Differentiate Between Strategy Formulation and Strategy Implementation

question 72

Essay

Differentiate between strategy formulation and strategy implementation.

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Definitions:

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services, such as labor and materials.

Saving Face

Efforts made by individuals or groups to avoid embarrassment or maintain dignity and respect in the eyes of others.

Appreciative Inquiry

An approach focusing on identifying and building upon an organization's strengths and successes rather than problems.

Discovery

The act or process of finding or learning something new that was not known before.