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 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 Task based 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.|
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