Strategy is formed by a visionary chief executive in ________ mode of management
Strategy is formed by a visionary chief executive in ________ mode of management
A: Planning mode
B: Adaptive mode
C: Strategic mode
D: Entrepreneurial mode
Entrepreneurial mode of strategy making is where the leader or chief executive drives the vision. It is based on bold moves and risk taking. For example founders of technology companies often take entrepreneurial decisions that shape the whole industry. This mode depends on strong leadership and personal vision rather than formal planning. It can bring innovation but may also carry risks if decisions fail.