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Every product or service goes through the stages of introduction, growth, maturity, and decline. Healthcare strategic management and planning is tied to the product life cycle because of the rapid pace of change in technology and medical knowledge. We can track a healthcare product through each stage by evaluating volume, reimbursement, and health outcome. In this assignment, we will focus on how the product life cycle affects strategy development.
Upon successful completion of this discussion, you will be able to:
-Describe the product life cycle.
-Show the understanding of how the product life cycle affects and integrates with a strategic plan.
-Describe how the product life cycle is useful in developing an adaptive strategy in a health care organization.
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How are they similar or different? Provide a personal example of how you have utilized or you would utilize each strategy.
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Assignment - Strategy Plan - Identify the different customer segments to whom the product/process will be valuable
The Product Director and the Executive most likely disagree about which of the following? questions?
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