Pdf harvard business school management consulting club. A merger is a combination of two companies where one corporation is completely absorbed by another corporation. A merger extinguishes the merged corporation and the identit. In addition, the stepbystep implementation guide for those frameworks helped me a lot to really use the frameworks in my case interviews. If youve done any research on case interview frameworks, youll find that my approach is a bit different than what you might see elsewhere other case interview prep resources often will give you dozens of frameworks to use in your preparation. This document provides a guide and framework for best practice in post merger integration. Here, you just need to remember this simple description.
It may be in the form of merger, amalgamation, absorption, joint venture offer, asset acquisition, tender offer. Should toyota accept a proposal by tesla to jointly develop a new suv model of electronic vehicle rav4 ev. The problems you will encounter are not designed to be brainteasers, or theoretical problems designed to stump you, but rather to reflect the challenges that our clients face. Fixed cost price variable cost debt ratio total debt total assets debttoequity ratio total debt total equity four cs marketing from a customers point of view. It is almost impossible to cover all these aspects in a 40mins case interview. Vault guides to the case interview, to consulting online sources consulting company websites offer practice cases and advice. Many questions about entering a new market are also merger and acquisition questions. Pdf frameworks, actual cases and communication of food.
Mergers and acquisitions framework post author by mike ni. During a case interview, an interviewer presents a situation or case. You should develop a framework for assessing case interview questions which can be. Jul 03, 2014 i am a former mckinsey consultant and the founder of the platform management consulting prep. Use features like bookmarks, note taking and highlighting while reading consulting interview case preparation. The case interview guide rotman school of management. How to prepare for a case interview what is a case interview. Be careful not to force a framework onto t he problem.
Integration handbook 2017 postacquisition integration handbook. It assumes you already know that it is a good idea and the question is whether or not this particular target company is good fit. A case interview is a way for us to discuss cases based on our client work. Case interview topics several selfproclaimed consulting gurus have made fortunes out of creating notionally comprehensive lists of a dozen or so case types and then selling a readymade recipes for each apparently able to solve all instance of each case type. Consulting case interview demonstration and commentary. A framework for merger integration capability assessment. How to prepare for a case interview mcgill university.
An entrepreneur may grow its business either byinternal expansion or by external expansion. Beginning the postmerger integration process its the third and final step of the merger process that most know the least about postmerger integration, in corporate speak. Its very important that you think of both of these, opening and solving the case. Francis this paper organizes a variety of existing strategy theories, typologies and models into a framework that can be used to analyze and validate the investment thesis for a proposed acquisition by a. This analysis is crucial since the outlook of the industry might overshadow the targets ability to play in it. Harvard business school management consulting club case interview guide harvard business school management consulting club case interview guide. The case interview guide part iii the case study interview the case study is a very important part of the interview process. A merger can take place either as an amalgamation or absorption.
Mergers and acquisition case interview demo video 11 of 12. Companies during pre and post merger analyzed 17 companies as a sample out of 58 to study the impact of merger on the performance in indian manufacturing sector from 2000 2002. Strikingly 9 out of 10 candidates say their single largest issue in solving case interviews is getting the structure right. The processes are designed so you know what to do and when to do it. It is most definitely true that you cant crack a realistic interview case by relying solely on standardized frameworks but all those business frameworks and concepts are extremely helpful templates which you can put into your toolbox and use them if not to the full.
A framework is a structure that helps you organize your thoughts and analyze the case in a. If the two companies combine their businesses and shareholders, it is regarded as a merger. The number one mistakes candidates make in case interviews is. Merger when two or more companies decide to combine their business by forming a single company it is called merger. It tests whether you possess the skills that are required to make a good consultant the ability to think on your feet, to structure problems and make good recommendations. Postacquisition integration handbook l l 8 l baker mckenzie experience has taught us that the key to developing an effective postacquisition integration plan, implementing it successfully, and overcoming the inevitable challenges, is the early identification of the overriding strategic and business.
