05.21.15 Vanderbilt Presentation on Building Leadership Skills

Michael Burcham
Michael BurchamCEO at Narus Health um Narus Health
TRANSFORMATIONAL LEADERSHIP
Healthcare’s New Business Model
The Law of Disruption
While	
  People	
  Change	
  Incrementally,	
  Technology	
  Improves	
  
EXPONENTIALLY
Mobile, Social, Camera, Sensors, Cloud and Data
$36	
  Trillion	
  in	
  stock	
  market	
  value	
  is	
  up	
  for	
  
RE-IMAGINATION
1 | WORK ON THE BUSINESS

The most successful transformational leaders I've known spend time
each week working “On The Business.”

TRANSFORMATIONAL LEADERSHIP
THE BUSINESS JOURNEY
THERE’S NO STRAIGHT LINE FROM “A” TO “B”

Leadership
Planning & Strategy
Customer & Market Focus
Analytics
People Focus
Process Knowledge
Business Information


Goal
Business Process:
Working IN your business
Business Capability:
Working ON your business
Today’s Reality
 Tomorrow’s Opportunity
You can spend all day, all week, all year
on the business in survival or maintenance mode
But growth happens when you work on this!
Business
Process
Business
Capability
THE SECRET | FOCUS ON THE BUSINESS MODEL







Make fundamental adjustments that enhance your competitive
advantages. New entrants often offer a “better mouse-
trap” – superior benefits and lower costs. 
A Business Model is simply a representation of how an
organization makes money.
The Business Model has Become a Given 
Our Professional Lives Are Simply “to do” Lists
There are 7 core business model types
from which every business model 
is created.
BUSINESS MODELS | 7 CORE TYPES
WHO
 WHAT
 HOW
is your

customer?
do you offer
your customers?
do you
do this?
Markets
Customer Segments
Individual Customers
Products & Services
Solutions
Experiences
Create Value
Deliver Value
Capture Value
Value Proposition
What Is A Business Model?
The Essence & Main Components
Who is your
customer?
What is your
value
proposition?
How are you
creating and
delivering your
offer?
Source: Marc Sniukas
Describe Your Business Model
Describe Your Business by Answering These 3 Questions
Most of Our Strategies are “off” by 10 Degrees
… so are most of our competitors
Closing the Gap Defines Success
2 | DIFFERENTIATE

FIVE TRAITS OF TRANSFORMATIONAL LEADERS

Differentiate yourself as a leader by
combining 3 puzzle pieces:

Your 
Assets
Your 
Aspirations
The
Market
Realities
Delivery
Skills
Emotional
Intelligence
Discovery
Skills
1. Insight:
Compelling vision of the
future that attracts others
2. Expertise:
Ability to show others how
to get things done
3. Relationships:
Capable people actually
choose to follow you
TRANSFORMATIONAL
LEADERSHIP
37%
Only of Individuals Think their Organization is Innovative 
WHERE IS THE INNOVATION?
Yet
79%
work environments.
would
feel
motivated
by
innovative
WHAT MOST OF OUR STAFF AND CUSTOMERS
THINK WE ARE TRYING TO BUILD
WHAT MOST OF OUR CUSTOMERS WANT
05.21.15  Vanderbilt Presentation on Building Leadership Skills
•  WE DO NOT LEAD an organization, department or group;
and your people do not follow strategic plans, fancy goals
or year-end reports | THEY FOLLOW A PERSON
•  Often, our understanding id diluted with operational plans,
goal setting, revenue and sales forecasting, cash flow, HR,
compliance and the company’s bottom line.

•  How You Influence Others is the Most Important 

Part of Leadership 



You Are Messing with Peoples’ Lives!
Individuals are hard-wired to belong

To groups and communities
That acknowledge their existence, accept them
And help them define their identity.

Boy	
  Scouts	
  or	
  Gangs,	
  It’s	
  all	
  about	
  
BELONGING
•  How does the plan build Awareness?
•  How do we create Interest?
•  What are the drivers of team Desire?
•  How do we cause Adoption | Buy In?
	
  
BUILDING AIDA | AFFECTING CHANGE
COGNITIVE STAGE | THINK
Awareness | The cognitive component deals with cognition,
or knowledge; it is the power of knowing, perceiving or
conceiving ideas about the product. It is dealing with the
basic information that our team needs to know. 

