According to Miles et al. (1978), there are four types of approach to determining the adaptive problems. Ideally, the companies are then categorized by the ‘Strategic Types’ skeleton as that incorporates the following: Defender, Prospector, Analyzer, and Reactor. A Defender remains a corporate that, having achieved control of a given market focuses on making it secure. A Prospector concentrates on the innovation and discharge of novel products into present or new markets or both. An Analyzer tries to balance a Prospector innovation with Defender efficiency. Reactors, on the other hand, cooperate, which are incapable or reluctant to take a steady approach (Miles et al., 1978). None of the four types is necessarily right or wrong. Ideally, an individual company may be successful in doing diverse things. In the same way, an organization may decide to implement a novel product after every quarter, or may center all the corporate energies on a star product. What remains significant; however, is that the kind of competitive…….
The post What are the four organizational strategy types? Describe how an organization chooses which strategy to implement.
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