Discuss the following:
Strategy Development
• Differentiate between each of the following strategies: directional, adaptive, market entry, competitive. Provide one example of each to support your response.
• Provide one example of a specific value-added service, and demonstrate the fundamental manner in which the service in question would correspond to market entry or competitive strategy.
Strategic Alternatives
• Analyze the concept of a cost leadership strategy. Determine two specific challenges of using a cost leadership strategy successfully in healthcare. Suggest two actions that management could take in order to mitigate these challenges.
• Distinguish between vertical and horizontal integration. Provide one example of the successful implementation of each within a healthcare organization.