Quote by Victor Cheng Download Open image ““The only reason you use a framework or issue tree is to test a hypothesis!”” — Victor Cheng ★ ★ ★ ★ ★ 4.2 out of 5 (3 ratings) Copy quoteShare
“I can’t emphasize enough how critical it is for you to realize that a framework is really just an issue tree, and an issue… — Victor Cheng Copy Share Image
“Remember, using the framework is not the goal. Testing the hypothesis is.” — Victor Cheng Copy Share Image
“Once you have enough insight to state a refined hypothesis, you’ll want to do one of two things: (1) Work through the rest of… — Victor Cheng Copy Share Image
“The final test of a valid issue tree is to ensure that using it will produce relatively conclusive results. What I mean by this… — Victor Cheng Copy Share Image
“If analysis of a branch disproves the hypothesis, you should revise your hypothesis, reconsider what framework or issue tree is needed to test the… — Victor Cheng Copy Share Image
“You want to run this conclusiveness test on each branch of your issue tree (to see if perhaps that branch should be defined differently… — Victor Cheng Copy Share Image
“It may be tempting to work through the framework diagram mentally and ask all the questions it lists. But by now, you know this… — Victor Cheng Copy Share Image
“You will do one of two things as soon as you’ve exhausted what you can determine mathematically in the case: (1) Refine your hypothesis… — Victor Cheng Copy Share Image
“If you’re doing the analysis correctly, you are constantly drilling down one branch, discovering it’s not valid, revising your hypothesis (and often the branches… — Victor Cheng Copy Share Image
“This process-of-elimination approach ends once you’ve proven every branch of your issue tree (which may have been revised several times) and can logically conclude… — Victor Cheng Copy Share Image
“When you move down your tree, keep in mind there may be multiple variables contributing to the failure.” — Nat Greene Copy Share Image
“Once this happens, no matter where I am in the framework, I immediately synthesize, revise my hypothesis, and determine what is the least amount… — Victor Cheng Copy Share Image
“If there isn’t any obvious segmentation pattern, avoid stating the segmentation pattern you want to see. Instead, phrase your question such that the interviewer… — Victor Cheng Copy Share Image
“Consultants use four tools to solve clients’ biggest problems. You can use the exact same tools to tackle any type of case interview: Hypothesis… — Victor Cheng Copy Share Image
“You will do one of two things as soon as you’ve exhausted what you can determine mathematically in the case: (1) Refine your hypothesis… — Victor Cheng Copy Share Image
“(In practice, most consultants will try up to 20 segmentation patterns and discover the most insightful one only through trial and error.)” — Victor Cheng Copy Share Image
“the rest of the industry is experiencing some kind of growth—either more accounts or more billings per account. Is comparable data for the rest… — Victor Cheng Copy Share Image
“Nothing you said in your synthesis supported your point on unwinding Program B. You need to say, “After the short-term crisis has passed, it… — Victor Cheng Copy Share Image
“The rest of the industry appears to have grown sales by 10 percent, with profits growing proportionally. This indicates that the industry-wide profit margin… — Victor Cheng Copy Share Image
“The Mergers and Acquisitions Framework You might use the mergers and acquisitions framework to address cases in which one company wants to acquire or… — Victor Cheng Copy Share Image
“This structure synthesizes what you know, indicates what else you need to know, and lays out your plan to address those remaining issues. Use… — Victor Cheng Copy Share Image
“the consultant’s process was the exact process consulting firms value. It was linear, logical, and based on facts (and reasonable estimates of them); it… — Victor Cheng Copy Share Image
“In consulting, you always pick and choose your words carefully, because you need to be able to back up anything you say. If you… — Victor Cheng Copy Share Image
“The framework consists of four key components. I draw this framework as four distinct boxes, but you could quite easily redraw it as an… — Victor Cheng Copy Share Image
