The 5 Rights of Execution
Great Plans and Strategies Must Be Well-Executed
There are many business articles and studies that chronical failed plans and projects. Some put the failure rate at 50%, others estimate rates as high as 80%. How can this be? And how does this relate to your organization succeeding in value-based care?
Plans need to start with goals in mind. For great execution, plans also need to be well-aligned with the realities of the organization.
Executing plans relies heavily on organizing the individuals and roles who need to work together. In value-based care, the “Right TEAM” includes people in multiple organizations across several clinical, operational, and financial disciplines.
Some work adds value. Other work often just takes up time and energy. For great execution, the work needs to be focused on specific activities that support the goals of reducing cost and increasing the quality of care.
What are the resources required to for execution? Data, information systems, clinical facilities and services, operational support, and financial tools are examples of the types of inputs and functions that enable execution.
Execution doesn’t happen without managing results. Accountability for work, visibility to progress, and responding and adapting to status are critical to performance.
TEAM-Win systematically builds The 5 Rights of Execution into your organization to generate exceptional performance today and establish the foundation for exceptional performance in the future.