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1、McKineyOnlinecasestudyTostepthroughthiscaseexample,wewillgiveyousomeinformation,askaquestion,andthen,whenyouareready,giveyouasampleanswer.Wehopethattheexercisewillgiveyouasenseoftheflowofacaseinterview.(Pleasenote,youcanstopthisexerciseandpickupwhereyouleftofflater.Yourcookiesmustbeontousethisfeatur
2、e).Inthisexercise,youwillansweraseriesofquestionsasthecaseunfolds.Weprovideourrecommendedanswersaftereachquestion,withwhichyoucancompareyourownanswers.Wewanttoemphasizethatmostquestionsinacasestudydonothaveasinglerightanswer.Inalivecaseinterview,wearemoreinterestedinyourexplanationofhowyouarrivedaty
3、ouranswer,notjusttheansweritself.Aninterviewercanalwaysassessdifferentbutequallyvalidwaysofapproachinganissue,andthenbringyoubacktotheparticularlineofinquirythatheorshewantstopursue.Youshouldalsokeepinmindthatinalivecase,therewillbefarmoreinteractionwiththeinterviewerthanthisexerciseallows.Forexampl
4、e,youwillhavetheopportunitytoaskclarifyingquestions.Finally,alivecaseinterviewwouldtypicallybecompletedin30-45minutes,dependingonhowthecaseevolves.Inthison-lineexercise,thereisnotimelimit.Thereareeightquestionsinthison-linecasestudy.Thiscasestudyisdesignedtoroughlysimulateoneduringyourinterview,soyo
5、uwillnotbeabletoskipaheadtothenextquestionuntilyouhaveansweredtheoneyouareon.YoucanrefreshyourmemoryofpreviousanswersbyclickingthehighlightedQ&Alinkstotheleft.Toprinttheanswer,clickontheprinticonthatappearsintheTOPRIGHTcorner.Attheend,youcanprinttheentireon-linecasestudyatonce.ThecaseQuestion1Cl
6、ientGoal:DoublethenumberofrecruitswhilemaintainingtheirqualitywithminimalincreaseinresourcesexpendedOurclientrecruitsgraduatingcollegeseniorsforentry-levelpositionsinlocationsaroundtheworld.Itcurrentlyhiresandplaces500graduatesperyearbutwouldliketotripleinsizeoverthenexttenyearswhilemaintainingquali
7、ty.Assumethattheincreasemustallcomefromhiringgraduatingseniors.(Inanactualcase,youmaynotbegiventhisandotherassumptionsunlessyouask.)Theclient'scurrentrecruitingbudgetis$2millionannually,andwhileitisinastrongfinancialposition,itwouldliketospendasfewadditionalresourcesaspossibleonrecruiting.McKins
8、eyisadvisingtheclientonwhatstepsitwillneedtotakeinordertomeetitsgrowthtargets,whilestayingwithinitsbudgetconstraints.Q1:Whatleversdoestheorganizationhaveatitsdisposaltoachieveitsgrowthgoal?A:Somepossibleleversaregivenbelow.It'sterrificifyouidentifiedseveraloftheseandperhapssomeothers.?Attractmor
9、eapplicantsatthesamecost?Reviewthelistofcampusestargeted(e.g.,optimizeresourceallocationacrossschools).Thereviewmayresultinaddingcertainhigherpotentialcampusesandeliminatingotheronesthatappeartohavemorelimitedpotential.?Reviewrecruitingapproachateachcampus(e.g.,optimizecost-effectivenessofmessagesan
10、dapproachesateachschool).?Extendofferstoahigherpercentageofapplicantswhilemaintainingquality(e.g.,reducethenumberofpeoplewhoareturneddownwhowouldhaveperformedequallywellinthejob)?Improveacceptanceratesamongofferees(e.g.,bettercommunicatethebenefitsofthejobrelativetoalternativesorimprovetheattractive
11、nessofthejobrelativetoalternatives)Question2Fortheremainderofthediscussionwe'dliketofocusonthetwospecificleversinvolvingattractingmoreapplicantsatthesamecost.?Reviewthelistofcampusestargeted(e.g.,optimizeresourceallocationacrossschools).Thereviewmayresultinaddingcertainhigherpotentialcampusesand
12、eliminatingotheronesthatappeartohavemorelimitedpotential.?Reviewrecruitingapproachateachcampus(e.g.,optimizecost-effectivenessofmessagesandapproachesateachschool).Pleasenotethatifyouidentifieddifferentbutequallyvalidlevers,theinterviewerwouldbeabletoassessthem.Butforthepurposeofthiscasestudy,wearego
