Question: The problem with the authority for important strategic decisions resting only with the CEO or highest paid person's opinion ( HIPPO ) of a company

The problem with the authority for important strategic decisions resting only with the CEO or highest paid person's opinion (HIPPO) of a company is that:
CEOs often make too much money and are thus complacent.
the pace of the modern business environment is too much for one mind to comprehend.
CEOs are rarely revolutionary thinkers.
personal biases and other factors can cloud a single executive's opinion.
The problem with the authority for important strategic decisions resting only

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

If the coefficient of static friction between the 50-lb roller and the ground is s = 0.25, determine the maximum force P that can be applied to the handle, so that the roller rolls on the ground...

Q:

The problem with the authority for important strategic decisions resting only with the CEO or highest paid person's opinion ( HIPPO ) of a company is that: CEOs often make too much money and are thus...

Q:

End of Chapter 1 Answers 1) Self-acceptance is getting to move on despite what people thinks about us, it is more of self- esteem, white self-esteem is how important we see our self. It is good to...

Q:

Part A Sam, Adrian and Michael call to make an appointment with your firm, Fees Ruthless, Accountants.You have been asked to establish their new company (No-Tax Agents Pty Ltd).You advise them not to...

Q:

The problem with the authority for important strategic decisions resting only with the CEO or highest paid person's opinion ( HIPPO ) of a company is that: CEOs often make too much money and are thus...

Q:

The problem with the authority for important strategic decisions resting only with the CEO or highest paid person's opinion ( HIPPO ) of a company is that: CEOs often make too much money and are thus...

Q:

The problem with the authority for important strategic decisions resting only with the CEO or highest paid person's opinion ( HIPPO ) of a company is that: CEOs often make too much money and are thus...

Q:

The problem with the authority for important strategic decisions resting only with the company CEO is that: a . CEOs often make too much money and are thus complacent. b . personal biases and other...

Q:

THIS NEEDS TO BE WRITTEN MATERIAL AND APA REFEENCES Management Accounting does not have a body of standards such as those put out by the FASB or IASB. However, there is and has been a substantial...

Q:

Ten Guiding Principles of Change Management Success at large-scale transformation demands more than the best strategic and tactical plans, the traditional focus of senior executives and their...

Q:

Ten Guiding Principles of Change Management Success at large-scale transformation demands more than the best strategic and tactical plans, the traditional focus of senior executives and their...

Q:

Use the graph off and g. p(x) = f(x)g(x) q(x) = g(x) -2 (a) Find p'(2). p'(2) = 0 (b) Find q'(4). q'(4) = 10 y 0 4 2 2 4 6 f 8 bo 8 10

Q:

Barnes, the owner and operator of Blackacre, decided to cease farming operations and liquidate his holdings. Barnes sold fifty head of yearling Merino sheep to Billing and then sold Blackacre to...

Q:

What is one of the most common usues of a spreadsheet in business

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...