Asked by
Tamyia Jordan
on Nov 06, 2024Verified
In the context of the adaptation model, which of the following strategies works best when the business environment is dynamic and growing and has considerable uncertainty and risk?
A) A defender strategy
B) The prospector strategy
C) The analyzer strategy
D) A retrenchment strategy
Prospector Strategy
A business approach focusing on innovation and exploration, seeking to discover new opportunities and markets.
Dynamic Environment
A situation or setting that is characterized by constant change, challenges, and opportunities, requiring organizations or individuals to adapt rapidly.
- Recognize tactics employed by enterprises to adapt to varying market and competitive landscapes.
Verified Answer
DC
Learning Objectives
- Recognize tactics employed by enterprises to adapt to varying market and competitive landscapes.
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