Question

The CEO of Mabel Automobiles was the child of parents who had difficulty making enough money to support their family. As a result, he and his siblings did not have access to many advantages that children from wealthier families had. This CEO, therefore, emphasized making affordable, low-maintenance vehicles that could be bought by low-income households. Which of the following does this example demonstrate? Select one:
A. upper-echelons theory
B. scenario planning
C. Level-5 leadership pyramid
D. dominant strategic planning

Answer 1

Answer:

A. upper-echelons theory

Explanation:

Upper echelons theory postulates that too executives of a company view situations in a highly personalised way that is as a result of their experiences, values, and personalities.

The CEO of Mabel emphasized making affordable, low-maintenance vehicles that could be bought by low-income households.

This decision was as a result of his childhood experience where his parents had difficulty providing money to support the family.

He empathized with low income households, and wanted to provide goods that will help them