Senior managers and executives are often hired from outside a firm because _____.
A) it takes time to develop leaders internally
B) it results in tunnel vision from an emphasis on organization-based intelligence
C) hiring externally presents a lower risk than developing internally
D) buying talent is less expensive than developing talent

Question

Quizplus · Accepted Answer

Developing leaders internally takes time and effort, and there is no guarantee of success. It may also result in limited perspectives and stale thinking, whereas hiring externally can bring in new talent with fresh perspectives and ideas. However, it can be more expensive to hire from outside and may require a longer time to integrate the new hire into the company culture.

Senior Managers and Executives Are Often Hired from Outside a Firm