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586: Productivity is core operations (Case Interview & Management Consulting classics)

586: Productivity is core operations (Case Interview & Management Consulting classics)

FromCase Interview Preparation & Management Consulting | Strategy | Critical Thinking


586: Productivity is core operations (Case Interview & Management Consulting classics)

FromCase Interview Preparation & Management Consulting | Strategy | Critical Thinking

ratings:
Length:
5 minutes
Released:
Jun 19, 2023
Format:
Podcast episode

Description

For this episode, let's revisit a Case Interview & Management Consulting classic where we speak about productivity. In brainstorming the interviewer is looking for your approach to define an objective function, understand the direct drivers of the function, prioritize the drivers and explain how to manipulate them. There is only one definition for productivity and that is formally used in all studies. Productivity is the total value of outputs over the total cost to deliver those outputs. Other definitions are derivations which assess narrow areas only. A candidate will struggle to understand operations cases unless they understand the concept of productivity. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo
Released:
Jun 19, 2023
Format:
Podcast episode

Titles in the series (100)

Firmsconsulting maintains a 80% success rate at placing clients within McKinsey, BCG and Bain. This is the highest in the industry and the rate is higher if we include other firms. We achieve this rate because we only use former partners from McKinsey, BCG et al to develop our clients. This makes us unique. Our podcasts have been downloaded over 2 million times worldwide and we rank in the Top 10 career podcasts in most countries. Opt-in to our newsletter at www.firmsconsulting.com to receive free sample Insider content that we share nowhere else. This podcast discusses some, but not all, the techniques used in our highly successful program "The Consulting Offer" where we take real students and train them for interviews, and publish all the videos online. In 5 seasons, the show has succeeded to place a candidate. Alice Zhou, Felix, Jennifer Nwankwo, Sanjeev & Assel are all successful participants of this program. www.firmsconsulting.com www.strategytraining.com