Mckinsey case study. 7 “Shared mobility: Sustainable Intentionally investing in leadership development can help hypergrowth companies 2 Based on McKinsey analysis, hypergrowth refers to a period of rapid expansion with a CAGR of 20 to 40 percent and three phases: build and launch (annualized return on revenue [ARR] of $0 to $10 million); grow (ARR between $10 million and $100 million); and scale (ARR greater than As technologies and business models continue their rapid evolution, companies are experiencing a step change in the workforce skills they need to thrive and grow. Collection. This will allow you to filter for interviewer-led (as used by McKinsey) and candidate-led cases. How Lufthansa is using data to reduce costs and improve spend and carbon Transcription: McKinsey Case Study Interview: College Football Program The Prompt MC. We define “digital” broadly, as an array of solutions and analytical methods based on digital technologies. Full issue (207 pages) There is a widely reported war for talent across industries and sectors, with no slowdown in demand. In that report, we measured the impact of climate change by the extent to which it could affect human beings, human-made physical assets, and the natural world over the next three decades. They will be able to provide you with real cases and the insights needed to succeed. Energy is the largest expense for some of these industries, and since variable costs represent a larger share of total costs in China than in more developed countries, where Tokenization is the process of issuing a unique digital representation of an asset on a blockchain, which is a type of distributed ledger. A game plan for quantum computing. This McKinsey report offers a detailed look at the economic and societal impact of the transition to net-zero carbon emissions by 2050. Just like McKinsey, BCG also includes multiple BCG case interview examples on its website. On the upside, 80 percent of the value creation achieved by the world’s most successful growth companies comes from their core business —principally, unlocking Download WSO's free McKinsey Case PowerPoint template below!. You read that right! That’s one minute per mini-case. three rounds in total. Interview questions [1] Question 1. To inform our selection of cases, we considered over 30 potential combinations of climate hazards, Our case studies cover each of the five systems we assess to be directly . What should you do In this McKinsey case interview example, Management Consulted coach and former McKinsey Associate Partner Divya Agarwal leads a 4th-year PhD candidate (Electrical Engineering at the University of Virginia) through a case interview. CEOs should treat these efforts with the same gravitas they would use for anything else, and not as a gimmick or a This was the case at Koç Holding, Turkey’s $27 billion conglomerate with divisions in energy, automotive, finance, consumer goods, retail, food, tourism, and other industries. July 19, 2023 | Article. Trends fueling growth include digitization, rising merchant adoption, increasing repeat usage among younger consumers, and an expanding set of players targeting lending at point of sale, a service also known as “buy To assess the potential value of generative AI, we updated a proprietary McKinsey database of potential AI use cases and drew on the experience of more than 100 experts in industries and their business functions. All coaches Interview coaching Popular Resume review Career coaching Salary negotiation Leadership coaching Mentoring . K, Oliver Wyman, and A. Nicolaus Henke, Senior Partner and Chairman of The survey content and analysis were developed by Michael Chui, a partner at the McKinsey Global Institute and a partner in McKinsey’s Bay Area office, where Lareina Yee is a senior partner; Bryce Hall, an associate partner in the Washington, DC, office; and senior partners Alex Singla and Alexander Sukharevsky, global leaders of QuantumBlack MCC is here to help. These case studies represent cases across firm styles (McKinsey, Bain, BCG, Deloitte, & more), including interviewer-led and interviewee-led (candidate-led) cases. McKinsey GIobal Institute research estimates that one in every 16 workers will need to transition to new roles by 2030—a 25 percent increase compared with prepandemic predictions—to support increased demand for all things digital. You can expect 2 games out of these 3 Red Rock Case study Ecosystem building Plant defence If you pass these, then you get to Round 1 case interview with McKinsey that has 2 30 minute cases (back to back) and then if you pass that you get to Round 2 which can be 2-4 cases back to back. Generally, prices greatly impact volume and ultimately profits, so this case study objective comes up quite frequently. and other underrepresented groups. McKinsey Global Publishing It's the consulting recruiting season again, the most fun and stressful time of the year for many of those who aspire a career in consulting. The future of commodity trading continues to take shape. Watch now a Two key numbers from McKinsey’s work underscore the case for a shift in focus. The most comprehensive governance model— say, for a global bank—will have a robust data-governance council (often with C-suite leaders involved) to drive it; a high degree of automation with metadata recorded in an enterprise dictionary or data catalog; data lineage tracked back to the source for many data elements; and a broader domain scope with ongoing In a recent McKinsey Quarterly survey of 2,207 executives, The size of this prize makes a strong case for practicing behavioral strategy—a style of strategic decision making that incorporates the lessons of psychology. McKinsey, BCG and Bain – along with other top consulting firms – use the case interview because it’s a statistically proven predictor of how well a candidate will perform in the role. The McKinsey case interview, also called the Problem-Solving Interview by the firm, is a crucial and defining element of the consulting recruitment process for one of the world’s most prestigious management consulting firms. ” The case for committing to greener telecom networks. 3) David Court is a director in McKinsey’s Dallas office, Dave Elzinga is a principal in the Chicago office, Susie Mulder is a principal in the Boston office, and Ole Jørgen Vetvik is a principal in the Oslo office. The McKinsey Problem Solving Game challenges candidates to utilize these skills effectively in a In the past five years, a select group of companies have started pulling ahead in their efforts to implement Industry 4. 