Our team must to be exposed to the plan – and understand
the WHY before we discuss HOW and WHAT.
AFFECTIVE STAGE | FEEL


Interest & Desire | The effective component deals with the
affections/emotions. 

For example, feelings of likes or dislike towards the plan. It is
at this stage that the team will emotionally connect and
engage or they will disconnect and disengage.
BEHAVIOR STAGE | DO
Action | This is the stage when the team, after having the
knowledge and developing the liking or disliking towards the
plan (and emotional buy in), will ultimately lead to action and
execution.
LESSONS LEARNED
IN LEADERSHIP
Great Communicators Tell 3 Stories:"


1.  Tell a compelling story about yourself..
2.  Tell a compelling story about the organization..
3.  Stories of your people & how the work they do is an
essential part of the team.
3 | NETWORK & COLLABORATE

A Leader must have a broader view that goes outside the healthcare
business. We get that broader perspective out there in our networks. 


In those networks you find information to bring it back into the business.


7 BUSINESS GROWTH STRATEGIES
FIVE TRAITS OF TRANSFORMATIONAL LEADERS
EMPLOYERS
SEARCH
PROVIDERS
SERVICE VENDORS
HEALTH PLANS
APP MAKERS
Customers
AROUND THE CONSUMER
HEALTHCARE STAKEHOLDERS ARE ALIGNING
You are competing with
every other type of
healthcare entity for “shelf
space” with the consumer.
WHAT IS YOUR BRAND?
…what do people say about you when you leave the room
MY DEVELOPMENT
The 500 People That
Connect Me to Anyone in the World
Opportunity Development
The 50 People That
Are Key to Professional Growth
Professional Development
The 5 People That
Most Influence Who I Become
Personal Development
1.
2.
3.
4.
5.
4 | THINK VALUE 

Challenge traditional thinking in healthcare – focus on the customer,
whose wants and needs change.

7 BUSINESS GROWTH STRATEGIES
FIVE TRAITS OF TRANSFORMATIONAL LEADERS
Competitive Advantage | our ability to outperform our competitors:
Valuable, Rare, Sustainable, Hard to Imitate.

THE HALO
VALUE CREATION FOR OUR CUSTOMERS
V = Value to consumer
P = Price
C = Costs of production

C
P – C = Margin
V – P = Halo
V – P = Halo
C
Competitive Advantage | our ability to outperform our competitors:
Valuable, Rare, Sustainable, Hard to Imitate.

THE HALO
VALUE CREATION FOR OUR CUSTOMERS
V = Value to consumer
P = Price
C = Costs of production

P – C = Margin
Source: The New Multi-Screen World Study | Google, August 2013
CONSUMER VALUE IS OFTEN INFERRED IN CONTEXT OF
TIME AND ACCESSIBILITY
5 | ENGAGE CONSUMERS


Healthcare’s consumer is increasingly mobile and lives online. Consider a
C2B Model – using customer data to engage and build loyalty. 

It will take more than a website to thrive in the New Health Economy.
7 BUSINESS GROWTH STRATEGIES
FIVE TRAITS OF TRANSFORMATIONAL LEADERS
MULTI-CHANNEL LIFE
MOST CONSUMERS HAVE A
Customers
Use Consumer Data To:

•  Refine business
models 
•  Enhance consumer
experience
•  Earn greater loyalty
LOOK FOR TREND

Challenge traditional thinking in healthcare – focus
on the customer, whose wants and needs change.

9 BUSINESS GROWTH STRATEGIES
The next “New Thing” happens because we see
in our peripheral vision emerging opportunities…
You Can Almost Feel the Change
THE NEXT NEW THING | Begins with an Idea
GET THE IDEA 

OUT OF YOUR HEAD!





