Question

Organizations following a(n) ________ strategy try to both minimize risk and maximize opportunity for profit, moving into new products or new markets only after innovators have proven their viability.

A) innovation
B) cost-cutting
C) imitation
D) organic
E) mechanistic

Answer 1

Organizations following an imitation strategy minimize risk and maximize opportunity for profit by moving into new products or markets after innovators have proven their viability.

Step-by-step explanation:

Organizations following an imitation strategy try to both minimize risk and maximize opportunity for profit, moving into new products or new markets only after innovators have proven their viability.

An imitation strategy in business refers to a competitive approach where a company seeks to replicate or mimic the successful strategies, products, or business models of its competitors. Instead of focusing on innovation and creating entirely new products or approaches, a company employing an imitation strategy aims to duplicate the success of established market leaders.