4 Diversity matters even more: The case for holistic impact, McKinsey, December 5, 2023. If you've found this video helpful, you're gonna LOVE our free course at https://www. Description of situation Shops Corporation, is a US-based retail company that is committed to ensuring that its own employees—especially those at their corporate headquarters—represent its customers. This interview simulates the dynamics of real consulting work and allows the interviewer to gauge the candidate’s interpersonal skills and ability to The descriptions below include real examples from a selection of the lighthouse case studies featured in the report. Tokens can represent a broad range of assets, including physical assets such as real estate or art; performance: A case study A quick-service restaurant chain with thousands of outlets around the world is using data to drive a successful turnaround, increase customer satisfaction, and grow revenues. The case is led by Lisa Bright, an ex-McKinsey interviewer. Pricing Last Updated on March 27, 2024 . There weren’t any good options available, so we had to create our own. p. Kearney, he has also been a McKinsey case interviewer—providing you with a hands-on, real-world perspective on what it Diversity Matters Even More is the fourth report in a McKinsey series investigating the business case for diversity, following Why Diversity Matters (2015), Delivering Through Diversity (2018), and Diversity Wins (2020). In addition, some of our corporate partners granted some McKinsey interview process & requirements McKinsey recruitment process. In today's case, we're working with Kayla, who had the courage to practice and work through a McKinsey profitability case on a livestream with tons of onlookers. February 6, 2020 - Thanks to technology advances, some companies may reap real gains from quantum computing within five years. (McKinsey) Diconsa case: Public sector case focused on deciding whether to leverage a chain of convenience stores to deliver basic financial services to inhabitants of rural Mexico. Get instant access here. This plug-and-play template allows you to walk through the case at your own pace. Hi, my name is Victor Cheng. The US government’s MCKINSEY CAPABILITIES 72 82 Designing and starting up a customer-experience transformation To successfully initiate a broad improvement program, decide on a structure, select the sequence that’s right for your type of company, and don’t forget to recruit change agents. Rev. These are among the findings in the latest McKinsey Technology Trends Outlook, in which the McKinsey Technology Council identified the most significant technology trends unfolding today. Although levels of diverse representation in top teams are still highly variable globally—with It’s good to look externally for inspiration, but CEOs also should consider identifying and prioritizing practical use cases that suit the company’s strategy and then develop the concepts, business cases, and road maps for those use cases. the results from our latest McKinsey In this case study, we look at how Singapore-based DBS Bank, is reaching a new generation of tech-savvy customers by transforming digital banking. Previous research has shown that as many as 375 million workers globally might have to change occupations in the next decade to meet companies’ needs and that automation could free McKinsey partners with leaders on strategy, innovating to net zero, leading with tech, and building capabilities for a sustainable, inclusive, growing future. They will also challenge your answers a bit more than at other companies. Charting a path to the data- and AI-driven enterprise of 2030. Helpful hints. 0 across their manufacturing networks. It offers readers insights into value-creating strategies and the translation of those strategies into company performance. Explore this collection of real world McKinsey case studies featuring digital and AI transformations across a wide range of industries. The Transformation Road Map. com Preparation Program. What are the eligibility requirements? Point-of-sale (POS) financing services in the United States have grown significantly over the past 24 months, especially since the onset of COVID-19. For our latest insights on how commodities markets are navigating industry changes, see The critical role of commodity trading in times of uncertainty. This research is intended to help executives plan ahead by developing an understanding of potential use cases, sources of value, adoption drivers, and the critical skills needed to bring Despite forging ahead with generative AI (gen AI) use cases and capabilities, many insurance companies are finding themselves stuck in the pilot phase, unable to scale or extract value. Watch former McKinsey consultant Lisa Bright deliver a tough case to a top candidate. Over the past decade, more than 1,000 companies have participated in the study, and we have surveyed more than 480,000 people about their workplace experiences. Public health’s inflection point with generative AI. Brandon Carrus is a senior partner in, and managing partner of Our selection of case studies mirror the wide variety in real case interviews. The authors wish to acknowledge the contributions of Mary Ellen Coe, Jonathan Doogan, Ewan Duncan, Betsy Holden, and Brian Salsberg. In just 12 months, the business was able to transform 20 factories, increasing efficiencies on production lines and In a case interview, you are presented with a case study about an imaginary company facing a problem or challenge. Prep for case math at McKinsey, BCG, Bain, etc. Feel free to ask the interviewer to explain anything that is not clear to you. Client goal. In one airport case study, customer satisfaction had more to do with the behavior of security personnel than with time spent in line (Exhibit 2). Productivity growth for industrial companies in the European Union fell from an average of 2. Energy efficiency and conservation have rocketed up China’s corporate agenda, particularly for heavy-industry players such as power plants, steelmakers, chemical companies, and automakers. New mobility paradigms have emerged. To discover how I passed 60 out of 61 case interviews and landed 7 consulting job offers, become a member of CaseInterview. Outperformers also address both the bottom and top lines. The model has surely provided organizations with a comprehensive framework to evaluate and align their internal elements in a super effective way. 1 Sales of medical devices have grown at an annu - al rate of 9 percent for the past decade (Exhibit 1). Do not worry about driving this case, and let the McKinsey interviewer drive. The team intends to introduce a concept to the G8 representatives known Design and planning: Weekly check-ins to discuss participant engagement / feedback and coordinated communications to the participants Executed on plan to collect and synthesize feedback, including delivering results to senior leadership Collaborated with Talent Development team to support senior leaders to reinforce learnings through small-group While our case studies illustrate the localized impacts of a changing climate, rising temperatures are a global trend and we assess how physical climate hazards could evolve in 105 countries. 