Discussion
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.
• Why is it so important to formulate strategies in this specific order?
• Provide an example of each category of strategy formulation for discussion.
• Based on your perspective, is one type of strategy formulation more effective than another for an acute care hospital? Why or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.