I am interested in applying for Association Consultant at Bain & Company. I learned about this position from your official website. I believe my education and skills make me a qualified candidate for the position.
I am currently studying at The London School of Economics and Political Science for a master degree in Management Science (Decision Science); and I got my Bachelor of Science degree in Supply Chain & Information Systems and minoring in International Business at The Pennsylvania State University, which is one of the best ranked school for Supply Chain in the United States. During my master career, I enhance my critical thinking skills for decision-making, which helps me to think more clearly about complex issues. By training for statistical and other techniques for gaining insights from data combines with behavioral science, I build my own construction of decision-making models using variety of management science techniques to make better decisions in real life situation.
During my undergraduate career, I obtained experience and technical knowledge for different sectors of business, such as management, marketing, finance, accounting, and mainly focused on the supply chain & IT systems to enlarge the profit for corporations. I learned how to utilize forecasts to fulfill demand on tight schedules, maximize the efficiency of a production line, create a strategic plan for procurement, manage and analyze the hazards in projects, and apply these concepts to solve real life situations. I have developed an understanding of technical concepts in supply chain. In my sophomore year, I also led a team for my management project where we developed pushing market strategies to fundraise for the Salvation Army. In the end, we raised $2,500 in two weeks and became one of the top five teams on campus, which helped me to improve my leadership and interpersonal skills. Therefore, I am confident I will be a strong candidate for this position with my academic skills.
Besides my academic background, I also have completed two internships related to corporate work. I worked with a Chinese company, Far East Pharmaceutical Group, the largest Blueberry Plant and Supply Chain Company in Asia. Before junior year summer, I interned as an operation consultant, assisting management with data evaluation by utilizing Excel and Risk regularly. In these positions, I learned how to communicate with colleagues and how to work with a team. The most important things I learned are the logical processes to solve real problems at work, which are understanding the problem, collecting the received data we need, developing the assumptions for our data, thinking where we can be wrong, upgrading our data, redoing the calculations and analysis and then come with the final solutions. My second experience was last summer as a Strategic Business Analyst Intern where I helped my manager to analyze company’s asset and industry metrics to advise on financial risk for developing sales projects. During the internship, I increased my understanding of the processes for the development of the company. Long-term goals should be building as a pyramid, starting from bottom to top, step by step.
The skills described above and in the enclosed resume are demonstrations of my qualifications for Association Consultant at Bain & Company. I appreciate your time and consideration. Please feel free to contact me
Part 2
In this report, I am going to act as an expert member of a consulting team in the Boston Consulting Group (BCG). I am going to report the biases I identified for Doug McMillon, the CEO of Wal-Mart.
In the first part of my essay, I am going to prepare a memorandum to the CEO of Wal-Mart based on the decision they made in 2015, “The world’s biggest retailer, Wal-Mart, Plans to open 115 new stores in China by 2017 in order become an integral part of China's economy.” The purpose for part 1 is to state the biases in these decisions and summary the recommendation based on how to make better strategy by using de-biasing techniques. Meanwhile, I will also mention about what is “decision” and “good decision” in this part. As well, the purpose for this part is to tell audiences what’s this report about.
Then the second part, I am going to justify the specific recommendations presented in the memorandum with reference to behavioral and decision science literature and theories covered during the course. To be more specific, I am going analysis the problem first and lead them how to make a better strategy by checking the quality of decision they made, and then using methods of structuring and framing decisions, deciding with conflicting objectives, deciding with risk and uncertainty analyses and group discussion. During the essay, I will also following outline for my report.
Purpose: To explain why Wal-Mart plans to become an integral part of China’s economy by opening 115 new stores in China by 2017 has biases and to propose a series of decision modeling and decision analytic techniques to eliminate the biases. Wal-Mart believes opens more stores in some
INTRODUCTION
I. Wal-Mart, the world’s biggest retailer, had 411 stores in China in 2015. However, its net sales in China fell 0.7% from December 2014 to January from a year ago. Therefore, they are going to spend $60m (£39m) to remodel more than 50 stores in some major cities such as Shanghai, Shenzhen and Wuhan and create 30,000 more jobs. The decision they made has biases and it is not the best strategy. Therefore, they can improve their decision by using de-biasing techniques and some accurate decision analysis.
II. How we approached this problem
a. Research on the overall economics and retail market research in China.
b. Take surveys regarding Chinese consumer experiences for shopping in Wal-Mart
c. Speak with other experts in the industry
i. Owners of other retail stores in China
ii. Owners of other similar business experts in China
Conclusion: The main reason for reducing sales in China is not highly depends on the amount stores in major cities.
BODY
I. Check the decision quality and combine with the problems we found
a. Meaningful, reliable information
b. Clear values and trade-offs
c. Logically correct reasoning
d. Commitment to action
e. Creative doable alternatives
II. Decision should bring the enough return for investment? (Structuring and Framing Decision)
a. Expected Utility (Preference + Value)
III. Decision should help them reach their aims (Deciding with Conflicting Objectives)
a. How to pick the best strategy with different strategy to pick? (LEX, SAT, EBA, ADD)
IV. Decision should think about Risk and Uncertainty?
V. Good decision should make in Groups
Conclusion
(Transition: Through these each techniques, I will find some reference and create some data to support my report.)