OD Step 2-Strategy Flashcards
Analyzer with Innovation
a strategy that is similar to a prospector but with more emphasis on exploitation
Analyzer without innovation
a strategy that is similar to a defender but with more emphasis on exploration
Defender
a strategy that focuses on exploitation and innovation only in narrow, limited areas
Environment
the marketplace, the regulatory and legal situate, the opportunities and other aspects of the context in which the firm operates
Exploration
search, variation, risk taking, and innovation by the firm
Exploitation
refinement, efficiency, selection, and implementation by the firm
Organization
a collection of people identified socially as a firm or one of its subunits; deliberately formed, goal-directed, bounded, and functions on a relatively continuous basis
Prospector
a strategy that takes an aggressive approach to innovation, systematically searching for new opportunities. It experiments regularly with change.
Reactor
a strategy that lacks an intentional strategy toward innovation. It makes adjustments when forced or when there is an urgent need or problem.
Strategy
the firm’s position on exploration and exploitation
Structure
the partition of tasks by work roles and the reporting relationships among the work roles