Great video ! My only struggle was - how did you do know the number on the top of the costs graph represent revenue, it is not mentioned in the legend anywhere.
Fantastic video, thank you! A question: I’ve read online that BCG seems to test quantitative reasoning quite a bit on Casey, which you don’t really go into here in this example case. Is the information I read wrong? Thanks!
You're right. While the quantitative sections of the actual assessment might vary based on the specific case study, our example in this video isn't heavily focused on the quantitative aspect. In the Prepmatter's course, we offer 8 case studies, each with different levels of calculations. I hope you find them useful!
Hello! Just wondering why you stated that $3 price per tonne would not impact profitability. If price goes up per tonne this might have affected customer buying decisions resulting in lower market share? as the customer would go to someone else with a cheaper price?
Great point! I've first approached the issue on a high level: quantity*price. Mathematically, quantity decline is the issue, not the price increase. But digging deeper into why quantity is declining, specifically why market share is declining, the price increase can certainly be the problem! I could have been clearer in my answer, for sure. We've recently recorded a full live walkthrough of the same case study, which we will share in the next couple of weeks. I hope as a candidate, I made this point more clear. Be on the lookout!
In real-life projects, we often examine the cost-to-revenue ratio to understand how effectively companies manage their costs, especially concerning variable costs, as these are directly linked to revenues. Looking at the variable-to-total cost ratio might be misleading. For instance, if fixed costs also increased over time, the ratio of variable costs to total costs may not appear to change, even though, in reality, both have increased. I hope that makes sense!
In the actual assessment, you'll cover one case study only. In our BCG Chatbot course, you'll have access to 8 interactive cases, including the one shared in this video.
That's already provided in the exhibit. We just need to look at the legend to understand that the red dot signifies the price point. By referring to the Y-axis on the right, you can see that the price increased from $72 to $75 per tonne.
Thank you for your feedback and for watching our video! Unfortunately, CZcams no longer provides the option for us to adjust the volume of uploaded videos. However, you might want to try watching the video on a different device, or enable the Closed Captions (CC). We also recently released another video on a BCG chatbot case where we've made sure the sound volume is a bit higher. We hope this one works better for you: czcams.com/video/6aybasQAXU0/video.html. Thanks again for your support!
Enrol in Prepmatter's BCG Chatbot course to access all 8 case studies:
prepmatter.com/online/bcg-online-case-assessment-chatbot
Really helpful! Thanks for the video and all the tips :)
Super Helpful ! Thank You
Thank you for very helpful video, please post more videos related chatbot
Glad you've enjoyed it. Yes, we'll upload another BCG chatbot video next week!
thank you! very useful
Glad you've found it helpful!
Great video ! My only struggle was - how did you do know the number on the top of the costs graph represent revenue, it is not mentioned in the legend anywhere.
Same here!
Why does the export tariff not matter ? It can significantly affect demand and price
Fantastic video, thank you!
A question: I’ve read online that BCG seems to test quantitative reasoning quite a bit on Casey, which you don’t really go into here in this example case. Is the information I read wrong? Thanks!
You're right. While the quantitative sections of the actual assessment might vary based on the specific case study, our example in this video isn't heavily focused on the quantitative aspect. In the Prepmatter's course, we offer 8 case studies, each with different levels of calculations. I hope you find them useful!
Hello! Just wondering why you stated that $3 price per tonne would not impact profitability. If price goes up per tonne this might have affected customer buying decisions resulting in lower market share? as the customer would go to someone else with a cheaper price?
Great point! I've first approached the issue on a high level: quantity*price. Mathematically, quantity decline is the issue, not the price increase. But digging deeper into why quantity is declining, specifically why market share is declining, the price increase can certainly be the problem! I could have been clearer in my answer, for sure.
We've recently recorded a full live walkthrough of the same case study, which we will share in the next couple of weeks. I hope as a candidate, I made this point more clear. Be on the lookout!
@@Prepmatter Thank you so much for clarifying! This is super helpful :)
For Q5, shouldn't it be the ratio between variable cost to total cost?
In real-life projects, we often examine the cost-to-revenue ratio to understand how effectively companies manage their costs, especially concerning variable costs, as these are directly linked to revenues. Looking at the variable-to-total cost ratio might be misleading. For instance, if fixed costs also increased over time, the ratio of variable costs to total costs may not appear to change, even though, in reality, both have increased. I hope that makes sense!
please where can i find the Chatbot Cases he mentioned in min 16:00
prepmatter.com/online/bcg-online-case-assessment-chatbot
There are more cases of the chatbot? or is it the only one?
In the actual assessment, you'll cover one case study only. In our BCG Chatbot course, you'll have access to 8 interactive cases, including the one shared in this video.
Please how did you calculate the 3 dollar increase per tonne
That's already provided in the exhibit. We just need to look at the legend to understand that the red dot signifies the price point. By referring to the Y-axis on the right, you can see that the price increased from $72 to $75 per tonne.
Great video. However, I could barely hear even after maximizing the volume. Would be great if you could adjust the video and raise the sound.
Thank you for your feedback and for watching our video! Unfortunately, CZcams no longer provides the option for us to adjust the volume of uploaded videos. However, you might want to try watching the video on a different device, or enable the Closed Captions (CC). We also recently released another video on a BCG chatbot case where we've made sure the sound volume is a bit higher. We hope this one works better for you: czcams.com/video/6aybasQAXU0/video.html. Thanks again for your support!