The chapter says strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more

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The chapter says strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more important, effectiveness, or efficiency? Give an example of each concept.

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Strategic Management A Competitive Advantage Approach Concepts

ISBN: 978-0133444797

15th edition

Authors: Fred R. David, Forest R. David

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Question Posted: Sep 20, 2015 09:03 AM

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The chapter says strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more

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Certainly both are important for successful strategic planning Effectiveness is associated mo...View the full answer

Strategic Management A Competitive Advantage Approach Concepts

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