Present models of ONLY ROI driven businesses are not sustainable. CFO of Narayana Hrudayalaya today quoted in ET- CD, " kind of returns PE players are asking is not possible in healthcare industry."
Yes healthcare industry is not only PROFIT driven but PEOPLE driven. Number of people impacted while making some profit to take care of future investments. Mere ROI focus is not sustainable nor desirable.
Yes healthcare industry is not only PROFIT driven but PEOPLE driven. Number of people impacted while making some profit to take care of future investments. Mere ROI focus is not sustainable nor desirable.
Why only healthcare ? Every industry today is in severe cut throat competition. Ethical conduct is replaced by END only matters, Q on Q and ROI, ROCE kind of performance matrix.
Balance Scorecard approach by some of the corporate is welcome step but how much it has helped in stress reduction and happiness enhancement is a matter of research.
These PEs and their insatiable appetite for ROI is deciding ROI benchmarks world over.
Huge ROI will drive happiness for a few at the cost of unhappiness and stress for many.
Today's organisations are like Horses on steroids in race course.
Huge bonus and extravagant packages at the top level makes the organisation look like a race course. Bets on the houses are so huge that they have to run and run and win at all cost.
Fortunately horses run only in race course but ROI hungry Shareholders & CEOs run all across the society. Examples of Ranbaxys and Satyams and many more unearthed are the products of such rush for crazy ROIs.
