Business frameworks to know before IIM Udaipur interview: BCG Matrix (most frequently asked), Porter's 5 Forces, McKinsey 7S, SWOT Analysis, PESTEL Analysis, Ansoff Matrix, McKinsey Consumer Journey. The OP of this IIM Udaipur thread was asked specifically to draw and explain BCG Matrix. IIM Udaipur at Rs 16L fees and Rs 18 LPA average tests strategy frameworks because they're foundational to consulting and management roles.
BCG Matrix: 4 quadrants (Stars, Cash Cows, Question Marks, Dogs), 2 axes (market growth rate, market share). Know when to use BCG: portfolio analysis for diversified companies. Porter's 5 Forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitutes, competitive rivalry.
Use for industry attractiveness analysis. McKinsey 7S: Strategy, Structure, Systems, Shared Values, Skills, Style, Staff. Use for organizational analysis.
SWOT: Strengths, Weaknesses, Opportunities, Threats. Use for strategic planning. PESTEL: Political, Economic, Social, Technological, Environmental, Legal.
Use for macro-environment analysis. Practice explaining each framework in 60-90 seconds with real-world examples. For BCG specifically, applying it to Indian companies: TCS (Cash Cow), Reliance Jio (Star), Maruti Suzuki (Cash Cow), Ola/Uber (Question Mark).
Prepare to draw matrices on paper if panel provides stationery. Check your eligibility at collvera.