Strategy Simplified

Strategy Simplified

When we asked Fortune 1000 managers what skill differentiated a top performer, "a focus on what is important" was the #1 answer. The ability to identify what is most important separates strategists from analysts. Welcome to Strategy Simplified - we slice through business jargon to get to the simple heart of business strategy. Hosted by the senior leadership team of Management Consulted - ex-Bain consultant and successful tech entrepreneur Jenny Rae Le Roux, MC COO Namaan Mian, and ex-McKinsey Engagement Manager Stephanie Knight - Strategy Simplified uses case studies and conversations to apply business strategy concepts. What does Disney's cost structure tell us about Disney+? Can Uber ever be profitable? What does an iced coffee company have to do with U.S. car manufacturers? Enter the world of Strategy Simplified and find out.

Episodes

August 5, 2022 38 min

Palm Tree is back! We're excited to share this conversation with Rouzheen Myrick, SVP, with you. She shares about the M&A advisory firm's practice areas, what type of candidate the firm is looking for, what it means to "stay frosty," and so much more.

If you're looking for a challenging consulting role serving the M&A industry, Palm Tree may be the perfect fit for you. You'll develop a unique skill se...

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Mental math is a major hurdle to case interview mastery for many candidates, but it's a critical skill to master because of the quant-focused nature of consulting. In this episode, Jenny Rae - former Bain consultant - shares 8 tips and tricks to help you become a case math pro.

Need mental math help? Join the Case Math Intensive on August 16; it's a 3-hour live training on mental math for case interviews, led by an ex-McKins...

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Gigi Wong joined L.E.K. Consulting as a summer intern in 2013, crushed the experience, then stuck around to become a Managing Director/Partner. In this episode, you'll hear about her internship experience, why she stayed, and much more:

  • What a summer internship at L.E.K. is like
  • How the firm structures engagements
  • Ways L.E.K. supports intern and full-time employees
  • Current internship opportunities
  • Entry points to L.E.K.
  • Average tenur...
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    The STAR Method is an effective way to structure your answers in behavioral interviews. We also quickly talk about CAR, the STAR Method's simplified cousin. In this episode, we're covering:

  • What does STAR stand for? (2:13)
  • Why is the STAR Method important? (3:17)
  • When to use the STAR Method (4:05)
  • STAR Method interview questions and answers (7:54)
  • Additional Links
    Break into consulting with MC's Black Belt interview prep prog...

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    Welcome to another case interview walkthrough. This episode features Adeniyi, a PhD candidate transitioning from academia to strategy consulting. The interviewer is Maxime Betas, ex-McKinsey consultant.

    The case involves an investment fund considering investing in a grocery delivery app. Go or no-go? Listen now to hear the recommendation Adeniyi gives.

    Additional Links
    View the exhibits from the case: EXHIBITS
    Break into consulting wi...

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    In this episode, Stephanie - in real time - tackles a BCG-style chatbot case. Can she solve it?

    Listen as she breaks down what chatbot cases are (3:35), runs through the case (16:54), and finally, breaks down her performance (35:56). The link for the video screenshare of the walkthrough is below.

    Additional Links
    Watch Stephanie walk through the case on video: VIDEO
    Solve the chatbot case from this episode: FREE CASE
    Purchase the chatbo...

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    Keith Bevans, Bain Partner and Head of Consultant Recruiting, is back on Strategy Simplified to talk all things recruiting. In this fun conversation, we cover:

  • The state of the consulting industry (3:43)
  • Who is eligible for consulting and back-office roles at Bain (hint: more types of profiles than you'd think) (6:30, 12:34, 21:14)
  • Bain's hiring targets for 2022 (17:00)
  • When to apply for consulting roles (23:39)
  • Bain's appro...
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    Learn about open roles at L.E.K. Consulting: L.E.K. CAREERS

    The McKinsey Problem Solving Game (PSG), now known as Solve, is the firm's latest twist on its recruiting process. It's a digital screening assessment designed to test candidates' cognitive abilities.

    In this episode, we break down the rationale behind the game and methods to prepare.
     
    Additional Links
    Questions about consulting recruiting? Our team has answers: RE...

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    Learn about open roles at L.E.K. Consulting: L.E.K. CAREERS

    In this episode, we're joined by Maria Steingoltz, a Managing Director at L.E.K. Consulting. She shares with us about the firm, the work it engages in, and a case study from a recent client engagement.
     
