Without reasonable assumptions, the strategy-formulation process could not proceed
effectively.
Effective strategy formulation can usually guarantee successful strategy
implementation.
JIT significantly increases the costs of implementing strategies.
Social responsibility refers to actions an organization takes that are legally required to
protect or enhance the well-being of living things.
Internal R&D and contract R&D are the two basic forms of R&D in organizations.
It is always easier to say you are going to do something (strategy formulation) than to
actually do it (strategy implementation).