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Find more about the 5 Ways To Be MECE at www.craftingcases.com/MECE
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The MECE principle (Mutually Exclusive, Collectively Exhaustive) is the most famous principle in management consulting.
It is used every single day by McKinsey, BCG and Bain consultants to structure their client's problems just like you see in case interviews.
When I was preparing for my case interviews I was constantly afraid I was not being MECE when solving my cases. Everyone told me that I should be MECE: Victor Cheng, Case in Point, and all the other "experts".
But one thing they did not tell me was HOW to be MECE.
In this video, I'm sharing with you The 2nd Way To Be MECE: Process Structures. This means you're using the stages of a process that underlies the problem to create your MECE structure.
This video is a follow-on from another video, The 5 Ways To Be MECE, which are 5 practical techniques you can use to create your own customized frameworks.
Process Structures are the least used core structuring technique, but one that will get you out of a ton of difficult situations.
They're the first thing that comes to mind every time a management consultant from McKinsey, Bain, BCG and other top consulting firms has to solve an operational problem: a hiring problem, a sales problem, a manufacturing problem.
But you can also use process structures for problems that you wouldn't think have an underlying process to them. Pollution, migration, customer satisfaction, for example. These things don't have a formal process assigned to them but they do have things that usually happen to them that are usually in a certain order.
And breaking down this process is a quick, intuitive way to make a mutually exclusive, collectively exhaustive structure to solve those cases.
Tell me in the comments if you've liked this video and what you've liked about it.
Table of contents (so you can find stuff later in the future):
01:56 - Examples of Process Structures
08:44 - How to use Process Structures
17:24 - Things to be aware of when using Process Structures
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Hope the best for your case interview preparation and I'll see you on the next video :)
Bruno
Music in the video:
"Funk Game Loop" Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
http://creativecommons.org/licenses/by/3.0/