…and into a Picture!
1.PRODUCT
5. KEY INGREDIENTS
6. PARTNERS
7. ESSENTIAL RECIPE
8. COST MODEL
 9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
4. INTIMACY
3.DISTRIBUTION
Company Name
 Version Number
 Date
THE IDEA FRAME | WHAT IF
1.PRODUCT
5. KEY INGREDIENTS
6. PARTNERS
7. ESSENTIAL RECIPE
8. COST MODEL
 9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
4. INTIMACY
3.DISTRIBUTION
THE PRODUCT QUESTIONS
•  What is it? 
•  Who has one like it?
•  Why now? 
•  Why me?
Company Name
 Version Number
 Date
1.PRODUCT
5. KEY INGREDIENTS
6. PARTNERS
7. ESSENTIAL RECIPE
8. COST MODEL
 9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
What is the pain?
Who are early adopters?
What brands do they buy today?
What causes them to choose us?
4. INTIMACY
3.DISTRIBUTION
THE CUSTOMER QUESTIONS
•  Who are early adopters? 
•  What is their pain? 
•  How do they solve it today?
•  What brands do they buy? 
•  What causes them to choose us?
Company Name
 Version Number
 Date
1.PRODUCT
5. KEY INGREDIENTS
6. PARTNERS
7. ESSENTIAL RECIPE
8. COST MODEL
 9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
What is the pain?
Who are early adopters?
What brands do they buy today?
What causes them to choose us?
4. INTIMACY
3.DISTRIBUTION
Howdocustomershearaboutus?
Howdotheybuy?
Isiteasytobuy?
Atwhatprice?
THE DISTRIBUTION QUESTIONS
•  How do customers hear of us? 
•  How do they buy?
•  Do we make it easy to buy? 
•  At what price will they buy?
Company Name
 Version Number
 Date
1.PRODUCT
5. KEY INGREDIENTS
6. PARTNERS
7. ESSENTIAL RECIPE
8. COST MODEL
 9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
What is the pain?
Who are early adopters?
What brands do they buy today?
What causes them to choose us?
4. INTIMACY
3.DISTRIBUTION
Why do early adopters like us?
How do we engage them?
Will they become our
Ambassadors?
Howdocustomershearaboutus?
Howdotheybuy?
Isiteasytobuy?
Atwhatprice?
THE INTIMACY QUESTIONS
•  Why do early adopters like us? 
•  How are we engaging them?
•  Will they become ambassadors? 
Company Name
 Version Number
 Date
1.PRODUCT
5. KEY INGREDIENTS
What are the core elements of the product or service
that are unique to our team? What are the critical
ingredients in my design that I must own?
6. PARTNERS
7. ESSENTIAL RECIPE
8. COST MODEL
 9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
What is the pain?"
Who are early adopters?
What brands do they buy today?
What causes them to choose us?
4. INTIMACY
3.DISTRIBUTION
What causes customers to like us?
How do we engage them?
Will they become our
Ambassadors?
Howdocustomershearaboutus?
Howdotheybuy?
Isiteasytobuy?
Atwhatprice?
KEY INGREDIENTS
•  What are the core elements of
the product or service that are
unique to our team?
•  What are the critical ingredients in
my design that I must own? 
Company Name
 Version Number
 Date
1.PRODUCT
5. KEY INGREDIENTS
What are the core elements of the product or service
that are unique to our team? What are the critical
ingredients in my design that I must own?
6. PARTNERS
Who are the key partners who will provide certain
outsource and supply chain services? What partner
brands help us look larger than life? 
7. ESSENTIAL RECIPE
8. COST MODEL
 9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
4. INTIMACY
3.DISTRIBUTION
What is the pain?"
Who are early adopters?
What brands do they buy today?
What causes them to choose us?
What causes customers to like us?
How do we engage them?
Will they become our
Ambassadors?
Howdocustomershearaboutus?
Howdotheybuy?
Isiteasytobuy?
Atwhatprice?
PARTNERS
•  Who are the key partners who
will provide outsource and supply
chain services?
•  What are the brands that will help
us look larger than life? 
Company Name
 Version Number
 Date
1.PRODUCT
5. KEY INGREDIENTS
What are the core elements of the product or service
that are unique to our team? What are the critical
ingredients in my design that I must own?
6. PARTNERS
Who are the key partners who will provide certain
outsource and supply chain services? What partner
brands help us look larger than life? 
7. ESSENTIAL RECIPE
What is the perfect mix of the core elements I must
do? What partnership | outsource activities that meet
the customers needs without being overly
complicated?
8. COST MODEL
 9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
4. INTIMACY
3.DISTRIBUTION
What is the pain?"
Who are early adopters?
What brands do they buy today?
What causes them to choose us?
What causes customers to like us?
How do we engage them?
Will they become our
Ambassadors?
Howdocustomershearaboutus?
Howdotheybuy?
Isiteasytobuy?
Atwhatprice?
ESSENTIAL RECIPE
•  What is the perfect mix of the
core elements I must do?
•  What partnership activities that
meet the the customers needs
without being overly
complicated?
Company Name
 Version Number
 Date
1.PRODUCT
5. KEY INGREDIENTS
What are the core elements of the product or service
that are unique to our team? What are the critical
ingredients in my design that I must own?
6. PARTNERS
Who are the key partners who will provide certain
outsource and supply chain services? What partner
brands help us look larger than life? 
7. ESSENTIAL RECIPE
What is the perfect mix of the core elements I must
do? What partnership | outsource activities that meet
the customers needs without being overly
complicated?
8. COST MODEL
Do items (5-7) create an affordable cost structure?
Can I create a competitive market margin for the
product or service at the price I can charge? What is
my best guess of the margin?
9. REVENUE MODEL
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
4. INTIMACY
3.DISTRIBUTION
What is the pain?"
Who are early adopters?
What brands do they buy today?
What causes them to choose us?
What causes customers to like us?
How do we engage them?
Will they become our
Ambassadors?
Howdocustomershearaboutus?
Howdotheybuy?
Isiteasytobuy?
Atwhatprice?
MY COST MODEL
•  Do items 5-7 create an affordable
cost structure?
•  Can I create a competitive margin?
•  What is my best guess of the
margin?
Company Name
 Version Number
 Date
1.PRODUCT
5. KEY INGREDIENTS
What are the core elements of the product or service
that are unique to our team? What are the critical
ingredients in my design that I must own?
6. PARTNERS
Who are the key partners who will provide certain
outsource and supply chain services? What partner
brands help us look larger than life? 
7. ESSENTIAL RECIPE
What is the perfect mix of the core elements I must do
and the partnership | outsource activities that meet the
customers needs without being overly complicated
nor costly?
8. COST MODEL
 9. REVENUE MODEL
What can I charge for the product or service? Based
upon my cost model, is the business sustainable?
Does it attract investors? Can it scale and grow?
How do I know?
Whatisit?Whohasonelikeit?
Whynow?Whyme?
2. CUSTOMER
4. INTIMACY
3.DISTRIBUTION
What is the pain?"
Who are early adopters?
What brands do they buy today?
What causes them to choose us?
What causes customers to like us?
How do we engage them?
Will they become our
Ambassadors?
Howdocustomershearaboutus?
Howdotheybuy?
Isiteasytobuy?
Atwhatprice?
Do items (5-7) create an affordable cost structure?
Can I create a competitive market margin for the
product or service at the price I can charge? What is
my best guess of the margin?
MY REVENUE MODEL
•  What can I charge for the product
or service?
•  Based upon my cost model, is the
business sustainable?
•  Does it attract investors?
•  Can it scale and grow?
•  How do I know?
Company Name
 Version Number
 Date
LEADERSHIP DECISION MAKING
REQUIRES AN ENTREPRENEURIAL MINDSET
F 
Frame the
Opportunity or
Issue



