Prospectors Are

question 58

Multiple Choice

Prospectors are

• A)companies that continually change the boundaries for their task environments by seeking new products and markets,diversifying and merging,or acquiring new enterprises.
• B)companies that aggressively monitor and protect the established boundaries of their competitive environment.
• C)financially sound in unstable industries.
• D)firms that sell one or more businesses.
• E)in the mature stage of the product life cycle.

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Definitions:

Level of Effectiveness

A measure of how well an action achieves its intended outcome or objectives.

David A. Garvin's Model

A framework developed by David A. Garvin that outlines eight dimensions of product quality, including performance, features, reliability, conformance, durability, serviceability, aesthetics, and perceived quality.

Learning Organization

An organization that prioritizes and facilitates continuous learning and development among its members, adapting and evolving in response to changes and challenges.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making incremental enhancements over time.