Herman Cain withdrew his name from consideration for a Fed seat because he couldn’t afford (or didn’t want) to work for the relatively low pay
Ride along with Mark as he discusses the dangers inherent in second guessing medical group leadership decisions, as well as its poor relation, undermining decisions made by others.
Herman Cain withdrew his name from consideration for a Fed seat because he couldn’t afford (or didn’t want) to work for the relatively low pay.
That may be true on the highway, but it’s patently untrue in terms of your group’s business. In business you need to be able to make decisions quickly and then act on them. That speed is the one major benefit that the smaller competitor has. Think guerrilla warfare.
Many medical groups destroy their ability to compete through the creation of truly democratic, club-like structures in which every shareholder or every partner gets a vote in respect of almost every business decision.
Opportunities fly past. They don’t slow down for your group to give notice of a shareholders meeting and then take a vote.
The solution is to create a structure with as few leaders as possible and then to let them lead and to even fail as long as they build on that failure. The inability to act due to the fact that your group has tied itself up in knots is not an effective strategy.
In this context, speed saves your business life.
Comment or contact me if you’d like to discuss this post.
Mark F. Weiss