Which statement best contrasts the primary process of strategy formulation with that of strategy implementation?
Explanation
Strategy formulation involves the intellectual exercise of positioning forces before action, while strategy implementation is the operational process of managing forces during the action. This distinction highlights the shift from planning to doing.
Other questions
What is considered a primary mechanism for evaluating managers and a major instrument for monitoring progress toward achieving long-term objectives?
What are the specific guidelines, rules, and procedures established to support efforts to achieve stated goals, which serve as instruments for strategy implementation?
What are the four types of resources that all organizations have and must allocate to achieve desired objectives?
What are the three categories used to classify various approaches for managing and resolving conflict within an organization?
According to Alfred Chandler's research, what is the most likely outcome when a company formulates a new strategy but its organizational performance subsequently declines?
Which of the following is considered a primary disadvantage of a functional organizational structure?
What is the primary reason that a company like Walt Disney would implement a restructuring strategy that involves merging its ABC television network with its ABC Studios production unit?
In what is described as a major shift in the competitive climate for attracting the best high school graduates, Ivy League schools in the Northeast are now recruiting more heavily in which two regions of the United States?
What is the primary benefit sought from restructuring, which is also known as downsizing, rightsizing, or delayering?
What percentage of larger U.S. companies implemented furloughs during the global economic recession as an alternative to laying off employees?
What is the term for the invisible barrier in many firms that bars women and minorities from top-level management positions?
According to research by Judy Rosener at the University of California, Irvine, why do companies with a mix of male and female executives tend to outperform competitors that rely on a single sex?
Which company introduced a $600 surcharge in 2008 for all its employees who smoke, as part of its corporate wellness program?
What type of organizational structure is considered the most complex because it depends on both vertical and horizontal flows of authority and communication?
What is the primary difference in focus between strategy formulation and strategy implementation?
Which of the following represents a symptom of an ineffective organizational structure as listed in the textbook?
In a divisional structure, which of these is considered a primary advantage?
Which company recently restructured by merging its television network with its studio production unit to cope with declining advertising and shrinking viewership?
What is the primary concern or focus of reengineering, also known as process management or process redesign?