Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode
B. adaptive mode
C. strategic mode
D. entrepreneurial mode
Answer: Option D
Solution(By Examveda Team)
Strategy is developed by the visionary chief executive in entrepreneurial mode of strategic management. In the entrepreneurial mode, strategy is developed mainly by a strong visionary chief executive who actively searches for new opportunities, is heavily oriented towards growth and is willing to make bold decisions or to shift strategies whenever necessary.This Question Belongs to Management >> Strategic Management
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Hi,
As far as I understand Strategy is a plan of action which aims at accomplishing organisational aims from a long term perspective.
Hence strategy is developed by the visionary chief executive in planning mode.
Kindly suggest