“Managing companies for success across a range of time frames — a requisite for achieving both performance and health — is one of the toughest challenges in business. Recently, it has been especially hard: turbulent economic conditions, for example, have concentrated the collective minds of many executives on pure survival.
One could argue few industries are undergoing as turbulent a time as healthcare, so a tendency toward a survival instinct is understandable. However, it will be those organizations that continue to prepare for the future that will be positioned for success when the many transformation we are undergoing reaches its end state.
Every healthcare executive should ask themselves this: In an industry that now more than ever must be long sighted, are we too short sighted?
So how can organizations improve their distance vision?
As McKinsey says, “What underlies the breakdown of many long-term initiatives is the tendency of managers to defend the performance of their own silos instead of debating and helping to shape action across the whole organization.”
Sound like any industries you know?
