10+ Strategy Consultant Interview Questions and Answers

Automating forecasting process requires advanced analytics and machine learning techniques.

• Use advanced analytics and machine learning techniques to automate forecasting process

• Leverage big data and cloud computing to handle large amounts of data

• Implement real-time data processing and predictive modeling

• Use automated algorithms to identify patterns and trends in data

• Integrate forecasting models with business intelligence tools for better decision-making

• Regularly update and re...read more

NoSQL databases like Redis, Cassandra, and MongoDB should be used when dealing with large amounts of unstructured data.

• Use NoSQL databases when dealing with large amounts of unstructured data

• Use NoSQL databases when scalability is a concern

• Use NoSQL databases when flexibility is needed

• Do not use NoSQL databases when dealing with structured data

• Do not use NoSQL databases when ACID compliance is required

Forecasting and demand sensing have different drivers.

• Forecasting is driven by historical data and trends.

• Demand sensing is driven by real-time data and market changes.

• Forecasting is used for long-term planning and production.

• Demand sensing is used for short-term adjustments and inventory management.

• Forecasting is more accurate for stable markets, while demand sensing is better for volatile markets.

• Examples of forecasting drivers include seasonality, product lifecycle, and ma...read more

Digital initiatives can enhance organizational resilience through increased agility, efficiency, and innovation.

• Digital tools can enable remote work and collaboration, ensuring business continuity during disruptions.

• Data analytics can provide real-time insights for informed decision-making and risk management.

• Automation can streamline processes and reduce costs, freeing up resources for strategic investments.

• Digital platforms can facilitate customer engagement and feedback, d...read more

Both branding and sales are important, but it depends on the company's goals and stage of growth.

• Branding is important for building awareness and reputation, while sales are necessary for revenue generation.

• A new company may prioritize sales to establish a customer base, while a well-established company may focus more on branding to maintain their reputation.

• However, a balance between the two is ideal for long-term success.

• For example, Apple has a strong brand reputation, but...read more

The supply chain process involves the flow of goods and services from the supplier to the customer.

• The process starts with the procurement of raw materials or finished goods from suppliers

• The materials are then transported to the manufacturing or production facility

• The goods are then produced or assembled and packaged for distribution

• The finished products are then transported to warehouses or distribution centers

• The products are then shipped to retailers or directly to custom...read more

The yearly consumption of masks in Delhi is difficult to estimate due to various factors.

• Yearly consumption can vary based on factors such as pollution levels, population density, and health awareness.

• Data on mask sales or distribution can provide a more accurate estimate.

• During peak pollution seasons or disease outbreaks, the consumption of masks may increase significantly.

It is impossible to accurately determine the exact number of cricket bats used at any given time in India due to the vast number of players, teams, and matches taking place across the country.

• There are millions of cricket players in India, each potentially using multiple bats.

• Cricket is a popular sport in India, with matches happening at various levels from local to international.

• Different types of cricket bats are used for different formats of the game, such as Test, ODI, an...read more

Experience in developing shared services and captive strategies, as well as designing IT operating models.

• Developed shared services strategy to streamline operations and reduce costs

• Implemented captive strategy to centralize functions and increase efficiency

• Designed IT operating model to align technology with business goals

The question is a classic example of a problem-solving interview question that tests the candidate's critical thinking and estimation skills.

• The interviewer is not looking for an exact answer but rather wants to see how the candidate approaches the problem.

• Candidates can start by estimating the size of a golf ball and the interior space of an Apache helicopter.

• They can then make assumptions about how the golf balls can be arranged efficiently in the helicopter to come up with...read more

Current trends in the industry include digital transformation, sustainability, and remote work.

• Digital transformation is driving innovation and efficiency in processes and operations.

• Sustainability is becoming a key focus with companies implementing eco-friendly practices and products.

• Remote work is on the rise, leading to changes in workplace dynamics and collaboration.

• Increased use of data analytics and AI for decision-making and customer insights.

• Shift towards subscription...read more

Point of source refers to the origin or starting point of something.

• Point of source is crucial in identifying the root cause of a problem.

• It helps in understanding the initial stage of a process or event.

• Examples: Point of source of a leak in a pipeline, point of source of a virus outbreak.