When a New CEO Is Selected from Outside the Firm

question 48

True/False

When a new CEO is selected from outside the firm, a change of strategy is likely, especially if the top management team is homogenous and highly cohesive.

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Definitions:

Congress

Congress is the bicameral legislature of the United States, comprising the Senate and the House of Representatives, responsible for making federal laws.

Material Benefit

An advantage or gain, often in a tangible form, resulting from an action or a specific situation.

Solidary Benefit

Advantages or rewards derived from the social interactions and connections made within a group or organization.

Museum Tickets

A means of admission to museums, which can vary by price, access level, and type, often used to fund museum operations and exhibits.