Healthcare organizations today find themselves in a changing, sometimes turbulent environment where rapid response and swift execution of strategy can be critical to success. This becomes all the more difficult if there is no way to track and measure success or failure, perhaps until it’s too late.

Organizations in general rarely implement and execute strategy well

• Only 10% of strategies that are effectively created are effectively implemented.
• 85% of executive teams spend LESS than one hour per month discussing strategy.
• 60% of organizations do not link budgets to strategy and 70% do not link middle management incentives to strategy.
• 95% of the typical workforce does not understand the strategy.

So, let’s recap…

• We don’t talk about strategy at the executive and board level.
• We don’t measure strategy.
• We don’t tie money to strategy.
• We don’t tell employees what our strategies are.
• We expect employees to implement strategy at the front line.

What can your organization do to improve the odds since it needs to skate on thin ice 24/7?

    Learn about and implement the Balanced Score Card – it’s not just a dashboard any more!

    Learn about and implement Strategy Maps a powerful communication device.

    Utilize the incredible brain power within your organization.

Contact Ken Bast at Management Consulting in Healthcare to discuss your needs. E-mail for a free PowerPoint presentation on the Balanced Scorecard.