The speedy growth of Genesis Healthcare can be attributed to its adoption of a business strategy that promoted its considerable progress in recent years. Two of the most common strategies for businesses are the organizational and corporate strategy. The former refers to the actions taken that are intended to achieve long-term objectives, on the other hand, the corporate strategy refers to the directions that apply to the corporate operations as a whole with the intent to achieve a specific goal. An examination of the Genesis Healthcare shows that it adopted these two forms of strategy in the conduct of its operation.
One of the core competencies of Genesis Healthcare is in ensuring that it communicates well with its investors. The company has implemented its strategies well, and this can be demonstrated in its commendable financial standing and results of operation. Consequently, it made sure that its financial plans and activities are known by the investors, and this is important to provide an assurance that their investments are being used well. Further, most of its activities such as conducting and presenting investment conferences, are geared towards attaining a good investor relations.
Another of Genesis Healthcare’s sources of competitive advantage is its thousands of employees who are committed to provide quality care. The ability of the healthcare staffs to make a difference in the lives of their patients has a considerable impact in gaining confidence, not only from a wide range of clients, but also for investors who wanted to make sure that they have invested in a reputable company. It is the company’s commitment to quality that made it a success in the field of nursing care and support (Genesis, 2017).
References
Genesis Healthcare. (2017). Our Commitment to Top Quality. Retrieved from http://www.genesishcc.com/our-services/our-commitment-to-quality
