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.
• Do you feel that one type of strategy formulation is more effective than another for an acute care hospital? Why or why not?