Within functions, here are a few most typical divisions most companies have:Įven with business students, strategy is a challenging topic – especially with those without a strategy major. Think of business lines as mini-companies themselves inside the big company. One way is through business lines and the other one is through functions. The supervisor’s job is to independently monitor the CEO and the management team and report up to the Board.īelow CEOs, there are two generally two ways of structuring the company.

Besides that, there’s a committee called Supervisors.

Most of the time, the Board of Directors doesn’t directly intervene in the CEO’s work, but they reserve the right to fire CEOs. They are led by the Chief Executive Officer – CEO, who makes every decision on day-to-day work.

The Board usually hires a management team to manage the company.

A company can have one, a few, or millions of individual owners, but being governed by the Board of Directors – a group of people elected by owners, with the President or Chairman being their highest leader.

One of the most famous is the NYSE, which stands for New York Stock Exchange. For public companies, on the other hand, shares are publicly traded on different stock exchanges. For private companies, the group of shareholders and their shares are not necessarily disclosed and publicly tradable. Technically, at the highest level, there are shareholders. When it comes to organizational structure, it is important to notice the fine line between the company’s ownership and management. Organizational structure – The heart of a company

Investing: includes any sources and uses of cash from a company’s investments.Ģ.2.

Financial : includes the sources of cash from investors or banks and the uses of cash paid to shareholders.

Operation : illustrates how much cash the company can generate from its products and services.

The Cash Flow statement just strictly monitors the cash flow in or out, categorized in different sections. There’s a famous saying that: Income statement is an opinion, Cash Flow statement is the fact.

Therefore, we may have to record revenue without having the cash. Many of the times, especially for B2B transactions, the selling happens before the money flow. One important thing to notice is that even though it may seem like, the Income Statement does NOT necessarily relate to cash. There are a few types of cost to notice – see the two pictures below this table. That’s why often, Profits is referred to as the “bottom line”. The Income Statement directly tells you how the company is doing in terms of making money, the heart of any business.įrom the top to bottom, the Income Statement shows the Revenues, Costs, and Profits. Every action, every transaction changes the three components but it’s always in harmony.Ī record of the business performance through a period of time, given it a quarter or a year. The neat thing about the Balance sheet is that it’s always balanced.

Equity (Net worth): Calculate by taking Assets subtract Liabilities.

Liabilities : what the company owes : Loans, overdraft, bills to be paid, etc.

Assets : what the company owns : Building, Equipment, Cash, Inventory, along with some other intangible items.

Ī snapshot of the current stage of the company’s property, debt, and ownership at one given point in time, showing: Generally, there are 2 styles of conducting case: Candidate-led and Interviewer-led. Be noted that the analytical thought process is more important than arriving at correct answers. How can the bank achieve that goal?”Ĭase interview are modelled after the course of actions real consultants do in real projects – so success in case interviews is seen by consulting firms as a (partial) indication of a good management consultant.Īlong the interview, the interviewer will assess your ability to think analytically, probe appropriate questions, and make the most client-friendly pitches.

“The CEO of a cement company wants to close one of its plants.

“We have a restaurant called “In-and-out Burger” with recently falling profits.

Case interviews often last 30-45 minutes each, and firms can utilize up to 6 case interviews, usually divided into 2 rounds. They are often used by consulting firms, and are among the hardest job interviews, testing both problem-solving skills and “soft” skills. A case interview is a job interview where the candidate is asked to solve a business problem.

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