...tend to follow multiple steps to achieve their goal is business. These processes include four distinct stages: (1) identify and evaluate the opportunity, (2) develop a business plan, (3) determine what resources are necessary, (4) managing the new business (Hisrich, Micheal, & Shepherd, 2005). It is these four stages that give the entrepreneur a better understanding of the organizational and financial feasibilities of the new business (Barringer & Ireland, 2010). It is the order of these stages, which allow the entrepreneur to determine the best course of action to ensure the success of the new business. This paper will cover the order of the stages and importance of the stages from an individual and corporate perspective. Identify and Evaluate the Opportunity The first stage in the entrepreneurial process is to identify and evaluate the business opportunity. There are four environmental trends: (1) economic, (2) social, (3) technological advances, and (4) political and regulatory changes (Barringer & Ireland, 2010). Understanding these trends is helpful in determining the location of the business and the technology appropriate for the area. First is to understand the economic and social trends in the market place. When the economy is at its best, people are more willing to spend more money to enhance their lifestyles. On the other hand, when the economy is down the people have a tendency...
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...and treatment, and the resources available to caregivers the life expectancy of humans has increased greatly. With this increase come several changes in the health care market, concern for resources, and challenges to meet the necessary needs of this growing population of elderly health care consumers. Between 1900 and 2000, life expectancy in the U.S increased from 51 to 80 years for women and from 48 to 72 years for men (Population Reference Bureau, 2002). By 2030, it is estimated that 70 million U.S citizens will be over age 65, and 8.5 million Americans will be over age 85 (National Center for Health Statistics, 1999). This increasing elderly population will have a growing need for health care services, a need for resources available for not only the elderly health care consumers but also for those that care for them. With the increasing life expectancy comes an increasing prevalence of chronic disease. It is estimated that by 2040, almost 160 million people in the U.S, most of them elderly, will be living with chronic conditions (Population Reference Bureau, 2002). Chronic conditions pose a threat to the patient in the sense that their daily lives and quality of life may be affected. When considering the health care market this could cause a serious increase in medical need and costs for health care. If more patients are requiring transition to a nursing home, hospitalization, and regular treatment there will be an increased need for resources such as reasonably affordable...
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...AND MANAGING YOUR FINANCIAL SITUATION Cancer and its treatment can leave a survivor with a need to review current and future financial goals. Events such as illness, disability, employment changes and investment disappointments can affect your personal and financial well-being. An assessment of your situation can help define your present financial status as well as prepare for future planning, saving, spending and dealing with financial emergencies. Preparation for changes and challenges to finances can contribute to increased financial security. ------------------------------------------------- Assessing and Managing Your Financial Situation: Detailed Information This information is meant to be a general introduction to this topic. The purpose is to provide a starting point for you to become more informed about important matters that may be affecting your life as a survivor and to provide ideas about steps you can take to learn more. This information is not intended nor should it be interpreted as providing professional medical, legal and financial advice. You should consult a trained professional for more information. Please read the Suggestions and Additional Resources documents for questions to ask and for more resources. Cancer and its treatment can leave a survivor with need to review current and future financial goals. Dealing with financial matters might seem overwhelming. However, an assessment of your current situation can help define your present financial status...
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...Access to health care is limited in the rural setting so it becomes imperative to educate the patient regarding their illness, treatments, management, medications and when to seek medical assistance. Providing this information to the patient and educating them, the patient is better able to self-manage their condition. Kouame (2010), identified the key challenges facing the rural population as: low population density, limited to no services, disproportionate numbers of elderly, low-income, and minorities, social isolation and a high incidents of chronic illnesses. Health promotion is defined as the process of enabling people to increase control over and improved their health. Improving health literacy is key in empowering the rural community...
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...Explain the factors to be considered when planning the recruitment of individuals to work in Health and Social Care: De Cenzo, D.A & Robins,S.P (2002), define recruitment as ‘’the process of discovering potential candidates for actual or anticipated organizational vacancies. Or from another viewpoint, it is a linking activity- bringing together those with jobs to fill and those seeking jobs’’. This means, recruitment is the process of searching for persons who possibly may be appropriate to fill vacancies and to persuade them to apply for the vacancies. There are so many factors to be measured to warrant that recruitment processes are valuable in attracting suitable candidates. Thus: The Employment Laws, The Job requirements, which are understood by carrying out a job/role analysis, the organization’s goals and strategies, to mention but a few. The Employment Laws: Health and Safety at Work Act(1974). In this area this act ensures the safety and welfare of all employees in any work activity by protecting other against risk to health and also the safety of any one who is affected by work activities. According to the Human Rights Act 1974; It is about identifying and acknowledging individuals, as well as group differences, treating people as individuals, and placing positive value on diversity in the community and in the workforce. Learners and professionals at St-Patrick’s care home will reflect this diversity around gender, race and...
