Business Study
Total Marks5
Starting DateThursday, June 02, 2022
Closing DateWednesday, June 08, 2022
StatusOpen
Question TitleStrategy Formulation Vs Implementation
Question Description

SPRING2022

 

Strategic Management (MGT603)

 

GDB No. 1

 

Total Marks:             5

Due Date:                   Wednesday, June 08, 2022

Title:                           “Strategy Formation Vs Strategy Implementation

 

 

Learning Objective: The desired learning objective of this graded activity is:

  •  To learn about the importance of Strategy Formation and Implementation.

 

Learning Outcomes: After attempting this GDB,

  • Students will learn about the importance of strategy formation and strategy implementation.
  • Student’s knowledge will be enhanced about the issues of strategic management.
  • It will boost their ability to do justice with strategy formulation and its implementation.

 

 

Scenario: It has been observed in recent times that many organizations tend to spend an inordinate amount of time, money, and efforts on developing the strategic plan, treating the means, implementation and circumstances under which the plan will be implemented as an afterthought. However, on the other hand, there are organizations that do not engage in strategic planning at all or make strategic plans that are poor and ill-conceived but implement those plans immaculately.

 

Required: In the light of above facts, you being a strategic manager are required to discuss in the light of the strategic management concepts that:

 

“Is it better to focus more on strategy formulation (making the plans), or on strategy implementation (implementing the plan) for the success of the organization? 

 

Provide strong justifications for your choice backed by the concepts of Strategic Management. (Discussions with better logical and strategic arguments will be given better marks).

 

Word limit for each answer is 150 words. Copied Answers will be marked as ZERO

 

 

 

 

Student’s Guide:

  • Keep your discussion within the scope of questions and scenario.
  • Irrelevant answers and material will not be graded. 
  • Be careful from those blogs who are promoting cheating culture among students and impeding their creativity and critical thinking. Answers copied from such blogs will be straightaway marked as zero. Similarly, any relevant or irrelevant material copied from internet sources will get the same treatment. It can seriously damage the grades.

 

 

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