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Strategy Formulation vs. Implementation

The document provides answers to four questions about strategy formulation, implementation, levels of strategy, corporate strategy dimensions, and geographic diversification. It defines strategy formulation as planning strategies and implementation as performing plans. It lists the three levels of strategy as cost leadership, differentiation, and integrated cost leadership and differentiation. It states that outsourcing, offshoring, and international strategy belong to international strategy level. The three dimensions of corporate strategy are defined as vertical scope, horizontal scope, and geographic scope.

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John Phil Pecadizo
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82 views2 pages

Strategy Formulation vs. Implementation

The document provides answers to four questions about strategy formulation, implementation, levels of strategy, corporate strategy dimensions, and geographic diversification. It defines strategy formulation as planning strategies and implementation as performing plans. It lists the three levels of strategy as cost leadership, differentiation, and integrated cost leadership and differentiation. It states that outsourcing, offshoring, and international strategy belong to international strategy level. The three dimensions of corporate strategy are defined as vertical scope, horizontal scope, and geographic scope.

Uploaded by

John Phil Pecadizo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

ASSIGNMENT

For 10 points each, answer the following:

1) What is the difference between strategy formulation and strategy implementation?


What are the different levels of strategy?
- The difference between strategy formulation and the strategy implementation is
that, strategy formulation it talks about the process or deciding on what we will do
or what strategy we will use or we will do. Strategy formulations simply talks
about the planning or brainstorming the strategies that the organization will use.
While the strategy implementation talks about performing all the formulations into
action based on what has been planned beforehand. This strategy formulation
and strategy implementation will never be separated, without this two it is
impossible to make strategy or strategies successfully. The three different levels
of strategy are cost leadership, it means that businesses are trying to make their
products or services at a lower cost as possible but the quality of the products is
present. Businesses do this cost-leadership strategy in order to compete to all of
its competitors and by doing this it will result to gain more profit and gain more
customers or consumers. Differentiation, it means that companies or businesses
makes their products unique by improving the features of their products their
ingredients and many more. Integrated cost leadership and differentiation, it is
the combination or mix of the two levels of strategy which is the cost-leadership
and differentiation. Companies or businesses prefer to use this integrated cost
leadership and differentiation because the combination of this two strategy
performs better than if it will be separated with each other.

2) To what level of strategy do outsourcing, offshoring, and international strategy


belong? On what two dimensions are all business strategies based?
- Outsourcing, offshoring and international strategy are belongs to the international
strategy.
3) What are the three dimensions of corporate strategy and how are they different?
- The three dimensions of corporate strategy is the vertical scope, horizontal scope
and geographic scope. The difference of this three is that, when we say vertical
scope it focuses on the activities of the business like gathering the raw materials
in making a certain product, output or finished product until the sales of the
finished products of the business in order to make a product and sustaining the
needs of their customers. While the horizontal scope focuses or pertains to the
number of similar business or business activities that the business would have. In
short, horizontal scope talks about the competition of all similar businesses or
similar activities. And lastly the geographic scope, means that business are
entering new markets internationally or in other parts of the world. In short,
geographic scope focuses on the new geographic location of a certain business.

4) What are the three ways in which geographic diversification can positively affect
financial performance? When should a firm choose the global strategy rather than a
multidomestic strategy?
-

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