Question: What would be your advice to a company with historically high revenues but still operating at a loss?

Alternative Question Phrasing:

A company has found that its revenues are higher than ever, but the company is still operating at a loss. Why is this?

Follow-up questions:

Question Details:

Question Type:

Skills:

Basic – Critical Thinking,Basic – Science and Logic,Complex Problem Solving,Management of Time,Systems Analysis,Systems Evaluation

Abilities:

Cognitive – Category Flexibility (Mental Flexibility),Cognitive – Deductive Reasoning,Cognitive – Flexibility of Closure (Pattern Detection),Cognitive – Inductive Reasoning,Cognitive – Information Ordering,Cognitive – Oral Expression,Cognitive – Originality,Cognitive – Perceptual Speed,Cognitive – Problem Sensitivity (Problem Recognition),Cognitive – Speed of Closure (Thinking Speed),Cognitive – Visualisation

Other Factors:

Candidate Preparedness,Personality-Job Fit,Personality-Organization Fit,Practical Intelligence (Street Smarts)

Work Activity (Task):

Information Input – Estimating Characteristics of Objects, Events, or Information,Information Input – Gathering Information,Information Input – Identifying Objects, Actions, and Events,Information Input – Inspecting Equipment, Structures, or Materials (for Problem Identification),Information Input – Monitor Processes, Materials, or Surroundings,Interacting with Others – Provide Consultation and Advice to Others,Interacting with Others – Selling or Influencing Others,Mental Processes – Analyzing Data or Information,Mental Processes – Developing Objectives and Strategies,Mental Processes – Judging the Value of Things, Services, or People,Mental Processes – Organizing, Planning, and Prioritizing Work,Mental Processes – Thinking Creatively (Creativity),Mental Processes – Updating and Using Relevant Knowledge

Work Context (Person-Job/Team/Org Fit):

Job Structure – Level of Responsibility (Impact of Decisions on Co-workers or Organization Results)

Work Style (Person-Job Fit):

Achievement/Effort (Action/Result Orientation),Analytical Thinking,Attention to Detail,Handling Ambiguity,Innovation,Persistence/Perseverance

Question Frequency

Question Difficulty

What to look for in an answer:

You are looking for the candidate’s ability to study the minute details.
If the candidate is well equipped to look at the performance at all levels across all departments.
If the candidate can come up with possible loopholes and a solid plan to address those loopholes in a positive manner.

Red Flags to Watch For:

If the candidate seems to look at the problem at surface level and work on assumptions.
If the candidate’s logical reasoning seems not to be fit for the industry.

Sample Answer:

N/A

Question Source: https://www.wikijob.co.uk/content/interview-advice/interview-questions