6 percent from 2006–2015, according to the Article - McKinsey Health Institute. But a win–win Article - There are no specific time constraints within the Red Rock scenario, but it’s recommended to prioritize time on the Study rather than on the Cases. Looking to break into McKinsey? Get free resources for your journey: https://bit. So the bank embarked on an ambitious transformation of the function. Good Luck. This report is part of a special-edition series and takes a deep dive into fine jewellery and watches over a five-year time horizon. 5 %âãÏÓ 83 0 obj > endobj 106 0 obj >/Filter/FlateDecode/ID[17D255F8B93346CC9DB4240642573235>19BC705DBCB951428B75E4DABC6995D8>]/Index[83 40]/Info 82 0 R Case interview coaching / mock case interview: These are resources to put you in touch with an ex-McKinsey, BCG, or Bain consultant or case interviewer. Make sure to check out our YouTube channel and subscribe for free case interview lessons, tips, and practice cases. Our latest report shows not You can also find hundreds of case studies, including McKinsey case studies and others, in our Case Library. Aim for 20 minutes on the study, 10 minutes on the cases and reserve 5 minutes in case you make a mistake somewhere. Insights to impact. 1 What do we mean by AI in healthcare? 31 McKinsey & Company, by Dr. Learn how to prepare for case interviews at McKinsey, BCG, Bain, and other top firms by studying free sample cases. Case study: CP AXTRA Diversity wins is the third report in a McKinsey series investigating the business case for diversity, following Why diversity matters (2015) and Delivering through diversity (2018). McKinsey’s Website You should also check out McKinsey’s interview preparation website because they provide four practice cases that you can work on without having to rely on a case partner. 3 Case studies 29 Chapter 2 – Artificial intelligence in healthcare today 30 2. Skip to Explore the case studies. Heather Hanselman. Podcast transcript. Organizing around the employee experience by taking an approach similar to how retailers define customer journeys—in this case, by identifying the employee moments that matter most and deploying resources accordingly. The vast complexity around pricing today presents many B2B companies with a dilemma: how to increase returns by making better pricing decisions without investing prohibitively high amounts of time, effort, or resources. Depending on customer acceptance of shared mobility, regulations in each country, and the progress of technology, spending on shared-mobility services could reach $500 billion to $1 trillion in 2030. We define “digital maturity” along 32 practices grouped into six dimensions: strategy, organization and talent, approach that is a characteristic of McKinsey Global Institute research. 1. A mere 2 percent of the surveyed There is little chance that you will be able to adequately prepare for the interview process with McKinsey in just a few weeks. Global consumer goods The hypothetical case of the global cosmetics company points to two common cognitive biases that can emerge when any company attempts to pursue programmatic M&A: the shiny-object syndrome and Maslow’s hammer. Lastly, make sure to subscribe to our YouTube channel to be notified of more case interview examples like this! Additional Links: Strategy Simplified Podcast; McKinsey Firm Profile; 5 Tips for McKinsey Case Interview; Case Interview Guide Organizational change is like turning a ship: the people at the front can see the change but the people at the back may not notice for a while. It starts with the recognition that even if we try, like Baron Münchhausen, to escape the swamp of biases by pulling Learn how McKinsey is working with leaders across all sectors to achieve net zero, safeguarding our planet and advancing sustainability. At the start of 2020, new CEO Bernard Looney announced an updated purpose for the company: to reimagine energy for people and the planet and to be a net-zero company by 2050 or sooner (see sidebar, “bp’s new purpose”). craftingcases. In our assessment of inherent risk, we find that all 105 countries are expected to experience an increase in at least one major type of impact on their Instructors also present case studies and lead discussions on the importance of rigorous truth seeking and the nature of decision making at Amazon. Sometimes initial assumptions are overturned. Our client is Conservation Forever (CF), a conservation-focused nongovernmental organization (NGO). ” A new normal of commodity trading will call for new types of traders. This case is led by Jenny Rae, ex-Bain consultant, and the candidate, Lisa, is an ex-McKinsey consultant. There’s an opportunity for promoting diversity in senior decision-making roles, and specifically in line roles on executive teams. With thousands of practitioners at QuantumBlack (data engineers, data scientists, product managers, designers, and software engineers) and McKinsey (industry and domain experts), we are working to solve the world’s Explore our latest case studies and strategies and learn how global business leaders are building resilience in an increasingly risk-prone world. NEW FROM THE MCKINSEY GLOBAL INSTITUTE. 1 Based on McKinsey analysis of This is the case even with indications The average number of assessments in Phase 2 and 3 studies increased from 17 in the period from 2013 to 2016 to 21 in the period from 2017 to 2020. Scaling digital transformation across factory networks can be fraught with challenges. Indeed, billion are spent yearly by the MNC’s for creating new drugs and medicines, making a worldwide promotion and to fight fiercely the other competitors for the market shares. Our latest research, If this sounds like you, then we would like to offer you the opportunity to take part in an exclusive one-day case study workshop in London on 21st October 2016. There are three phases in the McKinsey recruitment process – resume screening, PST test, and case interview. Jenny Rae (ex-Bain) is the interviewer, and the Learn more about preparing for interviews with the firm, including videos, practice cases, and frequently asked questions. All McKinsey interviews are interviewer-led, but these phone assessments are even more so. The most advanced companies use advanced analytics to run simulations of the expected impact of their potential investments so they can build compelling business cases for them. Harvard Business School. 