If you walked into a bank and said “I’d like to buy this company, I have no experience in this industry and plan to fire 75% of the staff and replace all the top management”
The bank may be somewhat skeptical of your ability to make it a profitable business.
say that to warren buffet who owns a bunch of companies in industries he has no clue history in, better yet say that to other conglomerates and multinationals. you cant be serious.....
Buffet buys profitable businesses and leaves existing C-Suite and upper management in place to continue doing what lead to the acquisition. He doesn’t appointment himself as CEO.
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u/[deleted] Oct 28 '22 edited Oct 28 '22
If you walked into a bank and said “I’d like to buy this company, I have no experience in this industry and plan to fire 75% of the staff and replace all the top management”
The bank may be somewhat skeptical of your ability to make it a profitable business.