O
Organize the
Information you
Have


C
Clarify What You Know and Do Not Know
U
Understand Your Options. 
Develop a “Plan A” and a “Plan B”





Validation of Options:
• ROI (Return on Investment)
• Value
• Projected Growth in Revenue, Margin, Customer Volume

S
Select Your Best Option. 
Execute it Well.


Does your solution Address the Client’s or
Organization’s “Pain”?
Does it match the Company’s Strategic Objective (s)?
Is it a realistic?
Is it affordable?
Is it an executable solution?
PDCA 	
  Instructio nal	
  Cycle
PLA N
A C T
DO
CHECK
• Data	
  Disaggregation
• Calendar	
  Development
• Direct	
  Instructional
Focus
• Tutorials
• Enrichment
• Assessment
• Maintenance
• Monitoring
FOCUS MODEL | DECISION MAKING
We Become
ü  What we Eat | Both body and brain health
ü  What we Read | Reading changes brain structure & performance
ü  The 5 People | With whom we spend most of our time


Knowing this, I use the following tool to map out my on
personal development plan – to ensure I have an active role in
the person I am becoming…
TO-BE
SITUATION
Ÿ  Performance
Ÿ  Skills
Ÿ  Perceptions
A Transformation Map is a simple but powerful framework 

against which to chart our progress
AS-IS
SITUATION
Ÿ  Performance
Ÿ  Skills
Ÿ  Perceptions
TO
Performance
Q3 Q4Q2Q1
FROM
Personal	
  Life	
  My	
  Well	
  Being	
  
