Asked by
Chloe Schmidt
on Nov 06, 2024
Verified
A prospector strategy works best when a business operates in an environment with relatively little uncertainty and risk and high stability.
Prospector Strategy
A business strategy focused on growth and innovation by exploring new markets and opportunities, often at the risk of higher instability and investment.
Little Uncertainty
A scenario characterized by high predictability, allowing for accurate planning and forecasting.
- Observe the plans executed by firms in dealing with fluctuating market situations and competitive contexts.
Verified Answer
CM
Learning Objectives
- Observe the plans executed by firms in dealing with fluctuating market situations and competitive contexts.
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