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NURSING LEADERSHIP > CHAPTER 5 > Flashcards

CHAPTER 5 Flashcards

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1
Q

What is planning in nursing management?

A

continuous process of assessing and
establishing goals and objectives and implementing
and evaluating and controlling them.

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2
Q

What is the purpose of planning in nursing
management?

A

-to increase the chance of success by focusing on
results.
-to force analytic thinking
and evaluation of alternatives, therefore improving
decisions, and
-to orient people to action, instead of
reaction.

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3
Q

What are the types of plans in nursing
management?

A

strategic plan, operating plan, and continuous or rolling plan

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4
Q

What is the principle of planning in nursing management?

A

based on the vision, mission, philosophy, and clearly defined objectives of the organization, is
a continuous process, and should be pervasive within the entire organization covering the different departments, services, and the different levels of
management.

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5
Q

What are the characteristics of a good plan?

A

A well-developed plan should be precise, guided by
policies and procedures, indicate priorities, develop
flexible and realistic actions, include a logical
sequence of activities, utilize practical methods, and
pervade the whole organization.

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5
Q

What is the importance of a positive work environment in planning?

A

promotes good
working relationships and leads towards the
achievement of identified goals.

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6
Q

What is the importance of a time-bound plan?

A

ensures that the plan is
completed within a specific timeframe and helps to
keep the plan on track.

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6
Q

What are the elements of planning?

A

-forecasting the
future
-Setting the Vision, Mission, Philosophy, Goals and Objectives
-Developing a scheduling programs/projects/activities, set the time frame

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7
Q

What is the first element of planning according to
the provided text?

A

forecast the
future.

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7
Q

What is forecasting in the context of planning?

A

Forecasting is looking into the future and deciding in advance where the agency would like to be and what is to be done in order to get there.

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8
Q

What is the importance of documenting a plan?

A

Documenting a plan ensures proper dissemination
to all concerned for implementation and evaluation.

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8
Q

What is the fourth characteristic of a good plan
according to the provided text?

A

it should be realistic and focus on its expected outcome.

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8
Q

Forecasting is looking into the future and deciding in
advance where the agency would like to be and
what is to be done in order to get there.

A

vision statement

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9
Q

What is a mission statement?

A

A mission statement is a pre-established and often
self-imposed objective or purpose.

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10
Q

What is a philosophy statement?

A

statement of beliefs
and values that directs one’s practice, giving direction towards attainment of a certain goal.

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10
Q

What is an objective?

A

desired short-term
condition or achievement, with measurable end
result to be accomplished by specific terms or
individual with a time limit.

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11
Q

What is a goal?

A

desired aim or condition towards which
one is willing to work

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11
Q

What is the first principle of time management?

A

The first principle of time management is planning
for contingencies, which involves thinking of other
options.

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11
Q

What is multitasking?

A

Multitasking is when several tasks are done in less
time.

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12
Q

What is time management in the context of planning?

A

allocating of one’s time
through setting goals, assigning priorities,
identifying and eliminating wasted time, and using
managerial techniques.

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12
Q

What is nursing budget?

A

allocation of resources for
nursing programs and the delivery of patient care.

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12
Q

What is budgeting?

A

systematic financial translation of a
plan and a tool for planning, monitoring, and
controlling cost and meeting expenses.

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13
Q

What is a revenue budget?

A

the income the management
expects to generate during the planning period.

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13
Q

What is the purpose of a hospital budget?

A

to meet future
service expectations for clients and provide patient
care at minimum cost.

