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.
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?


Sample Solution