Question

A company has adopted a strategy of growth by acquisition and conglomerate diversification. Which executive type should they hire to drive this strategy?1. Cautious profit planner 2. Dynamic industry expert 3. Turnaround specialist 4. Professional liquidator

Answer 1

The company should hire a dynamic industry expert.

Explanation:

• For the plan that the company management has made for itself, it would require a person who bears an in-depth knowledge of most industrial disciplines coupled with a good amount of experience in some of those disciplines.
• Moreover, the person should also be a good leader and an intelligent strategist capable enough of leading the management through the operations and making it understand the nuances of the new industry.