Q1
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
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
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.