Assignment: Strategy Formulation
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.
Answer the following:
1) Why is it so important to formulate strategies in this specific order?
2) Provide an example of each category of strategy formulation for discussion.
3) Based on your perspective, is one type of strategy formulation more effective than another for an acute care hospital? Why or why not?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.