A recent report from the Harvard Institute of Coaching states that a coaching culture emerge when leaders, managers, and staff engage and develop their people in ways that create increased individual, team and organizational performance. TLD Group Coach, Loren Margolis, offers the following advice to organizations looking to move toward a coaching culture.
The beginning of a new year is often a time of great organizational ambition and optimism. After months of year-end planning, new strategies and budgets are in place and teams are ready to hit the ground running on a new set of goals and objectives. Despite this optimism, research shows that most of these strategic goals and objectives will never come to fruition. In fact, the statistics range from a dismal 3% to 33% of companies whose executives say they are successful at executing their strategies. With those odds, many wonder if all the planning is worth the effort.
A Time for Reflection
The holidays are the time of year when loved ones gather together to celebrate festivities, give gifts, and create lasting memories. It’s also a great time to reflect on what you’ve accomplished over the year and think about who you want to be in the new year.
Are Today’s Leaders Equipped to Change Culture?
“Culture Eats Strategy for Breakfast” as Peter Drucker so famously said, sums up the profound impact culture can have on overall organizational performance. At TLD Group, our vast experience working with health ecosystem leaders tells us that changing culture to align with shifting organizational strategy is one of the most difficult challenges a leader can face. When detailed, thoughtful plans for strategy and execution fail to achieve desired outcomes, it’s common to look toward the processes applied or relevant external environmental factors rather than looking internally to evaluate whether leadership had the skills to mold the organization’s culture to one that can execute strategy.
The Power of Gratitude
During this season of giving thanks, we dedicate this month’s themed article to Bernard J Tyson, CEO Kaiser Permanente, who brought a new perspective to healthcare - one that supports a holistic approach to human wellness. His sudden passing was a shock to the industry and especially those who had the good fortune of working with him. Our Advisory Board Chair, Bob Sachs, sums up Bernard’s impact below:
Competition, finance reform and the ever-changing demands of the marketplace have put increased pressure on hospital boards to contemplate an important question: What kind of CEO will be most successful in navigating these turbulent times?
Common Challenges for Newly Hired Executives
- 60% of global executives report it takes, on average, 6 months to reach full impact in their roles, 20% said it took more than 9 months (Harvard Business Review)
Collaboration
To meet the audacious goal of enhancing community health and wellness, organizations both within and outside of the healthcare sector are engaging in collaborative partnerships. These partnerships are designed to create “conditions to achieve value-based care that is safe, timely, effective, efficient, equitable and population-focused.” In fact, from 2007 to 2015, provider-provider partnerships nearly doubled among hospitals and health systems. And, in the past decade, the percentage of nontraditional partnerships, such as CVS Health and Aetna; UnitedHealth and DaVita, and Haven (the joint venture between Amazon, J.P. Morgan and Berkshire Hathaway) increased from 7% to 16%. In addition, today, 84% of Fortune 50 companies have some investment in the health industry, according to a study conducted by PWCi.
Leading Authentically
Being authentic can not only improve the quality of your interpersonal relationships but also your performance as a leader. Someone who is authentic is open and honest, transparent in one’s intentions and expectations, and practices his/her values consistently. Authentic leaders are genuine and true, and have a vision of success that is wholesome and optimistic. They also understand the importance of leading through demonstration and collaboration, rather than barking orders and demanding results. Truly authentic leaders translate words into actions – they stick to their convictions and set forth an operational plan to achieve better business results.
The Current Situation
The under representation of diverse leaders in senior leadership and clinical/research roles within the health industry is a hot topic as the industry responds to the implications of diversity and inclusion initiatives falling short of reaching their intended outcome for senior roles.