My	
  Brand	
  |	
  Iden5ty	
  Network	
  |People	
  Skill	
  |	
  Knowledge	
  
Experiences	
  
My Goal:
1st Qtr
 2nd Qtr
 3rd Qtr
 4th Qtr
CONTACT INFORMATION




Dr. Michael R. Burcham


c.  615.400.7662
e. 
michael@michaelburcham.com
w. 
www.michaelburcham.com
t.  www.twitter.com/michaelrburcham
l.  www.linkedin.com/in/michaelburcham
Handouts Available: www.slideshare.net/michaelburcham
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05.21.15 Vanderbilt Presentation on Building Leadership Skills

  • 2. The Law of Disruption While  People  Change  Incrementally,  Technology  Improves   EXPONENTIALLY
  • 3. Mobile, Social, Camera, Sensors, Cloud and Data $36  Trillion  in  stock  market  value  is  up  for   RE-IMAGINATION
  • 4. 1 | WORK ON THE BUSINESS The most successful transformational leaders I've known spend time each week working “On The Business.” TRANSFORMATIONAL LEADERSHIP
  • 5. THE BUSINESS JOURNEY THERE’S NO STRAIGHT LINE FROM “A” TO “B” Leadership Planning & Strategy Customer & Market Focus Analytics People Focus Process Knowledge Business Information Goal
  • 6. Business Process: Working IN your business Business Capability: Working ON your business Today’s Reality Tomorrow’s Opportunity
  • 7. You can spend all day, all week, all year on the business in survival or maintenance mode But growth happens when you work on this! Business Process Business Capability
  • 8. THE SECRET | FOCUS ON THE BUSINESS MODEL Make fundamental adjustments that enhance your competitive advantages. New entrants often offer a “better mouse- trap” – superior benefits and lower costs. A Business Model is simply a representation of how an organization makes money.
  • 9. The Business Model has Become a Given Our Professional Lives Are Simply “to do” Lists
  • 10. There are 7 core business model types from which every business model is created. BUSINESS MODELS | 7 CORE TYPES
  • 11. WHO WHAT HOW is your
 customer? do you offer your customers? do you do this? Markets Customer Segments Individual Customers Products & Services Solutions Experiences Create Value Deliver Value Capture Value Value Proposition What Is A Business Model? The Essence & Main Components
  • 12. Who is your customer? What is your value proposition? How are you creating and delivering your offer? Source: Marc Sniukas Describe Your Business Model Describe Your Business by Answering These 3 Questions
  • 13. Most of Our Strategies are “off” by 10 Degrees … so are most of our competitors Closing the Gap Defines Success
  • 14. 2 | DIFFERENTIATE FIVE TRAITS OF TRANSFORMATIONAL LEADERS Differentiate yourself as a leader by combining 3 puzzle pieces: Your Assets Your Aspirations The Market Realities
  • 15. Delivery Skills Emotional Intelligence Discovery Skills 1. Insight: Compelling vision of the future that attracts others 2. Expertise: Ability to show others how to get things done 3. Relationships: Capable people actually choose to follow you TRANSFORMATIONAL LEADERSHIP
  • 16. 37% Only of Individuals Think their Organization is Innovative WHERE IS THE INNOVATION?
  • 18. WHAT MOST OF OUR STAFF AND CUSTOMERS THINK WE ARE TRYING TO BUILD
  • 19. WHAT MOST OF OUR CUSTOMERS WANT
  • 21. •  WE DO NOT LEAD an organization, department or group; and your people do not follow strategic plans, fancy goals or year-end reports | THEY FOLLOW A PERSON •  Often, our understanding id diluted with operational plans, goal setting, revenue and sales forecasting, cash flow, HR, compliance and the company’s bottom line. •  How You Influence Others is the Most Important Part of Leadership You Are Messing with Peoples’ Lives!
  • 22. Individuals are hard-wired to belong To groups and communities That acknowledge their existence, accept them And help them define their identity. Boy  Scouts  or  Gangs,  It’s  all  about   BELONGING
