CA Inter P6 · Chapter 14 · Question 1 of 10
Which statement correctly distinguishes strategy formulation from strategy implementation?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Formulation positions forces before action and needs good intuitive and analytical skills, while implementation manages forces during action and needs motivation and leadership skills
Explanation
Strategy formulation is mainly an intellectual, entrepreneurial process focused on effectiveness, and needs coordination among a few people at the top. Strategy implementation is an operational process focused on efficiency. It needs motivation and leadership skills and coordination among many people across the organisation.
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