Assignment:
Question 1. "Strategy Development" Answer the following:
- 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.
Question 2. "Strategic Alternatives" Answer the following:
- 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.