2 of the case studies were basic, but one of them was a bit tricky and could not apply any framework to it. TPG worked with McKinsey to create Explore how McKinsey & Company helps clients across industries and sectors to rewire their organizations with technology. Sustainable, inclusive housing growth: A case study on Columbus, Ohio. McKinsey study. This report is part of a special-edition series and takes a deep dive into fine jewellery and watches over a Prep for case math at McKinsey, BCG, Bain, etc. These visits may focus on topics such as embarking on a new McKinsey Case Interviews are some of the toughest with the most expectation for accurate case math and solid case structure. However, a large majority remain stuck in pilot purgatory, struggling to capture the full potential Diversity Matters Even More is the fourth report in a McKinsey series investigating the business case for diversity, following Why Diversity Matters (2015), Delivering Through Diversity (2018), and Diversity Wins (2020). E. Senior Editor. Even the most cautious of these Looking to break into McKinsey, Bain, or BCG? Get free resources for your journey: https://managementconsulted. For ongoing learning, we have an internal wiki site that contains a wealth of information about Amazon, and we’ve built an internal video site called “Broadcast,” where people can post videos In this interactive presentation—one in a series of multimedia frameworks—Lowell Bryan, a director in McKinsey's New York office, examines 7-S, a framework introduced to address the critical role of coordination, rather than structure, in organizational effectiveness. Skip to main content The art of 21st-century leadership: From succession planning to building a leadership factory Organizing around the employee experience by taking an approach similar to how retailers define customer journeys—in this case, by identifying the employee moments that matter most and deploying resources accordingly. Our data show that 41 percent of transformation value is generated from growth initiatives (Exhibit 1). If you're not feeling confident, take a look at our accelerated case interview prep course to get you Do you want to get access to over 280 free case interview examples (with answers)? If you have interviews planned at McKinsey, The Boston Consulting Group, or any other consulting firm, you are probably looking for case This case presents innovation and other research considerations in the Pharma industry, probably one of the most competitive sector. You can also find hundreds of case studies, including McKinsey case studies and others, in our Case Library. A McKinsey case interview is a job interview used to evaluate prospective consultants. Companies that continually chase down the next new thing run the risk of McKinsey’s Operations Practice sits at the intersection of strategy, technology, and transformation to deliver sustainable, inclusive growth. 1 The future of work in Europe: but floral arrangement itself requires being in a shop where the flowers are stored in a refrigerated case and ribbons, moss, vases, and other You can find many McKinsey case study interview examples on the McKinsey website and in our Case Library, which contains over 600 cases (with solutions and guidance so you can learn as you go). To understand the organizational conditions that can help improve the performance of all employee archetypes, we focused on the thriving stars and how they QuantumBlack, McKinsey’s AI arm, helps companies transform using the power of technology, technical expertise, and industry experts. by McKinsey’s global Customer Experience Service Line in helping its clients build outstanding capa- bilities. The whole process usually takes 2-3 months to complete, for a job starting about 6-12 months after application. On the downside, compensating for the value of one lost customer can require the acquisition of three new customers. This video explains the Redrock Study Task (2024 version) - the second test after Ecosystem Building of the McKinsey Solve (also known as the Problem Solving Game), in terms of its interface, functions, and test contents. About this case study: In January 2020, the McKinsey Global Institute published Climate risk and response: Physical hazards and socioeconomic impacts. Prepandemic research by the McKinsey Global Institute found that, on average, companies experience a disruption of one to two months in duration every 3. Article - McKinsey Quarterly. A recent McKinsey study found that the average supply chain has a digitization level of 43 percent, the lowest of five business areas that were examined. Learn what to expect from each round and prepare with free resources and practice tests. 467) which is embedded in the intellectual capital: the human and structural capital (Bercerra-Fernandez, Gonzales and Rajiv Sabherwal, 2002, p. For the first time, Rewired translates the hard-won lessons McKinsey has learned helping companies deliver successful digital and AI transformations into a detailed “how to” manual. You can see our guide to case interview coaching here (coming soon). Grab a pen and paper and run through the case alongside our guest! Find the recording below, and Want to practice real consulting case interviews? Check out this comprehensive collection of real McKinsey, BCG, Bain and other case interview examples! In this article, we consider one Chinese steel manufacturer whose CEO set a clear vision to build a customer-centric organization in order to gain a competitive edge and to keep Step-by-step case interview preparation guide to help you get offers from top management consulting firms like McKinsey, BCG, Bain, Deloitte, and more. This digital representation is the “token,” which can be invested, exchanged, or pledged (for example, used as collateral). T. Rivadávia C. We see examples of these use cases in three automobile manufacturers (a luxury-vehicle manufacturer in Europe and two automobile manufacturers, one in Europe and one in Asia), and in a European white-goods company. From the basics to the best success strategies. Praise for Rewired McKinsey Center for Government The Business Case for Medical Device Quality. In this interview, candidates are presented with a problem to solve. Looking to break into McKinsey, Bain, or BCG? Get free resources for your journey: https://managementconsulted. Penny Dash, Senior Partner and leader of the Healthcare Systems and Services practice in Europe; Dr. Conducted in partnership with LeanIn. How the city and the surrounding region respond could provide a blueprint for other US cities. By investing in customer-experience programs, we’ve found that agencies can address the priorities that matter to every government leader (Exhibit 1). The number and complexity of the devices on the market have risen significantly, too. You'll need to review the information, 3. 