Sunday, July 24, 2011

How to interview like a top MBA #Book Summary#7



PRESENT A STRONG EXPLANATION IF YOU'VE BEEN OUT OF WORK


How to deal with periods of unemployment ? 

if you were out of for only a couple of months, normally you do not need to explain this during an interview . The interviewer will often be content to hear that you took time to assess where you hoped
to go with your career, research companies and job opportunities, and prepare to begin interviewing.

However, if you have been out of work for a longer period of time-- more than four months, for instance--you are best off if you can state to your interviewer that you are doing more with that time than searching for a job. An employer wants to see that you were not content to sit idle but took the initiative to use the time off as a tremendous opportunity. Ways to do this include expanding your professional qualifications through certifications, expanding your knowledge base , deepening your professional experiences or your ideas about your long-term goals, and broadening your worldview through travel.


You've been fired : now What?

your own consulting company: Use the time to run your own business. even if on a pro bono(unpaid) basis, showing your desire to apply and stretch your skills.

More credentials : Use the time to enhance your expertise and credentials through certifications or licenses.

Deeper expertise : Use the time to refine your knowledge through online or extension courses.

Long-term goals :  Use the time to conduct research into your desired long-term goals.

Travel : Use the time to travel and experience other cultures.

Community Service : Use the time in community service , to enhance the nonwork aspects of your resume.

Specific Responses if you were Laid off 

keep several issues in mind when responding to questions about why you were laid off. The greatest concern your potential new employer will have is whether your termination reflected poor performance on your part. If you were a lazy or irresponsible worker, your new employer will be more hesitant to hire you. So, if you were not laid off because of performance issues, you should make that clear.That is , if you were laid off.



How to Address Questions About Your Termination If you were downsized

Don't be defensive
Emphasize the benefits of what you learned at your job before you were laid off
Emphasize any good performance reviews you received
if possible, mention that you have taken the initiative during your time off to deepen your skills through
courses of certifications or to conduct research into your longer-term career goals.

If your company Went Bankrupt

Our Company was a very dynamic one, and I felt honored to be chosen as one of ten
employees of this start-up. So many things went right: We developed a novel idea, we constructed
an outstanding business plan, and we brainstormed effectively as  a team to determine how best to implement our strategy. Everything was going relatively smoothly, but then we hit the rough waters of the recessions.


Funding everywhere seemed to dry up as investors became much more cautious. We miscalculated how much money we would have available for our marketing campaigns, and this proved to be a notable mistake.
Our otherwise sound marketing plan simply could not be implemented successfully on 40 percent of the funds we had expected to draw on. Without our planned marketing campaigns, our company did not grow our client base adequately , and soon we could not meet our financial obligations. It was a difficult and disappointing experience to close down the company, but I have learned a  great deal about putting together a great business plan and developing contingency plans for what to do if funding evaporates. Unfortunately, in my former company, we did not have a contingency plan in place. But i have those valuable experiences now to draw on in my next  job.

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