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.

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Definitions:

Identifying Companies

The process of researching and recognizing businesses that operate within a specific industry or sector.

Résumé

A summary of a person's educational background, work experience, and skills, typically used as part of a job application.

Strengths

Positive attributes or abilities that an individual or organization possesses.

Skills

Abilities or expertise in specific activities, often acquired through practice and education.