Strategy formulation and implementation

Which is more important: the formulation of a strategy or the implementation of a strategy? What are the challenges associated with your choice? Support your primary response with at least one scholarly source. Provide in-text citations and complete references for all sources used. Format your post according to APA style as outlined in the Ashford Writing Center. Respond to at least two of your classmates’ posts.

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Read the “Staying on Course with Strategic Metrics” article. As a future health care administrator, you will be required to evaluate the strategies, efficiency, efficacy, and outcomes of your department or strategic business unit (SBU). After examining the article, analyze the strategic alternatives that result from monitoring strategic metrics pertaining to your in the role of a department or SBU manager. List at least two strengths and weaknesses of basing strategic alternatives solely on strategic metrics. Support your primary response with at least one scholarly source. Provide in-text citations and complete references for all sources used. Format your post according to APA style as outlined in the Ashford Writing Center. Respond to at least two of your classmates’ posts.\

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Strategy formulation is the crafting and designing of various mechanisms and ways of executing a certain idea,adopting the best way that aims at achieving an entity’s targets, objectives and both short and long term goals. It is a key stage in strategic management process and involves evaluating the current business strategy,the present challenges and problems it might be facing and coming with a solution to them. In this stage, alternative courses of action are prepared taking all the key issues into consideration……………………………….

APA
610 words