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Strategy formulation focuses on effectiveness

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QUESTION 1.

Strategy formulation focuses on effectiveness, whereas strategy implementation focuses on efficiency. Which is more important-effectiveness or efficiency? Give an example of each concept, and explain your answer.

QUESTION 2

Describe a conflict situation that requires you to use 1) avoidance, 2) defusion, and 3) confrontation in order to solve the problem.

QUESTION 3

Describe the relationship between annual objectives and policies.

QUESTION 4

Define and give an example of business analytics. Why is this technique becoming so widely used in organizations today?

Reference no: EM132743322

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