ENTREP- CHAPTER 1 Flashcards
Introduction
Looking for more professionally satisfying and personally fulfilling ways to contribute to _________________, nurses are reclaiming their traditional right to independent practice in small but
growing numbers.
health care provision systems
Introduction
They are ____________ their clinical roles and offering a range of innovative services, with the focus primarily on health promotion, illness and accident prevention, chronic and palliative care, rehabilitation and support services, clinical specialty practice and management
consultancy.
expanding
Introduction
As with any _____________ or ______________ change, the reintroduction of nurse entrepreneurs requires careful preparation of the practitioners and the
field while at the same time creating the
necessary legal, socio-economic, professional and personal support structures.
systemic, organizational
Introduction
_________________________________ have an important role to play in the ongoing evolution of nurse entrepreneurship and a major responsibility to monitor and evaluate the results in terms of
patient outcomes and nurses’ sense of professional well-being.
National nurses associations (NNAs)
Entrepreneurship and Intrapreneurship
- from the French word “entreprende”, which means “to
undertake” - a person who assumes the responsibility and risk for
discovering or creating unique opportunities to use
personal talents, skills and energy, and who employs a
strategic planning process to transfer that opportunity into
a marketable service or product. - ‘one who shifts economic resources out of an area of lower and into an area of
higher productivity and greater yield’
Entrepreneur
Entrepreneurship and Intrapreneurship
- “A proprietor of a business that offers nursing services of a direct care, educational, research, administrative or
consultative nature. The self-employed nurse is directly accountable to the client, to whom, or on behalf of whom, nursing services are provided”.
Nurse Entrepreneur
Entrepreneurship and Intrapreneurship
has developed to describe those
individuals who apply the same enterprise and imagination to
social problems that commercial entrepreneurs apply to wealth
creation.
social entrepreneur
Entrepreneurship and Intrapreneurship
Pinchot (1985) originated the term
______________ to describe people who use their creativity to make changes within an organization, while remaining employees.
Intrapreneurs
Entrepreneurship and Intrapreneurship
is a salaried nurse who develops, promotes and delivers an innovative health/nursing programme or project within a given health care setting.
Nurse Intrapreneur
Entrepreneurship and Intrapreneurship: Ventures
e.g. independent nurse practices; nurse-owned nursing homes and consultancy agencies.
Entrepreneurship ventures
Entrepreneurship and Intrapreneurship: Ventures
e.g. a nurse-led rehabilitation unit, emergency service, clinic or telephone consultation service
Intrapreneurship ventures
Entrepreneurship and Intrapreneurship:
The four major stakeholders involved in
nursing entrepreneurship
are demanding more individualized and
effective care
Consumers
Entrepreneurship and Intrapreneurship:
The four major stakeholders involved in
nursing entrepreneurship
are demanding opportunities to practice the skills and apply the knowledge that will promote excellence in nursing care and provide job satisfaction
Nurses
Entrepreneurship and Intrapreneurship:
The four major stakeholders involved in
nursing entrepreneurship
is demanding safe and more cost-effective health services
Society
Entrepreneurship and Intrapreneurship:
The four major stakeholders involved in
nursing entrepreneurship
is lobbying for competent practitioners within an environment that will facilitate the provision of quality care, recognizing and rewarding nurses for their
crucial contributions to the well-being of the population.
The NNA
Distinguishing between entrepreneurship and advanced practice
A _______________________________ is
terminology that has several meanings, and those meanings may differ from country to country and region to region.
“nurse who practices independently”
Distinguishing between entrepreneurship and advanced practice
in 1859 to Virginia Henderson a century later, the nature and scope of nursing practice is separate from the medical
practice of physicians.
Florence Nightingale
Distinguishing between entrepreneurship and advanced practice
“nursing encompasses autonomous and collaborative care of individuals of all ages, families, groups and communities,
sick or well and in all settings”.
International Council of Nurses
Distinguishing between entrepreneurship and advanced practice
In the 1980 Social Policy Statement,
“diagnosing and treating human responses to actual or
potential health problems”
American Nurses Association
Distinguishing between entrepreneurship and advanced practice
Nurses constantly draw from a body of
____________ and ____________ unique to nursing as they function in any work
environment.
knowledge, skills
Distinguishing between entrepreneurship and advanced practice
The term ____________________ is
sometimes used interchangeably with the term _________________ to describe the model or framework through which services are provided.
