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Leading Strategic Change At DaVita - Essay Example

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This research is being carried out to evaluate and present leading strategic change at DaVita, a public company trading at the New York stock exchange under the sign DVA. …
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Leading Strategic Change At DaVita
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Download file to see previous pages It is evidently clear from the discussion that the turnaround in the fortunes of DaVita is attributable to managerial changes incorporated by the company 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 graduate of Harvard in MBA. In October 1999, a time when Kent Thiry took over as C.E.O for Total Rental Care the company was collapsing. Basically, Total Renal Care could not honor its loan obligations, was already paying the charge to its creditors, its leverage had shot up due to the many acquisitions and most vividly the company was on the brink of bankruptcy. Additionally, its stock 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 company 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 ensure 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 CEO and the executive were significant in streamlining the company’s payroll decisions, operating philosophy and other vital legislation that the company wanted to instill. Adoption and recognition of centers aimed at giving attention to their market with a view to making them feel appreciated and cared for. ...Download file to see next pagesRead More
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