Depending on the research cited, 60 to 90 percent of businesses fail to execute their strategies. This is often due to the executive team’s lack of discipline. A Strategy Realization Office (SRO) can help an organization maintain focus and accomplish its most important goals.
HFM, the monthly magazine of the Healthcare Financial Management Association, published a feature article by Integrated Project Management Company, Inc. Founder, President, and CEO C. Richard Panico about the benefits and role of SROs. This governance group reports to the executive team and executes the organization’s strategy. The SRO ensures initiatives from both the executives and functional departments have strong business cases, align and contribute to strategic goals, and are properly prioritized.
The article includes a case study of how establishing an SRO at a regional hospital system helped the organization focus on the strategic initiatives most likely to enable its goals of transformation. Read the article on the HFMA website or download the PDF.
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