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What is Strategy?
Where we want to go, where we play, how we win...
Setting goals and actions...
How we create and capture economic value over timez...
Creating solutions to unforeseen problems...
Running with unexpected opportunities~~~
Do we “execute” or “implement” a strategy?
Can you separate these from strategy formation?~~~
Blurred lines can result in sloppy thinking, deciding, and doing at all levels of an organization!
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What should your staff understand about Strategy?
What capabilities should we have to distinguish our business?
What should our comparative advantage be in adding value to our patients and business?
What areas of care should we be in?
Who should be the patients that define our target market?
What should be the value proposition that differentiates our services?
What capabilities should we have to make our business better than any other in delivering our value proposition?
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What is Implementation?
Decisions and activities required to turn the strategic choices into reality...
Once something is “implemented” the work is not finished...
A strategy can never be fully implemented because everything you assumed when formulating it = is in a constant state of flux...
Have to constantly evolve our strategies to remain relevant...
There will always be a “gap” between where companies are and what their strategies call for...........
Closing the gap is implementation; therefore, strategy and implementation will always be parallel