Strategy is defined as a plan of action designed to achieve a particular goal. Because resources are finite, businesses and organizations must continue to develop and execute a well-thought-out strategy in order to succeed.
According to the American Management Association, top elements of strategy execution include:
- Understanding the strategy.
- Measuring the strategy.
- Reviewing and communicating progress to stakeholders.
- Making decisions at the right time.
- Identifying and aligning projects to a strategy or goal.
- Managing projects effectively.
Let me add another key factor, solid execution on strategy relies on being well informed throughout the process. All of the articles in this issue involve some facet of strategy execution for senior living, housing and health care providers. Our hope is that you’ll be able to use this information to help you execute your strategies for successful outcomes.
Be sure to reach out to the authors or your local bankers if you have any questions.
Tom Green, CEO
The Capital Issue: August - September 2014
Unlike the Neil Sadaka classic ‘50s do-wop ditty, breaking up could be just the thing for a hospital’s or senior living provider’s obligated group.
It’s widely recognized that the hospital landscape has profoundly changed in the last 10 years due to extensive hospital consolidations. The rise in local hospital systems and the drop in independent community hospitals through mergers and acquisitions have dramatically shifted the makeup of the hospital sector.
What changes does the recently published Section 232 Handbook from the U.S. Department of Housing and Urban Affairs (HUD) have in store in regards to master leases and what do they mean for borrowers?
Like everything in life, we want choices. Affordable housing developers are no different—particularly, when it comes to finding a permanent financing solution to pair with low-income housing tax credits (LIHTCs).
Too often fiduciaries focus on trendy investment strategies while overlooking traditional approaches. But what are they missing?
The Fiduciary Focus