With the Board of Stewardship Trustees' approval of Catholic Health Initiatives' core strategies and objectives for fiscal years 2005-2009, the President's Council and the National Leadership Team have moved into the next stage of strategic planning: implementation, which includes defining priority actions and accountabilities.
Focus for Fiscal Year 2005
In July, a number of actions were developed for each objective within the strategic plan: People, Information, Quality, Performance and Growth. The President's Council prioritized those actions for fiscal year 2005.
In August, the National Leadership Team met to discuss priority actions for fiscal year 2005. "In general, they felt these priorities are appropriate," said Bob Cook, vice president of strategic planning for Catholic Health Initiatives. "In addition, they described several 'key success factors' that will be required to accomplish the priority actions during this fiscal year." The key success factors are:
The National Leadership Team will reconvene in early November to discuss resource commitments and allocations for the strategic priorities. The team will also consider other business imperatives and infrastructure requirements and begin the process of aligning measures and incentives for fiscal year 2006.
"It's clear that the success of our strategic plan is now in the details: focus, defined roles and responsibilities, aligned incentives, collaboration and performance accountability," said Cook. "Fiscal year 2005 is about moving strategy into action and action into tangible demonstrations of accomplishment."
For more information, contact Bob Cook at email@example.com.
- Focus: concentrate resources on actions that will have the greatest impact on success.
- Accountability: clarify roles and responsibilities for achieving results and improve management and status reporting processes.
- Alignment: align national group efforts and incentives with the priorities in the strategic plan.
- Communication: communicate clearly, consistently and continuously regarding strategic plan implementation and accomplishments.