Business Policy and Strategy

1. Describe a conflict situation that requires you to use 1) avoidance, 2) defusion, and 3) confrontation in order to solve the problem. Your response should be at least 200 words in length.

2. Define and give an example of business analytics. Why is this technique becoming so widely used in organizations today? Your response should be at least 200 words in length.

3. 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. Your response should be at least 200 words in length.

4. Describe the relationship between annual objectives and policies. Your response should be at least 200 words in length.