13、ingtofocusonthesetwolevers.Q2:Howwouldyouinitiallyapproachdeterminingwhethertheclientcanincreasehiringbyadjustingthelistofcampusestargeted?Whatsortofanalysiswouldyouwanttoconductandwhy?A:Youmighttakethefollowingapproach,wherewe'veoutlinedtwoavenuesofanalysis:?Estimatethehiringpotentialacrossscho
14、ols?Analyzethenumberofhiresbyschooloverthelastseveralyears?Developacomprehensivelistofschoolsthatmeetourrequirementsandaminimumsetofstandardsforrecruits?Surveyseniorsattheseschoolstodetermineinterestinanentry-levelpositionwiththeclient?Considerthesizeofthegraduatingclassateachschool,determinehowthat
15、classmightbesegmented(e.g.,eachclasscouldbesegmentedbydisciplineorsegmentedbasedoncareerinterestsinresponsetothesurvey),thencalculatethesizeofeachsegment?Estimatetheoptimalcost-per-hireacrossschools?Comparethecurrentcost-perhireacrossschools?Identifyopportunitiestodecreasethecost-per-hireateachschoo
16、lseeHelpfulTipYoumayhaveaslightlydifferentlist.Whateveryourapproach,welovetocandidatescomeataprobleminmorethanoneway,butstilladdresstheissueasdirectlyandpracticallyaspossible.Ingivingtheanswer,it'susefulifyouareclearabouthowtheresultsoftheanalysiswouldhelptoanswertheoriginalquestionposed.Questio
17、n3Twenty-fivepercentoftheannualrecruitingbudgetisspentoncandidates(i.e.,attracting,assessing,andgettingthemtoaccept).Twentypercentofhiresarecategorizedas"mostexpensive"andhaveanaveragecost-per-hireof$2,000.Q3:Whatistheaveragecost-per-hireofallothercandidates?Rememberthattheclienthires500st
18、udentsperyearanditsannualrecruitingbudgetis$2million(informationthatwehopeyounotedearlier).A:Theansweris$750perhire(orlessthanhalfthecost-per-hireofthe"mostexpensive"candidates).Amountspentonthelessexpensivecandidates:25%of$2millionbudget=$500,000spentoncandidates20%of500student=100student
19、scategorizedas"mostexpensive"100x$2,000cost-per-hire=$200,000spenton"mostexpensive"hires$500,000recruitingbudget-$200,000=$300,000remainingforallotherhiresThenumberoflessexpensivecandidates:500hires-100=400"otherhires"Cost-per-hireofthelessexpensivecandidates:$300,000/4
20、00=$750perhireHelpfulTipWhileyoumayfindthatdoingastraightforwardmathprobleminthecontextofaninterviewisabittougher,youcanseethatitisjustamatterofbreakingtheproblemdown.Wearelookingforbothyourabilitytosettheanalysisupproperlyandthentodothemathinrealtime.Question4Q:Inordertodecidewhethertoreducecostsat
21、theleastefficientschools(i.e.,thosewithanaveragecostperhireof$2,000),whatelsewouldyouwanttoknow?A:Someofthepossibleanswersaregivenbelow.Basicquestions:?Whatarethecomponentsofcostsattheseschools(whyisitsoexpensivetorecruitthere)?Whatopportunitiesexisttoreducecosts?Howmuchcostsavingswouldresultfromimp
22、lementingeachoftheopportunities?Whatconsequenceswouldimplementingeachoftheseopportunitieshaveonrecruitingattheleastefficientschools?Questionsdemonstratingfurtherinsight:?Whyisthecostloweratmoreefficientschools,andaretherebestpracticesinresourcemanagementthatcanbeappliedtotheleastefficientschools?Ifw
23、ereducecostsattheleastefficientschools,whatwillwedowiththecostsavings(i.e.,whatwouldbethebenefitofspendingthemoneyelsewherevs.whereitiscurrentlybeingspent)?HelpfulTipWewouldnotexpectanyonetocomeupwithalloftheseanswers,butwehopesomeofyouranswersheadinthesamedirectionasours.Yoursmaybringsomeadditional
