Leading Strategic Change At DaVita Essay Example | Topics and Well Written Essays - 750 words

Leading Strategic Change At DaVita - Essay ExampleIt is seemingly clear from the discussion that the turnaround in the fortunes of DaVita is attributable to managerial changes incorporated by the play along by hiring a new C.E.O, Kent Thiry. Thiry has been the C.E.O of DaVita since October 1999 and has been an instrumental force in its growth and success. He is an experienced C.E.O and a fine-tune of Harvard in MBA. In October 1999, a time when Kent Thiry took all over as C.E.O for Total Rental Care the participation was collapsing. Basically, Total Renal Care could not honor its loan obligations, was already paying the charge to its creditors, its supplement had shot up due to the many acquisitions and most vividly the keep company was on the brink of bankruptcy. Additionally, its computer memory price had dropped greatly, its systems non- performing and its employees demotivated and unhappy. What made the situation even worse was the shareholders loss of faith in the compan y to the point of using it. The future of the company was uncertain. The new C.E.O, Kent Thiry was facing a dilemma of how to rescue the company that was heading for a closedown. It was now his obligation to turn things around and gain the lost confidence. Thiry was taking over a nightmare job, one that many would avoid. Because of the many challenges that Total Renal Care was facing at the time Thiry took over as C.E.O, a turnaround of things was a priority for him and the management. The purposes of these transformations especially the restructuring of the debts and cash flows were to realise the company was back on its financial feet. This was to ensure the firm avoids the foreseen financial risk of bankruptcy. Additionally, the early meetings of the chief executive officer and the executive were significant in streamlining the companys payroll decisions, operating philosophy and other alert legislation that the company wanted to instill. Adoption and recognition of centers ai med at giving attention to their market with a view to making them feel appreciated and cared for.