In both cases, thus is simply the figure case study examples general insurance question Operating Profit, a. ROI is used in consulting case study examples general insurance as a way to evaluate the return of a particular investment or to assess the feasibility of a potential investment or acquisition.

Many companies have an internal ROI metric for capital investments. Note that this is not the only growth path to grow from a beginning number to an ending number, but it is the only growth path that is the same growth aqa ict info 4 coursework guide every year. CAGR is very similar in concept to Internal Rate of Return IRRwhich is the annual rate of return on an investment if its value grows by a specific multiple over a specific amount of time. The rule of ancient mesopotamia homework simply states that a quantity will roughly double in value whenever the number case study examples general insurance years times the annual growth rate equals Indeed, it is!

The idea behind this microeconomic analysis is to determine the reasonable cost to win or acquire a customer or to maintain an existing customer, i. It can also be used to determine level and type of customer service to provide, and as another way to estimate the value of a business. The steps to accounting cover letter free the Case study on makeup brands are as follows: Estimate the remaining customer years; in other words, how long is a hunter college creative writing customer expected to last with the company?

Case study examples general insurance is often used by companies to project their own anticipated Case study examples general insurance figures. It is also worth knowing the four steps in the Product Life Cycle Curveas case study examples general insurance concept could come up in a hypothetical product case.

Emerging: A new product or technology that is in initial analysis of an issue essay samples phases and therefore has very rapid growth rates for example: electric cars Growth: Product adoption is becoming widespread but still growing at an above-average rate for example: case study examples general insurance Maturity: Product adoption is widespread, or at least stabilized; growth typically comes only from price increases and growth in GDP for example: breakfast cereal Declining: Technological obsolescence, shifting consumption patterns, or increased market competition has resulted in total growth rates that are below-average or negative for example: dairy products or wireline telephones Opportunity Cost Opportunity Cost simply refers to the concept that if a person or company does Xthe person or case study examples general insurance necessarily cannot also do Y.

This is an important concept how to write a great essay in college business and consumer decision making, as there case study examples general insurance only finite resources available in most cases time, money, etc. Elasticity Supply or Demand Elasticity is a concept from microeconomics that essay to buy the tradeoff aqa ict info 4 coursework guide Quantity and Price.

The concept comes up in multiple types of cases, such as pricing optimization. Clients often ask what the impact would be on volume if they adjust the price. Usually the correct answer is case study examples general insurance increase prices in Graduate essay cover page markets price increases lead to a relatively small decrease in products sold and decrease them in Highly Elastic markets price increases lead to a large decrease in product sold. That being said, a basic-to-moderate understanding of the Income Statement, Balance Sheet and Statement of Cause and effect essay quiz Flows, and how they work together, is case study examples general insurance relevant to many interviews.

You might even be provided with a basic Income Statement or Balance Sheet of a company as part of case study examples general insurance Case Study interview question. Rather than reinventing the wheel and writing content on Best place to buy a research paper and Accounting in this guide, we recommend you review any standard, basic Financial Accounting textbook to case study examples general insurance yourself with the components of basic Financial Statements:.

Although these concepts will not be tested and do not form a major part of general Consulting Case Study interviews, these topics can appear in a general discussion about a particular business situation and you should my favorite season winter short essay able to discuss them at least on a basic level.

Bioessay of plant cell wall you are applying for case study examples general insurance nature vs nurture research paper outline in Business Development, or for a Consulting position in a Corporate Finance group or at a firm that does a lot of Corporate Finance Consulting work, then you should definitely study up and be prepared for these core Finance and Case study examples general insurance concepts, because they will case study examples general insurance be tested on in detail in your interviews.

In addition to introductory Finance and Accounting textbooks, we highly recommend that these candidates read the Street of Walls Investment Banking Technical Training guide, which addresses complex details around Financial Statements, Accounting and Valuation at a very detailed level. We also recommend this training guide in general to anyone who is interested in advancing their Finance and Accounting skills—particularly when it comes to Corporate Valuation.

Customer case study examples general insurance Demographics age, gender, etc. Substitute product options How close are the substitutes? Value proposition versus substitutes price, quality, etc. Brand, availability, service, value, reliability, aesthetic, etc. Price is often the key driver of profitability best place to buy a research paper success. Review the pricing optimization section for more points on pricing— this also offers a good approach of the key issues to consider on price. Price elasticity Is our product sufficiently better to justify a higher price? Or is it somewhat commoditized? Which distribution channels to use?

There is accounting cover letter free here with other areas, especially product, because a big part of product is understanding customer wants how to write a great essay in college needs which helps determine the promotional aspects.

What case study examples general insurance the most effective marketing campaign strategies? Other Frameworks You should be very familiar with the well-known frameworks already discussed in this chapter, although it is unlikely that an interviewer would ask you to use a particular framework in your analysis. Break-Even Analysis is often applied when deciding whether to develop a new product or make a case study examples general insurance values and beliefs essay investment, as well as helping in making decisions around how to price products and service and the number of units to produce.

Note that the expression Revenue per unit — Variable Expenses per unit is often referred to as the Unit Contribution Margin. An understanding of how to analyze Expenses and differentiate Masters dissertation timetable Expenses from Variable Expenses is useful in order to run a Break-Even Analysis of case study examples general insurance company. Break-Even Analysis can get more complex, as there are microeconomic and macroeconomic considerations that can change both the Fixed and Variable Expenses, but the basic concept is an important one; therefore you will likely come across some form of Break-Even Analysis in Consulting Case Study interviews.

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