Question 1

In the context of adaptive strategies, which of the following best describes prospectors?

Accepted Answer

A)   They seek moderate, steady growth by offering a limited range of products and services to a well-defined set of customers.
B)   They seek fast growth by searching for new market opportunities, encouraging risk taking, and being the first to bring innovative new products to market.
C)   They try to simultaneously minimize risk and maximize profits by following or imitating the proven successes of firms.
D)   They develop and follow a single strategy for extensive periods of time, irrespective of any changes taking place in the industry.

Question 2

Arboral Inc., an auto manufacturing company, has been extremely successful in its home country. In an attempt to increase its profitability, it has opened up new manufacturing plants and showrooms in three more countries. Which of the following grand strategies was used by Arboral in this scenario?

Accepted Answer

A)   The stability strategy
B)   The retrenchment strategy
C)   The growth strategy
D)   The acquisition strategy

Question 3

__________are companies using an adaptive strategy that seeks to minimize risk and maximize profits by following or imitating the proven successes of prospectors.

Accepted Answer

A)   Defenders
B)   Analyzers
C)   Prospectors
D)   Reactors;

Exam 6: Organizational Strategy

In the context of adaptive strategies, which of the following best describes prospectors?

Correct Answer
verified

Arboral Inc., an auto manufacturing company, has been extremely successful in its home country. In an attempt to increase its profitability, it has opened up new manufacturing plants and showrooms in three more countries. Which of the following grand strategies was used by Arboral in this scenario?

Correct Answer
verified

__________are companies using an adaptive strategy that seeks to minimize risk and maximize profits by following or imitating the proven successes of prospectors.

Correct Answer
verified

Exam 6: Organizational Strategy

In the context of adaptive strategies, which of the following best describes prospectors?

Correct AnswerverifiedShow Answer

Arboral Inc., an auto manufacturing company, has been extremely successful in its home country. In an attempt to increase its profitability, it has opened up new manufacturing plants and showrooms in three more countries. Which of the following grand strategies was used by Arboral in this scenario?

Correct AnswerverifiedShow Answer

__________are companies using an adaptive strategy that seeks to minimize risk and maximize profits by following or imitating the proven successes of prospectors.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified