How long would it take to implement such a strategy

Reference no: EM133611708 , Length: 1 Pages

Assignment:

In roughly 1 page, answer the following prompt: Miospitals rarely promote themselves for having the lowest prices in their market areas. They tend to emphasize quality and count on the lack of public transparency about prices to avoid direct comparisons with competitors.

1. What changes would a hospital have to make in order to pursue a low-cost leadership strategy? Think about changes in operations, organizational design, culture, staff hiring and training, incentive systems, quality control, leadership, technologies, and value chain structure that might be useful. Pay attention to the financial implications of such a strategic shift.

2. How long would it take to implement such a strategy?

3. What resources would there be if a strategy seemed to be failing? This would be a bold, high-risk strategy. Under what circumstances could it succeed?

Reference no: EM133611708

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