Explain the differences between Vertical, Horizontal, and Diversified Expansion.

Health care organizations repeatedly use growth as a key strategy. In fact, Walston (2018) noted that growth “is an attractive prospect because it promises greater economies of scale, augmented reputation, swift entry into markets, achievement of synergies, increased market power, and higher salaries for top management.”

Walston, S. L. (2018). Chapter 4: Growth and integration strategies. In Strategic healthcare management: Planning and execution (2nd ed.). [Books24x7 version]. Retrieved from the Trident Online Library.

For your Module 2 SLP, in 2-3 pages complete the following:

Explain the differences between Vertical, Horizontal, and Diversified Expansion.

Research one large health care system.

oIdentify its core business and any diversified organizations.

oIdentify if the health care system is practicing related or unrelated diversification.

oExplain how the organization’s strategy reflects its mission and vision.

In your scholarly paper, you should include an introduction and conclusion paragraph.

SLP Assignment Expectations

1.Conduct additional research to gather sufficient information to justify/support your analysis.

2.Limit your response to a maximum of 4 pages, not including the title or reference pages.

3.Support your paper with peer-reviewed articles, with at least 3 references. Use the following link for additional information on how to recognize peer-reviewed journals:

Angelo State University Library. (n.d.).Library guides: How to recognize peer-reviewed (refereed) journals. Retrieved from https://www.angelo.edu/services/library/handouts/p…

Ginter, P. M., Duncan, W. J., & Swayne, L. E. (2018). Chapter 5: Directional strategies. In Strategic management of health care organizations (8th ed.). [Books24x7 version]. Available in the Trident Online Library via the Skillsoft database link.

Ginter, P. M., Duncan, W. J., & Swayne, L. E. (2018). Chapter 6: Identifying strategic alternatives. In Strategic management of health care organizations (8th ed.). [Books24x7 version]. Available in the Trident Online Library via the Skillsoft database link.

Walston, S. L. (2018). Chapter 3: Business models and common strategies. In Strategic healthcare management: Planning and execution (2nd ed.). [Books24x7 version]. Available in the Trident Online Library via the Skillsoft database link.

Walston, S. L. (2018). Chapter 4: Growth and integration strategies. In Strategic healthcare management: Planning and execution (2nd ed.). [Books24x7 version]. Available in the Trident Online Library via the Skillsoft database link.

OPTIONAL READING

Walston, S. L. (2018). Chapter 2: Understanding market structure and strategy. In Strategic healthcare management: Planning and execution (2nd ed.). [Books24x7 version]. Available in the Trident Online Library via the Skillsoft database link.

Walston, S. L. (2018). Chapter 5: Strategic alliances. In Strategic healthcare management: Planning and execution (2nd ed.). [Books24x7 version]. Available in the Trident Online Library via the Skillsoft database link.

Requirements:

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