How formulation and implementation strategy are interdependent?

Formulation and implementation of strategy are interdependent because a well-crafted strategy must align with practical execution capabilities. Effective formulation involves assessing resources, market conditions, and organizational strengths to create a viable plan, while implementation requires translating this plan into actionable steps. If the formulated strategy is unrealistic or not aligned with the organization’s capabilities, it will fail during implementation. Conversely, successful implementation can provide feedback that informs future strategy formulation, creating a continuous cycle of improvement.