Grand View Research Research Associate Interview Questions and Answers

McKinsey's 7S Framework is a management model that helps analyze and align various elements of an organization.

• The 7S Framework consists of seven interdependent elements: Strategy, Structure, Systems, Skills, Staff, Style, and Shared Values.

• These elements are categorized into hard elements (Strategy, Structure, Systems) and soft elements (Skills, Staff, Style, Shared Values).

• The framework emphasizes the importance of a...read more

Porter's Five Forces is a framework for analyzing the competitive forces in an industry.

• Threat of new entrants

• Bargaining power of suppliers

• Bargaining power of buyers

• Threat of substitute products or services

• Rivalry among existing competitors

• Example: The airline industry

• - Threat of new entrants: High capital requirements and government regulations make it difficult for new airlines to enter the market.

• - Bargaining power ...read more

CtoC, CtoB, and BtoC are business models that describe the type of transactions between different entities.

• CtoC stands for consumer-to-consumer and refers to transactions between individual consumers, such as selling items on eBay or Craigslist.

• CtoB stands for consumer-to-business and refers to transactions where a consumer sells a product or service to a business, such as a freelance writer selling an article to a mag...read more

Balanced Scorecard is a strategic management tool used to measure and improve performance across four perspectives.

• It includes financial, customer, internal processes, and learning and growth perspectives.

• It helps organizations align their strategy with their goals and objectives.

• It provides a framework for measuring and monitoring performance.

• Example: A company may use the balanced scorecard to track customer satisfac...read more

PLC stands for Programmable Logic Controller. It is a digital computer used for automation of electromechanical processes.

• PLC is used to control and monitor industrial processes.

• It is programmed using ladder logic or other programming languages.

• PLCs are commonly used in manufacturing, power plants, and transportation systems.

• Example: A PLC can be used to control the operation of a conveyor belt in a factory.

• The PLC rec...read more

Employee dismissal and employee discharge are two different terms used to describe the termination of an employee's contract.

• Employee dismissal is when an employee is fired due to poor performance or misconduct.

• Employee discharge is when an employee is let go due to reasons beyond their control, such as company downsizing or restructuring.

• Dismissal is usually a result of the employee's actions, while discharge is usual...read more

E-learning has benefits like flexibility, but plagiarism is a concern. Writing methods like paraphrasing and citation can help.

• E-learning allows for flexibility in learning schedules and locations

• E-learning can be cost-effective compared to traditional classroom learning

• Plagiarism is a concern in e-learning due to the ease of copying and pasting information

• To avoid plagiarism, one can use methods like paraphrasing and ...read more