BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -And that’s the reason which will explain why strategy implementation is more difficult than strategy formulation. That’s because, good strategy execution requires that all the resources, people and brand elements involved in that interaction need to be in line with the strategy.

Detailed explanation-2: -The given statement is true. Explanation: Strategy formulation is one of the steps under strategic management that has the functioning of emphasizing the specific action that a firm wants to achieve. Strategy formulation provides a process to follow and to achieve an objective.

Detailed explanation-3: -Formulating a strategic goal could be difficult as there are multiple factors like location, culture, organizational objectives, resources, and skillset that have to be considered.

Detailed explanation-4: -Implementation is the process that turns your strategies and plans into actions so you can accomplish strategic objectives and goals. Implementing your strategic plan is as important, or even more important, than your strategy.