At what point should a candidate from outside a company be hired to manage the company...

At what point should a candidate from outside a company be hired to manage the company or one of its business units?

Expert Solution

A company should hire an external candidate under the following circumstances:

1. If the company doesn't posses certain skills that they need in the short span of time, it is best to hire an external candidate with the requisite skills.

2. If the company doesn't have a person suitable for a higher position, it might want to take a person external to the organization who has proven leadership experience.

3. If the company wants to change the culture of an organization, they might want to hire an employee from an organization whose culture they want to replicate in their organization.

4. In order to improve and increase competition among employees, a company may want to hire competitive external candidates.

5. A company that desires to grow aggressvely may go for two options either go for an acquisition (inorganic growth) or hire a lot of employees from that organization rather than taking over the company as a whole.

6. In order to support geographical expansion, a company may hire external candidates, local to that region, for quick adaptability.

keosha answered 2 years ago

What characteristic should a cash market have to be a candidate for a futures market?

You have been hired to be the campaign manager for a candidate for Governor of the...

You have been hired to be the campaign manager for a candidate for Governor of the State of Texas. As campaign manager, you need to develop the campaign plan based on the four of the five (do not worry about campaign organization) components of a modern campaign. Please address the following ... Candidate: A description of the qualifications (personal and professional) of the fictional candidate you will be working for. Create the biography for your candidate, including name, experience, history...

An object is placed 68cm from a screen 1. At what point from the object should...

An object is placed 68cm from a screen 1. At what point from the object should a converging lens with a focal length of 17cm be placed so that it will produce a sharp image on the screen? (in cm from the object) 2. What is the image's magnification?

What should an HR Manager do when extending a job offer to a candidate?

Imagine you have been hired to manage the PR function for a startup company specializing in...

Imagine you have been hired to manage the PR function for a startup company specializing in environmental concerns and preservation. Develop a high level PR plan that will carry you through the first six months of the company's launch. Keep in mind initial startup tasks that might include reaching out to key stakeholders or customers, or explaining the nature of your company to others.

Mary Smith, a CFA candidate, was recently hired for an analyst position at the Bank of...

Mary Smith, a CFA candidate, was recently hired for an analyst position at the Bank of Ireland. Her first assignment is to examine the competitive strategies employed by various French wineries. Smith’s report identifies four wineries that are the major players in the French wine industry. Key characteristics of each are cited in the table below. In the body of Smith’s report, she includes a discussion of the competitive structure of the French wine industry. She notes that over the...

Why is it important to manage one's own website from a security point of view given...

Why is it important to manage one's own website from a security point of view given the times we live in?

Suppose a company is deciding whether to purchase a motivational program from an outside company that...

Suppose a company is deciding whether to purchase a motivational program from an outside company that claims to help improve employee morale and productivity. The company pilots the program and will decide to implement the program if there is evidence of a significant improvement in morale and productivity. What is the Ho and Ha for this situation? What would it mean if you made a Type I error? What about a Type II error? Which error appears to be the...

Explain the actions the FED should take if it wanted to move from a point on...

Explain the actions the FED should take if it wanted to move from a point on the short-run Phillips curve representing high unemployment and low inflation to a point representing lower unemployment and higher inflation.

Connectivity between different company sites is provided by an outside MSP. Should a Network Administrator nevertheless...

Connectivity between different company sites is provided by an outside MSP. Should a Network Administrator nevertheless be concerned with monitoring trafﬁc statistics across these outside connections? Discuss four reasons and four ways for doing this

Question