Scribd
Upload
5K views1 page

Strategy Formulation and Strategy Implementation

Strategy formulation involves planning and decision-making to develop organizational goals and strategic plans, while strategy implementation refers to executing those strategic plans through operational decisions and coordinating many individuals. Strategy formulation emphasizes effectiveness and is a rational, entrepreneurial process requiring few coordinators with initiative and logic, whereas strategy implementation emphasizes efficiency and is an administrative, operational process requiring strong leadership and motivation across many coordinators.

Uploaded by

abahpalingterer
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
5K views1 page

Strategy Formulation and Strategy Implementation

Strategy formulation involves planning and decision-making to develop organizational goals and strategic plans, while strategy implementation refers to executing those strategic plans through operational decisions and coordinating many individuals. Strategy formulation emphasizes effectiveness and is a rational, entrepreneurial process requiring few coordinators with initiative and logic, whereas strategy implementation emphasizes efficiency and is an administrative, operational process requiring strong leadership and motivation across many coordinators.

Uploaded by

abahpalingterer
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Following are the main differences between Strategy Formulation

Strategy Formulation and Strategy ImplementationStrategy Implementation

Strategy Formulation includes planning and decisionmaking involved in developing organizations strategic goals and plans.

Strategy Implementation involves all those means related to executing the strategic plans.

In short, Strategy Formulation is placing the Forces before the action.

In short, Strategy Implementation is managing forces during the action.

Strategy Formulation is an Entrepreneurial Activity based on strategic decision-making.

Strategic Implementation is mainly an Administrative Taskbased on strategic and operational decisions.

Strategy Formulation emphasizes on effectiveness.

Strategy Implementation emphasizes on efficiency.

Strategy Formulation is a rational process.

Strategy Implementation is basically an operational process.

Strategy Formulation requires co-ordination among few individuals.

Strategy Implementation requires co-ordination among many individuals.

Strategy Formulation requires a great deal of initiative and logical skills.

Strategy Implementation requires specific motivational and leadership traits.

Strategic Formulation precedes Strategy Implementation.

STrategy Implementation follows Strategy Formulation.

You might also like