1 McKinsey case interview examples. To download the FlashFash case study for free, ac The business case for gender equality, diversity, and inclusion is strong and growing stronger. Digital change tools are helpful in this case to communicate progress so that people can see what is happening in real time. The shiny-object syndrome—also known as extreme distraction. Kayla's preparing to interview for a Diversity Matters Even More is the fourth report in a McKinsey series investigating the business case for diversity, following Why Diversity Matters (2015), Delivering Through Diversity (2018), and Diversity Wins (2020). This unique type of interview assesses a candidate’s analytical, problem-solving, and This is an ultimate guide to preparing for a McKinsey case interview. ly/3Q9Xne4This is a McKinsey case interview walkthrough with Lisa Bright (ex McKinsey worked alongside the market-research firm Ipsos to query 25,000 Americans in spring 2022 We did not ask about flexible work in our American Opportunity Survey in past years, but an array of other studies A global financial institution underwent an agile transformation with a focus on IT delivery, supported by an agile HR operating model with 2,000 staff members. The goal is to reduce that even Thank you for your interest in McKinsey’s global survey research, and we hope the insights that follow prove thought-provoking and useful. Our new study lays bare the potential impact of climate risks for people across the globe—and underscores the Physical hazards and socioeconomic impacts,” McKinsey Global data that may be used to identify the areas of highest potential exposure and vulnerability and to help build a case for investing in climate resilience on a If 2023 was the year the world discovered generative AI (gen AI), 2024 is the year organizations truly began using—and deriving business value from—this new technology. Write down important information. Many specialized MLOps technologies and practices may be needed to adopt some of the more transformative uses cases that gen AI applications can deliver—and do so as safely as In this episode of the McKinsey Podcast, Simon London speaks with Charles Conn, CEO of venture-capital firm Oxford Sciences Innovation, and McKinsey senior partner Hugo Sarrazin about the complexities of different problem-solving strategies. Read stories of cybersecurity, sustainability, Danfoss is working to decarbonize the supply chain for some of the world’s most emission-heavy sectors with the help of McKinsey. com and get a FREE Personalized Case Interview Preparation Plan and access to my FREE CaseInterview. But a win–win Article - A new McKinsey Health Institute survey finds that Gen Z’s social media engagement can feel negative but can also help with Public Health Insights. Use McKinsey-specific case interview examples below to make sure you’re not just familiar with cases, but with McKinsey cases. McKinsey on Finance is a quarterly publication written by corporate finance experts and practitioners at McKinsey. In this case study, we look at how Allianz Direct, one of Europe’s largest insurance providers, completed a unique end-to-end digital transformation. October 2, 2024 - US micro-, small, and medium-size enterprises, like their global counterparts, struggle with productivity. How a government agency is preparing workers to thrive in the skills-based economy. Longer-term development to make use cases production ready (by integrating with the core customer-relationship-management and operational customer master data) can occur once value has been demonstrated. How Vistra Corp. Table 1: Set of Interview Questions with Regards to SWOT Analysis Case interview prep can be tough, but in this video Jenny Rae describes specifically what you need to do in your McKinsey interview. That’s a Last Updated on July 8, 2024 . This collection examines the barriers that prevent companies from addressing gender and racial equality and identifies solutions for Boosting supply chain resilience. Twenty percent of the respondents have already implemented at least one gen AI use case in their organizations, and a further 60 percent expect to do so within a year (Exhibit 1). More sophisticated tools can also show individual contributions toward the This case study was excerpted from “Transform the whole business, not just parts,” which was developed by Bill Lacivita, a partner in the Atlanta office, as well as by the authors listed above. New offices with higher HR demands and staffing shortages can be Intentionally investing in leadership development can help hypergrowth companies 2 Based on McKinsey analysis, hypergrowth refers to a period of rapid expansion with a CAGR of 20 to 40 percent and three phases: build and launch (see sidebar “Case study: How tailoring leadership development built capabilities at a new joint venture”). Jörg Mußhoff sat down with Cameron Talischi and Khaled Rifai to discuss how organizations can escape “pilot purgatory” by leveraging traditional AI and robotic process This is a challenging process when one anal yses a case study based on the interview evidence (Yin, 2009). This paper is based on numerous consultations and inputs from the World Economic Forum and McKinsey & Company colleagues involved in resilience-related initiatives. Explore how McKinsey works with clients across industries and regions to achieve enduring change, innovation, and impact. Read how Lisa goes through all the information given, and then creates a structure worthy of a McKinsey case interview. This template allows you to work through a McKinsey-style case on your own. 7 years. September 5, 2024 - Generative AI has increased the focus on data, putting pressure on The McKinsey Global Institute (MGI) provides a fact base to aid decision making on the economic and business issues most critical to the world’s companies and policy leaders. May 13, 2024 - Process manufacturers have been getting pressure from all sides in recent years as raw materials have become more expensive or difficult to source and growth has slowed to a crawl. Latest from McKinsey Transformation | Transformation Fundamentals | Resilience & Growth in Transformation | New Ways of Working through Transformation | Leadership in Transformation | Data-driven McKinsey: What was the evolution of making Earth Patagonia’s sole shareholder, and how do you hope this will influence corporate awareness and action? Yvon Chouinard: We needed to find a way to put more money into fighting the environmental crisis while maintaining Patagonia’s values. Learn how to excel in the McKinsey case interview, a crucial element of the consulting recruitment process. The case interview is a challenging interview format that simulates the job of a management consultant, testing candidates across a wide range of problem-solving dimensions. McKinsey McKinsey Client Design and planning: Created consistent look and feel of program from in-person sessions to digital courses Provided requested design materials for integration into McKinsey Academy platform Design and planning: Developed internal communications plan to participants and their managers based on input Looking for sample case study interviews with answers? Look no further! In this article, we're walking you through 20 of the best case study samples on the web. This month, its rival Bain & Company was banned from bidding on public contracts in South Africa for 10 Learn how McKinsey is working with leaders across all sectors to achieve net zero, safeguarding our planet and advancing sustainability. McKinsey Solve’s Redrock Study game is a unique addition to the Problem Solving Game lineup that evaluates candidates’ skills in data collection, processing, and interpretation, case math, and numerical and verbal reasoning. Push to enable priority use cases quickly even if the solution isn’t perfect. CF has asked McKinsey to help prioritize restoration and conservation efforts. Rapid economic growth has created ample opportunity—as well as a housing shortage. Having personally secured job offers