    From the case study, you'll learn learn how the generalist strategy consulting firm approaches ambiguous problems, structures engagements, staffs project teams, and t...

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    Learn about open roles at L.E.K. Consulting: L.E.K. CAREERS

    Brendan Mullen is the Managing Director of Secha Capital, a Private Equity fund in South Africa. The fund takes a unique hands-on approach to the businesses they invest in through an operator-investor model.

    The firm is actively hiring and is specifically looking to add management consultants to the team. If interested, check out Secha's website or reach out to Brendan d...

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    Learn about open roles at L.E.K. Consulting: L.E.K. CAREERS

    Welcome to another case walkthrough on Strategy Simplified. Today, Carrie Holland (ex-McK, ex-Google) walks an MBB candidate (MD) through a financial services case.

    To maximize your learnings, pull out a pencil and piece of paper and follow alongside. Out-loud practice is the most effective way to case prep!

    Additional Links
    Get ready for case interviews - join Black Belt case...

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    As we wrap up this Intro to the Case series, we're talking about the final recommendation. The final recommendation is an opportunity at the end of a case interview to provide a concise, clear, and structured recommendation to answer the case objective.

    It's one of the most critical pieces of the interview, because it's the interviewer's last impression of you. Make sure you finish strong by listening to this episode...

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    Varun Madan made the leap from consulting in India with McKinsey to Deloitte in the U.S. through a series of strategic moves. If you're an international candidate or consultant wanting to transition to the U.S. - listen up! This episode is worth its weight in gold.

    Varun also shares some bomb recruiting tips from his 10+ years in the industry.

    Additional Links
    Join Black Belt case prep program: LEARN MORE
    Submit a question for ...

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    Brainstorming questions in a case interview are an opportunity for you to showcase creativity, business acumen, and structure. Today, Stephanie shares how to structure your approach to brainstorming questions. Ready to crush your interviews? Listen up!

    Additional Links
    Join Black Belt case prep program: LEARN MORE
    Work with an MBB coach to practice brainstorming questions: COACHING

    Sponsor an episode or advertise: Management Consulted ...

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    June 17, 2022 54 min

    Applying for consulting roles this summer but not sure where to start your preparation? This episode is for you. We cover:

  • An overview of case interviews
  • A 4-week interview prep plan
  • Checkpoints to hit between now and interviews
  • Case prep resources
  • Follow along with the slides from this presentation here.

    Additional Links
    Join Black Belt case prep program: LEARN MORE
    Free market sizing drills: DRILLS
    Free case interview course: COURSE
    Subscr...

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    In the 3rd episode of this Intro to the Case Interview series, we're talking all things mental math - how to approach it, how to drive to insights, and how to translate charts and graphs.

    Additional Links
    Join Black Belt case prep program: LEARN MORE
    Case coaching with ex-MBB consultants: COACHING

    Sponsor an episode or advertise: Management Consulted Media Kit

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    Group case interviews are a tough variation of the traditional case interview where the interviewer is watching how you operate in a team setting. In this episode, Jenny Rae (ex-Bain) shares what group case interviews are like and how to prepare.

    Additional Links
    Join June Black Belt cohort: LEARN MORE
    Case interview Bootcamp - 32 lessons on how to solve case interviews: BOOTCAMP
    Contact the Management Consulted team: EMAIL US

    Sponsor a...

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    For the 2nd installment of our Intro to the Case Interview series, we're teaching how to build effective case frameworks. If frameworks keep you up at night, you just may leave today being able to sleep better.

    Additional Links
    Join June Black Belt cohort: LEARN MORE
    Case coaching with ex-MBB consultants: COACHING

    Sponsor an episode or advertise: Management Consulted Media Kit

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    In this episode, we get to hear from former BCGer Ryan Smith. Ryan got his start as an entrepreneur/business owner. He then ventured into the recruiting space before discovering consulting via the TV show House of Lies. That led him to pursue a business degree at UVA Darden which enabled him to land the role at BCG.

    Now? He leads strategy teams at Fannie Mae. Listen for insights from his journey, a day-in-the-life in consulting, and...

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    In this new series, we're teaching on the 5 core pieces of the case interview. Starting at the beginning, ex-McKinsey Engagement Manager Stephanie Knight walks through how to crush the opening sequence.

    Listen as she breaks down the 3 steps that comprise the case opening: the background (2:39), recap (4:48), and clarifying questions (8:29).

    Additional Links
    Join June Black Belt cohort: LEARN MORE
    Case coaching with ex-MBB consultan...

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