5 Business management questions frequently asked by hiring managers
A business manager is a leadership position requiring an aspirant to have excellent communication and organisational skills. They oversee the company’s operation and evaluate the employees’ performance, among other things. Therefore, aspiring candidates, who want to make a career in business management, need to prepare for the in-person interview beforehand.
We have listed five commonly asked questions below, followed by general questions for freshers and experienced professionals. Preparing for these questions will increase your chances of getting the job.
Top Business Manager Interview Questions And Answers
- How do you lead a business meeting?
Business managers regularly meet with their teams to establish goals and objectives and suggest ways to achieve them, among others. In addition, the business manager leads team meetings, which requires them to have excellent communication and organisational skills.
With this question, hiring managers try to gauge the skills possessed by an aspiring business manager. So, while answering the question, you must be conscious of how to formulate the answer.
Below, we have given an example of how to answer this Business manager interview question.
Generally, I start the meeting by outlining the agenda out loud. It makes me keep the meeting productive and short, ensuring I don’t forget anything important. In addition, I encourage my team members to submit any questions they might have beforehand so we can have an in-person discussion on it.
2. How important is the budget for a project?
Irrespective of the company size or industry the business operates in, budgets play an essential role in project planning. A skilled and trained business manager understands the importance of a project budget in an organisation and tries their best to keep them in control. Interviewers often ask this question to know how a business manager puts to test their problem-solving skills and business acumen to complete the project successfully without wasting the company’s resources.
Here’s how you can answer this question:
Budgets are significant to drive a project to success. Therefore, I reevaluate projected expenses and make cuts in the budget to avoid the wastage of resources. Once I have reached a satisfying number, I communicate my budget plans to key stakeholders for approval.
3. What steps do you take to ensure your team follows the company’s values?
A business manager ensures that their team has a unified goal that matches the company’s objective. Being in a leadership position, business managers are responsible for communicating and making their team aware of the business’s long-term plans. With this question, the interviewer wants to know if the aspirant is someone who appreciates and recognises company values.
Here’s how you can answer this question:
I will ensure that my team harmoniously works towards achieving the company’s goals, starting with recruiting candidates who support the values and mission of the business and conducting meetings and discussions around the company’s goals and objectives.
4. How would you motivate your team?
Employers ask this question to know your creativity and dedication to managing different teams. You can use this opportunity to discuss your leadership style. For instance, you can share examples of how your motivation tactics helped yield favourable results, or how you switched to different types of leadership styles to improve your team’s performance.
5. What is your decision-making process?
Since business managers are team supervisors, hiring managers will evaluate their leadership and crisis management skills. This question helps the interviewers understand the aspirants’ thought processes and attitudes while handling a business situation. Here is how you can answer this question:
I try to understand the situation before reaching any conclusion ultimately. I also do a SWOT analysis when the problem escalates faster and can have incorrigible effects on the organisation. Whatever my decision is, I run it with the stakeholders first and get their opinion on the matter.
Business Manager Interview Questions And Answers For Freshers
- What is leadership according to you?
- What makes a strong leader?
- What weaknesses can you improve upon?
- What experience do you have with creating budgets?
- How do you measure a team’s success?
Business Manager Interview Questions And Answers For Experienced Professionals
- How will you manage a team with a poor work ethic?
- What are the industry trends you have noticed lately?
- What measures will you take to ensure our business grows?
- What is business strategy to you, and how important is it in our company?
- How will you use analytics in your business?
Business Management Courses From Emeritus India
The process of organisation and coordination of business activity is called Business management. Meanwhile, business managers are leaders who oversee employees and processes. In addition to that, here are some of the skills required to become an excellent business manager:
- Customer service skill
- Attention to detail
- Interpersonal skills
- Active listener
- Leadership skills
If you want a career in brand management, taking advanced online courses in business management will help accentuate your path. Emeritus India offers some of the best certificate courses in business management in partnership with renowned Indian universities.