There is so much buzz surrounding healthcare today. And rightly so. Healthcare is on a growth path.
All eyes are focused on the healthcare success stories. For gaining valuable learnings and for valuation gains !!
Lost somewhere in the melee are stories of slips that can give equally significant insights.
Without disclosing the identity, here is one such case …..
A new unit, started slow and steady with one healthcare speciality and progressed well. Led by an enthusiastic entrepreneur, full of passion and ambition, ready to take risks. All the correct ingredients it seems.
The enthusiasm led to related diversification into other healthcare verticals.
Two years into this mode, growth started slowing down and profits started getting eroded.
Good brand equity, doctors, patient satisfaction, advertising spends, infrastructure ….. nothing seemed to be wrong.
Root cause analysis brought up a peculiar core issue, generally very difficult to accept by any business leader ….. that the leader lacked the ability to handle multiple business operations.
Adaptive Thinking, Empowerment with Accountability, Execution Excellence, Networking and Executive Maturity were the development areas that the leader could have sought help in and built on, to Realise Business, Professional and Personal Potential.
More cases …..
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