Strategy Formulation vs Strategy Implementation
Following are the main differences between Strategy Formulation and Strategy Implementation-
| Strategy Formulation |
Strategy Implementation |
| Strategy Formulation includes planning and decision-making involved in developing organization’s 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.
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Strategic Implementation is mainly an Administrative Task based on strategic and operational decisions. |
| Strategy Formulation emphasizes on effectiveness.
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Strategy Implementation emphasizes on efficiency. |
| Strategy Formulation is a rational process.
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Strategy Implementation is basically an operational process. |
| Strategy Formulation requires co-ordination among few individuals.
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Strategy Implementation requires co-ordination among many individuals. |
| Strategy Formulation requires a great deal of initiative and logical skills.
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Strategy Implementation requires specific motivational and leadership traits. |
| Strategic Formulation precedes Strategy Implementation. |
STrategy Implementation follows Strategy Formulation. |
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