Over the years in health care I have noticed a shift from an industrialized economy to a knowledge/information economy. This has necessitated a change in how value is determined. According to management researchers, value is now associated more with intangible assets (employees/knowledge) than traditional tangible assets (equipment/plant).

Balanced scorecard: Concept overview; DHHS; https://www.ruralcenter.org/sites/default/files/Final BSC …

 

Over the years in health care I have noticed a shift from an industrialized economy to a knowledge/information economy. This has necessitated a change in how value is determined. According to management researchers, value is now associated more with intangible assets (employees/knowledge) than traditional tangible assets (equipment/plant). Instead of focusing solely on historical financial data, new management concepts were needed to more effectively assess how well an organization was performing. Research shows us that 70% of CEO failures came not as poor strategy but poor execution of implementation of strategies.  What processes do you have implemented that will ensure successful implementation / execution/ and hard wiring of processes?

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