For example, through change management, process development, or decision making.
When MBA interviewers ask about a time when you had to improve business performance, they are looking to see if you have the skills and experience necessary for the role.
Pro Tip: To answer tricky MBA interview questions like this well, you'll need to be able to describe a situation in which you identified an issue and took steps to resolve it.
You'll also want to highlight any results that you achieved.
By highlighting your successes, you can demonstrate that you're capable of taking on the challenge of improving business performance.
If you can share a story that demonstrates your ability to think innovatively and strategically, all the better.
Showing that you have what it takes to succeed in this area will help set yourself apart from other candidates.
Interview Questions for MBA: Describe a situation where you were required to improve business performance
I was required to improve business performance by leading a change management project. We were able to successfully implement the changes and improve performance.
What was involved in the change management project?
The change management project required me to lead a team in implementing changes to improve business performance. We were successful in our efforts, and the company saw an improvement in its bottom line.
What changes did you implement?
We implemented several changes, including new production methods, changes in how we marketed our products, and instituted new policies and procedures. All of these changes helped to improve the company's performance.
How did you know that these changes would be effective?
We did a lot of research before making any changes. We looked at what other companies were doing that was successful, and we consulted with experts in the field. We also tested the changes on a small scale before implementing them company-wide.
What was the biggest challenge you faced during the project?
The biggest challenge was getting everyone on board with the changes. We had to sell the idea to upper management, and then we had to train all the employees on the new policies and procedures. It was a lot of work but worth it in the end.
The company's performance did improve after implementing the new changes. There were some challenges along the way, but overall it was a success.
How did you measure the increase in performance due to the changes implemented?
We looked at various factors, including employee satisfaction surveys, production numbers, and quality control metrics. The results were positive across the board, and we saw a significant improvement in performance after implementing the new changes.
Some quantified examples of the results include:
- Employee satisfaction scores increased by 5%
- Production numbers increased by 10%
- Quality control metrics improved by 3%
Overall, we were pleased with the results of the new changes and saw a significant improvement in performance across the board. We would recommend this approach to other companies looking to improve their performance.