PRICE Hypothesis Generation Framework
Last Updated 01/2017
English
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15 min! Run Time
15 min! Run Time
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Skills covered in this course
Description
A clear hypothesis is one of the most powerful tools for cracking any business problem, and it is how top consultants start. This resource explains the PRICE framework.
What this resource covers:
- Why a strong hypothesis drives problem-solving
- The PRICE framework used at firms like McKinsey, Bain, and BCG
- How to test whether a hypothesis holds up
- Template slides to reuse in your own presentations
Ideal for consultants, analysts, and strategy professionals. Delivered as a 15-slide deck.
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Author
What Is Flevy?
Flevy develops management training guides of the same caliber as those produced by top-tier management consulting firms, like McKinsey, Bain, Accenture, BCG, and Deloitte. In fact, our authors include ex-consultants from all these firms. Most of our materials were developed by seasoned executives and consultants with 20+ years of experience.
PRICE Hypothesis Generation Framework
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PRICE Hypothesis Generation Framework (500 KB)
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This course is designed for employees who need to complete PRICE Hypothesis Generation Framework training
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This is a 15-slide PowerPoint.
Forming a coherent hypothesis is an instrumental tool when analyzing and addressing any business problem. It is a common approach used by management consultants. When evaluating any new, abstract business problem, it is wise to begin by forming an hypothesis related to the problem.
A popular consulting framework for forming a hypothesis is PRICE. PRICE is used by strategy consulting firms like McKinsey, Bain, and BCG. It can be used to test a hypothesis, determine if the hypothesis is valid, and answer questions, like, Does the hypothesis make sense? Should it be discarded? Should it be reworded?
This document explains the PRICE framework and provides template slides to be used in your own presentations.