The informal,intuitive and limited approach to strategic management associated with owner-managers of smaller firm refers to the ____ mode of formality.

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The informal, intuitive and limited approach to strategic management is characteristic of owner-managers of smaller firms who focus on taking risks, exploiting opportunities and relying on their own judgment and experience rather than formal planning processes. This approach is known as the entrepreneurial mode of formality.

The Informal,intuitive and Limited Approach to Strategic Management Associated with Owner-Managers