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...Health and Social Care Management Question 1 1.1 Factors to be considered when planning the recruitment of individuals to work in health and social care According to Foot & Hook (1999), for the recruitment of the two vacant posts there are some factors to be considered such as planning recruitment policy, overall aim of recruitment, organizational objectives, personnel policies of the organization, government policies, need for the organization and confirm the vacancy, legislation for the post selection, recruitment cost and financial implications etc. Now the factors are described below: Defining requirements is the most important factor for recruiting a candidate. Sometimes there are some opportunities to replace an employee for fulfilling the company needs. So it should be justified and checked first. Requirement for the particular post should be set out in role profile form and person specification. A role profile where competence, skills, educational and experience requirements need to be provided to assess a candidate in a easier way in interview. Moreover, technical competencies, behavioural and attitudinal requirements, qualifications, training, experience, specific demands, manual handling competency, special requirements etc are need to be considered while recruiting the vacant posts in health and social care sector. Armstrong (2006) states that internal recruitment may be considered firstly but if the organization becomes failure in this method they have to...
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...following the end of World War II, between the years of 1946 and 1964 are just hitting the retirement age. We can expect to see our aging population grow and challenge our local health care facilities and the health care market in general over the next few years. Although the U.S. Census Bureau population estimates are not available for 2011 as of yet for our community, we can see on the quick facts chart below where we stood in 2010. People Quick Facts | Bullhead City, Arizona | Population, 2011 estimate | NA | Population, 2010 | 39,540 | Population, percent change, 2000 to 2010 | 17.1% | Population, 2000 | 33,769 | Persons under 5 years, percent, 2010 | 5.4% | Persons under 18 years, percent, 2010 | 19.6% | Persons 65 years and over, percent, 2010 | 23.9% | Female persons, percent, 2010 | 50.6% | (U.S. Census Bureau, 2012). As shown above, our small community grew by 17.1% over 10 years between 2000 and 2010. It is unknown how much that percentage could change between 2010 and 2020 based on the aging Baby Boomer population, but it is likely that it could double or even triple. Based on this information and that the cost of living is lower here than the national average our community is becoming a popular retirement destination. According to an article in Healthcare Financial...
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...combination of all activities developed in relation to the resources that permit households to cover their needs in order to continue surviving and developing. Various elements at different levels interact within these systems: * The context of vulnerability may reflect geographical factors, climate, history, demographics, and the social and economic situation. This context defines the risks that the population faces. * The resources or assets to which the family or individuals have access, control or possess and with which they carry out productive processes, participate in the labour market or use for exchange with other families or individuals. These can be classified in the following manner: * Natural capital: made up of natural resources such as land, water and other biological resources. * Physical capital: includes the goods that have been created through productive processes, for example infrastructure (roads, bridges) and machinery. * Human capital: the ability to work and the labour capacity of a family unit or individual. * Financial capital: the household’s access to money, which may be through savings or credit. * Social capital: attitude towards reciprocity within the community, between households or individuals, based on the confidence formed through social links. * Policies, institutions and organisations influence the access to necessary livelihood resources and affect production processes by creating conditional factors...
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...United States’ health system. The U.S. Census Bureau report noted approximately 49 million Americans did not have healthcare coverage in 2011. Moving forward, coverage options are expected to improve for some given the passage of the Patient Protection and Affordable Care Act in 2011. While the PPACA was originally expected to extend coverage to approximately 32 million uninsured through individual mandates, the creation of state health insurance exchanges with public subsidized coverage and expansion of Medicaid, the Supreme Court decision that Medicaid expansion is a state option will likely reduce the number of newly covered individuals. Even as healthcare reform decreases the number of uninsured and defines mandated benefits, the problem of access to affordable care will be exacerbated by limited community-based resources that provide preventive services, primary care access and ongoing care for patients with chronic conditions. In response, there will be a need to increase capacity to serve more patients, while improving outcomes, reducing health disparities and becoming more efficient—all within the context of significant challenges to receiving adequate payment levels. Healthcare executives are committed to facilitating in the effort to enroll individuals in emerging coverage options and expanding needed services to help ensure access to affordable care. However, fulfilling those commitments can strain resources and put some organizations in financial peril unless adequate...
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...and Quality Management Assessment: Hospice Care HCS/451 Hospice Care The only two things that are guaranteed in life are birth and death. It seems that every time I tell my husband that his drinking habits are going to be the death of him one day. He always responds by saying “We’ve all got to day someday in one way or another, so why not enjoy life while you have it”. But in some cases the choices that we make will often determine whether we live to see the age of 90 verses just the age of 40 or 50. Nevertheless, whether it is death by a life full of bad choice, by accident, or by the luxury of old age. My husband is absolutely correct in saying we all have to die one day and because of that fact hospice care is available. This will be an in depth description of the hospice organization as a whole. As well as the demographics of whom they serve and the types of resources and services the organization has to offer its clientele. This executive summary will also including a summary of the risk management and quality management operatives that are associated with hospice organizations as a whole. Hospice Description The hospice program was pioneered in England back in the early 1970’s. It was a program established to assist patients and their families with end-of-life care. A hospice care team is comprised of nursing assistants, licensed vocational nurses, registered nurses, social workers, pastoral counselors, and many other health professionals. All of whom are under the...
