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?
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