|Starting Date||Thursday, June 02, 2022|
|Closing Date||Wednesday, June 08, 2022|
|Question Title||Strategy Formulation Vs Implementation|
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:
Learning Outcomes: After attempting this GDB,
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.
“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