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Strategy Comparison: Healthcare

When formulating strategies, there are 5 categories of strategy formulation available to utilize: directional strategies, adaptive, market entry, competitive, and implementation strategies. To be effective, the strategies must be formulated in a specific order.

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Why is it so important to formulate strategies in this specific order?

– Provide an example of each category of strategy formulation for discussion.

– Is one type of strategy formulation more effective than another for an acute care hospital? Why or why not?

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