Cracking Business Case Interviews for Data Scientists: Part 1
Image by Minha Hwang Business case study interview questions are often the most difficult part of the interview process, especially for early data scientists without job experience. Even after landing on a job, it is beneficial to have a structured way of formulating and solving business problems from other teams and stakeholders. Based on my learning as an Ex-McKinsey consultant and data scientist over 10 years, I am sharing a “7 steps of problem-solving” approach. This structured business case/problem-solving process and related framework and templates will help you to become more comfortable in approaching and solving new business problems. In this article, I will discuss: (1) Overview of a “ 7 steps of problem-solving ” approach (2) Step 1: Define a problem — How to avoid Type III error by solving a proper problem (3) Step 2: Structure a problem — How to break down a problem to manageable sub-problems (4) Step 3: Prioritize issues — How to prioritize sub-problems to solve O...
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