When the Top Management Team Is Homogeneous and a New

question 63

Multiple Choice

When the top management team is homogeneous and a new CEO is selected from inside the firm, it is:

• A) unlikely that the current strategy will change.
• B) likely that product innovation will continue.
• C) likely there will be a change in strategy.
• D) unlikely the new CEO will have a long tenure.

---

Definitions:

Working Class

A social group consisting of people employed in lower-tier jobs, often involving manual or industrial labor, and characterized by lower income levels.

Postmodern City

Is a new urban form that is more privatized and socially and culturally fragmented and globalized than the corporate city.

Subcultures

Groups within a larger culture that distinguish themselves through unique beliefs, values, and practices.

Lifestyles

The aggregate of choices, behaviors, and habits of an individual or group, including consumption patterns, leisure activities, and values, which reflect socio-economic status and preferences.