  • 23. •  How does the plan build Awareness? •  How do we create Interest? •  What are the drivers of team Desire? •  How do we cause Adoption | Buy In?   BUILDING AIDA | AFFECTING CHANGE
  • 24. COGNITIVE STAGE | THINK Awareness | The cognitive component deals with cognition, or knowledge; it is the power of knowing, perceiving or conceiving ideas about the product. It is dealing with the basic information that our team needs to know. Our team must to be exposed to the plan – and understand the WHY before we discuss HOW and WHAT.
  • 25. AFFECTIVE STAGE | FEEL
 Interest & Desire | The effective component deals with the affections/emotions. For example, feelings of likes or dislike towards the plan. It is at this stage that the team will emotionally connect and engage or they will disconnect and disengage.
  • 26. BEHAVIOR STAGE | DO Action | This is the stage when the team, after having the knowledge and developing the liking or disliking towards the plan (and emotional buy in), will ultimately lead to action and execution.
  • 27. LESSONS LEARNED IN LEADERSHIP Great Communicators Tell 3 Stories:" 1.  Tell a compelling story about yourself.. 2.  Tell a compelling story about the organization.. 3.  Stories of your people & how the work they do is an essential part of the team.
  • 28. 3 | NETWORK & COLLABORATE A Leader must have a broader view that goes outside the healthcare business. We get that broader perspective out there in our networks. In those networks you find information to bring it back into the business. 7 BUSINESS GROWTH STRATEGIES FIVE TRAITS OF TRANSFORMATIONAL LEADERS
  • 29. EMPLOYERS SEARCH PROVIDERS SERVICE VENDORS HEALTH PLANS APP MAKERS Customers AROUND THE CONSUMER HEALTHCARE STAKEHOLDERS ARE ALIGNING You are competing with every other type of healthcare entity for “shelf space” with the consumer.
  • 30. WHAT IS YOUR BRAND? …what do people say about you when you leave the room
  • 31. MY DEVELOPMENT The 500 People That Connect Me to Anyone in the World Opportunity Development The 50 People That Are Key to Professional Growth Professional Development The 5 People That Most Influence Who I Become Personal Development 1. 2. 3. 4. 5.
  • 32. 4 | THINK VALUE Challenge traditional thinking in healthcare – focus on the customer, whose wants and needs change. 7 BUSINESS GROWTH STRATEGIES FIVE TRAITS OF TRANSFORMATIONAL LEADERS
  • 33. Competitive Advantage | our ability to outperform our competitors: Valuable, Rare, Sustainable, Hard to Imitate. THE HALO VALUE CREATION FOR OUR CUSTOMERS V = Value to consumer P = Price C = Costs of production C P – C = Margin V – P = Halo
  • 34. V – P = Halo C Competitive Advantage | our ability to outperform our competitors: Valuable, Rare, Sustainable, Hard to Imitate. THE HALO VALUE CREATION FOR OUR CUSTOMERS V = Value to consumer P = Price C = Costs of production P – C = Margin
  • 35. Source: The New Multi-Screen World Study | Google, August 2013 CONSUMER VALUE IS OFTEN INFERRED IN CONTEXT OF TIME AND ACCESSIBILITY
  • 36. 5 | ENGAGE CONSUMERS Healthcare’s consumer is increasingly mobile and lives online. Consider a C2B Model – using customer data to engage and build loyalty. It will take more than a website to thrive in the New Health Economy. 7 BUSINESS GROWTH STRATEGIES FIVE TRAITS OF TRANSFORMATIONAL LEADERS
  • 37. MULTI-CHANNEL LIFE MOST CONSUMERS HAVE A Customers Use Consumer Data To: •  Refine business models •  Enhance consumer experience •  Earn greater loyalty
  • 38. LOOK FOR TREND Challenge traditional thinking in healthcare – focus on the customer, whose wants and needs change. 9 BUSINESS GROWTH STRATEGIES
  • 39. The next “New Thing” happens because we see in our peripheral vision emerging opportunities… You Can Almost Feel the Change
  • 40. THE NEXT NEW THING | Begins with an Idea
  • 41. GET THE IDEA 
 OUT OF YOUR HEAD!
 
