Mintzberg's Modes of Strategy Formation

Mintzberg's Modes of Strategy Formation outlines different approaches organizations use to develop strategies. There are five key modes: 1. **Planning**: A formal, structured approach where strategies are meticulously formulated. 2. **Entrepreneurial**: Strategies emerge from the vision of a leader, often spontaneously as opportunities arise. 3. **Adaptive**: Organizations evolve their strategies based on experience and changing circumstances. 4. **Cultural**: Strategies develop from the shared values and norms within an organization. 5. **Imposed**: External factors or stakeholders dictate strategies, forcing organizations to adapt. These modes highlight the varied ways organizations can approach strategic decision-making.