Which Types of Business Strategies Are Most Likely to Be

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\begin{array}{c}\begin{array}{lll} ext {Stage}\ ext {Introduction}\\\ ext {Growth}\\\\\\\ ext {Maturity}\\\\end{array}\begin{array}{lll} ext {Strategy}\ ext {Prospector}\\\ ext {Prospector}\\\ ext {Analyzer}\\\\ ext {Defender}\\\\end{array}\begin{array}{lll} ext {Rationale}\ ext {This is a period of change and uncertainty, and }\ ext {the prospector is designed to adapt to changing }\ ext {conditions.}\ ext {Early in the growth phase, the prospector shoul }\ ext {continue to do best, because the nature of }\ ext {change favors experimentation.}\ ext {Later in the growth phase, the analyzer should }\ ext {do best, because the approaching shakeout will}\ ext { favor firms with a stable base and updated offerings}\ ext {Both defender types (differentiated and low}\ ext { cost) should do best in mature and declining }\ ext {environments because of their emphasis on }\ ext {domain preservation}\end{array}\end{array}

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