Tenet Healthcare: Corporate Innovation
Innovation is an integral part of any successful business entity. Innovation involves building a creativity culture, developing new business models, installing new technologies, and most importantly, innovative leaders (Davila, Epstein, & Shelton, 2013). The new, unstable and highly competitive healthcare environment requires innovative leadership to become successful in the effective execution of innovative practices.
Davila, Epstein, & Shelton, (2013) describe the Seven Rules of Innovation: utilizing strong leadership on the organization’s innovation strategy, integration of innovation, matching innovation to organizational strategy, aligning good management systems in tension between creativity and value, neutralization of organizational resistance, recognizing the innovative process which involves people and knowledge both internal as well as external, and producing a proper metrics and rewards system.
Tenet Healthcare has guided all its employees in establishing the seven rules guiding innovative practices. Its vision for sustainability in innovation is evidenced by committing itself to innovation as part of their strategic business plan.
Tenet Healthcare: Corporate Innovation
Tenet healthcare was founded in 1967 by three lawyers and headquartered in California (tenethealthcare.com). Described in the next paragraph, organizational innovative behaviors did not initiate with its inception. In identifying opportunities for innovation, some organizations turn their focus on product leadership, operation excellence and customer satisfaction (On Innovation, 2013). Tenet has accomplished innovative behaviors in all three areas.
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Healthcare organizations are faced by both external and internal challenges and need a leader who can direct them to the right path. The senior executives and CEO
Innovation has rapidly assumed a position of prominence in world competition on a global scale. To compete in this environment, organizations need a level of innovation. As competition becomes more global and time-based, organizations must develop and deliver new and superior products or services in less time. The challenge for modern organizations is to revitalize them so they can successfully and continuously develop newer products and enhance business development.
Integrated systems have a huge interest in developing and aiding ideas that provides care at a lesser expense. Therefore, they are usually the first ones to implement innovations that will ultimately change the overall health care system. Kaiser Permanente, Geisinger Health System, and HealthPartners are the nation’s highest leading performers when it pertains to quality and expense. Effective and successful unsettling innovations within the health care system will give further care at a lesser expense than we can even envision. “Many of today’s great, integrated systems were once disruptive innovators but they now provide more for less only by present standards.” Sequentially, their most recent organizational models and expense structures
In order for an organization to maintain and grow in the face of the inevitable changes that occur in the health care industry, there must be a solid structure that holds and
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Rapid changes in the health care industry should be a top concern for health care administrators. According to John McDonough (2015), “We’re in the midst of the most exciting, dynamic, and scary time for American health care that we have ever experienced. So much change is going on every day on so many levels, making it increasingly important that people in key health care leadership positions find new ways to stay relevant within the ever-evolving landscape” (p. 1). As stressed by John McDonough, health leaders should intensely focus on organizational changes occurring now in today’s health care industry. The nation’s health care environment has been drastically changing, creating a difficult and demanding environment for health care administrators.
The health industry is a very dynamic environment where healthcare organizations are confronted with many challenges. As change is inevitable in this contemporary healthcare system, so must problem-solving process be obligatory in order to survive and be successful. According to Ginter, Duncan and Swayne (2013), any organization that resist change will find itself out of touch with the needs of the prevailing market. This may require healthcare leaders to be proactive and constantly evaluate processes needed to identify all factors influencing the success of the organizations. In fact, the nature of modern healthcare system makes it critical for leaders to anticipate changes in these factors and how the changes will impact the organization
Innovation is defined as generation of new ideas or application of new ideas to existing situations to improve productivity, quality of care, and outcomes. Some of the principles of innovation are creative problem-solving; open, assertive communication to empower
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Classic management and systems theory (Taylor, 1917; Weber, 1947; Senge, 1990) have been used respectively in describing organizational behaviour. They assume a similar perspective in responding to turbulence and change that is often seen in healthcare organizations of today (Ford, 2008). Theories such as classical organizational theory developed by Frederick Taylor in 1917 (Taylor, 1917) to more contemporary theories such as Peter Senge’s systems theory in 1990 (Senge 1990), have examined perspectives regarding change and innovation in organizations. The readiness of organizations and individual practitioners to enter into interprofessional collaborative care teams is an example of organizational change that can help shape innovative health
Blair’s research found out that during the past thirty years, the health care industry has been in the throes of new and different change because of the environmental threat to health care organizations trying to maintain balance. On the other hand, when such change occurs it creates room for opportunities for the novelty and creation of new ideas and organization. Accordingly, the entrepreneurial process is the method of putting forth a creative process of destroying a long-established market by the introduction of modern and new novelty, into a new market, thereby making use of new materials or equipment since entrepreneurial activity is an efficient strategic response to environmental instability (Blair p.168).
Innovation may be defined as exploiting new ideas leading to the creation of a new product, process or service. It is not just the invention of a new idea that is important, but it is actually
The community, providers and health organizations work together with entrepreneurs to change health care delivery and improve quality care and outcomes regardless of existing constraints brought about through policy, regulation, innovation, and increasing technological demand. Quality in healthcare is the continuing effort to reach and maintain necessary goals and requirements in order to meet standards of care provided by the healthcare facility. Quality in health care leads to accreditation, performance improvement, and high quality evaluation reports that greatly benefit the healthcare institution as a whole. The entrepreneurship process has influenced the delivery of health care services and products. (Feigenbaum,
One of the most integral qualities of an entrepreneur as well as that of a successful business is the degree of innovation it possesses. Innovation refers to the creation of new ideas, improvement of existing production processes, and effective problem solving. Innovation allows for increased efficiency in a business, which in turn increases its supply potential and productive capacity. Being innovative may involve either improving upon old methods o...