Kindly please answer in 250 words, scholarly sources from AIU library …No Wikipedia, yahoo answer,...

Question

Kindly please answer in 250 words, scholarly sources from AIU library …No Wikipedia, yahoo answer, encyclopedia or similar web site under any circumstances (Sources of information must be cited and reference according only to AIU APA and small in similarity.

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, isone type of strategy formulation more effective than another for an acute care hospital? Why or why not?

Sumita Mitra · Accepted Answer

2
Strategy formulation:
A strategy is well thought over plan that is being made as a roadmap for achieving the objectives and the goals of the organisation. This process needs to be formulated in a specific order so that the outcome is maximised and the efforts that is put in for the same gives proper dividends as per the product life cycle and the market scenario. Strategies are important as it helps in planning, understanding the strengths and weakness of the organisation, proper allocation of resources and also know about the competition and the environment scanning.
Each category is discussed as follows with examples:
The directional strategy is a plan which is used by a growing concern who wants to achieve its goals by considering opportunities for growth and increased profit margin. (Vogt, 2014). The perfect example is the launch of iPhone by Apple,

Kindly please answer in 250 words, scholarly sources from AIU library …No Wikipedia, yahoo answer, encyclopedia or similar web site under any circumstances (Sources of information must be cited and...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment