Identify and briefly discuss three differences between strat

Identify and briefly discuss three differences between strategy formulation and strategy implementation?

Your response should be at least 200 words in length

Solution

Strategy formulation is basically about

1.Vision and mission statements are developed

2.Organizational values are defined

Whereas in strategy development

1.Organization internal strength and weakness and exteranl threat and oppurtunities are analysed

2.Long term organizational objectives are established

3.Strategies to achieve those objectives are defined

3.Defining values

It is the first step in crafting a strategy and starts with the basic 3 step of Mission ,vision and Value

Strategy implemetna