80 Hiveminds innovative market solutions Interview Questions and Answers

20 common asked question in every interview

Problem Solving

Ques:- Lets say our bank has hired you to determine how it can grow in the local market, specifically in retail banking. What are the factors you would look at to assess the situation? What is your recommendation?

Asked In :- Winsoft Technologies India Pvt. Ltd, DREAMORBIT SOFTECH PVT, Elite Software Solutions, SysTrack Solution, Technostacks Infotech, Target Integration, Newt Global India, Amtech Electronics India, Hinduja Tech, Lorven Technologies,

Right Answer:
To assess the situation for growing in retail banking, I would look at the following factors:

1. **Market Analysis**: Understand the local demographics, customer needs, and preferences.
2. **Competitor Analysis**: Identify key competitors, their offerings, strengths, and weaknesses.
3. **Customer Feedback**: Gather insights from current customers about their experiences and expectations.
4. **Product Offerings**: Evaluate existing products and services for relevance and competitiveness.
5. **Technology Adoption**: Assess the bank's digital capabilities and online banking services.
6. **Regulatory Environment**: Understand any regulations that may impact retail banking operations.
7. **Marketing Strategies**: Review current marketing efforts and their effectiveness in reaching target customers.

**Recommendation**: Focus on enhancing digital banking services, tailor products to meet local needs, improve customer service, and implement targeted marketing campaigns to attract new customers while retaining existing ones.

Problem Solving Senior Consultant

Ques:- The general manager of a popular ski resort has called on you to help her figure out why her resort has been experiencing declining profits over the past three years. How would you help her?

Asked In :- Unyscape Infocom Pvt. Ltd., Netaxis IT Solutions (p), Shipco IT, Walkover Web Solutions, Ziffity Solutions, RAKUTEN INDIA ENTERPRISE PVT, Xiaomi Technology India, Sardonyx Technologies, E2E Networks, New Vision Info Tech,

Right Answer:
I would analyze the resort's financial data, review customer feedback, assess competition, evaluate pricing strategies, examine operational costs, and investigate marketing effectiveness. Then, I would identify key areas for improvement and recommend actionable strategies to enhance customer experience, reduce costs, and increase revenue.

Problem Solving

Ques:- What would you do if you were the one survivor in an earthquake?

Asked In :- Hidden Brains InfoTech, Fortunesoft IT Innovations, GOQii Technologies, Oodles Technologies, FIS Global Business Solutions India, Radicle Software, Principal Global Services, FUTURISM TECHNOLOGIES PVT, Evince Development, Amtech Electronics India,

Right Answer:
I would assess my surroundings for safety, check for injuries, find a safe location, signal for help, and gather supplies if possible.

Problem Solving Senior Consultant

Ques:- I was sitting in one of Chicago’s new specialty ‘Cigar Bars’ around the end of August with a friend. It was a Saturday night and the weather was fair. While enjoying one of the bar’s finest stogies and sipping a cognac, I asked my friend how much he thought the bar was worth. On the back of the envelope, how would you go about determining the value of this bar?

Asked In :- KRIOS Info Solutions, Bold Technology Systems, Itobuz Technologies, Solitaire Infosys, SmartData Enterprises, Appiness Interactive, Fission Infotech, PeopleStrong HR Services, Elsner Technologies, Sardonyx Technologies,

Right Answer:
To determine the value of the cigar bar, consider the following steps:

1. **Revenue Estimation**: Estimate the bar's annual revenue by analyzing average customer spend, foot traffic, and peak hours. Multiply the average spend per customer by the estimated number of customers per day and then by 365 days.

2. **Cost Analysis**: Calculate the annual operating costs, including rent, utilities, staff salaries, inventory, and other expenses.

3. **Profit Calculation**: Subtract the total annual costs from the total annual revenue to find the net profit.

4. **Valuation Multiple**: Use a valuation multiple (often based on industry standards, such as a multiple of earnings before interest, taxes, depreciation, and amortization - EBITDA) to estimate the bar's worth. A common multiple for bars might range from 3 to 5 times the net profit.

5. **Market Comparison**: Research recent sales of similar establishments in the area to validate your estimate and adjust based on

Problem Solving

Ques:- A channel partner in the trucking industry is facing declining porfits, and they have already determined that their cost structure is comparable to competitors. What is the problem?

Asked In :- Vinove Software & Services Pvt Ltd, Hidden Brains InfoTech, STIC SOFT E-SOLUTIONS, FIS Global Business Solutions India, SysTrack Solution, MBR Informatics, MedGenome Labs, Zyoin Web Pvt., Raykor Technologies, Mindcurv Technology Solutions,

Right Answer:
The problem may be related to revenue generation, such as lower sales volume, pricing issues, or lack of differentiation in services compared to competitors.

