In strategic management, which of the following is more emphasized during implementation rather than formulation?

During the implementation phase of strategic management, the focus shifts significantly towards the actual execution of the strategies developed during the formulation phase. Allocating resources is a critical aspect of this phase because it involves distributing financial, human, and physical resources necessary to support the strategic initiatives. This ensures that the strategies outlined are backed by the appropriate means to achieve the set objectives.

In contrast, developing policies, conducting market research, and analyzing competition are more associated with the formulation phase. Formulation involves creating strategies based on insights gathered through research, analysis, and policy development. These activities lay the groundwork for determining what the strategies will be, rather than focusing on how to put them into action. Thus, the emphasis on resource allocation during implementation is crucial for translating strategic plans into actual operations and desired outcomes.