The Relation between Strategy Formulation and Strategy Implementation
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Successful strategy formulation does not guarantee successful strategy implementation. Strategy implementation is fundamentally different from strategy formulation. Strategy formulation and implementation can be contrasted in the following ways:
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STRATEGY FORMULATION | STRATEGY IMPLEMENTATION |
Strategy formulation is positioning forces before the action.
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Strategy implementation is managing forces during the action.
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Strategy formulation focuses on effectiveness.
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Strategy implementation focuses on efficiency.
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Strategy formulation is primarily an intellectual process.
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Strategy implementation is primarily an operational process.
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Strategy formulation requires good intuitive and analytical skills.
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Strategy implementation requires special motivation and leadership skills
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Strategy formulation requires coordination among a few individuals
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Strategy implementation requires combination among many individuals.
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