Team

Ques:- How do you support new or junior team members

Asked In :- VALUEWING CONSULTANCY SERVICES (P), CEIPAL SOLUTIONS PVT, Algorithmic Trading Strategies Pty, Harris Global Enterprise, alliantgroup, LP, Atria Logic, Krishna Maruti Ltd, Dave Pluck, westjet, city of vaughan,

Right Answer:
I support new or junior team members by providing guidance and mentorship, offering regular feedback, encouraging questions, sharing resources and best practices, and fostering a collaborative environment where they feel comfortable seeking help.

Team

Ques:- What makes a team collaboration successful

Asked In :- VALUEWING CONSULTANCY SERVICES (P), CEIPAL SOLUTIONS PVT, Prione Business Services, Jiva Ayurveda, IFPRI, Harris Global Enterprise, US Department of Veterans Affairs, airservices australia, sport chek, f45 training,

Right Answer:
Successful team collaboration is achieved through clear communication, defined roles and responsibilities, mutual respect, trust among team members, effective conflict resolution, and a shared vision or goal.

Team

Ques:- How do you give constructive feedback to teammates

Asked In :- Offshore Accounting & Taxation Services, Twilio, FIN Infocom, IFPRI, Samsung Research America, Konkan Railway, Atria Logic, Krishna Maruti Ltd, mufg, the university of edinburgh,

Right Answer:
To give constructive feedback to teammates, I focus on being specific, objective, and respectful. I highlight what they did well, then address areas for improvement with clear examples. I ensure the feedback is timely and encourage a two-way conversation to foster understanding and collaboration.

Team

Ques:- Describe a situation where you helped a teammate succeed

Asked In :- Offshore Accounting & Taxation Services, Twilio, MSys Technologies, Kip McGrath Education Centre, Kraftshala, Bridgei2i Analytics, Checkr, mufg, spar, dave & buster's inc.,

Right Answer:
In a previous project, a teammate was struggling with a complex coding issue. I offered to pair program with them, guiding them through the problem while sharing my thought process. Together, we identified the root cause and implemented a solution. As a result, they gained confidence and successfully completed their part of the project on time.

Team

Ques:- How do you ensure accountability within a team

Asked In :- Learningmate Solutions, MSys Technologies, S S Kothari Mehta & Co, SIRVA, Harris Global Enterprise, EBOX, US Department of Veterans Affairs, Illumine, Shop Hop, Sumanas Technologies,

Right Answer:
To ensure accountability within a team, I set clear expectations and goals, regularly check in on progress, encourage open communication, and provide constructive feedback. I also promote a culture where team members take ownership of their tasks and support each other.

Adaptability

Ques:- How do you keep your skills up to date in a rapidly changing industry

Asked In :- Xoriant Solutions Pvt Ltd, Toxsl Technologies, Creative Hands HR Consultancy, MatchMove India, WFM, FIS Global Business Solutions India, Novalnet e-Solutions, Head Field Solutions, Xiaomi Technology India, mobifly,

Right Answer:
I keep my skills up to date by regularly attending workshops and webinars, following industry news and trends, taking online courses, and participating in professional networks and forums.

Adaptability

Ques:- What strategies do you use to stay open to feedback and improve based on it

Asked In :- AnAr Solutions, Toxsl Technologies, Chegg India, Itobuz Technologies, Aranca (Mumbai), Born Commerce, MatchMove India, Varite India, Razorpay-Startup, Tredence Analytics Solutions,

Right Answer:
I actively seek feedback by asking for input from colleagues and supervisors, listen carefully to their suggestions, and reflect on their comments. I prioritize constructive criticism, set specific goals for improvement, and regularly check my progress. Additionally, I maintain a growth mindset, viewing feedback as an opportunity to learn and develop my skills.

Adaptability

Ques:- How do you maintain productivity when faced with new or unfamiliar tasks

Asked In :- Medvarsity Online, Netaxis IT Solutions (p), Rock Solid Solutions, Protege Solutions, Aranca (Mumbai), Fortunesoft IT Innovations, WFM, Sun Dew Solutions, FIS Global Business Solutions India, ISKPRO,

Right Answer:
I maintain productivity with new or unfamiliar tasks by breaking them down into smaller steps, prioritizing tasks, seeking clarification when needed, using available resources, and staying organized. I also set specific goals and deadlines to keep myself focused and motivated.

