Cost of crimes ?????? Cost of Lies ???? Cost of hate ????? Cost of False teaching ?? Cost of not being fair ??/ Cost of religious freedom?????????????
@roxannejoganik3466
4 жыл бұрын
What about the price of discrimination of LGBT persons??????????? try 7. 7 million
@alexz3268
4 жыл бұрын
Anyone else confused why Michael Mcintyre is interviewing her
@alexz3268
4 жыл бұрын
This was unbelievably helpful, thank you.
@Elroiden
5 жыл бұрын
I additionally would add to at the difference of customer segment (old vs. young) that an adaptation for cruise destination should be applied. Without doubt, there are different preferences in destinations between these target groups.
@3DPTR
5 жыл бұрын
Could you please put a bit more of pixels on this video, it is really interesting , but it looks like a really old video.
@os-sb3uf
5 жыл бұрын
When he asked her in the first question why are profits are declining , she should've mentioned Porters five forces and going through each force . That would have shown him that shes the ability to run a case study for a top down perspective. Thats IMO
@dominicrafaelronguyala6755
5 жыл бұрын
i have an interview this tuesday and i dont have any idea that there will be this type of case study
@bensondoggie
5 жыл бұрын
the problem of the case is we only know the difference in profit among the companies but have no idea about the competitor's revenue and cost.
@antoniosampaio8119
5 жыл бұрын
Very good.
@josephcold
5 жыл бұрын
So is this a model for a perfect performance?
@british021
5 жыл бұрын
Perhaps mention the location? Is The Mediterranean area in decline overall? What other destinations may increase occupancy? If you’re trying to encourage a younger market, and stick to Mediterranean, maybe visit cities or ports that cater more to a younger crowd - party cities and so on. This may decrease the older and traditional occupants, but as he said at the start, they are very price sensitive. Younger people, generally spend more on a cruise and less price sensitive. Just my two cents.
@jiwon5315
5 жыл бұрын
How is fuel fixed cost? Also, before mentioning market segment diversification i would have suggested product diversification first. If you’re losing your core customer segment, chasing the next segment would be less successful. It’s a good suggestion but winning back the age group as well as considering the younger group would make more sense.
@youngbai7784
5 жыл бұрын
For the second case, he didn't mention anything about reducing cost.
@isabelladacostavaz2544
5 жыл бұрын
Because if you reduce cost, you raise profit, not revenue. (Profit = revenue - cost)
@ravichandranbabu1972
6 жыл бұрын
More practical situations and good analysis of answer with available inputs.
@mj9489
6 жыл бұрын
Not sure about this Michael McIntyre sketch...
@wordpill4218
6 жыл бұрын
Why is no one talking about how to increase the customers, how to bring more people in, because finally, it all comes down to bringing in more customers. Why aren't they talking about advertising techniques?
@kabirpritom5468
6 жыл бұрын
I agree with you. However, I believe this case study is more focused on financial analysis rather than a marketing functional assessment. That's why its more financed driven, not discussing about marketing maneuvers.
@tylergable2445
5 жыл бұрын
I guess you missed the part where she explained how a younger market would bring more customers onto the cruise ship?
@ethanluc8908
5 жыл бұрын
@@tylergable2445 You're forgetting about attracting more customers from the original target market
@kenkrak4649
6 жыл бұрын
That moment when you know you're going to smash the chick on your desk after you hire her 17:13
@kenkrak4649
6 жыл бұрын
that mouth thing he does is fucking annoying
@YoungCub
6 жыл бұрын
Easier way to solve it: Profit per passenger is (600 -100) = $500. How many 500s do we need to equal 600k ? 1200. 1200 is 60% of 2k
@TheTraffic247
5 жыл бұрын
Yes, but the test is about critical thinking and how you analyse the business problem, not just about crunching numbers. You need to walk the interviewer through how you THINK about the problem as well.
@Medved-Yarik
6 жыл бұрын
Wouldn't sinking a few ships of their competitors help increase the market share of this struggling cruise company?
@PhilippeLarcher
5 жыл бұрын
Or one of their own to boost the occupancy 🤔
@nabeelmerchant4836
5 жыл бұрын
That is going to effect the global demand for cruise industries as customers would be weary about travelling due to concern about their own safety and security. Best strategy would be marketing to attract new customers and enter emerging markets.
