Differentiate Between Strategy Formulation and Strategy Implementation

question 72

Essay

Differentiate between strategy formulation and strategy implementation.

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Definitions:

Cost Of Living

The overall expense required to maintain a certain standard of living, including basic expenses such as housing, food, taxes, and healthcare.

Recession Of 2001

A brief economic downturn in the United States that occurred in the early 2000s, marked by a decline in the stock market and increased unemployment.

Terrorist Attacks

Violent acts or threats intended to create fear and achieve a political, religious, or ideological aim, often targeting civilians.

Exogenously

Originating from outside; determined by external factors not within the system.