Structural thinking really significantly contribute to consulting work 😂 i love how u structured the idea by peeling off the layers with quantitative and qualitative method approach
Hey Matt I really found this video helpful and how you showed us your notes and explained every step thoroughly! Kindly consider these two requests: 1- Can you make this a series in which you also solve difficult cases? 2- I would love to see your thought process before looking at the answers, so can you solve a case you've never read? Again thanks Matt and keep going!!!
Great video!!! As someone who is looking for a job in consulting, these videos are a massive help. I would love to see another case breakdown in the future!
You are just amazing Matt. Your videos have been helping me alot on understanding more the world of consulting, and on how to prepare myself. Love from Brazil
Awesome one Matt! Love your enthusiasm here which kept me engaged compared to numerous monotonous engagement I've seen in other videos. Love to get your thoughts on some of my additional considerations Clarifying Qs: To add a question on understanding their business model. Logistic is a broad term that can be used in so many settings. Are they in the cold supply chain, do they deliver primarily commercial goods or Amazon like packages. Structure: Would actually break them down into Total contribution margins + Fixed cost. Where CMs are main shipping routes * contribution margin of each route (Price - variable cost: labor, fuel, etc.) Reckon this keeps a clean distinction between fixed expenses and the costs to serve. Brainstorming: If we were to add structure here, we could put (i) Attract more workers (ii) Reduce turnover in existing workers (iii) Bonus: Reduce reliance on workers such as partnering with local distribution co., pick up options
Very helpful video Matt, you're an awesome teacher. I was wondering if it would be a reasonable answer to say that (given the data of the table) they should transition to hybrid trucks, since they would have a positive impact on the fcff (depreciation being a non cash expense)? I know the case is focused on reducing costs, increaing margins and etc but given that both trucks offer the same impact on the profit, the hybrid trucks would at least have a cash flow bonus. Anyway congratulations on the great content!
I ran through this and I could have added another bucket in the framework to look at competitors/the market and seeing if the trucker shortage is market-wide and if this is the case, how are competitors reacting
I have a question concerning depreciation. In the example it said its straighline depreciation, bit theyre used untill both have a value of 0, so why does depreciation matter in the vehicle cost table since both are used untill theyre worth nothing?
Such an amazing video and very simple to understand. i am engineering professional and trying to switch to consulting. Any suggestions for that? Also can you make a video on how to switch to consulting from some other career.
Hey Harsh! I’ll add this video idea to my list. Main thing for switching into consulting from a different field is you need to either (1) do a top MBA or (2) network and apply on your own when the hiring market is hot.
@@matthuang21 it sure is - the easiest, quickest, and biggest expense to cut. My entire career (almost) has been running org restructures, and usually the strategy is from MBB and ALWAYS involves job cuts. “When McKinsey comes to town” is a recommended read if you haven’t yet 👍🏼
Hello, so for me interview i was told that they will give me 45 minutes to read then there will be a group case discussion, do i still need to ask clarifying questions ? what should I expect ?
It definitely can't hurt to ask clarifying questions even if it is a group interview. That said, I'm not sure why you would be having a group interview for a consulting role - is this for Bain?
