Consider the Following: Up to 40 Percent of Externally Hired

question 113

Essay

Consider the following: Up to 40 percent of externally hired private sector executives fail within the first 18 months and many others that are recruited from the outside leave within five years. Discuss how inadequate onboarding of new executives can contribute to these outcomes.

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Definitions:

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay their outstanding debts.

Government Regulation

Laws and rules imposed by government bodies intended to control or govern conduct and ensure compliance within various industries.

Advantage

Refers to a condition or circumstance that puts one in a favorable or superior position relative to competition or a given situation.