Typology Lecture 5 2 Typology 1. Prospector: Strategy is to innovate, take risks, seek out new opportunities, and grow. Suited to dynamic, growing environment, where creativity is most important 2. Defender: Opposite of prospector. 3 Typology 3. Analyzer: Tries to maintain a stable business while innovating on the periphery. Midway between prospector and defender strategies. Some products for stable and some for dynamic environment. 4. Reactor: Strategy is not really a strategy at all. They respond to environment. 4 Strategy and Design Interplay 5 Create a fit between internal characteristics of the company and the environment 6 Efficiency Effectiveness 7 Strategy and design Design is an outcome of strategic choice