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.
The group will then prepare a PowerPoint presentation that presents the group’s thoughts on the best ways to formulate and evaluate strategies.
In your presentation, provide examples from your research on actual strategic plans from U.S. long-term care facilities and how the facilities formulated and evaluated strategies.
Be sure to conclude your presentation with your group’s recommendations for what your long-term care facility should use to formulate and evaluate possible strategies.
Be sure to include citations and references in your answer.
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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