How did designing under a time constraint impact you?
It made me literally think fast. While it was stressfull I noticed that I didn't second guess my design decisions, which is something I struggle with when working on class projects. It also showed me that I can work a whole lot faster in Photoshop.
How did you react when you were told you had to switch designs? How did you adapt?
Adapt and move was all I kept thinking. That is how it is in the "real world" regardless of what your profession is.
How will this exercise prepare you to work in the industry?
Considering this is a situation that can really happen in the industry I found it to be a good exercise. Although very stressful it was kind of fun. It gave me a taste of what could be expected of me, and showed me that I can work fast when I have to.