This PPT slide, part of the 38-slide Ten Schools of Thought on Strategic Management PowerPoint presentation, presents a framework for understanding strategy formulation through the lens of the School of Entrepreneurship. It emphasizes a visionary approach, contrasting it with more traditional methods. The overview section highlights the school’s focus on the chief executive, suggesting that leadership plays a pivotal role in strategic decision-making. Unlike the design school, which emphasizes structured planning, this perspective roots strategy in intuition and the economic principles articulated by notable figures like J.A. Schumpeter and A.H. Cole.

The slide categorizes the school as both prescriptive and descriptive, indicating that it provides guidelines while also reflecting real-world practices. The base principle of economics suggests that financial considerations are central to strategic choices. This approach shifts the focus from rigid plans to broader visions, allowing for flexibility in strategy development.

The intended strategy is labeled as "Envision," which implies a forward-thinking mindset. This aligns with the idea that leaders must cultivate a vision that guides their organizations. The realized strategy is described as "Centralize (then hope)," indicating a potential reliance on centralized decision-making followed by an optimistic outlook on outcomes.

The slide also notes applications in specific contexts, such as startups and turnaround situations, underscoring the relevance of this school in dynamic environments. The final statement reinforces the importance of leadership in this process, encapsulating the essence of the school’s philosophy. For potential customers, this slide offers valuable insights into how a visionary approach can shape strategic thinking and execution.

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Henry Mintzberg Strategy Development Strategic Thinking Leadership Entrepreneurship