Senior Housing News November 12, 2024
Most senior living companies have one person in the CEO or president role – but some have two.
A handful of companies including Gardant Management Solutions, New Perspective Senior Living and Savant Senior Living have adopted the leadership style in recent years as a way to increase productivity and collaboration among leaders at the top.
Specifically, such strategies are aimed at overcoming challenges with complimentary strengths, building similar visions for company growth and offering quicker responses during high-level decision-making, particularly when coordinating with regional leaders.
But shared leadership structures also pose challenges, including getting the hang of a less traditional management structure and the potential for ambiguity between the co-leaders.
This means that organizations must establish a strong company culture...
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