scholarly journals Administration: Nursing Entrepreneurship: Instilling Business Acumen into Nursing Healthcare Leadership

2003 ◽  
Vol 16 (3) ◽  
pp. 40-42 ◽  
Author(s):  
Marcy Saxe-Braithwaite
2016 ◽  
Vol 38 (1) ◽  
pp. 48-68
Author(s):  
Jason Krupar

John P. Parker played a prominent role in the Underground Railroad network that operated in southwest Ohio. Additionally, Parker held three known patents and displayed his products at regional/national industrial expositions. Parker’s engineering skills and business acumen, however, have largely been overlooked. A coalition comprised of faculty and students from the University of Cincinnati, members of the John P. Parker Historical Society, and corporate donors formed in 2006 to preserve the industrial legacy of this African American entrepreneur. This project demonstrates some of the benefits and pitfalls of such complicated undertakings.


2017 ◽  
Vol 27 (2) ◽  
pp. 24-27 ◽  
Author(s):  
Judith Smith ◽  
Jennifer Gosling

2021 ◽  
pp. 251512742199252
Author(s):  
Robert A. Boyle ◽  
Jerome A. Katz ◽  
Patricia G. Bagsby

For entrepreneurs, being offered a distribution deal by Walmart seems like a dream come true. After all, what better way to have a new product quickly appear in thousands of stores all around the United States or maybe even all around the world? This dream became a reality for Marty, the creator of Tiny Sips—a simple, wholesome children’s beverage made from Montana spring water and all-natural ingredients. As the details and conditions related to the distribution deal became apparent, however, Marty soon understood that doing business at that level requires sophisticated entrepreneurial savvy and a great deal of capital. The joy of possibly selling Tiny Sips everywhere suddenly became eclipsed by questions about how to raise enough cash to scale quickly while simultaneously minimizing risk. Marty needed to employ the business acumen necessary to slow down, consider the pros and cons, and make the best decision for his company. The educational focus of this case involves weighing the entrepreneurial risks and rewards of pursuing a deal with a large retailer like Walmart. While this type of opportunity may seem exciting at first glance, a variety of factors must be considered in order to find a thoughtful and sensible path forward.


Author(s):  
Elizabeth L. Shoenfelt

Mastering the Job Market: Career Issues for Master’s Level Industrial-Organizational Psychologists is the definitive source for practical advice and data-based recommendations addressing key issues leading to successful careers as industrial-organizational (I-O) master’s practitioners. Both the U.S. Bureau of Labor Statistics and the American Psychological Association have reported a bright outlook for I-O master’s graduates. The increased interest in and growth of I-O master’s programs and graduates are attributed to higher visibility in the workplace, readily obtained jobs, interesting work, and great pay. A large nationwide survey of I-O master’s practitioners and their employers lays the foundation for the data-based recommendations throughout the book. Authors from top-ranked I-O master’s programs address topics such as the job search, applying for jobs, on-boarding, organizational roles, salaries, career transitions, and maintaining professionalism throughout one’s career. Critical insights into the nuts and bolts of conducting a job search and other specific strategies are provided to enable job seekers to land one or multiple job offers within six months of graduation. Competencies identified as essential for success as an I-O practitioner include core I-O knowledge and skills, as well as enabling competencies such as oral communication, business acumen, consulting skills, project management, ethics, and technical writing. Mentoring is discussed, and three best practices are recommended for maximizing mentoring relationships. Recommendations are made for professional development opportunities for I-O master’s graduates to increase their knowledge and skills and to advance their careers. Graduates overwhelmingly perceive their I-O master’s degree to be valuable for their career success.


2018 ◽  
Vol 32 (04) ◽  
pp. 166-171 ◽  
Author(s):  
Bradley Eisemann ◽  
Ryan Wagner ◽  
Edward Reece

AbstractDespite incredible advances in medical innovation and education, many students finish medical school, and physicians finish residency, without sound business acumen regarding the financial realities of the modern profession. The curriculum in medical schools and residency programs too often neglects teaching the business of medicine. This overview addresses how physicians can utilize effective negotiation strategies to help develop a medical practice or add value to an existing practice or institution. The authors applied the six foundations of effective negotiating, detailed by Richard Shell in his Bargaining for Advantage, to the medical field to demonstrate the processes involved in effective negotiating. They then outlined a strategy for physicians to adopt when negotiating and showed how this strategy can be used to add value. The six foundations include: developing a personal bargaining style, setting realistic goals, determining authoritative standards, establishing relationships, exploring the other party's interests, and gaining leverage. As physicians complete training, the ability to solely focus on medical knowledge and clinical patient care disappears. It is crucial that physicians invest the time and energy into preparing for the business aspects of this profession in much the same way they prepare for the clinical care of patients. This overview seeks to define the basics of negotiation, characterize the application of negotiation principles toward clinical medicine, and lay the foundation for further discussion and investigation.


Author(s):  
Nathan Boardman ◽  
Jack Munro-Berry ◽  
Judy McKimm

Research carried out in 2016 by the authors investigated the challenges that doctors in training experience around leadership and followership in the NHS. The study explored contemporary healthcare leadership culture and the role of followership from the perspective of early career doctors. It found that the leadership and followership challenges for these doctors in training were associated with issues of social and professional identity, communication, the medical hierarchy, and relationships with senior colleagues (support and trust). These challenges were exacerbated by the busy and turbulent clinical environment in which they worked. To cope with various clinical situations and forms of leadership, doctors in training engage in a range of different followership behaviours and strategies. The study raised implications for medical education and training and suggested that followership should be included as part of formal training in communication and team working skills. The importance of both leadership and followership in the delivery of safe and effective patient care has been brought sharply into focus by the COVID-19 pandemic. This article revisits these challenges in light of the pandemic and its impact on the experiences of doctors in training.


