____ strategies in the Miles and Snow model represent a middle-of-the-road approach to business strategy.
A) Analyzer
B) Defender
C) Cash cow
D) Prospector
E) Star

Question

Quizplus · Accepted Answer

The Miles and Snow model categorizes organizations into four strategic types: Defenders, Prospectors, Analyzers, and Reactors. The Analyzer strategy represents a middle-of-the-road approach, where companies balance the need for stability and flexibility. They follow established procedures and processes, but also adapt to changes in the market and keep an eye on emerging opportunities. Defenders focus on maintaining stable operations and minimizing risk, whereas Prospectors seek out new opportunities and take risks to grow their business. The other options, Cash cow and Star, are part of the Boston Consulting Group (BCG) Matrix, which classifies a company's portfolio of products into four categories based on market growth rate and relative market share.

____ Strategies in the Miles and Snow Model Represent a Middle-Of-The-Road