Question

Per the book, an organization which wants to maintain a stable strategy, but also add innovation should pursue which succession plan?

A. An internal CEO succession with a heterogenous top management team composition
B. An external CEO succession with a homogenous top management team compostion
C. An external CEO succession with a heterogenous top management team compostion
D. An internal CEO succession with a homogenous top management team composition

Answer 1

To maintain a stable strategy while also adding innovation, an organization should pursue an internal CEO succession with a heterogenous top management team composition.

Step-by-step explanation:

To maintain a stable strategy while also adding innovation, an organization should pursue an internal CEO succession with a heterogenous top management team composition. An organization looking to maintain a stable strategy while incorporating innovation should opt for an internal CEO succession with a heterogenous top management team composition. This approach allows for managerial consistency and integration of diverse perspectives that can drive innovation.

This means that the organization should promote leaders from within the company to the position of CEO, while also ensuring that the top management team is diverse and includes individuals with different backgrounds, skills, and perspectives. An internal CEO succession allows the organization to maintain stability since the new CEO will already be familiar with the company's culture and operations.