How to Answer: What are some of the challenges you see that are facing this industry?
Advice and answer examples written specifically for an Account Executive job interview.
15. What are some of the challenges you see that are facing this industry?
Why the Interviewer Asks This Question
The interviewer is trying to see if you have done your research on their products, services, and industry. This is just another way of asking what you know about their company and to see if you have even looked at their website.
Written by Judy Smith on March 13th, 2022
What to Avoid
Avoid mentioning that there are no challenges in the industry because every industry and company has its challenges. Do not discuss challenges in a negative way or where you feel like they can't be overcome.
Written by Judy Smith on March 13th, 2022
How to Answer
If you have done your research then state what you think are some challenges based on what you have read and a couple of ways you think they can be avoided. If you have no idea then be honest and state that you have not done your research. However, be sure to iterate that it will be one of the first things you do to be able to overcome any objections that you might face.
Written by Judy Smith on March 13th, 2022
Answer Example
"One of the challenges that I see in this industry is that there are many players in the space that are new and trying to get in front of new clients. What attracted me to this company is that your approach is unique in how you're selling new clients time, yes we are selling a product, but this product is allowing them more time to build their business. More time building their business leads to more profits and growth in less time."
Written by Judy Smith on March 13th, 2022