Definition: is a strategical, operational planning done by one person during the early stage in a business’s development. This method oftentimes involves a specific strategy that is developed by a chief executive, a founder of the company, or a couple of the first founders, who actively look for the new business opportunities and are highly oriented towards the growth of their business, making all of the main decisions in the company and developing new strategies on their own. It might also imply an informal, oftentimes intuitive approach to the strategic management usually associated with smaller companies and firms.
In a Sentence:
Being the only person who is standing at the wheel of the company, he has to employ the entrepreneurial mode and develop the strategy on his own.
At such an early stage of our firm’s development, the only strategic and logical option we have is the entrepreneurial mode of management. We need to think about the possibilities that we have and try to turn the circumstances in our favor.
Synonyms and related words: planning mode, entrepreneurial management, entrepreneurial organization, planning method, management method, supported employment.