Select a Defining Characteristic of Prospector Firms

question 1

Multiple Choice

Select a defining characteristic of prospector firms.

• A) Such firms adopt strategies that focus on deepening their capabilities through technologies that extend rather than replace their current ones.
• B) They tend to adopt an early-follower strategy to grab a dominant position more from their strengths in marketing and manufacturing than from technological innovation.
• C) Executives in such firms tend to be more concerned about the opportunity costs of not taking action than they are about the potential to fail.
• D) Such firms are risk averse and tend to operate in environments that are stable and predictable.
• E) They are less innovative than defender firms because they tend to let others demonstrate solid demand in new arenas before responding.

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Definitions:

Perception of Information

How individuals interpret or understand information received from their surroundings or communicated to them, influenced by their beliefs, experiences, and cognitive biases.

Incorporation of Knowledge

The process of absorbing, embedding, and applying new information into an existing body of knowledge to enhance understanding or performance.

Value System

A set of consistent personal or societal beliefs and attitudes that determine one's judgments and actions.

Evaluation of Teaching Strategies

The systematic assessment of the effectiveness and impact of various teaching methods on student learning.