Which environmental factor is conducive to the prospector strategy?

Question

Quizplus · Accepted Answer

The prospector strategy is best suited for industries in the early growth stage, as these industries have a high level of uncertainty and require experimentation and innovation to succeed. Prospector organizations thrive in dynamic and rapidly changing markets, where they can take risks and explore new opportunities. As the industry matures, the level of uncertainty decreases, and it becomes more difficult for prospectors to maintain their competitive advantage. Therefore, options B, C, and D are not conducive to the prospector strategy.

Which Environmental Factor Is Conducive to the Prospector Strategy