Which of the Following Is a Major Disadvantage of Having

question 43

Multiple Choice

Which of the following is a major disadvantage of having an outsider hired for a leadership position?

• A) The outsider does not understand the industry or how to bring about change in the company.
• B) The outsider does not clearly see the need for a radical change.
• C) The outsider may have several political ties that prevent him or her from making personal shifts.
• D) The outsider is more likely to fire his or her successors from within the company.

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Definitions:

Slow-Growth Industry

An industry characterized by low annual growth rates, often mature in nature, facing limited prospects for expansion.

Relative Market Share

A measure of a company's sales or revenues as a proportion of the total sales or revenues of the industry or market it operates in.

Portfolio Analysis Matrix

A strategic tool used by companies to evaluate their product lines or business units, often considering market growth and market share.

Inject Cash

To provide an influx of money into a business or project, often to stimulate growth, address financial challenges, or take advantage of new opportunities.