Which mode is characterized by an informal and intuitive approach to strategic management?

The entrepreneurial mode is characterized by an informal and intuitive approach to strategic management. In this mode, leaders often rely on their instincts and personal insights to guide the strategic direction of the organization. This approach is typical in smaller or newer companies where there may not be established processes for planning. Decision-making tends to be swift and nimble, reflecting the founder's vision and adaptability to change. As a result, strategies are more emergent and less reliant on extensive data analysis or systematic planning frameworks.

In contrast, the planning mode emphasizes formalized processes and thorough analyses to develop strategies, often involving detailed forecasts and structured methodologies. The adaptive mode, while also less formal than planning, typically focuses on incremental adjustments to strategies based on feedback and changing environments rather than intuitive leaps. The formal mode is entirely structured and relies on established policies and procedures for strategic management, which diverges from the more spontaneous and instinctual nature of the entrepreneurial mode.