“independent practice” , “private practice”
Historical roots of change and innovation in nursing
Her impact on nursing as a distinct profession, with a body of knowledge that could be taught, cannot be
underestimated. In addition, she was an early advocate of public health nursing and the collection of data for research
purposes.
Florence Nightingale
Historical roots of change and innovation in nursing
were examples of nurse innovators who created opportunities for nurses to
practice independently within an organized nurse-managed setting.
Lillian Wald in 1893 and
Mary Breckinridge in 1925 (ANA
1987)
Historical roots of change and innovation in nursing
Most nursing care was delivered by nurses to individual patients. Private duty practice was once the primary source of nursing employment (Flanagan 1993).
During the 1800s and early 1900s
Historical roots of change and innovation in nursing
progress made in bio-medical science facilitated the transition of hospitals into institutions where patients were treated, instead of where they went to die.
After World War Il
Partnership and Proprietorship
is an owner of any business establishment, regardless of the
type of business it is—be it a private nursing agency, bookstore, pizza place, or contracting business.
Proprietor
Partnership and Proprietorship
Any firm must initially register in order to operate.
Proprietorship Registration
Partnership and Proprietorship
- Any firm must initially register in order to operate.
- In contrast to an LLC (Limited Liability Company) or corporation, which must be registered with the state, a sole
proprietorship is a firm that is held by only one person. - A sole proprietorship can be formed by anyone, and frequently there is no paperwork needed.
- The proprietor is not separated from the enterprise. Legal ties exist between the two.
- A sole proprietor may be held liable for events that take place at their place of business.
About Sole Proprietorship
Partnership and Proprietorship
- The owner experiences any gains or losses that the company experiences.
- Whether they receive money or not, they must disclose their income on tax form “schedule C,” which must be
submitted along with a 1040. - The owner’s personal tax return includes the “bottom-line
amount.” - Owners must also submit a “Schedule SE” along with their 1040, which computes the amount of self-employment tax they must pay on a quarterly basis.
Notable additionally are
Partnership and Proprietorship
is a kind of business where a formal agreement between two or more people is made who agree to be the co-owners,
distribute responsibilities for running an organization and share the income or losses that the business generates.
Partnership
Features of Partnership
is a connection of two or more people
that results from a contract or
agreement.
Partnership Agreement
Features of Partnership
There must be at least two (2) people working toward the same objective in order for a partnership to materialize.
Two or More People
Features of Partnership
The agreement between partners to share the profits and losses of a
commercial concern is another important aspect of a partnership.
Sharing of Profit
Features of Partnership
It’s critical for a company to do some
type of business and to have a
profit-making objective.
Business Motive
Features of Partnership
The partners act as both the owner and agent of their company.
Mutual Business
Features of Partnership
Every participant in a _____________ is
subject to unlimited liability.
partnership
Types of Partnerships
partnership consists of two or more proprietors. Each partner represents the firm with equal right.
General Partnership
Types of Partnerships
often just contribute and receive a profit
share. They have no desire to be involved in management or
decision-making.
Limited Partnership
Types of Partnerships
have limited liability. Each partner is protected from the financial and legal errors of the others.
Limited Liability Partnership
Types of Partnerships
is when there is no mention of a
stipulation about the firm’s termination.
Partnership at Will
Advantages of Partnership
An agreement to join as a partner and found a firm may be made orally or in writing.
Easy Formation
Advantages of Partnership
Unlike a sole proprietorship, when each
contribution is made by a single individual, a partnership allows its
members to voluntarily provide the company with more capital and
resources as needed.
Large Resources
Advantages of Partnership
The partners are free to make any modifications they
feel are necessary to achieve the intended outcome or alter the
situation.
Flexibility
Advantages of Partnership
Each partner receives an equal share of any losses the company experiences.
Sharing Risk
Advantages of Partnership
The advantage of the partnership
firm’s expertise, skill, experience, and talents of various partners.
Combination of various skills
Advantages of Partnership
The advantage of the partnership
firm’s expertise, skill, experience, and talents of various partners.
Combination of various skills