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...on how health issues are different in these countries and some of the economic ramifications. Explanation of Key Term According to Satterlee (2009), a developed nation is a nation that has great wealth and resources, as well as the knowledge to properly manage its resources to take care of the well-being of its people (p. 87). The per capita of a developed country is typically higher than less developed countries. This notion, along with other economic issues, has been used to classify countries as developed by the World Bank, the International Monetary Fund, and the United Nations. These organizations have also classified whether a country is considering developing. There are several key differences between all three that one will need to delve into much more. Major Article Summary The article I chose to focus on the most was about the oral health care systems in both developing and developed countries. Kandelman and others wrote (2012), while it is known that there are marked differences in structure and scope of health systems between countries across the world, the common purpose is improving health. The factors that account for such differences are influenced in part by the economic and human resources available (para 3). This shows that there are many economic and social issues when it comes to health care. There must be a balance between the function of the health staff and the economic overflow that comes with the services. When it comes to oral health, the main...
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...having adequate health coverage as well. However, federally funded programs such as Medicare, Medicaid and, the Children’s Health Insurance Program insure the majority of the elderly and children. The age of the uninsured expands across the age spectrum. The ethnicity, age and gender of the average uninsured adult are the Hispanic male, 19 to 25 years of age. Minorities tend to make up the vast majority of the uninsured. Hispanics account for 32% of the uninsured in America. American Indians 30%, African Americans 22%, and Caucasians 14%, make up the remainder of the uninsured population (Kaiser Family Foundation, 2011). The average educational level is high school diploma or GED. The lack of higher education puts this group at risk for not being able to qualify for higher paying jobs that would give them the opportunity to afford health care coverage. The average income of the uninsured population is approximately $30,000 to $35,000 per year (Kaiser Family Foundation, 2011). In the uninsured population there are two additional groups. This group is the uninsured young adult who is not eligible for continued health coverage on their parents’ health plan and the older working adult who cannot afford health care premiums. This adult population usually does not qualify for federally funded health care programs such as Medicare and Medicaid. These risk factors identify the uninsured population as vulnerable with many challenges to overcome in their health care. The uninsured...
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...nursing leadership and or management (any of the topics reviewed in the course can be used). Critically evaluate the current impact of the topic upon nursing practice and the evolving health care system. Include recommendations for the future of nursing and nursing leaders. The paper is to be eight to ten (8-10) typed pages excluding the reference page and the title page. Use APA format including title page, introduction, conclusion, etc. The paper must be well-written using correct spelling, grammar, and sentence structure. Grading Criteria | Points | Current literature/research on the topic (minimum of five; at least 2 outside nursing, one of which must be from business) | 5 points | Evaluation of the impact of this issue on nursing leadership practice and health care system | 20 points | Recommendation for the future of the nursing profession | 30 points | Provide an exemplar of a nursing leader implementing the recommendations discussed in criterion c above. | 30 points | Scholarly writing | 15 points | TOTAL | 100 points | Stress and Time Management By: Annette Hall St. Joseph’s College of Maine NU506: Nursing Leadership Instructor: Jayne Rogers July 9, 2012 Abstract Managing stress and time in our lives and careers is important to our health and well- being. Nurses in particular have an unusually high stress level. Nurses and nurse managers alike must use stress and time management strategies to decrease burnout and fatigue...
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...company, the CEO advises the board of directors, motivates employees, and drives change within the organization. As a CEO presides over the organization's day-to-day operations. The term refers to the person who takes all the decisions regarding the upliftment of the company, which includes all sectors and fields of the business like operations, marketing, business Development, finance, Human resources, etc. 2. Chiefs Human Resources Officer (CHRO) – 2 Person (Internal and External) * Top CHRO concerns fall roughly into three broad categories: talent, capabilities and culture. i. Talent * Talent management includes building the quality and depth of talent, including a focus on succession and leadership or employee development. ii. Capabilities * Managing corporate capabilities includes dealing with rapid changes in technology, globalization, and the increasingly complex external context of government regulations and public policy (impacting union and employee relations, executive compensation, health care, retirement programs, health and safety, etc.). * The key capabilities required will vary by company based on business strategy and the competitive global environment. Adapting to new technologies and sources of information and communications are essential to success for all companies. Other capabilities the HR function must help the company develop include:...
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...organization’s financial assets and intangibles, such as reputation and standing in the community. The risk management plan is a primary tool for implementing the organization’s overall risk management program. It is designed to provide guidance and structure for the organization’s clinical and business services that drive quality patient care while fostering a safe environment. The focus of the risk management plan is to provide an ongoing, comprehensive, and systematic approach to reducing risk exposures. Risk management activities include identifying, investigating, analyzing, and evaluating risks, followed by selecting and implementing the most appropriate methods for correcting, reducing, managing, transferring and/or eliminating them. Scope (When) Under the direction of the risk manager, the risk management program provides for collaboration among all departments, services, and patient care professionals within the organization. The risk management program provides policies, procedures and protocols to address events which may create business-related liability, professional liability, general liability, workers compensation, and motor vehicle liability exposures. The identification, investigation and management of accidents, injuries and other potentially compensable events are a primary responsibility under the risk management plan. This process is directed by the risk manager and others who are delegated to participate in the various components of managing adverse events...
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