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There are several differences between strategy formulation and strategy implementation. During the formation stage a situation analysis is done and short and long term goals are set. For example, a firm may do the SWOT analysis, PEST analysis, and Porter's Five Forces Analysis. It is during the formation phase that implementation plans are developed. During strategy implementation there is organizing, resourcing, and employing change management procedures. During the strategy ...
The response provides you a structured explanation of how a strategy is formed and how a strategy is implemented . It also gives you the relevant references.