Formulating or Implementing a Strategy- What's more important?

Implementing Strategy

Discuss which is more important - the formulation of a strategy or the implementation of a strategy. What are the tribulations associated with your choice? 

Monitoring Strategy

Read the required reading this week titled, “Staying on Course with Strategic Metrics.” As a future health care administrator, you will be required to evaluate the strategies, efficiency and efficacy, outcomes, etc. of your department or SBU.  After examining the article, analysis how monitoring strategy through strategic metrics would pertain to you in the role of a department or SBU manager.