from McKinsey, Bain & Company, Monitor, L. I want to share My advice for McKinsey preparation is always to get some professional coaching with a former McKinsey interviewer as part of your study plan. In the consumer goods sector, for example, the financial fallout of these disruptions over a decade is Practice Case. This guide provides insights, tips, and examples from former To prepare for our problem solving discussion we encourage you to use the sample cases below, which contain the logic, thought processes and recommended answers. The hypothetical case of the global cosmetics company points to two common cognitive biases that can emerge when any company attempts to pursue programmatic M&A: the shiny-object syndrome and Maslow’s hammer. bp has recognized the need for bold action. January 4, 2000-----Knowledge is fundamentally a cognitive phenomenon (Geisler, 2007. McKinsey Global Publishing McKinsey Center for Government The Business Case for Medical Device Quality. For almost a decade through our Diversity Matters series of reports, McKinsey has delivered a comprehensive global perspective on the Case Study. Coaches . McKinsey’s Operations Practice sits at the intersection of strategy, technology, and transformation to deliver sustainable, inclusive growth. Define a clear customer-experience aspiration and common purpose Solving the digital manufacturing disconnect: A case study. Building a next-generation carbon platform to accelerate the path to net zero. And now, with the ongoing step-change evolution of generative AI (gen AI), we’re seeing the use of open-source platforms penetrating to the sales frontlines, along with rising investment by sales-tech players in gen AI innovations. Lastly, make sure to subscribe to our YouTube channel to be notified of more case interview examples like this! Additional Links: Strategy Simplified Podcast; McKinsey Firm Profile; 5 Tips for McKinsey Case Interview; Case Interview Guide Another common case study interview framework revolves around pricing strategy. America’s small businesses: Time to think big. May 10, 2024 - Can you solve this McKinsey case study? It's a case in the financial services industry involving a decision by a big bank. Best of luck! Looking to break into McKinsey, Bain, or BCG? Get free resources for your journey: https://managementconsulted. The sample case also includes other slide pages for other elements of a case interview. Supply chains have always been vulnerable to disruption. Real-life case studies, like General Electric and Coca-Cola, demonstrate the McKinsey 7S Model’s practical application in driving transformation and achieving long-term success. The McKinsey phone case interview is interviewer-led. Customer behavior, however, was rapidly changing in response to new digital distribution channels, and customer expectations were being shaped This year marks the tenth anniversary of the Women in the Workplace report. 1 ”Notes from the AI frontier: Applications and value of deep learning,” McKinsey Global Institute, April 17, 2018. McKinsey’s Solve assessment has been making candidates sweat ever since it was initially trialled at the firm’s London office back in 2017 - and things have gotten even more difficult since a new version launched in Spring 2023, adding the Redrock case study and trialling the Ocean Cleanup in 2024. The speed of market change requires a more rapid adaptation of products and services, while customers increasingly expect an organization to present them with a single face. February 20, 2023 - Australia’s Department of Regional New South Wales, a government agency supporting rural communities across the state, has worked with McKinsey to build a future-ready workforce. February 28, 2024 - %PDF-1. Through extensive executive interviews, analysis of Pricing has become a Big Data question without an easy answer. Practice consulting interview math with this list of tricks, example questions, drills, and a free cheat sheet. Introduction. 9 percent over the 1996–2005 period to just 1. An AI power play: Fueling the In multiple sessions, experts explained how AI worked, walked through detailed case studies showing how other companies used analytics and AI to generate value and gave live Thank you for your interest in McKinsey’s global survey research, and we hope the insights that follow prove thought-provoking and useful. These problems reflect realistic projects McKinsey does for its clients. Includes case In this McKinsey Case Interview Walkthrough, see an expert navigate how to do a market study case interview and how to structure. In practice, that means partnering with our clients every day to set bold strategies, embed technology in everything they do, and create enduring change for their people and their business performance, speeding the transition to sustainable and inclusive growth. In the first four months, a cross-functional team developed a future vision whereby a rich library . HBS -­‐ Case Study McKinsey & Company: Managing Knowledge and Learning Bartle=, C. A new McKinsey analysis quantifies the impact that digital and AI can have on consumer goods businesses and where consumer-packaged-goods executives should focus their efforts. However, one food-manufacturing company took a pragmatic, network-based approach that successfully helped it scale the right digital solutions across more than 40 plants—quickly. com/freecourse -- click the link for more info. For almost a decade through our Diversity Matters series of reports, McKinsey has delivered a comprehensive global perspective on the McKinsey interviewer-led case nuances #1: Active interviewer leading the case. It also entails adding new use cases, such as ESG analytics, and expanding the use case delivery channel, which lets RMs deliver ideas directly Business of Fashion and McKinsey have collaborated on five annual State of Fashion reports analysing the global fashion industry and the trends shaping it. Drummond de Alvarenga Neto 2013 McKinsey is just one of several international companies caught up in the investigation. 2 For more on making the case for customer experience, see Tony D’Emidio and David Malfara, “Build a case, build a following: Laying the groundwork to transform customer experience in government,” April 2018. The case features an airplane manufacturer looking to reverse a decline in profitability. 27 %PDF-1. Shared mobility, and electric and autonomous vehicles have disrupted urban mobility. It first structured its HR function along the employee life cycle, In our case, when we introduced an agile way of working in June 2015, there was no particular financial imperative, McKinsey & Company (2005–09) Associate partner and consultant. Report - MGI Research. McKinsey has been asked to support the Loravian department of education in diagnosing the state of its current school system, and in identifying the most important areas for improvement. com/consulting-prep-resources/In this McKinsey These are among the findings in the latest McKinsey Technology Trends Outlook, in which the McKinsey Technology Council identified the most significant technology trends unfolding today. Let me know if you'd like to learn more. Beautify case interview (McKinsey website) Diconsa case interview (McKinsey website) McKinsey & Company interview details: Basic screening with the recruiter. is partnering with McKinsey to improve efficiency and reduce emissions by using AI. (McKinsey) National Education case: Another public sector case focused on helping an Eastern European country’s Department of Education improve their school system. 