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
Correct Answer: An organisation that actively seeks new opportunities and change
'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.