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        "html_text": "<div class=\"fr-view\"><p style='margin:0cm;font-size:16px;font-family:\"Cambria\",serif;margin-bottom:10.0pt;text-align:justify;'><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: rgb(0, 0, 0);\">There are different types of frameworks that you can use to tackle the business problems that you may face during interviews, for example:</span></span></span></p><ul><li style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">A <strong>SWOT analysis</strong> can be used to conduct an internal review of how a business is performing and how well it is positioned to take advantage of present/future opportunities and tackle any present/future challenges.&nbsp;</span></span></span></span></li><li style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: rgb(0, 0, 0);\">Profitability problems may have a quantitative focus and relate to a company&rsquo;s revenue, costs and profit margins (and how these elements could be improved). The <strong>Profitability Framework</strong> may be of some use when tackling these types of problems.&nbsp;</span></span></span></li><li><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">A <strong>PESTLE analysis</strong> can help you to outline the impact that political (<strong>P</strong>), economic (<strong>E</strong>), socio-cultural (<strong>S</strong>) technological (<strong>T</strong>), legal (<strong>L</strong>) and environmental (<strong>E</strong>) factors have on a particular industry (and thus the businesses operating within that industry). &nbsp;</span></span></span></span></li><li style=\"text-align: justify;\"><span style=\"font-size: 14px;\"><span style=\"font-family: Verdana,Geneva,sans-serif;\"><span style=\"color: rgb(0, 0, 0);\"><span style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">The <strong>Porter&#39;s Five Forces framework</strong> sets out various factors to consider when trying to understand the competitive landscape within a particular industry, with a view to supporting analysis around the attractiveness of that industry in terms of the opportunities it provides to generate profitability.&nbsp;</span></span></span></span></li><li style=\"text-align: justify;\"><span style=\"font-size: 14px; font-family: Verdana, Geneva, sans-serif; color: rgb(0, 0, 0);\">More conceptual problems may have a greater emphasis on qualitative issues such as risks, marketing, strategy and human capital. The <strong>Business Situation Framework</strong> can be useful when answering questions that focus on these types of issues.&nbsp;</span></li></ul><p style=\"text-align: justify;\"><span style=\"color: rgb(0, 0, 0); font-size: 14px; font-family: Verdana, Geneva, sans-serif;\">Frameworks such as those covered throughout this chapter can act as checklists to help you identify any missing information and ensure that you&rsquo;re covering all relevant bases. They can also help you to process and organise the information you receive during a commercial awareness or case study interview, which in turn can enable you to structure presentations and discussions in a way that your interviewers can easily follow (i.e. coherently, without overlapping points).&nbsp;</span></p><p style=\"text-align: justify;\"><span style=\"color: rgb(0, 0, 0); font-size: 14px; font-family: Verdana, Geneva, sans-serif;\">However, it&#39;s important that you carefully consider the precise questions you&rsquo;re asked, and that you don&rsquo;t stick too rigidly to a particular framework structure if this would involve departing from your brief or failing to structure answers in a way that makes sense in the context. In such cases, perhaps use frameworks only for inspiration and support.</span></p></div>",
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