I had a different approach altogether. My formula would look like # Transactions = (Total Amount paid through UPI per month) * 12/Average amount per transaction. For the total amount paid through UPI, I would bifurcate the population (household), urban/rural, and tech/internet penetration, post that, I would make a table for the monthly expenditures of the family and the modes of transactions (UPI/Internet Banking, Direct Banking, Cash, etc). For average amount per transaction, a weighted matrix of average cost per transaction across shopping, groceries, etc. Do let me know if there are any considerations missing in the approach.
Could you explain why you did the 50% digital literacy in the sanity check? Also, don't you think we should have considered per household (averaging 4 people in a house in urban) and perhaps 5 or 6 people in a household in rural India, simply because everybody is not doing a UPI transaction for staples in a household, it's usually just one person.
Hi. This was quite helpful. I am unsure why we have done 4*3, as the total is per week, and there are 52 weeks roughly in a year. Moroever, don't you think a female:male segmentation should be considered somewhere, assuming that UPI/mobile phone users/bank a/c holders and eventually UPI users among females would be lower, especially in the rural areas
Our Task was to prioritise five major World Issues i.e. FOOD,WATER,POLLUTION,WOMEN EMPOWERMENT and PEACE AND SECURITY and to give solutions for each of the problem as a UN Committee .
Hi, I really love your deep explanations. I hope you continue posting more videos for beginners like me. However, I would like to ask one question: are candidated allowed a short amount of time to craft frameworks and recommendations? Or they have to simultaneously do that while speaking out their thought processes?
Hey! So interviews can last anywhere from 15-45 mins, sometimes even more, depending on the interviewer, the round etc. So, during this time period, you are involved in scoping out the problem, structuring it and offering recommendations. Now, you keep conversing with the interviewer at each of these stages, so it's not like you take 5-10 mins for structuring, and then get back with the structure. Rather, you continuously collaborate with the interviewer.
Factors that can affect quality & performance may include: 1. Efficiency of training facilities provided by the institute(including quality of coaches/mentors, any sort of compromise being made with accessories, equipment, etc ) 2. Training hours of the players 3. Any specific change in training strategy 4. Changes in selection criteria of players
Hi Tarak! Indeed, all the factors you mentioned are perfectly valid. Regarding how they fit within the structure I proposed, 1) 2) 3) would all come under the 'Training augmentation' bucket. Changes in selection criteria would come under the '% getting selected' bucket. Further, we've already eliminated issues with the 'Coaches' bucket under the 'Technical reasons' heading. However, just listing out the above four factors isn't a MECE structure and would have missed out on the actual problem present in this case unless one was to go back and make additions.
Hi Shruti! If you're enquiring about how to arrive at the price of the product/service, you can employ cost-based, value-based and competitor-based strategies and arrive at a feasible number.
Hi Mihir! Remote examinations essentially refer to virtual examinations, maybe some form where the ed-tech player can coordinate and conceptualize a new style of evaluation entirely etc.
