Debt Ceiling in Sporting World
In the previous articles, we have already seen that sporting franchises are required to raise a lot of capital at regular intervals. Hence, they are required to regularly raise debt from the marketplace. However, it is important to note that the decision regarding how much debt can be raised by a sporting franchise is not […]
Role of Consumer Behaviour in Advertising
Marketers need to understand the buying behaviour of consumers while designing their advertisements for the desired impact. Advertisements play an essential role in creating an image of a product in the minds of consumers. Advertisements must be catchy and communicate relevant information to consumers. Understanding the needs of the consumer is really important when it […]
Turning the Heat On: A Case Study of the Indian Solar Industry
The Reasons for the Push towards Solar in the Indian Renewable Sector Globally, there has been a push, and a movement towards renewable sources of energy given the fast depleting reserves of oil and coal as well as due to concerns over climate change and global warming brought about due to the burning of fossil […]
PESTLE Analysis of Samsung
Introduction Samsung is a global conglomerate that operates in the “White Goods” market or the market for consumer appliances and gadgets. The company that is a South Korean family owned business has global aspirations and as the recent expansion into newer markets has shown, Samsung is not content with operating in some markets in the […]
Barriers to Effective Team Building
Teams are formed to ease the work pressure on the individual and achieve the targets within the desired time frame. In teams, individuals share responsibilities among themselves, help each other to accomplish a complicated task. The team members must be comfortable with each other and be a little more flexible and adjusting. Bringing individuals together […]
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. | 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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