In Miles and Snows's Strategy Typology, the prospector:
A) Attempts to maintain a stable business environment by finding a middle ground between stability and innovation.
B) Most closely resembles Porter's Low-Cost Leadership strategy.
C) Responds to environmental threats in an ad hoc fashion without revealing a clear strategy.
D) Seeks innovation or risk taking and is therefore best suited to the dynamic environment.

Question

Quizplus · Accepted Answer

The prospector seeks innovation or risk taking and is therefore best suited to the dynamic environment. This strategy emphasizes being the first mover in a market or industry and actively seeking out new opportunities and markets to explore. This requires a willingness to take risks and adapt to changing environments, making it best suited for companies operating in dynamic, rapidly changing industries.

In Miles and Snows's Strategy Typology, the Prospector