24、insights.Ineithercase,besurethatyoucanclearlyexplainhowyourquestionwillbringyouclosertotherightdecision.Question5TheMcKinseyteamconductssomeanalysisthatindicatesthatincreasingspendingonblanketadvertising(e.g.,advertisements/flyersoncampus)doesnotyieldanysignificantincreaseinhires.Q5:Giventhatincreas
25、edblanketadvertisingspendingseemstoberelativelyineffective,andtheclientdoesn'twanttoincreaseoverallcosts,whatmightbesomeotherideasforincreasingthecandidatepoolonaspecificcampus?A:Wearelookingforatleastacoupleofanswersliketheonesgivenbelow:?Improve/enhancerecruitingmessages(e.g.,understandtargetc
26、andidategroup,refocusmessageonthisgroup,understandcompetitivedynamiconcampus)?Utilizereferrals(e.g.,faculty,alumni)?Comeupwithcreativewaystotargetspecificdepartments/clubsoftheschool?Rethinkadvertisingspending-whileincreasingblanketadspendingdoesn'tseemtowork,advertisingmightstillbethemosteffici
27、entandeffectivewaytoincreasethenumberofcandidatesifitisdeployedinamoresystematic,targetedwayHelpfulTipThisquestionisagoodonefordemonstratingcreativitybecausethere'salonglistofpossibleideas.Additionalinsightsintohowagivenideawouldbeapproachedandhowmuchitwouldcostarehelpful.Question6Forsimplicity&
28、#39;ssake,let'ssaywe'veconductedmarketresearchandfoundthattherearetwotypesofpeopleoneachcampus,AandB.Historically,ourclienthasalsousedtwotypesofrecruitingmessagesinitsadvertising.Thefirst,called"SeetheWorld,"getsonepercentoftypeAstudentstoapply,butthreepercentoftypeBstudents.Thesec
29、ond,called"PathwaytoLeadership,"getsfivepercentofTypeAstudentstoapply,butonlytwopercentoftypeBstudents.ThechartbelowliststhebreakdownoftypesAandBstudentsatsomeofourmajorcampuses,andthemessageourclientisusingoncampus.School%ofTypeAStudents%ofTypeBStudentsRecruitingMessageUsedonCampusUnivers
30、ity180%20%PathwaytoLeadershipUniversity248%52%SeetheWorldUniversity370%30%PathwaytoLeadershipUniversity460%40%SeetheWorldQ6:Assumingthere'snodifferencebetweenthecostsofeachmessage,whatcanyoutellmefromthisinformation?School%ofTypeAStudents%ofTypeBStudentsRecruitingMessageUsedonCampusUniversity180
31、%20%PathwaytoLeadershipUniversity248%52%SeetheWorldUniversity370%30%PathwaytoLeadershipUniversity460%40%SeetheWorldA:Accordingtothesenumbers,theclientshouldusethe"PathwaytoLeadership"messageacrossallfouruniversities.The"SeetheWorld"messageispreferableonlyifmorethan80%ofthestudent
32、satagivenuniversityareoftypeB.HelpfulTipAnevenmoreinsightfulresponsewouldmentionthattheultimateanswerdependsonthecostofeachmessage,whetherthecostincreasesdependingonthenumberofstudentsatthecampus,andhowinterestedweareinstudentsofTypeAvs.TypeB(e.g.,willonetypebemorelikelythantheothertogetanofferandto
33、besuccessfulonthejob).Onecouldimagineusingbothmessagesonsomecampusesiftheadditionalcostwerejustifiedbytheresultingincreaseinhires.Question7University4graduates1,000seniorseachyear.Q7:HowmanynewcandidatesmightbegeneratedbychangingtherecruitingmessageatUniversity4toPathwaytoLeadership?A:Theansweris20c
34、andidates(i.e.,anincreaseofover100%).NumberofeachtypeofstudentatUniversity4:1,000seniorsx60%=600TypeAstudents1,000seniorsx40%=400TypeBstudentsCandidatesattractedbeSeetheWorldmessage:(1%x600)+(3%x400)=18candidatesCandidatesattractedbyPathwaytoLeadershipmessage:(5%x600)+(2%x400)=38candidatesIncreasein
35、candidatesresultingfromchangeinmessage:38-18=20morecandidates(anincreaseofover100%)Question8Q8:Whatsortofnextstepsshouldwetellourclientwe'dliketotakebasedonwhatwehavediscussedtoday?A:Theabilitytocometoalogical,defensiblesynthesisbasedontheinformationavailableatanypointinanengagementiscriticaltotheworkwedo.Eventhoughwe'dconsiderourselvestobeveryearlyintheoverallpr
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