Succession Planning
I work with young people. I mean, really young people. People under 60.
Because I’m not under 60 (don’t ask), I think of myself as something of an expert on how different generations interact in professional settings. And let me tell you, it ain’t pretty.
It is generally accepted that executive development and succession planning are critical tools in organizational development.
Less discussed, however, is what happens when the executive development process leads to a young CEO taking the helm of a complex health care system — often filled…
Early in your education, you learned the difference between cause and effect. Cause is why something happens. Effect is what happens or, better stated, the consequences.
Unfortunately, cause and effect are often confused in business, particularly when it comes to retirement benefits planning.…
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?
A decade ago, BoardSource, an organization supporting nonprofit boards, developed a well-known list of aspirational principles of governance. For us they still ring true: “mission driven,” “ethos of transparency,” “compliance with integrity.”
Penny Wheeler, M.D., was barely into her tenure as CEO of Allina Health and fresh from a transition period earlier this year with retiring CEO Kenneth Paulus when the topic turned to who might replace her.
The health care industry faces a combination of challenges that will affect every hospital and health system. External influences, such as the uncertainty and complexity surrounding the Affordable Care Act, are well-known: The dawn of a new era of regulation requires fundamental changes in service…