"Businesses depend on their business managers to oversee the operations of a department to ensure that goals are being met and productivity is consistent. In an interview, expect to cover questions about large accounts you may have managed, your previous experiences in business, and how you handle conflict or stress. In addition, you may be asked to explain how you validate data integrity or to even provide a sales pitch for their company."
Business manager Interview Questions
Businesses depend on their business managers to oversee the operations of a department to ensure that goals are being met and productivity is consistent. In an interview, expect to cover questions about large accounts you may have managed, your previous experiences in business, and how you handle conflict or stress.
Top Business Manager Interview Questions & How to Answer
Here are three top business manager interview questions and how to answer them:
Question #1: What do you do when you're given a project with a small budget?
How to answer: With this question, you can showcase your problem-solving skills and your ability to increase efficiency and cut costs. Talk about how you would make the project successful without exceeding your budget. For example, you could say that you would use an unpaid intern.
Question #2: How do you conduct business meetings to keep everything running smoothly?
How to answer: Meeting with coworkers is an important part of a business manager's responsibilities. Talk about how you would make sure everyone has the software for virtual meetings, create a meeting agenda, and give a detailed summary to people who can't attend. You can also mention that you would keep meetings short to maintain high productivity levels.
Question #3: What strategies will you use to motivate your team?
How to answer: Talk about your management style and how you motivate subordinates. You can also discuss how you deliver feedback to employees and interact with them based on differences in their personalities. For example, some people may be more motivated by a potential raise, and others may want an award or additional authority more.
What would you do to grow our business. How would someone know this if they were not from that industry.3 Answers
The COO or what ever he's calling himself was a joke. He knew very little of the business and wanted everyone out of the firm that realized he was an insecure buffoon. The owner needed a son more than a leader. Less
Out of the box thinking ideas come to people who are not from that business. Also the ideas that worked in other industries that we can use here. Less
I would examine your 80/20 and profit margins and make determinations of where we were wasting our time and focus on the 80/20. The COO could not tell me event when I was hired what these were and he labeled himself as a numbers guy. What a joke. Less
Tell me about a time you used analysis to make a business-critical decision. Walk me through the analysis and outcome.2 Answers
So is this a kind of Leadership Principle questions? Thank you for sharing your experience. Wondering have you tried Rooftop Slushie for your interview prep? I saw some posts similar with your experience - which are really useful for me so far. rooftopslushie.com Less
I analyzed the output of all the machines on our factory sales floor and determined what the bottleneck machines were. I put in a request to purchase more of the bottleneck machines. The new machines alleviated the bottleneck in production, drastically speeding up the total output of the factory in the process. Less
What markets do you think Cisco should get into and why?2 Answers
Webex: extend product and bring out a competing product for zoom, whatsApp. They have the technology, just need a data-center to support that free app scale. It will double their stock in 1-2 years. Less
Cisco is already touching the SMB and consumer segment, esp. with its managed services. Public TelePresence at a low enough price would be extremely attractive to consumers in less developed areas. With Cisco's experience in using games to promote its products, offering game hosting as a managed service is not such a big leap. Less
The typical "difficult" question that comes up in Business Intelligence is (and I'm paraphrasing), "What's the best data warehouse solution?".1 Answers
It's a great question but analogous to asking, "What's the best house or the best car?". The answer depends on several factors. I'd start with requirements and budget and discuss what is possible within those parameters. If you watch "Property Virgins" on HGTV, the educational process is similar, as are the "buyers" perceptions. Less
Credit card insurance case: calculate break-even claim rate where response rate = 2%, fee charged = 1% of monthly balance, and average balance = $1,000 per month.8 Answers
Don't think there's enough info here to solve. Response rate is 2%, but you need to know how much the marketing costs to be able to determine the breakeven. Less
I think the break even claim rate for this insurance scheme would be 1%. (Keeping all other non-mentioned costs aside) Let's assume 100 customers are contacted: 2% response rate = 2 people buy insurance. Revenue: 2 * (1% of 1000) = $20 At break even, cost would also be $20. Let the claim rate be x% (Note: this will be a percentage of the people who have bought the insurance, i.e. x% of 2% of 100) Insurance pay-out = $1000 per claim Cost: 1000 * x% of 2 = 1000 * x/100 * 2 = 20x Now, revenue = cost at break even, hence: $20 = 20x x = 1 So the B/E claim rate would be 1%. Less
I am assuming that the marketing cost is $0.5 per mail. So, if 10000 people are sent mail, 2% respond i.e. 200 people revenue - fee charged * balance * no of people * 12(for a year) i.e. 1% * 1000 * 200 * 12 = 24000 cost- 0.5*10000 = 5000 for mailers lets say claim rate is c% so, c% * 1000 * 200 i.e. 2000c (claims are assumed yearly so no need to multiply by 12) so total cost = 5000 + 2000c in case of break even, revenue will be equal to cost. there for 5000 + 2000c = 24000 i.e. c = 9.5 or break even claim rate = 9.5% Less