CEOs can be elected from within the firm (internal managerial labor market) or from outside the firm (external managerial labor market). Which of the following characterizes insider and outsider CEOs most appropriately? OCEOS from underrepresented groups do not perform well. Insider CEOs seek strategic implosion. Outsider CEOs most likely bring strategic changes to organizations. Heterogeneous top management team blends with outsider CEOs well, but conflicts with insider CEOs. 4 Homogeneous top management team deters CEO actions whether he is insider or outsider