Asked by Jacob Searcy on Jul 05, 2024
Verified
What negative consequence might result if there is a delay in naming a successor when a key executive,such as a CEO,suddenly quits?
A) decreased operating performance for up to two years
B) increased recruitment and selection of middle managers
C) decreased opportunities for management development
D) increased likelihood that the successor will be a family member
Naming a Successor
The process of identifying and appointing an individual to take over a role or position after the current holder leaves or retires.
Key Executive
A high-ranking individual in a company who has significant responsibility for managing an essential part of the business.
Operating Performance
An analysis of a company's efficiency and effectiveness in managing its resources and operations, often assessed through metrics like return on investment, profit margins, and productivity levels.
- Understand the breadth and temporal framework of succession planning.
Verified Answer
Learning Objectives
- Understand the breadth and temporal framework of succession planning.
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