Hi,
Great question. Strong brainstorming approach is something that can add a lot to your performance and separate you from other candidates.
There are typically 3 stages of any brainstorming exercise at MBB:
1) Prepare a long list of potential solutions to a problem
You need to create a MECE list of relevant ideas, which can solve the problem. Ways to approach:
- Zero drafting - this technique helps establish what you currently know and get your initial ideas out of your brain and onto paper
- SCAMPER technique
- Substitute - take a part of the product, service or process etc. that you could replace with another to see whether it will result in improvements, such as efficiency gains
- Combine - one idea might not work alone, but you could combine several ideas, processes or products into one more efficient output. A great example for a combination of two different products are cell phones with an integrated camera
- Adapt - an idea that worked to solve one problem could also be used to solve a different problem. An example for the successful adaption to a new situation is Netflix. The company started out in 1999 as a DVD rent provider, but they quickly realized that the future belongs to online streaming and changed their product
- Modify - Changing part or all of the product or process, or distorting it in an unusual way
- Put to another use - put the current product or process in another purpose or use the existing product to solve problems. For example, this technique can be used to learn how to shift an existing product to another market segment or user type
- Eliminate - eliminate inefficient processes with the goal of streamlining them. An example for eliminating is Apple’s approach to not include an optical CD drive in their laptop to make them thinner and lighter
- Reverse - explore the innovative potential when changing the order of the process in the production line
- Analogy thinking - explore inspiring cases and mix their top features with your industry, to come up with new powerful concepts
- Forced connections - take two unrelated concepts and forge a relationship between them
2) Prepare a shortlist of solutions
You need to select solutions that would be financially adequate, could be achieved in the foreseeable future and do not face any constraints of the client situation.
3) Prioritize solutions
Apply 80/20 rule to select 20% of initiatives that would generate 80% of the upside effect.
Best,
Anton