What is the difference between strategy formulation and strategy implementation?

Strategy Planning is how a product has to be reached to the end Consumer its from Product,Price,Place,Promotion,Sales,After Sales,Service,Advertising,Marketing etc

Strategy Implementation is to see whether the planned strategy has been Implemented to generate desired Output or Revenue.

Fine tuning is required based on Competitors move in the phase of Implementation.

Formulation is making a plan.

Implementation is doing the stuff in the plan

Strategy Formulation includes planning and decision-making involved in developing organization’s strategic goals and plans. While Strategy Implementation involves all those means related to executing the strategic plans.

Strategy Formulation is arriving to a final plan.

Strategy Implementation is execution.

Agree with Mr. Duncan's comment..