Adaptability

Ques:- What steps do you take to ensure that you can pivot quickly when necessary

Asked In :- WSNE Consulting, Toxsl Technologies, Aranca (Mumbai), Codiant Software Technologies, RANDSTAD INDIA PVT, ISKPRO, Cloud Kinetics Technology Solutions, Varite India, Novalnet e-Solutions, Xiaomi Technology India,

Right Answer:
To ensure I can pivot quickly when necessary, I take the following steps:

1. Stay informed about industry trends and changes.
2. Maintain flexibility in my plans and strategies.
3. Foster open communication with my team to share insights and feedback.
4. Regularly assess and review project progress and outcomes.
5. Develop a mindset that embraces change and encourages innovation.

Adaptability

Ques:- How do you balance being flexible with staying focused on your core objectives

Asked In :- Itobuz Technologies, Born Commerce, Solitaire Infosys, Novalnet e-Solutions, SmartData Enterprises, KONE Elevator India, Deluxe entertainment services India, Head Field Solutions, PeopleStrong HR Services, COEPD,

Right Answer:
To balance flexibility with staying focused on core objectives, I prioritize my goals and regularly review them. I remain open to new ideas and changes but ensure that any adjustments align with my main objectives. This way, I can adapt as needed while keeping my focus on what’s most important.

CRM Project Leader/ Project Manager

Ques:- In clarify CRM billing manager, what is the relation between the case and the site?

Asked In :- Classplus, Kelly Communications, Dial A Bank, Takealot, myer, myoutdesk, inc., cig, dav public school, boxer superstores, hiveminds innovative market solutions,

Right Answer:
In Clarify CRM Billing Manager, a case is typically associated with a specific site to track issues or requests related to that site. The site represents the location or entity where the service is provided, while the case captures the details of the service request or problem for that site.

Aptitude Crm Support Engineer Erp

Ques:- A contribution of Rs. 500 was raised from 500 people. The fee was as follows: Men: Rs.3.00 each Women: Rs. 2.00 each Children: 0.48 each. If number of women is more than number of men, how many children are there?

Asked In :- Konverge, alorica, selfridges, the hut group, hmv, hiveminds innovative market solutions, snagajob,

Right Answer:
There are 200 children.

Aptitude Crm Developer Erp

Ques:- The film that won the Best Film Award at 39th International Film Festival of India (IFFI) is?

Asked In :- Afterpay, Applaud Solutions, td, teleperformance egypt, freedom financial network, public outreach fundraising, city beach australia, moneypenny, rokt, creditmantri,

Right Answer:
The film that won the Best Film Award at the 39th International Film Festival of India (IFFI) is "The Last Picture Show."

Aptitude Crm Developer Erp

Ques:- In a triangle two angles are in a ratio of 5:3 and the difference of the angles is 30 degrees. Find out the largest angle in the triangle

Asked In :- Imperium Management, Shoes & Sox, shoppers stop, mercedes benz, housing.com, xactly corp, crossover for work, utility warehouse, ssn, bop,

Right Answer:
The largest angle in the triangle is 90 degrees.

Comments

S pushpa Jun 17, 2021

Let A=5x,B=3x,C not given so consider C=x
In triangle total angle=180°
A+B+C=180°
5x+3x+x=180°
9x=180°
X=180°/9
X=20°
A=5(20)=100°
B=3(20)=60°
C=20°
Therefore A=100° is the largest angle
Ans: 100°

Crm Technical Consultant Erp Seibel

Ques:- What does Business Component User Mode indicate

Asked In :- Chegg India, Adnate IT Solutions, Tulip, Neosys Inc, The Learning Curve, Marquee Equity, Adevia Health, absa, american specialty health, espire infolabs,

Right Answer:
Business Component User Mode indicates the context in which a business component operates, determining how it interacts with the user interface and the underlying data. It can affect data visibility, access rights, and the behavior of the component in the application.

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Hiveminds Innovative Market Solutions is a trailblazing company at the forefront of revolutionizing market dynamics through cutting-edge technology and strategic innovation. Established with a vision to redefine traditional approaches to market analysis and consumer engagement, Hiveminds specializes in harnessing the power of collective intelligence and advanced data analytics to drive business growth and foster unparalleled customer experiences. With a team of seasoned experts in data science, artificial intelligence, and market research, Hiveminds leverages sophisticated algorithms and machine learning algorithms to decode market trends, predict consumer behavior, and unlock valuable insights for their clients. Their proprietary platform aggregates vast amounts of data from diverse sources, including social media, consumer surveys, and industry reports, enabling businesses to make informed decisions and stay ahead of the competition. Hiveminds is dedicated to fostering collaboration and synergy between businesses and their target audiences, facilitating meaningful interactions and fostering brand loyalty. Through innovative solutions such as personalized marketing campaigns, real-time feedback mechanisms, and predictive modeling, Hiveminds empowers organizations to adapt to evolving market dynamics and drive sustainable growth.

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