Sample interview questions: How do you assess the financial impact of changes in technology or industry trends?
Sample answer:
Assessing the Financial Impact of Technological and Industry Trends
- Analyze Historical Data: Review past performance and identify correlations between technological advancements or industry shifts and financial outcomes.
- Monitor Market Intelligence: Stay abreast of emerging trends, technological innovations, and industry shifts through research publications, industry reports, and conferences.
- Conduct Scenario Planning: Develop multiple scenarios to assess the potential financial impact of various technological or industry trends. Consider both positive and negative effects.
- Quantify Impacts: Use financial modeling techniques to estimate the potential financial impacts, including changes in revenue, … Read full answer