What does it mean when firms say "we want to see how you think"

In PE/HF case study interviews, what do you mean when you say "we want to see how you think"? Are you expecting some kind of outside-the-box thinking (which is hard to achieve given the lack of experience)? Are you looking at the logic in their argument?

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Same with when firms say they are looking for not only econ/STEM majors but also poli sci/humanities majors because supposedly they would think "differently". How much of that claim is valid?

 
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It's how you approach the answer. 

For example - investing in a residential solar panel installer.  Assuming financials are fine, business wise thinking about it as renewable energy strong industry tailwinds, pass through etc. etc. would be a pretty poor answer if you stopped there. 

If you touched on it being basically a commoditized roofing company with low barriers to entry - answer gets a bit better. Lastly including regulatory, ie thinking through residential solar tax credits and change in administration and those dynamics can make the answer much more well rounded.

 

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