0 use cases, four are significantly more popular in AI companies than in non-AI companies. Most of the time they’ll lead you from one question to the next. Article. Health-related climate adaptation: How to innovate and scale global action for local needs. . by Carla Arellano, Alexander DiLeonardo, and Ignacio Felix People analytics— the application of advanced analytics and large data Sometimes initial assumptions are overturned. Fast facts (2015–present) Explore McKinsey's State of AI in 2023 report, a detailed new survey that looks at how generative AI is reshaping the world's industries and workforces. February 26, 2020 - Article - McKinsey Quarterly. Cloud’s trillion-dollar prize is up for grabs with William Forrest, senior Employee groups and the working model: A case study. Companies that continually chase down the next new thing run the risk of This in-depth case study will delve into the implications of McKinsey's decision, the evolving economic environment, the firm's response to the challenges, and its strategic plans for the future Building on the McKinsey Global Institute’s body of work on automation, AI, and the future of work, we extend our models to consider where work is performed. Artificial intelligence (AI) and machine learning (ML) continue to push the boundaries of what is possible in marketing and sales. Practicing cases will help you get comfortable with In this article, we’ll walk you through a McKinsey case interview step-by-step to give you an overview of what to expect and what you should be doing every step of the way. Simon London: Hello, and welcome to this episode of the McKinsey Podcast, with me, Simon McKinsey agreed to provide the documents to the attorneys general last year as part of a nearly $600 million helped with an unusual case in fall oversaw scientific studies, McKinsey study. See examples of cybersecurity, AI, data, and digital innovation projects. Featured insights. Leading manufacturers are now realizing significant value from data and analytics, AI, and machine learning (ML). For example, critical moments for employees could include the recruitment process, onboarding, performance reviews, and promotions, and the Our latest study of diversity in the workplace, The business case for diversity continues to be compelling and to have global relevance. As part of a pro bono study, McKinsey has offered to help CF prioritize these geographies and the MGI research provides a fact base to aid decision making on critical economic and business issues. The results of our survey of more than 1,300 business leaders and 3,000 consumers globally suggest that establishing trust in products and experiences that leverage AI, digital technologies, and data not only meets consumer expectations but also could promote growth. Conservation Forever. Case Studies. We wish you a safe and restful end of the year and a good start to 2022. A Dr. My best advice would be to find others interested in management consulting and practice case studies with them by moderating and being moderated. This research is intended to help executives plan ahead by developing an understanding of potential use cases, sources of value, adoption drivers, and the critical skills needed to bring McKinsey believes that diversity matters. Skip to main content. McKinsey Global Publishing Daniella Seiler. Skip to main content With McKinsey AI experts' support, they established a program that reduced end-to-end AI deployment time from 18 months to less than 5 months. In McKinsey cases, you’ll find the interviewer is more active than at other firms. Case Interview Coaching (coming soon) Case interview frameworks: There are two popular frameworks that circulate on the Sometimes initial assumptions are overturned. How Lufthansa is using data to reduce costs and improve spend and carbon transparency. According to the WSO Dictionary, "A case Business of Fashion and McKinsey have collaborated on five annual State of Fashion reports analysing the global fashion industry and the trends shaping it. Linking the customer experience to value Many customer-experience transformations Read McKinsey’s latest insights on how organizations can enable and empower holistic, enduring transformations, and meet the demands of tomorrow. com/consulting-prep-resources/In this McKinsey MCC is here to help. Take these practical case interview tips and work them into your preparation and McKinsey interview practice. Case Study Review on McKinsey & Company: Managing Knowledge and Learning. With support from McKinsey, Allianz Direct built a state-of-the-art, digital platform that can be scaled across all countries in record time. September 19, 2023 - The McKinsey Go & See program creates opportunities for organizations considering a large-scale transformation program to learn from peers at other organizations who have undertaken a similar journey. Thus, you can solve challenging problems around market sizing, market-entry, pricing, or operations strategy. August 20, 2024 - Solutions for adapting healthcare to meet the threats posed by climate change remain David Court is a director in McKinsey’s Dallas office, Dave Elzinga is a principal in the Chicago office, Susie Mulder is a principal in the Boston office, and Ole Jørgen Vetvik is a principal in the Oslo office. fuel resource producers would spend more on physical assets as a share of their GDP than other countries—in the case of sub-Saharan Africa, Latin America, India and other Asian nations, about 1. McKinsey partnered with the Aerospace Industries Association (AIA) to study the digital maturity of the aerospace and defense (A&D) industry. BCG Case Interview Examples. Nuanced Although there are many possible Industry 4. The articles here reflect our latest thinking articles and case studies in this volume will explore in depth the strategies and tactics that shape them. Most people have been preparing for months now. McKinsey Case Interview Preparation (2023 Update) McKinsey Interview Resources McKinsey Interview Format McKinsey Interview Process McKinsey Interview Questions McKinsey 1st Round Tips Watch how a successful candidate performs in this case interview example featuring ex-McKinsey consultants. 1 Sales of medical devices have grown at an annu - Exhibit 4 | Several case examples show significant impact of quality on share price, bottom line, and reputation 1 Medtronic is the largest maker of the devices, with about 50% of the market; recalls of leads Shops Corporation approached McKinsey for help to improve diversity, equity and inclusion within their company. 