When a Firm Responds to Uncertainty in Its Environment as A(n)

question 61

Multiple Choice

When a firm responds to uncertainty in its environment as a(n) ________, its continual pursuit of product and market innovation may lead to a loss of efficiency, but is likely to make competitors nervous.

• A)reactor
• B)analyzer
• C)defender
• D)prospector
• E)executor

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Definitions:

Identity

A concept referring to the various social categories, roles, and personal traits that define who a person is.

Symbolic Interactionism

Theory of how the self emerges from human interaction that involves people trading symbols (through language and gesture) that are usually consensual and represent abstract properties rather than concrete objects.

Non-verbal Cues

Forms of communication without words, such as gestures, facial expressions, body language, and postures, conveying messages or emotions.

Cognitive Constructs

Mental models or concepts that individuals use to organize and interpret their experiences.