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
D. prospector
Prospectors focus on developing new products or services and in seeking out new markets, rather than waiting for things to happen. The continual product and market innovation has a price: Such companies may suffer a loss of efficiency. Nevertheless, their focus on change can put fear in the hearts of competitors.
You might also like to view...
Answer the following statements true (T) or false (F)
1. Tanesha works for a line of sporting goods stores. In her role, she makes strategic long-term decisions about her company's overall direction, and she creates the overall corporate goals, policies, and strategies. In light of these tasks, Tanesha must be a middle manager. 2. The vice president of human resources is a first-line manager. 3. Robert is a district manager who oversees several store managers in a national chain of restaurants. Robert reports directly to the vice president of stores and marketing, a member of top management. Robert is a middle manager. 4. Mintzberg concluded that managers play three broad types of roles: interpersonal, analytical, and critical. 5. Opportunity entrepreneurs are those who start their own business because they lost a job.
A(n) ________ is an emergency action that a WTO member state may take in order to protect its domestic industry from serious injury due to a sudden increase in the quantity of an imported product
A. servitude B. safeguard C. delict D. usus
Suppose that the last four months of sales were 8, 10, 15, and 9 units, respectively. Suppose further that the last four forecasts were 5, 6, 11, and 12 units, respectively. What is the Mean Absolute Deviation (MAD) of these forecasts?
A) 2 B) -10 C) 3.5 D) 9 E) 10.5
_____ refers to a process by which you earn interest not only on the money you directly invest but also on the interest you've earned in previous years.
A. Compounding B. Diversifying C. Recurring D. Divesting