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Download for the best experience : Krack the Case

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Added on  2022-01-21

Download for the best experience : Krack the Case

   Added on 2022-01-21

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Consulting
Guide’21.

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Disclaimer
All the content and concepts used in this deck are accurate to best of our knowledge.

Any data, definitions or inspiration from the Internet have been acknowledged, wherever possible.

This guide was prepared by the undergraduate student team at Consulting & Analytics Club, IIT Guwahati.

If you find some discrepancy in the material, feel free to contact us at
cac@iitg.ac.in
Or reach out to us at:
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From the Team
The Consulting & Analytics Club, IIT Guwahati proudly presents our 2021 edition of the “
Krack the Case” Consulting Guide.
We’ve aimed to make this an all
-in-one guide to cater to all skill levels, and aid your induction into this omnipresent sphere.
We hope that the material we’ve created and curated aids you in your journey to ace consulting and PM interviews!

Created by the undergraduate student team at C&A IITG, this guide draws examples from discussions, talks, and peer

learning sessions
organised within the club. As such, we’ve tried to recreate the bottom-up system of discussion that goes
from the grassroots to more complex fundamentals, to make the content accessible to a wide range of skill
-levels. We’ve
ensured our curated material is up to industry standards, and included the names of our sources at the end
in case you
wish to delve deeper
.
We at C&A have always strived to create communities of learners and teachers. This spirit of peer
-assisted learning reflects in
both our in
-house and open-to-all events, bolstering outputs through collective motivation and healthy competition.
On that note, we’re thrilled to introduce to you our annual
Winter Consulting course! This free 4-week consulting
bootcamp has no pre
-requisites, and includes projects, certification, industry webinars, and meticulously-curated content.
Stay tuned for this year’s reveal on our social media handles!

We hope this guide is an enriching read and an invaluable resource to consulting & PM aspirants out there. Do feel free to

reach out to us at
cac@iitg.ac.in with any comments, feedback, and/or corrections!
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(click on the topic headings to jump to the respective topic)
I.
A Peek into Consulting
II.
Issue Trees and MECE Approach
III.
Guesstimates
IV.
Strategic Tools
SWOT
PESTEL
Porter’s 5 Forces
Task Environment
Value Chain Analysis
BCG Growth Matrix
Contents

V.
Case Frameworks
Pricing Strategy
Market Entry
Profitability
VI.
Making Amazing Slide Decks
VII.
Glossary of Useful Terms
VIII.
A Glimpse of the PM World
IX.
User Personas and Research
X.
Case Examples
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A Peek into
Consulting
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Identify Challenges of the Company and Define all
complex problems

Role of a Management Consultant

Create and implement a structured approach

towards solving the problems

Understand the condition of the market and position

of the company and address problems accordingly

Recommend a proper elaborate action plan to solve

the problem and fight the challenges

Continuous Evaluation of the proposed solution and

modifying it according to newer scenarios
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Case Interview Mindset
1.

2.

3.

4.

Understand
the
case properly and

ask clarifying

questions to get a

better look into the

actual problem at

hand.

Analyse
the case
problem and

construct a

structured

approach towards

solving it.

Generate relevant

insights
from
existing

knowledge, initial

clarifications and

related concepts

and frameworks.

Communicate
the
assumptions,

insights and

recommendations

in a structured

form.
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General Tips
Be prepared with different frameworks. Practice a few cases beforehand and stay updated on industry
news.

Communication skills would be of utmost importance. While solving the case, think out loud!
Do not get stuck on calculations! Round off numbers, and use them quickly and efficiently.
Ask clarifying questions in the beginning. Asking the right questions increases chance to come up with
an accurate solution.

Do not make any assumptions unless necessary, even if you do make sure to communicate with the
interviewer to get them validated.

Whenever a framework is used, communicate the approach of solving the case rather than mentioning
the exact framework.

Keep communicating with the interviewer to let them know of your thought process. In most cases, the
interviewers will help you get back on track if they see you going in the wrong direction.

Be calm, confident and patient with your approach.
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