Exploitation: LO5

a. What is the firm’s degree of process innovation? Scale 1 to 5

b. Do your customers value standardization and reliability? Scale 1 to 5

c. Is your company adept at utilizing digitalization to improve production processes? Scale 1 to 5

d. Is your focus on developing production processes rather than new products? Scale 1 to 5

e. What are the barriers to entry in its industry? Scale 1 to 5

Now, mark the firm’s location on the exploitation axis in Figure 2.2. If the score you gave is greater than 3, then the organization is high on exploitation. If the score you gave is less than 3, then it is low on exploitation.

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Low Exploitation High Defender Analyzer without 5 innovation 4- Analyzer with innovation Exploration High 2+ Reactor Prospector 1 Low Figure 2.2 Locate your organization in the strategy space by rating the levels of exploration and exploitation