Following are the main differences between Strategy Formulation and Strategy

Implementation-

Strategy Formulation Strategy Implementation

Strategy Formulation includes planning Strategy Implementation involves all those

and decision-making involved in means related to executing the strategic
developing organization’s strategic goals plans.
and plans.

In short, Strategy Formulation is placing In short, Strategy Implementation

the Forces before the action. is managing forces during the action.

Strategy Formulation is Strategic Implementation is mainly

an Entrepreneurial Activity based on an Administrative Taskbased on
strategic decision-making. strategic and operational decisions.

Strategy Formulation emphasizes Strategy Implementation emphasizes

on effectiveness. on efficiency.

Strategy Formulation is a rational Strategy Implementation is basically

process. an operational process.

Strategy Formulation requires co- Strategy Implementation requires co-

ordination among few individuals. ordination among many individuals.

Strategy Formulation requires a great deal Strategy Implementation requires

of initiative and logical skills. specific motivational and leadership
traits.

Strategic Formulation precedes Strategy STrategy Implementation follows Strategy

Implementation. Formulation.