Tell us about a time when you had to convince senior executives to pursue a specific business development opportunity. How did you persuade them?

In my previous role as a Business Development Manager at XYZ Company, I had the opportunity to pursue a new business opportunity that would significantly boost our company's growth. I identified a potential partnership with a leading technology provider in our industry and believed it was a perfect fit for our strategic goals. To convince the senior executives, I conducted in-depth research on the potential partner and prepared a comprehensive business case that highlighted the benefits and potential ROI. I scheduled a meeting with the senior executives and presented my findings, emphasizing how the partnership aligned with our company's vision and would provide access to new markets and cutting-edge technology. I also addressed any concerns they had and provided solutions to mitigate risks. The senior executives were impressed with my research and presentation, and after some further discussions, they agreed to pursue the partnership.

As the Business Development Manager at XYZ Company, I encountered a business development opportunity that I recognized had the potential to drive significant growth. I proactively researched and analyzed the opportunity, considering market trends, competition, and financial projections. To persuade the senior executives, I meticulously prepared a business plan that clearly outlined the benefits of pursuing the opportunity. I focused on the potential revenue increase, cost savings, and competitive advantage it would bring. Additionally, I anticipated potential concerns and objections and incorporated strategies to address them. During the presentation, I leveraged effective communication and presentation skills, captivating the senior executives' attention and generating enthusiasm for the opportunity. The thoroughness of my research, financial modeling, and persuasive communication ultimately convinced the senior executives to pursue the opportunity.

As the Business Development Manager at XYZ Company, I identified a business development opportunity that showcased immense potential for growth. To build a compelling case for the senior executives, I combined strategic planning, financial acumen, and market research. I conducted a detailed analysis of the opportunity, including financial modeling to estimate potential revenue and profitability. To further solidify the opportunity's viability, I engaged external consultants to validate the market analysis and competitive landscape. With this robust information, I embarked on building strong relationships with the senior executives, understanding their concerns, and aligning the opportunity with our corporate strategy. Recognizing the importance of effective storytelling, I crafted a persuasive narrative that addressed key stakeholder interests using engaging visuals and supported data. I scheduled multiple meetings with the senior executives, allowing for iterative discussions and incorporating their input. By showcasing a thorough understanding of the opportunity, projecting confidence, and communicating the untapped potential, I successfully persuaded the senior executives to pursue the opportunity, resulting in a significant revenue increase and strengthened market position.