Tiny Philip

While efficiency is vital, focusing solely on individual functional efficiency can lead to suboptimal overall performance. Businesses need a holistic approach that aligns all functions towards achieving long-term strategic goals.

Discover how breaking down tasks into specialized roles, as pioneered by Adam Smith, can dramatically boost productivity and efficiency in your business.

To achieve long-term viability, entrepreneurs must adopt a strategic approach. This involves adhering to proven business principles, such as organization, management, and growth.

Charitable hospitals often believe a single new block improves staff efficiency and patient flow, but this can lead to inefficiencies and bottlenecks. Multi-storey buildings may complicate patient movement and safety, contradicting the efficiency goal.

Charitable trust hospitals should focus on improving ambience through renovations rather than overbuilding. Upgrading existing facilities can enhance patient experience without financial strain.

Charitable trust hospitals often overexpand to save costs and remain competitive, leading to financial strain and inefficiency. Misguided growth strategies risk profitability and force price increases, resulting in losses.

Charitable trust hospitals often expand rapidly to compete, risking debt and inefficiency. This misguided focus on size over sustainability can lead to financial loss and reduced patient care quality.

Charitable hospitals in Kerala should maximize existing resources instead of expanding, as the healthcare demand in the State is seasonal. Ensure lower costs without unnecessary debt.

Investing heavily in infrastructure and equipment forces charitable trust hospitals to take large loans, raising costs and potentially forcing price increases that undermine their market edge.

Kerala’s charitable trust hospitals can thrive as patients seek affordable care due to poor services at government hospitals. They have lower costs compared to private hospitals. However, some are mistakenly raising prices.