Q323
What do you understand by the term 'a prospector organisation'?
A.
An organisation that represents a good prospect for a firm looking to make an acquisition
B.
An organisation with good growth prospects
C.
An organisation that has recently been founded as an entrepreneurial start-up
D.
An organisation that actively seeks new opportunities and change
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
'A prospector organisation' means An organisation that actively seeks new opportunities and change. Prospector organizations face the entrepreneurial problem of locating and exploiting new product and market opportunities.