Sample interview questions: How do you assess and leverage the potential of emerging technologies or disruptive innovations in business development?
Sample answer:
Assessing the Potential of Emerging Technologies and Disruptive Innovations
- Identify Industry Trends: Monitor industry reports, attend conferences, and network with thought leaders to identify emerging technologies and innovations that align with business objectives.
- Conduct Market Research: Conduct surveys, interviews, and focus groups to gather insights into customer needs, preferences, and perceptions of new technologies.
- Evaluate Technical Feasibility: Collaborate with technical teams to assess the technical viability of emerging technologies and their potential impact on business processes.
- Calculate Return on Investment (ROI): Estimate the potential financial and non-financial benefits of implementing new technologies and quantify their impact on key business metrics.
Leveraging the Potential
- Create a Innovation Roadmap: Develop a strategic plan that outlines the integration of emerging technologies into business development initiatives.
- Establish Partnerships: Collaborate with technology pr… Read full answer
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