Question

You are the CEO of a major corporation. You have been tasked by the board of directors to turn the company around as they just let the last CEO go for a difference in opinion. Being new, where would you focus your attention first?

A) finding qualified employees
B) stimulating innovation
C) customer loyalty
D) profit growth
E) execution

Answer 1

As the new CEO, the first area to focus on should be profit growth, as it determines the financial success of the company.

Step-by-step explanation:

As the new CEO tasked with turning the company around, the first area to focus your attention would be profit growth. While all the options (finding qualified employees, stimulating innovation, customer loyalty, and execution) are important, prioritizing profit growth is crucial as it determines the financial success of the company.

By focusing on profit growth, you can assess the current financial position of the company, identify areas of improvement, and implement strategies to increase revenue, reduce expenses, and improve profitability.

For example, you can analyze the company's financial statements, conduct market research to identify growth opportunities, develop new products or services, optimize pricing strategies, and improve cost management.