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Sample Reading Comprehension - 59 | HPSC Preparation: All subjects - HPSC (Haryana) PDF Download

Directions: Read the passage and answer the questions that follow:
Many present-day boards now recognise the need for careful succession planning. The Chief Executive Officer’s succession plans are commonly part of his annual performance review, and most boards now devote several meetings a year to the subject. One crucial decision that boards face is whether to select one of their own or an outsider. Unsurprisingly, firms in trouble are much more likely to look for fresh blood. When the business is running smoothly, directors are more than happy to pick an experienced insider, who will continue along the present path. Whereas promising senior executives will often abandon a struggling company, successful firm stand to have a large pool of talented managers to choose from. Occasionally, even a successful company appoints an outsider who can introduce some particular expertise. Many utility companies seek outside Chief Executive Officers to shepherd them through the complexities of deregulation. Many boards do consider outsiders even when the existing Chief Executive Officer is planning a normal retirement. 

Question for Sample Reading Comprehension - 59
Try yourself:Consider the following statements
  1. Companies are too complacent and do not address the problem of succession of their Chief Executive Officers.
  2. Even successful companies do not have enough talent in their ranks to pick incumbent to the post of Chief Executive Officer. Which of the statements given above is/are correct?
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Question for Sample Reading Comprehension - 59
Try yourself:What is the main issue in this passage?
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Question for Sample Reading Comprehension - 59
Try yourself:Successful companies sometimes appoint Chief Executive Officers from outside because
View Solution

Question for Sample Reading Comprehension - 59
Try yourself:Successful companies prefer to promote an inside executive as Chief Executive Officer for reasons of
View Solution

Question for Sample Reading Comprehension - 59
Try yourself:The passage conveys that an ailing firm can be revived by the appointment of a Chief Executive Officer who is an
View Solution

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FAQs on Sample Reading Comprehension - 59 - HPSC Preparation: All subjects - HPSC (Haryana)

1. What is HPSC?
Ans. HPSC stands for Haryana Public Service Commission. It is a state agency responsible for conducting civil services examinations and recruitment for various government job positions in the state of Haryana.
2. What is the significance of HPSC exam?
Ans. The HPSC exam is of great significance as it serves as the gateway for candidates aspiring to secure government job positions in Haryana. Through this exam, candidates can apply for various administrative, police, and other civil services positions in the state government.
3. What is the eligibility criteria for HPSC exam?
Ans. The eligibility criteria for the HPSC exam may vary depending on the specific job position. Generally, candidates must possess a bachelor's degree from a recognized university and meet the age limit criteria specified by the commission. Additional criteria such as physical standards and educational qualifications may apply for certain positions.
4. How can I apply for the HPSC exam?
Ans. To apply for the HPSC exam, candidates need to visit the official website of the Haryana Public Service Commission. The commission releases notifications regarding the exam and the application process. Candidates can fill out the online application form, pay the required application fee, and submit the necessary documents as per the instructions provided in the notification.
5. What is the selection process for the HPSC exam?
Ans. The selection process for the HPSC exam typically includes a preliminary examination, a main examination, and an interview. The preliminary examination is objective in nature and serves as a screening test. Candidates who qualify the preliminary exam are eligible to appear for the main examination, which is a descriptive type test. Those who clear the main examination are further called for the interview round, where their personality, knowledge, and suitability for the job are assessed. Final selection is based on the candidate's performance in all stages of the selection process.
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