 
 …and into a Picture!
  • 42. 1.PRODUCT 5. KEY INGREDIENTS 6. PARTNERS 7. ESSENTIAL RECIPE 8. COST MODEL 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER 4. INTIMACY 3.DISTRIBUTION Company Name Version Number Date THE IDEA FRAME | WHAT IF
  • 43. 1.PRODUCT 5. KEY INGREDIENTS 6. PARTNERS 7. ESSENTIAL RECIPE 8. COST MODEL 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER 4. INTIMACY 3.DISTRIBUTION THE PRODUCT QUESTIONS •  What is it? •  Who has one like it? •  Why now? •  Why me? Company Name Version Number Date
  • 44. 1.PRODUCT 5. KEY INGREDIENTS 6. PARTNERS 7. ESSENTIAL RECIPE 8. COST MODEL 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER What is the pain? Who are early adopters? What brands do they buy today? What causes them to choose us? 4. INTIMACY 3.DISTRIBUTION THE CUSTOMER QUESTIONS •  Who are early adopters? •  What is their pain? •  How do they solve it today? •  What brands do they buy? •  What causes them to choose us? Company Name Version Number Date
  • 45. 1.PRODUCT 5. KEY INGREDIENTS 6. PARTNERS 7. ESSENTIAL RECIPE 8. COST MODEL 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER What is the pain? Who are early adopters? What brands do they buy today? What causes them to choose us? 4. INTIMACY 3.DISTRIBUTION Howdocustomershearaboutus? Howdotheybuy? Isiteasytobuy? Atwhatprice? THE DISTRIBUTION QUESTIONS •  How do customers hear of us? •  How do they buy? •  Do we make it easy to buy? •  At what price will they buy? Company Name Version Number Date
  • 46. 1.PRODUCT 5. KEY INGREDIENTS 6. PARTNERS 7. ESSENTIAL RECIPE 8. COST MODEL 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER What is the pain? Who are early adopters? What brands do they buy today? What causes them to choose us? 4. INTIMACY 3.DISTRIBUTION Why do early adopters like us? How do we engage them? Will they become our Ambassadors? Howdocustomershearaboutus? Howdotheybuy? Isiteasytobuy? Atwhatprice? THE INTIMACY QUESTIONS •  Why do early adopters like us? •  How are we engaging them? •  Will they become ambassadors? Company Name Version Number Date
  • 47. 1.PRODUCT 5. KEY INGREDIENTS What are the core elements of the product or service that are unique to our team? What are the critical ingredients in my design that I must own? 6. PARTNERS 7. ESSENTIAL RECIPE 8. COST MODEL 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER What is the pain?" Who are early adopters? What brands do they buy today? What causes them to choose us? 4. INTIMACY 3.DISTRIBUTION What causes customers to like us? How do we engage them? Will they become our Ambassadors? Howdocustomershearaboutus? Howdotheybuy? Isiteasytobuy? Atwhatprice? KEY INGREDIENTS •  What are the core elements of the product or service that are unique to our team? •  What are the critical ingredients in my design that I must own? Company Name Version Number Date
  • 48. 1.PRODUCT 5. KEY INGREDIENTS What are the core elements of the product or service that are unique to our team? What are the critical ingredients in my design that I must own? 6. PARTNERS Who are the key partners who will provide certain outsource and supply chain services? What partner brands help us look larger than life? 7. ESSENTIAL RECIPE 8. COST MODEL 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER 4. INTIMACY 3.DISTRIBUTION What is the pain?" Who are early adopters? What brands do they buy today? What causes them to choose us? What causes customers to like us? How do we engage them? Will they become our Ambassadors? Howdocustomershearaboutus? Howdotheybuy? Isiteasytobuy? Atwhatprice? PARTNERS •  Who are the key partners who will provide outsource and supply chain services? •  What are the brands that will help us look larger than life? Company Name Version Number Date
  • 49. 1.PRODUCT 5. KEY INGREDIENTS What are the core elements of the product or service that are unique to our team? What are the critical ingredients in my design that I must own? 6. PARTNERS Who are the key partners who will provide certain outsource and supply chain services? What partner brands help us look larger than life? 7. ESSENTIAL RECIPE What is the perfect mix of the core elements I must do? What partnership | outsource activities that meet the customers needs without being overly complicated? 8. COST MODEL 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER 4. INTIMACY 3.DISTRIBUTION What is the pain?" Who are early adopters? What brands do they buy today? What causes them to choose us? What causes customers to like us? How do we engage them? Will they become our Ambassadors? Howdocustomershearaboutus? Howdotheybuy? Isiteasytobuy? Atwhatprice? ESSENTIAL RECIPE •  What is the perfect mix of the core elements I must do? •  What partnership activities that meet the the customers needs without being overly complicated? Company Name Version Number Date
