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Strategic Management - Art or Science

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Compare strategy formulation with strategy implementation in terms of each being an art or a science.

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The expert compares strategy formulation with strategy implementation in terms of being an art or a science.

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The response addresses the queries posted in 389 words with references.

// Strategic management is a process of taking managerial actions and decisions, which determines the future course of a firm. Strategy Formulation and Strategy Implementation both can, said to be, an important ingredient of the strategic management. In this paper, we will bring out the difference between the two in terms of whether; each is an Art or Science. //

Strategy Formulation versus Strategy Implementation

Strategy formulation is defined as the development of long term plans for managing the environmental opportunities and threats, in perspective of the ...

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Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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