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Question : Case Study: DEF Healthcare Solutions

DEF Healthcare Solutions is a healthcare startup that aims to provide affordable medical services to underserved areas. The company is in the early stages of development and is looking for ways to expand its reach.

The step DEF Healthcare Solutions needs to take to identify potential challenges and opportunities in their expansion is:

Option 1: Evaluating alternatives
  

Option 2: Setting objectives and goals
 

Option 3: Identifying potential risks

 

Option 4: Allocating resources


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Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Identifying potential risks

 


Solution : The correct answer is (c) Identifying potential risks

Identifying potential risks is a crucial step, especially in the early stages of development when expanding into new areas. By conducting a thorough risk assessment, DEF Healthcare Solutions can identify challenges and uncertainties that may arise during the expansion process. This includes understanding potential obstacles, regulatory issues, competition, and other factors that may impact the success of providing affordable medical services to underserved areas. Identifying potential risks helps in better planning and allocation of resources. DEF Healthcare Solutions can allocate resources strategically to address specific challenges, ensuring efficient use of financial and human resources.

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