Final answer:
Strategy implementation occurs when a firm adopts organizational policies consistent with its strategy, deploying resources and changing structures to execute the planned strategies. It is distinct from strategy formulation, strategic choice, and strategic control, which concern planning, selecting, and evaluating strategies respectively.
Step-by-step explanation:
Strategy implementation occurs when a firm adopts organizational policies and practices that are consistent with its strategy. This involves the use of resources, procedures, and changes in the company's structure and culture to follow the plan set by the strategies. It is important in ensuring that the strategies crafted during the planning stages are effectively put into action to achieve the organization's goals.
When contrasting strategy implementation with other options: Strategy formulation is the process of creating strategies, Strategic choice involves selecting the best strategy, and Strategic control is about monitoring and evaluating the strategy's performance.