Question 3

Which of the following is a difference between a prospector strategy and a defender strategy?

a.

A prospector strategy works best when the business environment has relatively little uncertainty, whereas a defender strategy works best when the business environment has considerable uncertainty.

b.

In a prospector strategy, prospectors continually focus on new products and markets, whereas in a defender strategy, defenders focus primarily on their existing environment.

c.

A prospector strategy works best when the business environment has a high degree of stability, whereas a defender strategy works best when the business environment is dynamic and growing.

d.

HR managers in firms using a prospector strategy recruit stable employees who exhibit loyalty to the firm, whereas HR managers in firms using a defender strategy recruit employees who frequently change their jobs.