Ask any number of healthcare leaders about the role of strategy or the process of strategic planning in their organization and you’re likely to get a wide range of answers.
Editor's Note: This article originally appeared on ECG's website.
Indeed, as observed over our decades of experience and in our conversations with health system executives, we find exactly that.
- Some depict a textbook, linear approach of assessing strategic opportunities and vulnerabilities, linking goals and strategies to mission and vision, and creating tactics and resource requirements necessary to execute over a prescribed timeline—typically three to five years.
- Others are less structured yet set in place a vision or strategy statement, design initiatives as guardrails, and are more focused on an analytics-based planning process to set priorities and drive annual budgets.
- A few note that the organization’s strategy resides in the CEO’s head, played out in regular interactions with leaders and the board.
- Still others, some with clear conviction and others somewhat blankly, state they do not engage in the formal process of strategy making, having abandoned it or perhaps never done it, as it doesn’t fit with the nature of healthcare, or perhaps their experiences haven’t been positive since the resulting plans “just sat on a shelf.” Organizations in this last group may still engage in strategy—they just don’t formally call it that or write it down.
The truth is that responses from leaders in other industries would likely follow a similar pattern.
Some academics and purveyors of strategy might muse at the diverse perspectives on the role and process of strategy. Think of Beatrice, the sweet elderly woman from the Allstate Esurance television commercial who, clearly not grasping Facebook, was literally posting photos to her living room wall, and her confused friend who just can’t stand it anymore, stating “That’s not how it works. That’s not how any of this works!” They’d be both right and wrong. Click here to continue>>
News From Our Partners