Description

Course DescriptionNearly anything could be estimated. This particular bold assertion is the key to dealing with countless challenges in business and life in general.Estimation is one of the most vital skills needed for business. No matter what type of industry or sector you work in at some point, you’re going to have to make an estimate.This is also why estimation questions are some of the most common asked during corporate interviews.If you’re trying to get a job at somewhere like McKinsey, Boston Consulting group, Morgan Stanley or even Google, you will be asked an estimation question.And if you want to ace that interview, get a new job or climb the corporate ladder then these skills are a must have.Learning how to make estimates is also crucial for business owners or people who want to own a business one day (This is especially true for entrepreneurs who never went to college.)If you’re planning on launching a hot new product, then you need to be able to know if it’s really hot, if there’s a market for it. Or else you’re just wasted a massive amount of time and money plus you’ve put your business in jeopardy.In how to estimate anything you’re going to learn how to determine your potential market size, and thereby plan out your marketing strategy and budgeting. This can also help you if you’re looking for third party funding such as venture capital.You’ll learn the basic rules for achieving a logical, professional and compelling educated guess.This course will give you an effective market sizing formula and help you answer strategic questions, like should you enter this particular market. Or should you increase your investment in this product?This course is also useful for corporate executives.The skills you’ll learn will help you to make better decisions and run the business better or get promoted faster.And if you’re a business student, struggling with their studies this course can also come in useful.Everything is explained very simply, and practical examples are given throughout. And you may prefer our teaching style to your professors.We will cover estimation techniques in a way that won’t get you bogged down in unessential details or feel overwhelmed.You’ll receive expert advice on industrial background, macro drivers, insight and framework to solve any estimation case.And know prior knowledge is needed – this course does build upon concepts it assumes you have already learned – it’s been designed for those with little to no knowledge about estimation.So if you know you need to learn this topic to take your business or career to the next level, then this is a superb course to start with.In this program, we begin with a grand tour through different industries.At the beginning of each section, we’ll classify companies into industrial groupings according to similar production processes, similar products, or similar behavior in stock markets.Then we’ll take a look at ways you can get going quickly by using our unique and powerful framework to estimate the value in each industry.Here are just a few of the things you’ll learn in this course.Cases Include:How many gas stations are needed in Germany?Estimate paint used on iPhone worldwideHow many people fly in and out of O’Hare international AirportTicket revenue of barcelona FC in a single seasonMarket value for bMW vehicles in MongoliaMarket value of Luis Vuitton women bags in Shanghai in a yearHigh-end bespoke suite market size in China per annumValue of digital magazines for men in the USMarket size for bottle beer consumer in Japan per annumHow many red delicious apples sold in the US each year?Market value for diabetes treatment in CanadaHow much would United Health pay in taxes each year?Annual advertising revenue of SpotifyValue of SMSs in Thailand per annumMarket size of Tesla Powerwall in the United StatesCurriculumSection 1: introductionLecture 1 Welcome – 01:23Lecture 2 Using the excise files – 00:39Section 2: Estimation FundamentalsLecture 3 What’s an estimation case? – 02:08Lecture 4 Solving an estimation case – 04:20Section 3: industry Overview Lecture 5 Exploring Global industry Classification Standard – 02:12Lecture 6 introduction to Global industry Classification Standard full list – ArticleSection 4: EnergyLecture 7 Sector overview – 03:44Lecture 8 Researching energy flow – ArticleLecture 9 How many gas stations are needed in Germany? – 05:28Section 5: Materials Lecture 10 Sector overview – 06:11Lecture 11 Estimating paint used on iPhone worldwide – 05:41Section 6: industrialsLecture 12 Sector overview – 01:35Lecture 13 How many people fly in and out of O’Hare international Airport – 07:49Section 7: Consumer DiscretionaryLecture 14 Sector overview – 04:41Lecture 15 Ticket revenue of barcelona FC in a single season – 05:03Lecture 16 Market value for bMW vehicles in Mongolia – 03:00Lecture 17 Market value of Luis Vuitton women bags and luggage in Shanghai in a year – 05:39Lecture 18 High-end bespoke market size for men in China per annum – 03:14Lecture 19 Market size of US online magazine for men in US in a year – 02:59Section 8: Consumer StaplesLecture 20 Sector overview – 07:25Lecture 21 Market size for bottle beer consumed in Japan per annum – 03:57Lecture 22 How many red delicious apple sold in U.S. each year? – 02:57Section 9: HealthcareLecture 23 Sector overview – 08:23Lecture 24 Market value for diabetes treatment in Canada – 03:54Section 10: FinancialsLecture 25 Sector overview – 01:45Lecture 26 What tax would UnitedHealth pay per year? – 05:10Section 11: information TechnologyLecture 27 Sector overview – 01:59Lecture 28 Advertising revenue of Spotify in a year – 04:01Section 12: Telecommunication ServicesLecture 29 Sector overview – 02:35Lecture 30 Value of SMSs in Thailand Per Annum – 03:33Section 13: UtilitiesLecture 31 Sector overview – 03:05Lecture 32 Market size of Tesla Powerwall in the United States – 03:56Section 14: ConclusionLecture 33 Next steps – 01:16Lecture 34 Practice cases – ArticleLecture 35 Get full access to our entire course library – ArticleAll Credits to Original Releaser