Describe a recent professional project you have completed or are currently working on.
My teams are currently working on a series of projects that will allow our customers to purchase products from large retailers using the financing options we offer. I am responsible for developing the overall business and technical strategies for each retailer we work with. I also facilitate the negotiation discussions between the business and technical leaders at each company we partner with.
The analysts and technical experts on my team have done a fantastic job of partnering with the teams at each retailer. The systems used are different each time and they jump right in and work to develop a tactical plan in alignment with our goals. We learn more with each milestone that we achieve and the program of work has been a huge success so far. I am passionate about maintaining an open and collaborative culture and it has served our teams well.
We have increased our product offerings by 750% within a year and our revenue by 43% during a significant market downturn. We have successfully developed inventory and purchasing integration with two major retailers so far, and we are currently on track to go live with two more by the end of this year.
Your answer to this question provides several useful data points for your MIT Sloan interviewer to consider. It helps them to better understand your roles and responsibilities. It helps them understand more about the work of your organization and provides context for your current business goals. Finally, it helps them understand your ability to generate value within a real-world setting.
As an MBA student, you will demonstrate the ability to provide an executive summary of a project or an initiative during your time at MIT Sloan. This question is an excellent opportunity to prove that you already possess this important business skill.
Start with a brief description of the goal or purpose of your project. Next, explain the purpose of your role specifically. Then, provide a bit of detail about the challenges you have faced or what makes the project a significant effort for you or your team. Finally, close your summary by describing the impact your project had, or is projected to have. It is helpful to provide statistics that speak to the success of your project if applicable. In the event you describe a project that was a failure, be sure to include what you learned from the experience.
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