This is a strategy/knowledge base lesson I use in my MBA class for new students, especially those going for the Finance diploma. With that said, these are my notes to my students:
If you're a finance MBA major, you'd better stop here--and see the real world that waits ahead.
Stop right here--ESPECIALLY if you are a finance major. If you're a human resources major, then watch and make notes that this kind of person exists in the executive offices above you.
This is a real-life event: it came from the Mortgage Collapse of 2008, and Shearson-Lehman Brothers brokerage was the role model for this kind of casualty that cost jobs and a BOATLOAD of money. But NOT for this CEO--because in estimation, he was making $70 million a year and wasn't about to give that up. And he KNOWS what the problem is because he's signed off on it months ago. And he KNOWS what should be done--he just wants to hear that his team is in synch.
So this is what I call a verbal business brief: "Explain what's the problem, why is it a problem, how did it happen, what should be done, and how fast." The capacity that you answer may be either the exit door or a promotion.
(PS: listen to him rattle off those years of economic crashes--and his view of the results. "It's only pieces of paper with numbers on it so that we don't have to kill each other to get something to eat.") And you want something MORE keen that this? Look at the comments posted by others.
https://www.youtube.com/watch?v=fij_ixfjiZE
