Answer:
The answer would be, Democratic or Participative Style of leadership.
Explanation:
Democratic or Participative Style of Leadership is the leadership which emphasis on the participation from the team members in the decision making process. New ideas, new suggestions are encouraged in this style of leadership.
So in this scenario, when the manager is asked to find out new directions for an old product, the wants to hire people with fresh minds and new ideas who have recently graduated from the colleges. So the manager is practicing the Democratic/ Participative style of leadership.