Discuss the below in detail:
Q1: 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.
Q2: Describe a conflict situation that requires you to use
1) avoidance,
2) defusion, and
3) confrontation in order to solve the problem.
Q3: Describe the relationship between annual objectives and policies.
Q4: Define and give an example of business analytics. Why is this technique becoming so widely used in organizations today?