What a strategy is in relationship to strategic management

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Now let's take a look at what a strategy is in relationship to strategic management. A strategy is the comprehensive plan as to how the organization will achieve their mission and vision. In Chapter 1 of Hunger, Wheelen, Hoffman, Bamford (2015) they discuss three typical types strategy a business firm usually considers: "Corporate strategy, business strategy and functional strategy" (p. 18).

Choose one of these strategies and describe the type of organization this might apply too. Can you give a health care example?

Hunger, J. D., &Wheelen, T. L., Hoffman, A. N., Bamford, C. E. (2015). Strategic Management and Business Policy (14th ed.). Upper Saddle River, NJ: Pearson Education.

Reference no: EM131260743

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