In my years of building and growing a healthcare professional services firm, there is no substitute for strong business fundamentals. I was fortunate to be able to gain financial expertise within a few top Fortune 50 companies and then add a wide range of operational skills that were needed to build and grow a successful firm. Whether it is tracking clients, company profitability, staff utilization and development, efficient use of technology or other core functions, they all matter.
However, one underpinning of success that is often underestimated – is authenticity. Building connections both internally and externally without the typical masks we often rely on in business, has made a profound impact on how we reach our business goals.
I had the privilege of learning how to do this more skillfully from the online Xchange program by John Berghoff, who drew inspiration from Meg Wheatley’s groundbreaking work. At the core of this approach lies the framework of the 3 C’s: intellectual capital, communal capital, and social capital. These elements serve as the pillars to unlock value within organizations.
Recognizing the evolving landscape of our world with increased chaos, uncertainty, and market fluctuations, there is a necessity to amplify our connections, foster valuable collaborations, and innovate in our approach to value creation. The 3 C’s framework empowers us to engage with our team, clients, and vendors, creating a symbiotic exchange where everyone benefits.
A pivotal aspect of this model is the cultivation of a shared vision and purpose. In healthcare, this is inherent, as our shared commitment to helping patients underscores every aspect of our work. We find that our clients and vendors align with this purpose, fostering a deeper connection.
We also emphasize the importance of active listening, encouraging new questions that bring forth fresh insights, and embracing a holistic perspective on how we function as a collective system rather than isolated entities.
Establishing psychological safety within our organization allows for a broader range of viewpoints, enriching the collaborative experience for everyone involved. How we do this is a learned skill from both how we internalize our roles as well as our external actions with others in all types of settings.
Recognizing that an organization is only as strong as its last interaction, we focus on an iterative process of repairing and enhancing relationships. This involves continually aligning our processes with shared values, fostering community, and exploring how to contribute to social value.
In essence, our commitment to building genuine connections is not just a strategic initiative, but a cultural shift that positively influences our team dynamics, client relationships, and overall business resilience.
It opens the door to new possibilities so we can collectively thrive in this interconnected business environment.
Laura Smith Biswas
Co-Founder and Managing Principal
Cadence Communications & Research