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14
What is an expense budget?
Expected activity in operational financial terms in a given period of time.
14
What is an expense budget?
expected activity in operational financial planning.
14
What is a budget?
The income the management expects to generate during the planning period.
14
What is a cash budget?
Money received, cash receipt and disbursement during the planning period.
15
What is a capital budget?
Program acquisition, disposal and improvements in the institutions physical capacity.
16
What is an operating budget?
A budget that portrays a company’s expenses, expected costs, and estimated income, considering the quarterly or the annual performance.
16
What is a cash budget used for?
Estimation of the cash flows of a business over a specific period of time.
17
What is a personnel budget?
A budget for nursing personnel that is based on quantitative workload measurements such as a patient acuity system.
17
What is included in an employee-related expenses budget?
Salary and bonuses.
17
What is a supplies and equipment budget?
A budget that includes expenses related to equipment and supplies.
17
What does a personnel budget include?
All employee-related expenses, including salary and bonuses.
18
What is equipment in a business often referred to as?
Tangible property.
19
What is the purpose of a capital budget?
To allocate money for the acquisition or maintenance of fixed assets such as land, buildings, and equipment.
20
What does a capital budget project?
The planned costs of major purchases and investments.
21
What is the first use of a budget?
Planning for the future.
22
What role does a budget serve in monitoring resource use and measuring a manager's performance?
An important role.
23
What must be in place for a budget to be an effective motivational tool for managers?
Some type of reward for those who exceed expectations in planning.
24
What is a nursing budget?
A nursing budget is a systematic plan that is an informed best estimate by nurse administrators of revenues and nursing expenses.
25
What are the three purposes of a nursing budget?
- to plan the objectives, programs, and activities of nursing services and the fiscal resources needed to accomplish them. -to motivate nursing workers through analysis of actual experience. -to serve as a standard to evaluate the performance of nurse administrators and managers and to increase awareness of costs.
26
What are the stages of budget formulation?
Formulation stage Review and Enactment Stage Execution Stage
27
What is the purpose of the review and enactment stage of budgeting?
to review and approve the budget before it is implemented.
28
What are the three steps involved in formulation stage?
Develop objectives and management plans, gather all financial, historical, and statistical data, and analyze data.
29
What are the six steps involved in the Review and Enactment Stage of budgeting?
Prepare unit budget, present unit budgets for approval, revise and combine into organizational budget, present to budget council, revise and present to governing board, revise and distribute to cost-centered manager.
30
What are the two steps involved in the Execution Stage of budgeting?
Direct and evaluate expenses and receipts, revise budget if indicated.
30
What are Fixed Costs?
costs or expenses that are not affected by any decrease or increase in the number of units produced or sold.
31
What are Variable Costs?
production costs that change in proportion to the amount of goods that are produced.
31
What are Sunk Costs?
fixed expenses that cannot be recovered even if a program is cancelled.
31
What are Direct Costs?
costs of providing the product or service and are often considered to be the most significant costs.
31
What are policies in healthcare?
standing plans used repeatedly, or guides or basic rules that govern action at all levels in the organization.
32
What are direct costs in healthcare?
costs of providing the product or service and are often considered to be those directly related to patient care, such as personnel costs and the variable cost of supplies.
32
What is the importance of developing a time table in a strategic plan?
helps to ensure that each objective is accomplished within a specified timeframe.
32
What are standards in healthcare?
Standards are the minimal level of achievement acceptable to meet the set objectives.
32
What are indirect costs in healthcare?
expenses that cannot be traced back to a single cost object or cost source during the manufacturing process.
33
What are procedures in healthcare?
specific guides to action.
33
33
What are the stages of planning in healthcare?
The stages of planning in healthcare are the development of the purpose or mission -vision statement, the creed or philosophy, goals, and objectives, and the assessment of strengths (opportunities and threats in achieving the goal.
33
What are the components of a strategic plan?
The components of a strategic plan include a vision statement, the creed or philosophy, goals, and objectives.
34
What is the purpose of assessing strengths in a strategic plan?
The purpose of assessing strengths is to identify opportunities and threats in achieving the goal and objective of the organization.
34
What is the first step in formulating a strategic plan?
The first step in formulating a strategic plan is to create a realistic and general statement of goals.
34
What is the next step after formulating goals in a strategic plan?
The next step is to identify strategies to achieve the specified goals.
35
What is the purpose of providing guidelines for developing operational and functional plans in a strategic plan?
The purpose of providing guidelines is to ensure that the operational and functional plans align with the overall strategic plan.
36
What is the final step in a strategic plan?
The final step is to put the plans into action and implement them.
36
Why is formative evaluation important in a strategic plan?
Formative evaluation provides reports before, during, and after the plan is implemented to ensure that it is on track and to make any necessary adjustments.

NURSING LEADERSHIP (2 decks)

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