You are the administrator of a 100-year-old renowned 500 bedded tertiary care hospital.Recently a new corporate multispeciality hospital with tie up to an international health chain has opened up in the same vicinity and is now an option for patients who were thus fgar coming only to your hospital.Staff of your core functions are leaving the hospital for better remunerations and percieved corporate culture glitz being offered by the new entrant.Explain in detail from strtegic perspective the steps you would take to address the attrition and for sustaining your hospital amidst competion.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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You are the administrator of a 100-year-old renowned 500 bedded tertiary care hospital.Recently a new corporate multispeciality hospital with tie up to an international health chain has opened up in the same vicinity and is now an option for patients who were thus fgar coming only to your hospital.Staff of your core functions are leaving the hospital for better remunerations and percieved corporate culture glitz being offered by the new entrant.Explain in detail from strtegic perspective the steps you would take to address the attrition and for sustaining your hospital amidst competion.

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