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A board of directors has determined that the current long-standing management team has failed to strategize for quickly changing economic and competitive conditions. The board
A board of directors has determined that the current long-standing management team has failed to strategize for quickly changing economic and competitive conditions. The board wants to make significant, rapid changes. Which of the following would be the most effective way to achieve this? Calculator Select only one option. A Promote an internal candidate to replace the chief executive officer. B Hire an external candidate to replace the chief executive officer. C Implement short-term performance-based incentives. D Hire a management consultant as a strategic advisor to the board
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