Your SlideShare is downloading. ×
0
 Strategic management
 Strategic management process
 Strategy formulation
 Strategy implementation
 Interdependence o...
 Strategic management is the set of decisions
and actions in formulation & implementation of
strategies designed to achie...
Reset if required
Reformulate
If required
Reimplement
If required
Establishing
strategic intent
Environmental
analysis
Org...
 Strategy formulation includes planning &
decision making that lead to the
establishment of firm’s goals & the
developmen...
 process through which a chosen strategy is
put into action..
 It involves changes in the organisational
structure and m...
FORWARD LINKAGE:
 Deals with impact of formulation on
implementation.
 With the formulation of new strategies or re-
for...
 BACKWARD LINKAGE:
 Past strategic actions are referred and analysed
while formulating/designing new strategies.
 Strat...
 STRATEGIC
FORMULATION
 It includes plans &
decision making
involved in developing
organisational strategic
goals & plan...
 Need coordination
among few individuals.
 It is a rational process.
 Require a great deal of
initiative & logical
skil...
 Strategic management :- L.M PRASAD
 GOOGLE.
 WEBOPEDIA
 SLIDESHARE.COM
strategy formulation vs strategy implementation
strategy formulation vs strategy implementation
strategy formulation vs strategy implementation
strategy formulation vs strategy implementation
Upcoming SlideShare
Loading in...5
×

strategy formulation vs strategy implementation

3,125

Published on

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
3,125
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
239
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "strategy formulation vs strategy implementation"

  1. 1.  Strategic management  Strategic management process  Strategy formulation  Strategy implementation  Interdependence of strategy formulation & implementation  Strategy formulation VS strategy implementation
  2. 2.  Strategic management is the set of decisions and actions in formulation & implementation of strategies designed to achieve the objectives of an organisation...
  3. 3. Reset if required Reformulate If required Reimplement If required Establishing strategic intent Environmental analysis Organisational analysis Setting long term objectives Identifying alternative strategy Choice of strategy Implementation of strategy Strategic contol Feedback
  4. 4.  Strategy formulation includes planning & decision making that lead to the establishment of firm’s goals & the development of a specific strategic plan..  It include assessing external environment & internal problems & integrating the results into goals & strategies..
  5. 5.  process through which a chosen strategy is put into action..  It involves changes in the organisational structure and management system of the organisation..
  6. 6. FORWARD LINKAGE:  Deals with impact of formulation on implementation.  With the formulation of new strategies or re- formulation of existing strategies, changes are required to be made within the firm..  Thus implementation is dependent on formulation
  7. 7.  BACKWARD LINKAGE:  Past strategic actions are referred and analysed while formulating/designing new strategies.  Strategy formulation is influenced by strategy implementation STRATEGY FORMULATION STRATEGY IMPLEMENTATION
  8. 8.  STRATEGIC FORMULATION  It includes plans & decision making involved in developing organisational strategic goals & plan.  It is the planning force before action  Focus on effectiveness  STRATEGIC IMPLEMENTATION  It involves all those activities which helps to execute strategic goals & plans.  It is the managing force during action.  Focus on efficiency
  9. 9.  Need coordination among few individuals.  It is a rational process.  Require a great deal of initiative & logical skills.  Strategic formulation precedes strategic implementation.  Responsibility of Top level management  Need coordination among many individuals.  It is a operational process  Require specific leadership & motivational skills.  Strategic implementation follows strategic formulation.  Responsibility of middle & operational level
  10. 10.  Strategic management :- L.M PRASAD  GOOGLE.  WEBOPEDIA  SLIDESHARE.COM
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×