Question

Strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more important—effectiveness or efficiency? Give an example of each concept, and explain your answer. Your response should be at least 200 words in length.

Answer 1

Strategy formulation focuses on effectiveness where strategy implementation focuses on efficiency which is more important effectiveness or efficiency.
This concept is very interesting and very effective from the business development point of view and the settlement of organisational structural development.
First, it is necessary to understand the concept of effectiveness and efficiency.
Effectiveness means labour is effective when he is able to complete the work on time and complete the set target.
Efficiency means labour is efficient means he had the capabilities of doing any type of work available in the organisation on the basis of his appointment.
Strategy formulation focuses on effectiveness because all type of Strategies for belated is on the basis of the completion of the set target in the organisation and this is only reason all the top-level management personnel are focused on the strategy formulation by implementing all the possible business research and the applicability of MRS models in their formulation and the settlement.
Strategy implementation means when everything is ready it is just a matter of implementing the things and to recognise the possible efficiency in the workforce and in the labour force to enhance the organisational activities up to a mark where the business and operational activities will perform at an optimum level.