Question

Give an example of a time when an organization had good strategy formulation but poor implementation and this resulted in failure.

Answer 1

Strategy implementation is a key element of almost every business. After strategy formulation, the implementation of that strategy comes into play. Basically, the execution stage plots how an organization intends to accomplish its objectives. Business hypotheses and systems help manage vital plan, usage, and execution. Strategy implementation is so troublesome in light of the fact that it is a lot simpler to draw up a rundown of thoughts that ought to theoretically work than it is to make those thoughts a reality. Since formulation of strategy and execution are entwined, it might hard to tell which stage is the reason for key disappointment.

Example

In the late 1990s, Apple was near leaving business. They had numerous items that didn't sell. When Steve Jobs returned, he actualized a methodology that decreased the quantity of items, and attempted to grow new ones. This methodology in the long run prompted the development of the iPod. The iPod was not the first MP3 player, yet it was the first to get on as a result of its convenience and capacity limit. This, basically, was a use of the Blue Ocean hypothesis: Apple found a market portion that wasn't exceptionally serious, and made an item that was better than what was accessible. For quite a while, Apple was the prevailing player in that market fragment.