Can you describe a time when you identified a new business opportunity?

Interviewers ask this question to assess your ability to recognize and capitalize on business opportunities. It highlights your strategic thinking and proactive approach to business growth.

When answering, focus on a specific instance where you not only identified an opportunity but also took steps to pursue it. For example, you might say, 'In my previous role, I noticed a gap in our product line and proposed a new service that ultimately increased our market share by 15%.' Be sure to discuss the impact of your actions.