The ________ strategy is one in which an organization continually innovates by finding and exploiting new product and market opportunities.
A) prospector
B) defender
C) analyzer
D) reactor

Question

Quizplus · Accepted Answer

The prospector strategy is characterized by a focus on innovation and growth, with an emphasis on finding new product and market opportunities. This type of strategy is often employed by organizations in dynamic or rapidly changing industries, where it is necessary to continually adapt and innovate in order to stay ahead of the competition. The other options (defender, analyzer, and reactor) are all different types of strategies that focus on different aspects of organizational behavior and may not prioritize innovation and growth to the same extent as the prospector strategy.

The ________ Strategy Is One in Which an Organization Continually