HPA Senior Advisor Bob Kaplan shares his personal framework for a successful virtual office space and simple, but meaningful ways to avoid common frustrations.

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As my contribution to the dialogue on how to cope with COVID-19, let me share with you my Peak TV recommendations.  I hope you can find some gems in here that you haven’t yet discovered, to help you through some of these funky days and nights. 

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Assuming a strategic plan is sound, there are many factors that determine the success of a company’s change initiative. Oversight from a Project Management Office (PMO), enables a strong path for success and provide early warnings when a project is derailed and work to help get it back on track.

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For companies in the midst of transformation, a Project Management Offices (PMO) is typically viewed as a necessary expense that should be run as lean as possible. However, we believe a well-run Project Management Office has the power to bring structure, focus, and speed to enterprise-wide change initiatives and process improvements.

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It cannot be emphasized enough that corporate strategy must be developed with Business Unit leadership involvement. Here we discuss how corporate leadership and Business Units can promote mutual understanding and alignment with the enterprise strategy at each level.

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Within any organization, groupthink can be detrimental if it stymies creativity and innovation, discounts individual opinions, inhibits engagement, and undermines moral. While the semantics may appear to be similar, having a cohesive mindset is something quite different. Ensuring your organization shifts its old identity to the new identity takes some effort. Here we discuss a framework to promote success.

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Some business tools are so simple, it’s easy to be suspect of their effectiveness. RACI, a responsibility and decision clarification matrix that brings both structure and accountability to projects and processes, is one of them.

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There is broad agreement that the U.S. healthcare market has structural challenges that need correcting: Cost of healthcare is the highest in the world and has been growing faster than GDP for decades. So, what should a healthcare provider, payer, or services and technology company do to win in this evolving landscape? How should a healthcare player develop its call-to-action?

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Too often when companies embark on a strategic plan, the results are disappointing. A common error involves assembling a long-term business plan, calling it a strategic plan, and complaining about how the exercise is mostly ‘financial,’ with limited use beyond the one-time rollup.  So, what’s causing these frequent unsatisfactory results?

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Strategy is all about choice. At its foundation, business strategy comes down to decisive prioritization of what your organization will and won’t do in order to achieve its desired goals and outcomes. Landing on the choices and priorities that underpin any strategy requires insights inherently formed by a number of factors including the integration of competitive intelligence, which in our experience is often neglected or even discredited.

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