Other Ideas Intern Interview Questions and Answers

The ROI of my project at Hero Motocorp was calculated by comparing the project's benefits to its costs.

• Identified all costs associated with the project

• Quantified the benefits of the project

• Calculated the net profit of the project

• Divided the net profit by the total cost of the project to get the ROI

• Example: If the net profit was $100,000 and the total cost was $50,000, the ROI would be 200%

I enjoyed studying economics the most in my first term. Economies of scale occur when production costs decrease as output increases. However, after a certain volume, costs increase due to diminishing returns.

• Economies of scale refer to the cost advantages that a business can achieve by increasing production output.

• As production increases, fixed costs are spread over a larger output, resulting in lower average costs.

• How...read more

ABC Analysis is a technique used in inventory management to categorize items based on their importance.

• Items are categorized into three groups: A, B, and C.

• Group A items are the most important and require the most attention.

• Group C items are the least important and require the least attention.

• The analysis is based on the Pareto principle, which states that 80% of the effects come from 20% of the causes.

• ABC Analysis hel...read more

As an entrepreneur, I would prioritize customer satisfaction and ethical business practices over short-term gains.

• Negative publicity can have long-lasting effects on a company's reputation and customer trust.

• Instead of focusing on sales at any cost, I would prioritize building a loyal customer base through quality products and excellent customer service.

• I would also ensure that my company operates ethically and transpa...read more

I have pursued my MBA at IIM Lucknow and have been involved in various academic and extracurricular activities.

• Completed core courses in finance, marketing, operations, and strategy

• Participated in case study competitions and won prizes

• Organized cultural events and managed logistics

• Volunteered for social initiatives like blood donation drives and teaching underprivileged children

• Interned at a leading consulting firm and...read more

Harry Markowitz model is a portfolio optimization model that helps investors to minimize risk and maximize returns.

• The model uses diversification to minimize risk

• It considers the correlation between assets

• It helps investors to find the optimal portfolio

• Other models to measure risk include the Capital Asset Pricing Model (CAPM) and the Fama-French Three-Factor Model

• CAPM measures the expected return of an asset based on ...read more

NPV and IRR are both methods used to evaluate the profitability of an investment, but they differ in their approach.

• NPV calculates the present value of future cash flows, while IRR calculates the rate at which the investment breaks even.

• NPV assumes a discount rate, while IRR assumes a reinvestment rate.

• NPV is more accurate when comparing investments with different cash flow patterns, while IRR can be misleading in such...read more

The journey in IIM Lucknow has been challenging yet rewarding.

• The academic rigor has been intense

• The diverse student community has enriched the experience

• The faculty members are knowledgeable and supportive

• The extracurricular activities have provided opportunities for personal growth

• Internship and placement opportunities have been promising

Commoditizing perfume sold at Jaipur City Palace used by the royal family.

• Create a brand around the perfume with a unique name and packaging

• Offer different sizes and variations of the perfume

• Sell the perfume online and in retail stores

• Collaborate with popular influencers to promote the perfume

• Offer limited edition versions of the perfume

• Create a loyalty program for customers

• Offer discounts and promotions to attract cus...read more

I am passionate about problem-solving and enjoy working with diverse clients to help them achieve their goals.

• Consulting offers the opportunity to work on a variety of projects and industries

• I enjoy collaborating with clients to identify and solve complex problems

• Consulting provides a fast-paced and challenging work environment

• I am interested in developing my skills in areas such as strategy, operations, and technology

• ...read more

Analyzing an income statement reveals a company's profitability, revenue trends, and operational efficiency.

• 1. Revenue Growth: Look for consistent growth in revenue over time. For example, a company with a 10% annual revenue increase indicates strong demand.

• 2. Gross Profit Margin: Assess the gross profit margin to understand production efficiency. A margin of 40% suggests effective cost management.

• 3. Operating Expenses...read more

My academic section is strong because I have consistently prioritized my education and pursued opportunities to excel.

• I have maintained a high GPA throughout my academic career

• I have taken challenging courses and pursued advanced degrees

• I have participated in research projects and academic competitions

• I have sought out internships and other opportunities to gain practical experience

• I have received recognition for my ac...read more

Developing and implementing a new project management system resulting in a 30% increase in project completion rate.

• Developed a new project management system that streamlined processes and increased efficiency

• Implemented the system across multiple departments and trained staff on its use

• Monitored progress and made adjustments as necessary to ensure success

• Resulted in a 30% increase in project completion rate and improve...read more

I would focus on networking and job search to secure a position in a reputable company.

• Attend job fairs and networking events

• Update my resume and LinkedIn profile

• Research companies and job openings

• Prepare for interviews and follow up with potential employers

My favourite course at IIM Lucknow was Marketing Management.

• The course covered various aspects of marketing such as consumer behaviour, branding, and advertising.

• The case studies and projects were very interesting and practical.

• The professor was very knowledgeable and made the classes engaging.

• I particularly enjoyed the group presentations where we had to come up with marketing strategies for real-life products.

• Overall...read more