{"id":114,"date":"2022-06-15T10:51:43","date_gmt":"2022-06-15T10:51:43","guid":{"rendered":"https:\/\/www.isbmantra.com\/wp-interview\/?p=114"},"modified":"2022-06-16T10:56:34","modified_gmt":"2022-06-16T10:56:34","slug":"entrepreneurship-fast-food-restaurant-owner-4-years-9-months","status":"publish","type":"post","link":"https:\/\/www.isbmantra.com\/isb-interview-experiences\/entrepreneurship-fast-food-restaurant-owner-4-years-9-months\/","title":{"rendered":"ISB Interview Exp. (Entrepreneurship): Fast Food Restaurant Owner\/ 4 years 9 months"},"content":{"rendered":"\n

This is the real ISB interview experience of a candidate who has 4 years 9 months of total work experience out of which 20 months was as a fast food restaurant owner. The remaining work experience was as a software developer.<\/p>\n\n\n\n

\"ISB<\/figure>\n\n\n\n

The ISB interview was conducted on February 29, 2016. As per the candidate\u2019s information, there were three alumni in the interview panel. In his\/her opinion, the interview was mainly focused on the experience of running a fast food store.<\/p>\n\n\n\n

Interview Date<\/strong><\/td>20th February, 2016<\/td><\/tr>
Work Profile<\/strong><\/td>SCM Software development; I also ran a fast-food store for 20 months
Total Experience: 4 years 9 months<\/td><\/tr>
Re-Applicant?<\/strong><\/td>No<\/td><\/tr>
Interviewers\u2019 Profile<\/strong><\/td>P1 \u2013 from Flipkart
P2 \u2013 from Xiaomi
P3 \u2013 from Amazon<\/td><\/tr>
Your Opinion on the approach of the interviewers and their key focus<\/strong><\/td>The interviewers cross-questioned me on every answer I gave. They were more focussed on my experience of running a fast-food store. They didn\u2019t question me about my IT role at all.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Qn: Why MBA and why consulting?<\/strong>
A: Explained about my technical background and analytical skills and why I like solving client-specific real-world business problems. Also explained how I would get an understanding of different industries and markets through peers in an MBA class. Explained how ELP and case studies would give me hands-on experience<\/p>\n\n\n\n

Qn: What was your role in the fast-food store you ran?<\/strong>
A: Talked about managing finances, managing inventory, CRM, taking care of employees, interacting with franchisee officials and so on.<\/p>\n\n\n\n

Qn: Provide a competitive analysis for the fast-food store you ran?<\/strong>
A: Listed out some competitors. We analysed the revenue model of each franchisee based store. Also I did a detailed analysis of the revenue model of the store I ran. We discussed details regarding fixed cost and operating costs of the store.<\/p>\n\n\n\n

Follow-up Qn: What are 3 learnings that you could provide a person starting a similar store?<\/strong>
A: Listed out a) Importance of location b) Importance of process c) Importance of customer engagement<\/p>\n\n\n\n

Follow-up Qn: If you were to change the location of your store, how would the revenue of your store change?<\/strong>
A: Analyzed the various components of the variable cost that would change on change of location such as electricity cost, gas cost, and salaries of employees and so on.<\/p>\n\n\n\n

Follow-up Qn:  How important is \u2018point of sales\u2019 machine in your operations?<\/strong>
A: Explained how \u201cPOS\u201d helped in operations. I also explained the different reports it would generate and how they helped.<\/p>\n\n\n\n

Qn: We have a team of 5 working on setting up a fast-food store. We have 2 engineers, a CA, a soldier and a fashion designer. If you were to lead this team, what role would you give each of them?<\/strong>
A: The roles would be allotted according to their strengths. CA – find the tax structure; Engineers – Market Analysis; Fashion designer – Design interiors; Soldier – Setting up of the store. I also explained my choices.<\/p>\n\n\n\n

Qn: What are your hobbies?<\/strong>
A: Answered<\/p>\n\n\n\n

Qn: Tell us about your family<\/strong>
A: Answered<\/p>\n\n\n\n

Qn: If not ISB this year. What would you do?<\/strong>
A: I talked about a certification related to Supply chain management and also told that I would try to do freelance consulting.<\/p>\n\n\n

\n
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We can provide complete support during your ISB interview preparation through our power packed preparation module and personalized mock interviews.<\/p><\/div>\n

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Check this article – ISB interview<\/a>, we have shared important interview tips and interview questions by A M Kannan<\/a>, Ex ISB Director, Admissions and Financial Aid, Senior Mentor at ISBmantra.<\/p>\n\n\n\n

Feel free to contact us for any further queries.<\/p>\n\n\n\n

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Contact Us<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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