8/23/22, 10:33 AM
Why Healthcare Needs Business Leaders | Steve Ferrara | Healthcare
a Why Healthcare Needs Business Leaders by steveferrara | Aug 23, 2022 | Healthcare, Steve Ferrara
Unlike ordinary businesses, healthcare organizations do not work on the law of demand and supply. Healthcare doesn’t involve a specific ‘product’ that needs to be stocked and sold based on demand. However, though healthcare doesn’t deal with a given product, it still needs the service of a business leader among its team of management. This article helps to discuss the reasons why a business leader is needed in healthcare.
1. To Lead the Organization In case of a Disruption A business leader in healthcare act as the guide on the direction to take according to changes in the industry in case of any change. Organizations do not operate in a vacuum. They function in an environment with laws, technologies, competition, and regulations that are subject to changes.
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