How AI can Fix What Ails Strategic Planning in Healthcare

Both McKinsey and Bain surveyed companies with revenues of $500 million and above on their strategic planning, and the findings were not comforting. According to the McKinsey work, only 23% had a formal strategic management process (and only 13% said it played a meaningful role in their corporate strategy). The survey also found companies generally do not focus their process on new growth opportunities. Just 32% in the Bain survey believed they had a strong strategic planning process. The rest found it ineffective in gaining strong results when the plan was followed (which is, after all, the test of whether the strategic plan was indeed good or not).