MSG Team's other articles

10214 The Making of Brand Leaders

Every Management student and future Business Manager would do well to study and understand more about how certain Organizations build brand leadership and keep growing. Some of the global brand names like Apple, Sony, Reebok, Nike, Samsung, and companies like Dell, IBM, HP, Xerox, GE, Motorola not to forget a host of other technology Companies […]

11061 Role of Attitude and Personality in Sales Management

The art of achieving the sales targets within the desired time frame through effective planning and budgeting refers to sales management. Effective sales management ensures timely generation of revenue and profitability of the organization. Sales professionals in simpler words are the face of any organization and have the responsibility of making a particular brand popular […]

11866 What is Good Corporate Governance ?

Corporate Governance is the art of directing and controlling the organization by balancing the needs of the various stakeholders. This often involves resolving conflicts of interest between the various stakeholders and ensuring that the organization is managed well meaning that the processes, procedures and policies are implemented according to the principles of transparency and accountability. […]

9973 Internal Relationship Marketing

As the world has moved towards globalization, businesses and Organisations have had to keep pace with the external environment. We have seen the emergence of large Business Organisations and Multi National Companies who have business presence in multiple sectors and are present in markets across the globe. Such Organisations are structured differently and promote de-centralised […]

10962 Reputation Management in the Age of 24/7 Media and Viral Social Media Transmissions

The Media Deluge and the Cacophony of Crowds calls for Reputation Management We live in times when hundreds and even thousands of media outlets scan the happenings and events all around us and report and disseminate information and news about them. In addition, Facebook posts, Twitter updates, and WhatsApp videos and messages go viral in […]

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Following are the main differences between Strategy Formulation and Strategy Implementation-

Strategy FormulationStrategy 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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