← Mastercard Interview Insights
I spent too long on the problem framing and not enough time actually designing something concrete.
Start by clarifying the goal: reduce labor costs for restaurants through a purchase order system, leveraging Mastercard's strengths in payments and data. Then, segment restaurants, identify pain points in current procurement, and design a solution that integrates ordering, payments, and analytics. Finally, outline a go-to-market strategy and success metrics.
Pro tip: Emphasize how the product can drive incremental value for Mastercard beyond just payments, such as capturing B2B transaction data to offer insights and financing. Also, highlight the importance of interoperability with existing restaurant management systems to reduce adoption friction.
Confirm the primary goal is reducing labor costs and understand any constraints, such as budget or timeline. Ask clarifying questions about target restaurant size, cuisine type, and current procurement processes.
Identify key restaurant segments (e.g., quick service, fine dining, chains) and their unique pain points in procurement. Conduct user research to map the current purchase order workflow and identify labor-intensive steps.
Brainstorm features that automate and streamline ordering, such as supplier integration, automated reordering, and digital approvals. Prioritize based on impact on labor reduction and feasibility, considering Mastercard's capabilities.
Outline a minimum viable product that addresses the most critical pain points, such as a mobile app for easy order creation and payment. Define success metrics like reduction in order processing time, labor cost savings, and adoption rate.
Develop a GTM strategy targeting restaurants through partnerships with suppliers or POS providers. Consider monetization via transaction fees, subscription, or value-added services like analytics, aligning with Mastercard's business model.
AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.