Sample interview questions: How do you assess the potential impact of technological advancements on business development?
Sample answer:
Assessing the Potential Impact of Technological Advancements on Business Development
1. Monitor Industry Trends:
- Stay abreast of emerging technologies and their applications in relevant industries.
- Track industry reports, attend conferences, and connect with innovators to gain perspectives.
2. Conduct Market Research:
- Survey customers and conduct focus groups to identify their technology needs and preferences.
- Analyze competitor offerings to understand how they are leveraging technology.
3. Forecast Impact:
- Evaluate the potential impact of specific technological advancements on business processes, customer experience, and market dynamics.
- Consider both short-term and long-term implications.
4. Identify Opportunities:
- Explore how new technologies can enhance existing products, services, or revenue streams.
- Identify opportunities to create new markets or disrupt existing ones.
5. Assess Risks:
- Consider the potential risks associated with adopting new technologies, such as disruption, security breach… Read full answer
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