Thiry DaVita brings together entrepreneurial, operational, and enabling leadership forces to foster success through buying of shares, clearing of debts that the company owes, and also venturing into new businesses. Through his leadership, the tax rate had gone down from 39% to 27% whereby, it appears to be a relief to generate cash flow in the company (DaVita ‘well-suited’ to drive change in health care, CEO says, 2018). The company’s key focus is patients and then employees follow. The members of staff are going to be empowered through involving them in the investments both local and global as per Thiry’s statement.
Using the behavioral leadership approach, Thiry has been able to learn how to coordinate the relationship between the stakeholders and also the company’s objectives that are to be a leading firm in offering a patient solution through technology. The drive for international opportunities shows that the chief executive officer has been able to benchmark from other giant firms that enable business success by moving with the current trends in the field of the venture. Thiry ensures that there is a collaborative base with sponsors who allow the shares to grow faster hence allowing them to focus on the process of engineering the economic scale in the company.
I consider myself a rational decision-maker because of the logic that I usually use before making major choices. For example, I make such decisions when comparing the type of elective units to learn in the school by considering that which will benefit me career-wise in the future. I may not only dwell on units that are centered in economics but also sociology so that I can benefit in understanding human anatomy (Hill, 2017). Decisions that make me behave irrationally are those which have a conflict of interest between me and other parties.
Organizations struggle when employees leave due to the expertise and information power that the members of staff grow while working for the company. The staff turnover influences the cost, delivery of duties, and productivity since the replacements may take time to get the metrics of the company right (Hill, 2017). To retain tacit knowledge, firms should ensure that they provide monetary incentives to the employees so that they stick to the company. Additionally, they can have programs that make every member part of the organization.
References
Bloomberg. (2018). DaVita ‘well-suited to drive change in health care, CEO says [Video]. The United States.
Hill, B. (2017). Confidence in beliefs and rational decision-making. SSRN Electronic Journal, 4(9), 29-31. Web.