Which of the following best describes the prospector strategy in Miles and Snow's typology?
A) It attempts to maintain a stable business environment by finding a middle ground between stability and innovation.
B) It most closely resembles Porter's low-cost leadership strategy.
C) It responds to environmental threats in an ad hoc fashion without revealing a clear strategy.
D) It seeks innovation or risk taking and is therefore best suited to the dynamic environment.

Question

Quizplus · Accepted Answer

The prospector strategy in Miles and Snow's typology seeks innovation or risk taking and is therefore best suited to the dynamic environment. It involves being a first mover, seeking out new market opportunities, and continuously innovating to stay ahead of competitors. This strategy is most appropriate in industries that are rapidly changing, such as technology or fashion.

Which of the Following Best Describes the Prospector Strategy in Miles