BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Strategy formulation is the managing of forces during the action, whereas strategy implementation is the positioning of forces before the action. Strategy formulation requires coordination among a few individuals, but strategy implementation requires coordination among many.

Detailed explanation-2: -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.

Detailed explanation-3: -The correct option is 4. Strategy implementation should be kept separate and distinct from strategic management. The continuous planning, monitoring, implementing and controlling of strategies is a process. It is known as strategic management.

Detailed explanation-4: -Strategy implementation is the process of turning plans into action to reach a desired outcome. Essentially, it’s the art of getting stuff done. The success of every organization rests on its capacity to implement decisions and execute key processes efficiently, effectively, and consistently.

Detailed explanation-5: -The first step is to identify your mission, vision, values and objectives. This is done by performing research and organizational analysis. This analysis concerns itself with all aspects of a business.