Healthcare is a unique industry, which means healthcare strategy should be unique as well. Unfortunately, the role of strategy today is strongly influenced by three interdependent dynamics that tend to generate strategies lacking focus and innovation—and organizations that continue to operate within these dynamics risk being plagued by incrementalism and stagnation.
Our research, however, demonstrates that leaders have a strong desire to move away from the status quo and improve their strategy function.
In this article for the Governance Institute, Andy Bachrodt and Maria Finarelli define three critical factors for healthcare leaders to derive more value from their strategy-making process. Reframing strategy will require fortitude, commitment, and a willingness to change, but doing so will help to ensure your organization’s success.
This article was originally published by the Governance Institute in January 2024.
