NU Online News Service, Jan. 22, 12:30 p.m. EST
Most organizations wishing to appoint a new chief executive officer for strategic changes fare better in the long term promoting someone from inside the company rather than hiring from outside–except for the insurance industry, in some cases–according to a new study from Rice University's Jones Graduate School of Business.
The study, "Once an Outsider, Always an Outsider? CEO Origin, Strategic Change and Firm Performance," was co-authored by Anthea Zhang, the Jesse H. Jones distinguished associate professor of management at Rice.
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