Formulation and Implementation Issues

Formulation issues include:

• Lack of understanding of requirements. This issue can be fixed by improvement in communication and documentation.
• Goals are not specific or attainable. It is important to set SMART goals which mean that the goals are specific, measurable, attainable, relevant and time-bound.
• Underestimated threats, or missed opportunities will impact the strategy in the long run.
• Strategy is not comprehensive enough.
• Strategy works in theory but does not fit timing or resources constraints due to lack of understanding of constraints.

            Implementation issues include:

• Changes in environment and resources that the company cannot control affect the strategy implementation. Strategy needs to be modified to fit new circumstances.
• Unexpected implementation costs in different regional center of the company. The strategy can be slightly modified to adapt to different needs and circumstances of different regions.
• Strategy becomes outdated and the implementation becomes expensive than other alternatives.
• New problems appear in implementation due to poor executive of strategy or waste of resources.