Author name: Ruchir Yadav

Whitepaper

The Future of Healthcare Leadership Decision Making

At Kingsley Gate, we believe the healthcare industry is the backbone of a successful society, economy, and private sector. In the post-COVID landscape we’re living in, we have shown that senior executives are in the driver’s seat, spending 40% of their time on decision making1, and are the force behind the direction the healthcare industry moves toward.

Our approach to executive hiring takes into account the fact that an organization’s decision-making capability is an extremely important, predictive measure of financial performance2; and that it’s often an under-developed muscle/overlooked aspect of the executive search process. Our cross-industry findings published in 2023 can be found here.

In this mini report, we dive into some of the unique dynamics affecting executive decision making in healthcare, as well as our perspectives around future trends in the industry.

Whitepaper

Bad Decisions: Why companies miss the most important factor in executive hiring

Astonishingly, the skill of making effective, timely decisions is often overlooked in leadership candidates. As companies search for new hands on the tiller to navigate uncertain waters, it is becoming clear that it is essential.

For many senior executives, feeling empowered to make good decisions is a crucial aspect of their remit. This skill feeds into many other areas of responsibility, such as good management practices, communication, strategy and more.

Despite its centrality, new research from Kingsley Gate reveals that decision making is the ‘missing piece’ in hiring strategy for leadership positions.

A quarter of senior executives say they were not asked about their decision making capabilities at interview stage and only around a third (36%) say that their decision making style aligns with that of their organization. There is also evidence to suggest that, even when asked about decision making, senior executives are not pressed to elaborate on their approaches to the process and thinking behind their decisions.

This report reveals the many benefits of ensuring that decision making is an integral factor in the leadership hiring process; how to empower senior executives to make good decisions; and how to accommodate contrasting decision making styles.