A two-day offsite retreat was held for a team of executives of a major hospital including the hospital's CEO, President, and Vice-Presidents. Over the course of the two-days, the executives engaged in brainstorming sessions and worked together to articulate the direction the hospital should take and specific objectives that should be achieved over the next 5 years. The team focused considerable attention to objectives related to the Affordable Care Act and rising numbers of patients eligible for Medicare. The executives were engaged in _______.

Question

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The executives were engaged in strategic planning, as they were articulating the direction of the hospital and setting specific objectives for the next 5 years, focusing on long-term issues such as the Affordable Care Act and Medicare eligibility.

A Two-Day Offsite Retreat Was Held for a Team of Executives