Read the Chapter 12 Mini-Case: A Change at the Top at Procter & Gamble: An Indication...

Read the Chapter 12 Mini-Case: A Change at the Top at Procter & Gamble: An Indication of How Much the CEO Matters?

Respond to question 2: How Is it a good practice to rehire a former CEO who has retired? Please explain the potential advantages and disadvantages of doing so.

Solutions

Expert Solution

Yes, it is good to hire a former CEO who has been retired from the job if he has contributed a lot and know the company very well. Although, a retired CEO cannot be a given a CEO position again but can join as a president of the company who can advise and consult on important issues to again get back to the same position.

The advantages of this are that the CEO already know the company and have deeper knowledge of the company. It is better than a new person who will take the time to learn about the company’s environment.

Some other advantages are-

Past experience to guide new innovations.
There would be minimal handholding and adjustment required.
If the former CEO has a made his goodwill in the previous tenure as CEO, he/she will be able to cash on it further.

Some disadvantage can be that he might be sometimes overconfident and takes decisions basis on his past experience which may not be suitable in the current scenario.

Some other disadvantages are-

Others might be demotivated of not getting a chance, especially the other top management.
There would be a lack of fresh ideas.
The tenure of a former CEO would be limited as the age factor would play a role.

keosha answered 7 months ago

Next > < Previous

Related Solutions

Expain what effected Procter & Gamble to change its business strategy?

Read the Chapter 15 Mini Case on page 651-652 in Financial Management: Theory and Practice. Using...

Read the Chapter 15 Mini Case on page 651-652 in Financial Management: Theory and Practice. Using complete sentences and academic vocabulary, please answer questions a and b. If the company were to recapitalize, then the debt would be issued and the funds received would be used to repurchase stock. Pizza Palace is in the 40% state-plus-federal corporate tax bracket, its beta is 1.0, the risk-free rate is 6%, and the market risk premium is 6%. a. Using the free cash...

Read the Chapter 8 Mini-Case: An International Strategy Powers ABB's Future Respond to question 3: Why...

Read the Chapter 8 Mini-Case: An International Strategy Powers ABB's Future Respond to question 3: Why has ABB used acquisitions and joint ventures as dominant entry modes in international markets?

Please read the below mini case carefully and answer questions. Mini Case: Kristen’s Cookie Company You...

Please read the below mini case carefully and answer questions. Mini Case: Kristen’s Cookie Company You and your roommate are preparing to start Kristen’s Cookie Company in your on-campus apartment. The company will provide fresh cookies to starving students late at night. You have done a preliminary market analysis and are confident that you can charge a price that is high enough to make a good profit, but low enough to maintain reasonable demand. Business Concept Your idea is to...

Instructions Read the Case Study Medicare Medical Billing found on Chapter 12, page 347 of the...

Instructions Read the Case Study Medicare Medical Billing found on Chapter 12, page 347 of the textbook: Ramon has received a bill for his recent visit to the doctor’s office. He is confused because he has Medicare and American Association of Retired Persons (AARP) insurance and does not believe he should owe anything. He called AARP and was told that a bill for the visit had never been received. He had been told that all claims would come directly from...

Chapter 9 , Mini case study - Alliance Formation, Both Globally and Locally, in the Global...

Chapter 9 , Mini case study - Alliance Formation, Both Globally and Locally, in the Global Automobile Industry. How can the resource-based view of the firm (see Chapters 1 and 3) help us understand why firms develop and use cooperative strategies such as strategic alliances and joint ventures?

Read the mini case titled “Higher pay for national union presidents” on page 187 of Labor...

Read the mini case titled “Higher pay for national union presidents” on page 187 of Labor Relations (13th ed.). In 500 words or more, answer the question posed at the end of the mini case. Higher Pay for National Union Presidents Many people believe that “You get what you pay for” is an entirely valid statement and that on this basis one major reason for labor’s inability to organize more effectively as well as succeed in its political action can...

Please read and answer the questions below this Mini case study. Please i need a different...

Please read and answer the questions below this Mini case study. Please i need a different answer from what is already online. Thank you Marketing Excellence Target In the mid-1980s, then-dominant Kmart and up-and-coming Walmart were both communicating their low-price promise, but their merchandise was perceived as cheap and low quality. Target, founded in 1962, sensed a gap in the market for “cheap chic” mass retail and set out to distinguish itself from the other big-box retailers by building an...

Step 1: Read the Mini-Case Below Control is one of the most controversial aspects of management....

Step 1: Read the Mini-Case Below Control is one of the most controversial aspects of management. Exercising too much control can foster employee resentment and bureaucratic delays. Exercising too little control can raise employee stress and breed organizational chaos. And not only must managers work to achieve a healthy level of control but they must also strive to set controls around the right targets. The control process is about more than charts and feedback loops—it is about focusing personal and...

Read through the Tree Trimming Project case in chapter 13 of the textbook. This case refers...

Read through the Tree Trimming Project case in chapter 13 of the textbook. This case refers to the earned value (EV) of the owner, Will Fence’s Tree Trimming business. Will briefly describes his techniques for EV. Based on the description provided in the case, is Will using EV? Answer the corresponding question provided at the end of the case (300-500 words). Use references from the reading materials to support your response.

Subjects