Fontanus ◽  
2013 ◽  
Vol 13 ◽  
Author(s):  
William Fong

J.W. McConnell (1877–1963) was one of the most successful Canadian businessmen of his time, and possibly the richest man in Canada for much of his life. A promoter of stocks early in his career, he soon became a major industrialist and investor. He was president of St. Lawrence Sugar Refineries Limited for almost fifty years and publisher of the Montreal Daily Star and other newspapers for almost twenty-five. Among the companies of which he was a major shareholder were the International Nickel Company of Canada, Brazilian Traction, Montreal Tramways, Montreal Light, Heat and Power, Ogilvie Flour Mills, Canada Steamship Lines, and Borden. His reputation spread to Wall Street and the City of London, not only for his business acumen but also for his great generosity to medical and educational causes. He was one of the principal founders of the Montreal Neurological Institute. From 1909 to 1927, he was one of the most effective fundraisers in the country, for the YMCA, the war effort through Victory Loans, and the hospitals of Montreal. And for the remainder of his life he was the most generous contributor to good causes in Montreal if not in Canada as a whole.With Lord Strathcona and Sir William Macdonald, he became one of the three greatest benefactors of McGill. After the death of Sir Edward Beatty, the Chancellor of the university, in 1943, McConnell was a natural candidate to succeed him. The board of governors, who were responsible for choosing a new Chancellor, were nearly all businessmen like him, and his assumption of the post would have been indeed in the tradition of James Ferrier, Strathcona, Macdonald and Beatty. But McConnell did not become Chancellor, and this is the story of why he did not. In abbreviated form, this was published in chapter 17 of the author’s biography of McConnell in 2008. This article however presents considerably more detail.ResuméJ.W. McConnell (1877–1963) fut un des hommes d’affaires les plus prospères de son époque, et possiblement un des hommes les plus riches du Canada pour la plus grande partie de sa vie. Promoteur d’actions au début de sa carrière, il devint rapidement un industriel et un investisseur d’importance. Il fut président de la compagnie St. Lawrence Sugar Refineries Limited pendant presque cinquante ans, et éditeur du Montreal Daily Star et de divers autres journaux pendant presque vingt-cinq ans. Il fut un actionnaire important de plusieurs compagnies, notamment International Nickel Company of Canada, Brazilian Traction, Montreal Tramways, Montreal Light, Heat and Power, Ogilvie Flour Mills, Canada Steamship Lines, et Borden. Sa réputation se progagea jusqu’à Wall Street et Londres, non seulement pour sa perspicacité en affaires mais aussi pour sa grande générosité envers les bonnes causes dans les domaines de la medecine et de l’éducation. Il fut un des fondateurs principaux de l’Institut neurologique de Montréal. De 1909 à 1927, il fut un collecteur de fonds les plus efficaces au Canada, au profit de l’organisme YMCA, de l’effort de guerre par le biais du programme des Prêts de la victoire, et des hôpitaux montréalais. Il demeura pour le reste de sa vie un fort généreux contributeur aux bonnes causes à Montréal, sinon au Canada tout entierAvec Lord Strathcona et Sir William Macdonald, il devint une des trois plus grands bienfaiteurs de l’Université McGill. Après la mort de Sir Edward Beatty, le chancelier de l’Université, en 1942, McConnell fut un candidat tout désigné pour lui succéder. Les membres du Conseil des gouverneurs, qui avaient la responsabilité de choisir un nouveau chancelier, étaient presque tous des hommes d’affaire comme lui, et il aurait été dans la tradition de James Ferrier, Strathcona, Macdonald et Beatty que McConnell accède à ce poste. Toutefois, McConnell ne devint pas chancelier, et ceci est l’histoire qui raconte pourquoi il ne l’est pas devenu. Elle a été publiée sous la forme du chapitre 17 de la biographie de McConnell. Cet article, toutefois, présente considérablement plus de détails.


2018 ◽  
Author(s):  
Nadine Abbas ◽  
Utkarsh Ojha

UNSTRUCTURED “Not Just a Medical Student” is an innovative bite-size medical education video series founded and hosted on social media. Its primary aim is to inspire tomorrow’s doctors to be creative while engaging and informing them with the latest innovations, technology, and conferences within various specialties. To our knowledge, these themes are scarcely covered in the structured medical curriculum. Created and launched in August 2017, “Not Just a Medical Student” quickly gained traction; with over 1000 followers on Facebook and a rapidly increasing number of views, it reached the medical community across the globe. The video series features a trailblazer in virtual reality surgery and its potential impact on the evolution of medical education, reviewing future medical technology apps, such as Touch Surgery, and reporting on the latest medical education and health apps. The series engaged in topical medico-politics at the British Medical Association House and reported on global health issues and innovations at the Royal Society of Medicine Conference. The video series has further received several national awards including the Association and Study of Medical Education (ASME) Educator Innovator 2017 award, runner up to the Zeshan Qureshi Outstanding Contribution to Medical Education Award, and the Alternative Docs National Social Media Influencer award. The concept has been presented at international conferences (eg, the Healthcare Leadership Academy conference) and gained international recognition upon personal invitation at the Norwegian Annual Junior Doctors Conference. With the rise of the social media generation, innovative methods to inspire, engage, and inform students contributing to the continuous evolution of medical education should be encouraged and further explored.


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