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Evaluating New Strategic Projects

Trustee Articles
Securing board approval for a major new project can be a long and tricky process when the CEO proposing it isn’t sure which criteria trustees will use, and the board is equally uncertain what the yardsticks ought to be. At Adirondack Medical Center in Saranac Lake, N.Y., President and CEO Chandler Ralph asked her board to write down and agree on project evaluation criteria. In a two-hour workshop, trustees came up with 14 points that they now apply to every decision about whether to implement a new program.

Developing a Strategic Board

Trustee Articles
With CEO support and opportunities for education, trustees can become better hospital leaders

Strategy and Stakeholder Relations: Risk or Reward?

Trustee Articles
Mapping the values and concerns of stakeholders against company strategy is one way to show where stakeholder concerns are aligned with current strategy and to create awareness of where risk or reward exist.

Is Strategic Planning Getting Adequate Attention in Hospital Boards?

Trustee Articles
As strategic planning becomes a more intense focus for hospital boards, lessons from publicly traded companies may be instructive.