I can agree with the existing answers only to a small extent. A case study of a merger in chinese higher education by yinmei wan a dissertation submitted in partial fulfillment of the requirements for the degree of doctoral of philosophy education in the university of michigan 2008 doctoral committee. However, a general understanding of the various frameworks. Study case interview frameworks flashcards from david talagas class online, or in brainscapes iphone or android app. Our interactive case site gives you the opportunity to practice a number of cases as you prepare for case. The frameworks are meant to be very practical, actionoriented, metricsdriven and clear as you walk through the the case process in your interview, giving you market sizing case questions. Result showed a positive impact on the performance.
The ivy case system is the most sensible and comprehensive case interview strategy you can learn. Preparing for the case interview deloitte us careers. It is a perfect overview of case interview frameworks with the right level of detail in order to really understand the concept behind. Keep in mind that case questions help educate you during your job search by acting as a selfimposed screening device.
The consulting case interview can be a daunting task, especially when it involves an unfamiliar industry or business problem. Framework for a mckinsey, bain, bcg acquisition case youtube. You are technically calculating the npv of the company but this calculation likely is not going to be asked in the case interview. Post merger integration leader and acquisition success. All business problems can be reduced to one of these case types and each type of case can be solved by using generic frameworks. Most mergers and acquisitions are friendly, but a hostile takeover occurs when the acquirer bypasses the board of the targeted company and purchases a majority of the companys stock on. Case interview mece framework shapes how consultants in the mbb approach their clients problems and figure out an effective and comprehensive solution.
Once its clear why the client is interested in acquiring a particular company, start by looking at the industry the client wants to buy. Case interview frameworks templates for drawing great. Discuss in detail about six important frameworks required for approaching any business problem. Post merger integration through business process management. Dont be afraid to create your own framework, as long as it is logical, appropriate and transparent to the interviewer. Try to determine its strengths and weaknesses see swot analysis and perform a financial valuation to determine the attractiveness of the potential target. Case interviews, killer frameworks nevin kamath and ivy exec. In the case of internal expansion, a firm grows gradually over time in the normal course of the business, through acquisition of new. Frameworks may or may not be appropriate for the case you are given. Acquisitions occur when a larger company takes over a smaller one. As a result, thousands of firms face the challenges of post. Clearly, judging from the various statistics charts found in the appendix, there is a considerable amount of companies in the united states which believe that a merger will increase their companys value. What is the most efficient way to learn frameworks for a case. Mergers occur when an organization is obtained with the goal of consolidating with one or more organizations to create a bigger corporate substance.
Our presenter, nevin kamath, founder of the case coach, and a former consultant with mckinsey, helps elite professionals, mbas, and phds prepare for case interviews. Case interview frameworks flashcards by david talaga brainscape. Jun 20, 2012 in this webinar, you will learn strategy frameworks that will help you succeed in your next case interview. To overcome uncertainty, many recruits begin their analysis by using offtheshelf frameworks, like the 3 cs, the 4 ps, porters 5 forces, and so on.
Should comcast accept a partnership with netflix in which netflix will pay comcast for faster and more reliable access to comcasts subscribers. To determine if mergingacquiring is a good idea, use. In reality, few case interviews or reallife business situations cover just one concept. An exploratory case study article pdf available in communications of the association for information systems 431. Chapter 2 conceptual framework of merger and acquisition. You will then need to choose a framework or analysis tool to structure your hypotheses see sample. According to one study cited, eightythree percent of mergers and acquisitions fail to create their intended value.
A framework for understanding postmerger information systems. Frameworks, actual cases and communication of food recalls in germany and france in 20072008 research pdf available july 2015 with 158 reads how we measure reads. After analyzing the target industry, understand the target company. Framework for a mckinsey, bain, bcg acquisition case. I have a question regarding a case i had in an interview with at kearney last month. Once you will have laid out your framework, your interviewer will then typically make you focus on a specific area of the framework for the rest of the case. Cases can help us assess a candidate across multiple dimensions, and your answers should project clear thinking, practical judgment, and a professional demeanor. Post merger integration is the process of combining two separate companies in a way that quickly creates the most value and fulfils the expectations outlined in the acquisition vision. Today, were going to finally wrap up that dell lbo case study that began months ago. Draw out as mece mutually exclusive, collectively exhaustive a framework tree. Under the list of documents, you can add the entire toolkit to your shopping cart by clicking the add all to cart button in green.
