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Last updated on 2024年7月6日

Here's how you can strengthen your strategic thinking and decision-making skills as a healthcare executive.

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As a healthcare executive, your ability to think strategically and make sound decisions is crucial. In an industry where the stakes are high and the challenges are complex, honing these skills can be the difference between success and failure. Whether you're navigating through policy changes, managing hospital operations, or planning for future growth, strategic thinking and decision-making are indispensable tools in your arsenal. The following tips are designed to sharpen these skills, ensuring that you are well-equipped to lead your organization effectively.

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Daphne Yee MD, MSc, MBA

Certified Coach / Former Division Chief, Education Director, A/Professor, Associate Dean -> On a mission to help you…
Bob Sangar

Clinical Lead, Medical Doctor, Healthcare Consulting & Club Doctor at Wycombe Wanderers F.C.
Chris Cozzolino, PharmD

Co-Founder/CEO @ Uptown Creation | LinkedIn-Led Outbound | Guerilla Marketer | ENTP

1 Embrace Learning

Continuous learning is the bedrock of strategic thinking. As a healthcare executive, you must stay abreast of the latest industry trends, regulations, and technological advancements . Consider enrolling in professional development courses or attending healthcare conferences to expand your knowledge base. Engaging with peers through professional associations can also provide valuable insights and different perspectives that enhance your strategic acumen. Remember, learning is a lifelong journey that keeps your decision-making skills sharp and informed.

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Daphne Yee MD, MSc, MBA

Certified Coach / Former Division Chief, Education Director, A/Professor, Associate Dean -> On a mission to help you optimize health & achieve peak performance
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To remain relevant and to develop critical thinking and strategic decision making skills, it is vital to embrance learning - both in depth and breadth. Learn from both good and bad examples. I have often jokingly taught my medical students, that we should learn from our own mistakes, but also quietly observe and humbly learn from other people's mistakes! Moreover, read, read, read!

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Chris Cozzolino, PharmD

Co-Founder/CEO @ Uptown Creation | LinkedIn-Led Outbound | Guerilla Marketer | ENTP
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Strengthening strategic thinking and decision-making skills as a healthcare executive involves embracing continuous learning: 1) Ongoing Education: Engage in workshops, courses, and seminars to stay updated on industry trends and best practices. 2) Mentorship: Seek guidance from experienced mentors to gain diverse perspectives and insights. 3) Cross-Disciplinary Learning: Explore fields outside healthcare, such as business or technology, to broaden your strategic view. 4) Reflective Practice: Regularly reflect on decisions and outcomes to identify areas for improvement. By embracing learning, you enhance your ability to think strategically and make informed decisions.

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2 Seek Feedback

Feedback is a powerful tool for improvement. Regularly seek input from your team, peers, and even patients to gain a clearer picture of how your decisions impact the organization. Constructive criticism can help identify blind spots in your strategic planning and decision-making processes. Embrace a culture where feedback is encouraged and valued, and use it to refine your approach. This will not only improve your skills but also foster a more collaborative and transparent working environment.

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Bob Sangar

Clinical Lead, Medical Doctor, Healthcare Consulting & Club Doctor at Wycombe Wanderers F.C.
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We should never fear feedback. The analogy I like to give is getting dressed or combing your hair. You have a great idea of what to do but to make sure it’s been done properly, you need to look in a mirror or ask someone. Only with this feedback can you be sure it’s been done properly. Some feedback helps you fix the problem. Other feedback may be complimentary. Anything harsh or negative teaches us either about what we’ve done OR about the one giving feedback.

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Daphne Yee MD, MSc, MBA

Certified Coach / Former Division Chief, Education Director, A/Professor, Associate Dean -> On a mission to help you optimize health & achieve peak performance
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Honest and thoughtful feedback is very important for professional growth and development. On the other hand, beware from whom feedback is sought. Stay mindful of "feedback" that might not align with your own ethical and moral values.

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3 Analyze Data

In the healthcare sector, data is a goldmine for strategic decision-making. Develop a habit of analyzing data from various sources , such as patient outcomes, financial reports, and operational metrics . Look for patterns, trends, and anomalies that can inform your strategies. Investing time in understanding data analytics tools can significantly enhance your ability to make evidence-based decisions. By leveraging data, you can anticipate challenges and proactively develop solutions that keep your organization ahead of the curve.

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Daphne Yee MD, MSc, MBA

Certified Coach / Former Division Chief, Education Director, A/Professor, Associate Dean -> On a mission to help you optimize health & achieve peak performance
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The ability to accurately analyze, interpret, and translate incomplete and constantly changing data into practical ways are all critical for strengthing strategic thinking and decision making for a healthcare executive. Although there are many ways to attain such foundational skills and everyone learns a bit differently... here are just two suggestions for doing so: - a MBA for basic literacy in reading financial reports and understanding the business aspects of medicine - learn biostats and epidemiology to gain familiarity with clincial study design, statistical analysis, and sample size, to bring evidence based medicine to business decisions

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4 Foster Innovation

Innovation is key to staying competitive in the healthcare industry. Encourage a culture of innovation within your organization by supporting new ideas and approaches to care delivery and management. Experiment with pilot projects and be willing to take calculated risks. Not every initiative will be successful, but each will provide valuable lessons that can inform future strategies. Remember, fostering innovation is not just about adopting new technologies; it's about cultivating a mindset that embraces change and continuous improvement.

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5 Build Networks

Your network is an invaluable asset when it comes to strategic thinking and decision-making. Build strong relationships with other healthcare leaders, policymakers, and industry experts. These connections can provide you with a broader perspective on the healthcare landscape and offer support when facing difficult decisions. Networking opportunities can also lead to collaborations that benefit your organization and the community it serves. Don't underestimate the power of a well-connected professional network in enhancing your strategic capabilities.

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Daphne Yee MD, MSc, MBA

Certified Coach / Former Division Chief, Education Director, A/Professor, Associate Dean -> On a mission to help you optimize health & achieve peak performance
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One thing I've found helpful is a network that stretches beyond my immediate area of expertise, i.e. medicine. A wide network provides greater opportunties to gain different perspectives, learn new things, and collect interesting stories for speeches.

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6 Reflect Regularly

Reflection is a critical component of strategic thinking. Set aside time to reflect on past decisions, both successes and failures. Analyze what worked, what didn't, and why. This practice helps you learn from experience and improves your future decision-making processes. Reflection also allows you to assess your leadership style and its effectiveness in driving strategic initiatives. By regularly taking stock of your performance, you can identify areas for personal growth and ensure that your decision-making aligns with the long-term goals of your organization.

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Daphne Yee MD, MSc, MBA

Certified Coach / Former Division Chief, Education Director, A/Professor, Associate Dean -> On a mission to help you optimize health & achieve peak performance
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As the saying goes, learning doesn't come from simply experiencing, but from reflection of the experience. Therefore, no reflection = no learning. No learning = no meaningful growth / development.... So dust those cob webs off your journals and start reflecting with a pen.... or open a word document on your laptop...

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Here's how you can strengthen your strategic thinking and decision-making skills as a healthcare executive.

1

2

3

4

5

6

7

1 Embrace Learning

2 Seek Feedback

3 Analyze Data

4 Foster Innovation

5 Build Networks

6 Reflect Regularly

7 Here’s what else to consider

Healthcare

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Here's how you can strengthen your strategic thinking and decision-making skills as a healthcare executive.

1

2

3

4

5

6

7

1 Embrace Learning

2 Seek Feedback

3 Analyze Data

4 Foster Innovation

5 Build Networks

6 Reflect Regularly

7 Here’s what else to consider

Healthcare

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