In Miles and Snows's Strategy Typology, the Prospector

question 55

Multiple Choice

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.

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Definitions:

Albert Bandura

A psychologist who is well-known for his work on social learning theory and the concept of self-efficacy.

Interactionist Approach

A theoretical perspective that emphasizes the combined effects of both individual characteristics (such as genetic traits) and environmental factors (such as societal influences) on human behavior.

Self-Efficacy

Refers to an individual's belief in their own ability to complete tasks and reach goals.

Latent Insecurity

A hidden or underlying feeling of uncertainty or anxiety about oneself that may not be immediately apparent.