_____ are companies using an adaptive strategy that seeks to minimize risk and maximize profits by following or imitating the proven successes of companies that seek fast growth by searching for new market opportunities, encouraging risk taking, and being the first to bring innovative new products to market.
A) Defenders
B) Analyzers
C) Prospectors
D) Reactors

Question

Quizplus · Accepted Answer

Analyzers are companies that use an adaptive strategy to minimize risk and maximize profits by following or imitating the proven successes of prospectors, who are the ones seeking fast growth and innovation.

_____ Are Companies Using an Adaptive Strategy That Seeks to Minimize