An acquisition case which demonstrates the challenges of breaking out benefits and costs in a deal. What is the best way to learn frameworks for my case interview. Case interview marathon workshop victor chengs case interview core frameworks v1. This master thesis, a framework for merger integration capability assessment a case study at biotage, was carried out at the stockholm university school of business and in cooperation with biotage. Case interview frameworks in hd video masterthecase. If one company takes a controlling interest in the other, it is regarded as an acquisition.
This information is provided to you for free for noncommercial use. The less important company losses its identity and becomes part of the more important corporation, which retains its y. An introduction to frameworks of consulting case study training before we look at individual cases, it is important to begin by looking at analysis frameworks that commonly can be used to address case study questions. Post merger integration pmi best practice framework. The extant literature of post merger leadership identified a menu of leader competencies which were deemed important and were perceived to have a favorable influence on merger success. My approach is different in that i have found it easier to master just 34 key frameworks that apply to the vast majority of cases. Case interview sample question and answer tips mergers. Case interview fundamental case interview mece mece, pronounced mee see, is a concept commonly used in top consulting firms such as mckinsey, bcg or bain. The following is an example of a reallife case a student received and my advice on how to go about solving the case step by step. The difference between a framework and a system is that a framework is a tool. Porters five forces has become an incredibly well known framework in the. Similarly ghosh 2001 investigated whether operating cash flow performance.
Ive gone through victor chengs case interview videos but found the frameworks mentioned were more focused on management consulting. Case frameworks management consulting case interviews. Determine leadership, assign responsibilities and establish operating model. These materials provided on an as is basis with no warranty or guarantee expressed or implied. Case interview consulting interviews case study interview here are a few items to consider speci. But more importantly, im also going to give you a private equity case study interview presentation template you can copy, paste, and reuse youre also going to learn why you cannot believe much of what the mainstream media says when it comes to deal analysis and financerelated topics. Case frameworks mergers and acquisitions competition. We have assembled 20 documents in the pmi post merger integration toolkit, listed below.
Standard frameworks you have learned at school or in preparing for your interview may appear relevant, but they may not hold up after closer consideration. This report in detail considers the approach and results in an evaluation of the level of merger integration capability at the company. And, youll learn more about what we do at deloitte. He simply states to take the business situations framework and apply it to the meger case, first analyzing the acquiror, then. Mergers and acquisitions assume a basic part inside the corporate fund industry. Case interview frameworks are used to open a case and to solve a case. Thomaskautzsch,partner 82% 60% 46% t h ec al ng sof pmi the. What this really means is, ok, now we have to figure out how to.
While the general breadth of the topic post merger integration is quite large, this study is focused more narrowly on the post merger integration leadership. Six frameworks for case solving free download as powerpoint presentation. How to build a case interview framework consulting. Case interview frameworks mckinsey consulting prep. Download it once and read it on your kindle device, pc, phones or tablets. It is most definitely true that you cant crack a realistic interview case by relying solely on standardized frameworks but all those business frameworks and concepts are extremely he. Given that there is limited information available, the interviewer will ask you probing questions about your comments, hypotheses, or conclusions to test your.
Pdf an overview of key issues in mergers and acquisitions. Frameworks and practice cases kindle edition by charles river editors. Framework for a mckinsey, bain, bcg acquisition case firmsconsulting. Six frameworks for case solving mergers and acquisitions. The purpose of this paper is to examine the key issues involved in the process of mergers and acquisitions of companies and to explore the experience in a small developing country. Oliverwymans approachmakesthecomplexityofanintegration manageableand,asa result,createssecurityat atimeofintensestress. A merger is considered to be successful, if it increases the acquiring firms value. Our case interview prep tool gives you the chance to practice demonstrating your problemsolving skills, analytical ability, and strategic and logical thinking.
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