Individual Portion: 3-4 pages
Select the long-term care facility of your choice from any currently operational U.S. long-term care facility, and research the strategic plan it has in place.
Group Portion: 5 slides with speaker notes
Once the individual group members have completed their individual portions, the group will meet to discuss their findings. The group will then meet to discuss what they learned about the mechanisms used for strategy formulation in their U.S. long-term care facilities.
Discussion Board 3- 4 paragraphs
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?
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