Basic Strategy Concepts - Jones & Bartlett Learning

Basic StrategyConceptsLearning ObjectivesAfter reading and studying this chapter, you should be able to: Explain the difference between the strategic initiatives and operatingactivities of a health care organization. List the numerous benefits that an organization receives from thepractice of strategic planning and management. Understand the different types of competition that make strategicplanning necessary. Distinguish the several different organizational levels at whichstrategic planning and management can take place. Recognize the ability of a person to engage in strategic thinking.

• A strategy builds on and exploits to the fullest extent the organiza-tion’s resources and abilities. • A strategy aims to create the best possible fit between the organiza-

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