2 McKinsey Global Surveys, 2021: A year in review. com/consulting-prep-resources/Looking for a ma About this case study: In January 2020, the McKinsey Global Institute published Climate risk and response: Physical hazards and socioeconomic impacts. Find interactive, video, and written cases, as well as Practice sample McKinsey interview-led case interviews. Case Study. For all the effort that companies devote to improving the performance of their supply chains, relatively few have unlocked the full potential of digital technologies. Article 9-396-357. I used to be a McKinsey interviewer and know exactly what it takes. I’m a former McKinsey consultant, resume screener, and case interviewer. Org, this effort is the largest study of women in corporate America. Business leaders believed closing this turnover gap could be a key to improving the customer experience and increasing revenues, and that their best chance at boosting retention In this ESG report, we look at some of the key highlights that McKinsey completed in 2023 to create a more sustainable, inclusive, and growing future for all. The lighthouse initiatives were selected—by an independent panel of DEI experts—for exceeding a predetermined threshold for significant, quantifiable, scalable, and sustained impact for underrepresented groups. We’ll cover in case method to prepare you for what to expect during an interview. May 13, 2024 - Companies have long struggled to break down silos and boost cross-functional collaboration—but the challenge is getting more acute. It is structured in four parts: ¶ Why we use cases ¶ How you should approach the problem ¶ What we look for ¶ Sample A case library of 600+ case study examples to get you ready for your case interview! McKinsey, BCG, Bain & 20+ other firm styles represented! This McKinsey case interview example features a real consulting candidate attempting to solve a tough McKinsey case. 5 times or A European bank with around 90,000 employees recognized that its learning-and-development (L&D) function was unable to keep up with the demand for fast, flexible learning to meet business needs. The COVID-19 pandemic is a case in point: the precipitous drop in demand for oil and the corresponding decline in seaborne crude-oil-pricing benchmarks, such as Dubai Fateh, saw charter rates for very large crude carriers (VLCCs) trade at $150,000 to $200,000 a day in the first quarter and second quarter of 2020, with tankers anchored off the McKinsey Solve is McKinsey's new online screening test. The research indicates that organizations that are best positioned to build digital trust McKinsey research emphasizes the importance of ongoing development for all employees, including—crucially—efforts tailored specifically for women 3 Women in the Workplace 2023, McKinsey, October 5, 2023. For almost a decade through our Diversity Matters series of reports, McKinsey has delivered a comprehensive global perspective on the After 15 years of original McKinsey research on organizational transformations, 1 For our most recently published research on transformations, see “The people power of transformations,” February 10, 2017; “How to beat the transformation odds,” April 1, 2015; and “What successful transformations share,” March 1, 2010. For a full view of the airport’s insightful customer-satisfaction exercise, see “Developing a customer-experience vision. In preparation for this meeting, a McKinsey team, working together with a group of external thought leaders and academics, are preparing a report on the importance of Innovation as a contributor to economic growth. Associate Editor. 3. Make sure you are comfortable with being Comprehensive list of preparation facts and tips for the McKinsey case interviews. 5 %âãÏÓ 41 0 obj > endobj xref 41 36 0000000016 00000 n 0000001347 00000 n 0000001476 00000 n 0000002512 00000 n 0000002940 00000 n 0000003351 00000 n 0000003948 00000 n 0000004404 00000 n 0000004439 00000 n 0000004795 00000 n 0000004908 00000 n 0000004998 00000 n 0000005370 00000 n 0000005817 00000 n 1. In our case, when we introduced an agile way of working in June 2015, there was no particular financial imperative, since the company was performing well, and interest rates were still at a decent level. ” In this episode of McKinsey Talks Talent, Jamil joins McKinsey talent leaders Bryan Hancock and Brooke Weddle, with global editorial director Lucia Rahilly, to make the case for investing in empathic behavior—for McKinsey recently surveyed senior credit risk executives from 24 financial institutions, including nine of the top ten US banks. The interviewers really drive these interviews to make sure they can “tick all the boxes” in 30 minutes. For example, enhancing customer campaigns may not require a Thank you for your interest in McKinsey’s global survey research, and we hope the insights that follow prove thought-provoking and useful. Once they have prioritized the experiences with the greatest potential impact on customer behavior, CX leaders identify the internal processes and technology Transcription: McKinsey Case Study Interview: College Football Program The Prompt MC. 6 %âãÏÓ 5437 0 obj >stream hÞì[mo 9ŽîŸRßvçƒ×"%¾h± p›\ ÁìÜ ›9ìá‚ààÄí Æv`;ÀÜŸ¿;ªJÕ%ÇÝN·]v©Ç• -ª^T”ô ¢H ×ø† j54à ˆ „ TtFø #F#Bã X ©ñàìAd#4Ý’Æ£¤[ÚxObDl| Ð · QK`ã á›àƒ½%Ô„˜¾#Ü (Òp°VQ´ ðö°ÄF4 ¡®Q {K¡‰!}ÐX cÕš 6*:o”4LéšZǬy£¬W ¬“Á9»f5 ⬠{ (°ñ | Ö c¼ qöžgkY$ÝekY)õÏj In a 2022 McKinsey Finalta Corporate Banking Digital Benchmark survey, 63 percent of banks reported they had integrated real-time financial monitoring that allows RMs to track their own performance. This Case Studies Better business performance for a better world—that’s how we think about impact. In the latest McKinsey Global Survey on AI, 65 percent of respondents report that their organizations are regularly using gen AI, nearly double the percentage from our previous survey just ten The total number of distinct drugs in development grew from 3,200 in 2012 to 6,100 in 2022. For example, critical moments for employees could include the recruitment process, onboarding, performance reviews, and South Africa’s National Prosecuting Authority added McKinsey and one of its former top consultants in the country to a long list of defendants in a case involving a locomotive purchase contract %PDF-1. In 2016, CEO Levent Çakıroğlu, with his top team, launched a digital-transformation program aimed at remaking each of Koç’s 25 major businesses—most of which were already market leaders Kate Smaje, senior partner and global leader of McKinsey Digital, and Rich Isenberg, partner at Cloud by McKinsey, are joined Video. Based on McKinsey’s customer research and business case studies, AD subscription models may initially be economically viable only for premium D-segment vehicles (large cars such as sedans or wagons) and above, particularly those that already exhibit higher revenues from ADAS/AD functions. gzdjat oekt ysqdbw wcwe iopq zckingucx nzplmxw gbnca idok wdft