Consulting Basics
What is the primary goal of a consulting firm?
To provide expert advice to help businesses solve problems and improve performance.
Who is known as the "Queen of Pop"?
Madonna
What is the primary purpose of a case interview?
To assess problem-solving and analytical skills.
Who was the first President of the United States?
George Washington
What is the capital of France?
Paris
What do consultants typically do for their clients?
They analyze business problems, provide recommendations, and help implement solutions to improve performance.
In what year did the movie "Titanic" release?
1997
Name one common framework used in case interviews.
SWOT analysis, Porter’s Five Forces, or the 4 Ps of Marketing.
In what year did World War II end?
1945
What is the hardest natural substance on Earth?
Why do companies hire consultants instead of solving problems on their own?
Companies hire consultants for their expertise, an outside perspective, and to solve problems they might not have the skills or resources to address internally.
Which artist released the hit song "Blinding Lights" in 2019?
The Weeknd
What does "MECE" stand for in consulting?
Mutually Exclusive, Collectively Exhaustive.
Which ancient civilization built the Pyramids of Giza?
The Egyptians.
In what sport would you perform a "slam dunk"?
Basketball
What is the first step a consultant takes when starting a new project with a client?
Understanding the client’s problem through data collection, interviews, and analysis.
What TV series follows the story of a chemistry teacher turned methamphetamine manufacturer?
How would you structure a market-sizing question in a case interview?
Break the market into smaller segments and estimate each one, then sum them up.
What was the name of the ship that famously sank on its maiden voyage in 1912?
The Titanic.
What is the smallest country in the world by area?
Vatican City
What skills are important for a consultant to be successful?
Strong analytical skills, communication, problem-solving, teamwork, and adaptability.
Who won the Best Picture Oscar in 2020?
Parasite.
In a profitability case, what two main factors would you analyze?
Revenue and costs.
Who was the first female Prime Minister of the United Kingdom?
Margaret Thatcher.
What is the rarest blood type in the world?
AB Negative