Harvard Business Review indicates that 85% of executive leadership teams spend less than one hour per month discussing strategy and 50% spend no time at all. Healthcare executives were particularly challenged in 2020 when the COVID crisis derailed their strategic plans altogether. Upside, the massive disruption has allowed many organizations to reevaluate and start with a clean [strategic] plate.
Knowledge Capital Group [KCG] has developed a framework that helps manage multiple stakeholders with often-competing strategies – ultimately delivering a strategic plan and supportive initiatives that drive results. We leveraged this framework with a multi-hospital, 300-bed system located in coastal SC, and their COO had the following to say: