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Unit 4 HCM640 DB Assignment due 2.8.20 – Part 2

Unit4 HCM640 DB Assignment Due ASAP (Part 2)

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?

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