  • 50. 1.PRODUCT 5. KEY INGREDIENTS What are the core elements of the product or service that are unique to our team? What are the critical ingredients in my design that I must own? 6. PARTNERS Who are the key partners who will provide certain outsource and supply chain services? What partner brands help us look larger than life? 7. ESSENTIAL RECIPE What is the perfect mix of the core elements I must do? What partnership | outsource activities that meet the customers needs without being overly complicated? 8. COST MODEL Do items (5-7) create an affordable cost structure? Can I create a competitive market margin for the product or service at the price I can charge? What is my best guess of the margin? 9. REVENUE MODEL Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER 4. INTIMACY 3.DISTRIBUTION What is the pain?" Who are early adopters? What brands do they buy today? What causes them to choose us? What causes customers to like us? How do we engage them? Will they become our Ambassadors? Howdocustomershearaboutus? Howdotheybuy? Isiteasytobuy? Atwhatprice? MY COST MODEL •  Do items 5-7 create an affordable cost structure? •  Can I create a competitive margin? •  What is my best guess of the margin? Company Name Version Number Date
  • 51. 1.PRODUCT 5. KEY INGREDIENTS What are the core elements of the product or service that are unique to our team? What are the critical ingredients in my design that I must own? 6. PARTNERS Who are the key partners who will provide certain outsource and supply chain services? What partner brands help us look larger than life? 7. ESSENTIAL RECIPE What is the perfect mix of the core elements I must do and the partnership | outsource activities that meet the customers needs without being overly complicated nor costly? 8. COST MODEL 9. REVENUE MODEL What can I charge for the product or service? Based upon my cost model, is the business sustainable? Does it attract investors? Can it scale and grow? How do I know? Whatisit?Whohasonelikeit? Whynow?Whyme? 2. CUSTOMER 4. INTIMACY 3.DISTRIBUTION What is the pain?" Who are early adopters? What brands do they buy today? What causes them to choose us? What causes customers to like us? How do we engage them? Will they become our Ambassadors? Howdocustomershearaboutus? Howdotheybuy? Isiteasytobuy? Atwhatprice? Do items (5-7) create an affordable cost structure? Can I create a competitive market margin for the product or service at the price I can charge? What is my best guess of the margin? MY REVENUE MODEL •  What can I charge for the product or service? •  Based upon my cost model, is the business sustainable? •  Does it attract investors? •  Can it scale and grow? •  How do I know? Company Name Version Number Date
  • 52. LEADERSHIP DECISION MAKING REQUIRES AN ENTREPRENEURIAL MINDSET
  • 53. F Frame the Opportunity or Issue O Organize the Information you Have C Clarify What You Know and Do Not Know U Understand Your Options. Develop a “Plan A” and a “Plan B” Validation of Options: • ROI (Return on Investment) • Value • Projected Growth in Revenue, Margin, Customer Volume S Select Your Best Option. Execute it Well. Does your solution Address the Client’s or Organization’s “Pain”? Does it match the Company’s Strategic Objective (s)? Is it a realistic? Is it affordable? Is it an executable solution? PDCA  Instructio nal  Cycle PLA N A C T DO CHECK • Data  Disaggregation • Calendar  Development • Direct  Instructional Focus • Tutorials • Enrichment • Assessment • Maintenance • Monitoring FOCUS MODEL | DECISION MAKING
  • 54. We Become ü  What we Eat | Both body and brain health ü  What we Read | Reading changes brain structure & performance ü  The 5 People | With whom we spend most of our time Knowing this, I use the following tool to map out my on personal development plan – to ensure I have an active role in the person I am becoming…
  • 55. TO-BE SITUATION Ÿ  Performance Ÿ  Skills Ÿ  Perceptions A Transformation Map is a simple but powerful framework 
 against which to chart our progress AS-IS SITUATION Ÿ  Performance Ÿ  Skills Ÿ  Perceptions TO Performance Q3 Q4Q2Q1 FROM
  • 56. Personal  Life  My  Well  Being   My  Brand  |  Iden5ty  Network  |People  Skill  |  Knowledge   Experiences   My Goal: 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
  • 57. CONTACT INFORMATION Dr. Michael R. Burcham c.  615.400.7662 e. michael@michaelburcham.com w. www.michaelburcham.com t.  www.twitter.com/michaelrburcham l.  www.linkedin.com/in/michaelburcham Handouts Available: www.slideshare.net/michaelburcham