Explanation

Answer Example

I would begin by clarifying the client's objectives and gathering data. First, I’d analyze internal factors such as sales team performance, pricing strategy, and operational inefficiencies using KPIs like conversion rates and inventory turnover. Concurrently, I’d assess external factors like competitive landscape, market trends, and consumer preferences through market research and benchmarking. By synthesizing both perspectives, I could identify whether the issue stems from internal or external causes. For example, in a previous engagement, I discovered that a client’s sales decline was due to outdated technology, which we resolved with a digital transformation strategy, resulting in a 20% sales increase within six months.