There is a big confusion in the mind of many management students and layman regarding strategy formulation and strategy implementation. Strategy Formulation means crafting a combination of strategies and picking out the best one to achieve the organizational goals and objectives. On the other hand, Strategy Implementation refers to the execution of the opted strategy. After, performing a deep research on the two strategic management terms, we have compiled the difference between Strategy Formulation and Strategy Implementation, have a look at it.
Read more: http://keydifferences.com/difference-between-strategy-formulation-and-strategy-implementation.html#ixzz4JImWffRu