May the Five Forces(Not) Be with You
Some recruiters areturned off when potential hires draw on a packaged analytical framework (suchas the five forces) to solve a problem. Others, however, are impressed. To beon the safe side, if you use a framework, don’t stray too far from the issue.
Eileen Coveney, vice president at L.E.K. Consulting, warns candidates about theperils of frameworks: “When people depend too much on a pre-establishedframework, they may not be thinking deeply enough about the problem at hand.This may indicate that when presented with an actual client issue, they are notgoing to focus on the details and specifics of the client’s problem. Rather,they may be inclined to jump into easy and obvious solutions.”
If you do use one, choose wisely. If the case is about a business that'sconsidering entry into an industry, Porter's five forces may indeed be yourbest bet. If you're talking about how products get from suppliers to endconsumers, consider the value chain. Companies that are falling short on salescould use a profitability or cost vs. revenue analysis. If you're marketing anew pharmaceutical product, think about the 4 P's and the
3 C's.