@softsouls1
3 жыл бұрын
lOlollolo
@CA143ABHI
3 жыл бұрын
🤣🤣🤣
@primoh9604
3 жыл бұрын
Expected reply of the russian kind
@MrPresidentoftheus
6 жыл бұрын
A consultant complaining cinema refreshments are overpriced! that's some cheek.
@ketochiesesoyyo
6 жыл бұрын
Hi, I did a much much faster route for the breakeven, since you know, from the start, that to have a breakeven you need a minimum occupancy... So, what I did, much faster and not using such big numbers was: Rev./Pers= ($450+$150)-$100= $500 Breakeven= $600,000/$500 = $6,000/$5 (for those not wanting to deal with large numbers) = 1,200 minimum amount of people on board. 2,000 capacity/1,200 actual occupancy= 60%
@briekag
6 жыл бұрын
ketochi thanks! I hated how she calculated it.
@paulroro1279
7 жыл бұрын
How can the occupancy be the problem if the costs are constant ? They should fall in this case atleast a bit.
@Slickasv
7 жыл бұрын
Fuel is variable.. it increases and decreases with output (along with wages)
@mirawatersun7449
5 жыл бұрын
Not really, here the route for ships is fixed and hence fuel even though variable per kms, it still is fixed irrespective of the number of customers on board. You don't change a cruise route/kms depending on customers on board!
@carmensalriv6856
7 жыл бұрын
Hey guys! could u please recommend me any good website or even books, video tutorials in order to prepare for strategy interviews? Unfortunately at College i am not taught how to interprete charts, diagrams or even think into business issues they way we are required at consulting interviews! Thanks a lot in advance
@sahilsah457
3 жыл бұрын
The McKinsey mind might help
@prashantdagar2148
7 жыл бұрын
In the second case study, we should also divide the number of tickets into two categories - Weekday sales of tickets and weekend sales of tickets. Because the number of people going for movie will vary on weekdays and weekends.
@mountainman6172
7 жыл бұрын
Prashant Dagar Great point.
@laurenthilaire3238
7 жыл бұрын
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@fussylex
7 жыл бұрын
average performances.
@rahulchaudhary6602
7 жыл бұрын
Well I could do it swiftly and calculated 1200 passenger occupancy in just 2 seconds for break-even...But I quickly realised that additional 150 GBP spend was all taken in as profit...what about the cost of products or services provided to customer in lieu of that per passenger revenue...don't think that can be accounted in fixed costs. Have many other ideas too - fill the rest of the missing occupancy even at discounted rates and you still profit more given you stay above the break-even barrier for that segment - many ways to achieve it.
@Annchen82
7 жыл бұрын
such a boring answer! the client would've already thought about the classic causes, what he'd be looking for is something they don't typically see because they are overly involved in the business. boring.
@meganchampion4326
7 жыл бұрын
Break-even Question: Costs = Revenue 600,000 + 100(people) = 450(people) + 150(people) people = 1,200 = 60% of capacity.
@johnnguyen3115
7 жыл бұрын
thank you
@davm1931
7 жыл бұрын
Fuel is a fixed cost. First of all, it would vary depending on a number of passengers and distance traveling. Second, the price of gas is changing In addition, if the number of passengers has declined, that means the cost has decreased
@luorosella5405
7 жыл бұрын
can someone tell me did she get the offer based on her performance---if it is a real interview
@DrBeat-jm4jn
7 жыл бұрын
Wow this is such a bad interview.... ok its getting a bit better later on.. Nice video though! Thx!
@gival9042
7 жыл бұрын
on which basis do you say that?
@diegogonzalez506
7 жыл бұрын
I You my son he was my father and I said I would never know if he was a child or 👶 he would be my favorite person ever to be have Ktytu is r the way you are and you are the one ☝️ and I love think 💭 will get be you the only person I know want a man to know about you
@michaelmcintire9220
7 жыл бұрын
Why not just acquire another company to boost market share. If the whole market is depressed you should be able to buy another company at a discount. Or even better acquire a Cruise company targeted toward the younger generation. Also just increase costs on the ship, your customers can't go anywhere while onboard and if you are discounting tickets already you need to make back money while on the ship. Customers can't be price sensitive while on board because you own 100% of the market for anything they could buy.
@Virus278
8 жыл бұрын
They fucked after this
@10biie89
7 жыл бұрын
lmao
@habalicious27
7 жыл бұрын
I was reminded of David Brent the entire time. "You've charmed me."
