Efficient Utilization of Healthcare Resources Assignment

I agree with you that adaptive strategy is a corporate-level decision tasked with specifying organizational scope with a focus on expansion, reduction, or maintenance of operations. However, I believe that each business should have some level of autonomy in their decision-making. That being said, most businesses should try to be as adaptive as possible when it comes to their strategic planning and operations. Efficient Utilization of Healthcare Resources Assignment

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Although your discussion was detailed, I would like to add some of the adaptive strategic alternatives for each quadrant in the expanded portfolio matrix. For the expansion quadrant, some possible adaptive strategic alternatives could be to increase market share, expand into new markets or geographies, or develop new products or services. For the reduction quadrant, some possible adaptive strategic alternatives could be to reduce costs, downsize operations, or eliminate unprofitable activities. For the maintenance quadrant, the possible adaptive strategic alternatives could be to maintain current levels of operations, invest in new technology or product development, or hire additional employees (Balakrishnan & Palathingal, 2022). I believe that these are just a few examples, as there are many more possible adaptive strategic alternatives for each quadrant in the expanded portfolio matrix. Healthcare organizations must constantly look for new opportunities to expand their services and improve patient care. Adaptive strategic alternatives can help healthcare organizations achieve these goals, such as developing new products or services, expanding into new markets or geographies, or increasing market share (Balakrishnan & Palathingal, 2022). Therefore, it is important for healthcare organizations to continually update their strategic plan and operations in order to stay ahead of the curve. I have to say that I really enjoyed reading your post as it was interesting and informative on the topic of an adaptive strategy. Efficient Utilization of Healthcare Resources Assignment

References

Balakrishnan, S., & Palathingal, S. (2022). An adaptive testing strategy for efficient utilization of healthcare resources during an epidemic. medRxiv. Efficient Utilization of Healthcare Resources Assignment