Executives in defender firms are most likely to
A) be concerned about the opportunity costs of not taking an action.
B) support an outward-looking and opportunistic culture.
C) base strategic decisions on careful analysis and experience in the industry setting.
D) adopt a first-mover strategy to grab a dominant position in the industry.
E) be more innovative than their counterparts in prospector firms.

Question

Quizplus · Accepted Answer

Defender firms are characterized by a focus on defending their current market position rather than taking risks and exploring new opportunities. Therefore, executives in such firms are likely to base their strategic decisions on careful analysis and experience in the industry setting to avoid losing ground to competitors. They are less likely to adopt a first-mover strategy, be innovative, or support an outward-looking and opportunistic culture. While they may consider opportunity costs, this is not their primary concern.

Executives in Defender Firms Are Most Likely to