@timothyjang8637
8 жыл бұрын
Lol, she got the way to increase market share completely wrong, is this a real interview?
@madhurkalgutkar471
8 жыл бұрын
To increase profit of a Cinema stop showing shit movies.
@jujubaclothing
8 жыл бұрын
lolol not consultant material. Your thought, "if every single movie coming out of Hollywood is "shit", what then?" shut down completely? shut down for a few months when "good" movies come out? If it's temporary, there are no guarantees "good" will ever come.
@madhurkalgutkar471
8 жыл бұрын
It was a joke u idiot
@madhurkalgutkar471
8 жыл бұрын
Fuel is a variable cost.
@454ffv
8 жыл бұрын
It's both. Consider a cruise ship with 10,000 people and a ship with 100 people. It would take more fuel for the ship with 10,000 people considering their weight and everything but if you consider the entire ship sailing, it may or may not be a huge difference. That ONE ship will still sail regardless of the occupancy rate. but overall it will depend on how far they sail and such so I think in an interview setting you can choose one.
@SuperAllenZ
8 жыл бұрын
It's a variable cost in the sense that it varies with the number of trips made. It's not a fixed periodic cost.
@Serpolinidate
7 жыл бұрын
Uhm, depends on the business. In this case, I tend to agree with the fixed cost definition. People weight on a cruise ship is absolutely trivial.
@dannybustos3714
7 жыл бұрын
madhur kalgutkar I believe it's a fixed cost. With the cruise business, they will generally be visiting the same locations, so after a few times the total fuel cost can be accurately measured. If the cruise line stops in the same locations each time, then they can classify it as a fixed cost.
@thedotoba
7 жыл бұрын
I worked in a yacht company and I can tell you is a fixed cost. Since the variation by the amount of people is negligible compared with the one caused by the distance.
@abiasan1
8 жыл бұрын
It was a good video. BUT, if the costs has been constant for the 4-5 year period. You should definitely look towards reducing both fixed and variable cost which will definitely have a great impact on the Margins. Secondly, if you are targeting newer age group, this also means that you need to change the destinations location. third, rather than getting new cruize, why can't we acquire existing cruize from the market and increase market share as the industry is seeing a decline ( 10% market share means you are a sizeble company)
@rohitmadassu7423
8 жыл бұрын
You stole my idea. :P
@jajajaja4659
8 жыл бұрын
Well to answer why you should not try to increase share in a declining market means that you are defacto buying more of something that will get less valuable over time.
@abilashbalan8863
7 жыл бұрын
probably, But i would like to think that any market would have at least 4-5 predominant ones with a higher market share. and a quiet of bit of inefficient small ones. Industry decline could be a economic cycle effect and will bounce back and this is the best time for acquisition. and introduce a newer brand for different age segment.
@YoungCub
6 жыл бұрын
👏🏽👍🏼
@reardelt
8 жыл бұрын
Total costs have declined as passenger numbers have fallen. I think what they meant was the variable cost per passenger hasn't changed.
@reardelt
8 жыл бұрын
Well if total costs haven't changed (as mentioned by the interviewer) then the number of passengers haven't changed as well. So the problem isn't the number of passengers.
@kirillsvalil3624
5 жыл бұрын
not true. Total cost might stay the same with number of passengers went down
@hamzahsyed6844
8 жыл бұрын
Why is she subtracting the the Fixed Costs (600,000) from the variable costs? Aren't you supposed to Add both Fixed Costs + Variable Costs in order to get Total Costs?
@tejas94
7 жыл бұрын
She isn't! Thats the complete equation. Try doing the calculation on your own, you'll get the same answer.
@sarapepic9375
7 жыл бұрын
If you do the math like this: profit = RV - (FC + VC) you will get after removing the brackets () in the end the same result. + becomes - and it is the same, :)
@CHF-pn8um
8 жыл бұрын
While the constant cost doesn't imply the problem is not from cost side. As technology evolves, it is better to compare cost ratio of client to industry. If cost ratio is much higher than industry level, that implies that the client needs to work on cost optimization. Cost optimization is the hardest job for company!!! Second, as recommending client focusing on younger customers to increase the occupancy, the cost will definitely goes up!!!
@marcussoori
8 жыл бұрын
There is a mistake in the occupancy calculation diagram (adding the word occupancy as an additional term), even though the calculation itself is correct.
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