Frameworks
This framework breaks profit into two pieces: revenue and costs.
What is the Profitability Framework?
Consultants use this type of question to clarify scope at the start of a project or case.
What is Clarifying Questions?
Profit = Revenue - ____
What are the 3 areas of work in RCG?
What is Case Creation, Client Work, and Research?
This framework looks at five forces like rivalry and new entrants to judge industry competition.
What is Porter's Five Forces?
In consulting, this is the final product or work your team gives to the client, like a slide deck, report, or recommendation.
What is Deliverable?
Revenue = Price × __________.
What is Volume/Quantity?
What is RCG's main communication platform?
What is Slack?
Assesses fit for acquiring or merging with another company.
What is M&A?
In case math, this concept helps determine the financial breakeven point by dividing fixed costs by contribution margin.
What is the Break-Even Formula?
Name the two main types of costs - and provide examples?
What are RCG's 3 value pillars?
What is 1) Exploration, 2) Learning/Growth, 3) Application?
The principle of structuring information into mutually exclusive and collectively exhaustive buckets is known as this famous acronym.
What is MECE?
This spreadsheet tool is used for models, charts, and cleaning data.
What is Excel?
A restaurant has $10,000 in fixed costs and makes $10 profit per meal. Break-even meals = ______.
What is 1,000 meals?
Who was one guest speaker we had at this semester's Guest Panel Event?
What is: Elena Curley, Ryan Love, Jack Arnold, Farheen Saiyed, Mary Xakellis, Thomas Davison, Isabella Vitacco
A complex framework consultants use to assess whether a company should enter a new market by analyzing market attractiveness, capabilities, financials, and risks.
What is the Market Entry Framework?
A specialty coffee chain is experiencing declining profits even though revenue has increased by 12% over the past year. As a consultant, what three areas would you first break the problem into to identify the root cause?
What are 1) cost structure, 2) product mix/average unit economics, and 3) store operations (efficiency/capacity)?
The RCG team sells Loyola merchandise to raise money. Each hoodie costs $25 to produce and sells for $40. If they sell 100 hoodies, what is their total profit?
What is $1,500?
Who are the partners of RCG and their positions?
What is: Snehil (president), Hannah (ops), Dania (BusDev), Avery (finance), Lorena (marketing), Andrew (research), Brady (education)?