Question

Explain the five differences between strategy formulation and strategy implementation?

Answer 1

The five differences between strategy formulation and strategy implementationa are as follows.

1)Strategy formulation includes the process of devising and planning a strategy while implementation means taking action on the planned activities.

2)Analytical skills are required for strategy formulation while operational skills are required for strategy implementation.

3)In strategy formulation, resources are specified and gathered while in strategy implementation, the gatheref resources are used as required.

4)Strategy formulation is a strategic process while stragey implementation is an operational process.

5)Strategy Implementation is a top down process while strategy implementation is a lateral process.