Becker's Healthcare March 16, 2023
It is time for health systems to reconsider their strategy. Cars might offer some clarity, according to Kenneth Kaufman, managing director and chair of KaufmanHall.
In an article for KaufmanHall, Mr. Kaufman recounted Ford’s bold decision to stop making all U.S. internal combustion sedans except the Mustang. For nearly 100 years, Ford’s Model T automobiles were top sellers; but by 2018, new capabilities were changing the market, and the manufacturer faced an important pivot point.
“We’re going to feed the healthy parts of our business and deal decisively with the areas that destroy value,” said Jim Hackett, Ford’s then-CEO.
The company reorganized and shifted its focus to electric vehicles, leading with the popular F-150. It kept the...