ENTREP- CHAPTER 1 Flashcards

1
Q

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.

A

health care provision systems

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2
Q

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.

A

expanding

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3
Q

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.

A

systemic, organizational

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4
Q

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.

A

National nurses associations (NNAs)

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5
Q

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’
A

Entrepreneur

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6
Q

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”.
A

Nurse Entrepreneur

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7
Q

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.

A

social entrepreneur

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8
Q

Entrepreneurship and Intrapreneurship

Pinchot (1985) originated the term
______________ to describe people who use their creativity to make changes within an organization, while remaining employees.

A

Intrapreneurs

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9
Q

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.

A

Nurse Intrapreneur

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10
Q

Entrepreneurship and Intrapreneurship: Ventures

e.g. independent nurse practices; nurse-owned nursing homes and consultancy agencies.

A

Entrepreneurship ventures

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11
Q

Entrepreneurship and Intrapreneurship: Ventures

e.g. a nurse-led rehabilitation unit, emergency service, clinic or telephone consultation service

A

Intrapreneurship ventures

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12
Q

Entrepreneurship and Intrapreneurship:
The four major stakeholders involved in
nursing entrepreneurship

are demanding more individualized and
effective care

A

Consumers

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13
Q

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

A

Nurses

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14
Q

Entrepreneurship and Intrapreneurship:
The four major stakeholders involved in
nursing entrepreneurship

is demanding safe and more cost-effective health services

A

Society

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15
Q

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.

A

The NNA

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16
Q

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.

A

“nurse who practices independently”

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17
Q

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.

A

Florence Nightingale

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18
Q

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”.

A

International Council of Nurses

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19
Q

Distinguishing between entrepreneurship and advanced practice

In the 1980 Social Policy Statement,
“diagnosing and treating human responses to actual or
potential health problems”

A

American Nurses Association

20
Q

Distinguishing between entrepreneurship and advanced practice

Nurses constantly draw from a body of
____________ and ____________ unique to nursing as they function in any work
environment.

A

knowledge, skills

21
Q

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.

A

“independent practice” , “private practice”

22
Q

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.

A

Florence Nightingale

23
Q

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.

A

Lillian Wald in 1893 and
Mary Breckinridge in 1925 (ANA
1987)

24
Q

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).

A

During the 1800s and early 1900s

25
Q

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.

A

After World War Il

26
Q

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.

A

Proprietor

27
Q

Partnership and Proprietorship

Any firm must initially register in order to operate.

A

Proprietorship Registration

28
Q

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.
A

About Sole Proprietorship

29
Q

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.
A

Notable additionally are

30
Q

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.

A

Partnership

31
Q

Features of Partnership

is a connection of two or more people
that results from a contract or
agreement.

A

Partnership Agreement

32
Q

Features of Partnership

There must be at least two (2) people working toward the same objective in order for a partnership to materialize.

A

Two or More People

33
Q

Features of Partnership

The agreement between partners to share the profits and losses of a
commercial concern is another important aspect of a partnership.

A

Sharing of Profit

34
Q

Features of Partnership

It’s critical for a company to do some
type of business and to have a
profit-making objective.

A

Business Motive

35
Q

Features of Partnership

The partners act as both the owner and agent of their company.

A

Mutual Business

36
Q

Features of Partnership

Every participant in a _____________ is
subject to unlimited liability.

A

partnership

37
Q

Types of Partnerships

partnership consists of two or more proprietors. Each partner represents the firm with equal right.

A

General Partnership

38
Q

Types of Partnerships

often just contribute and receive a profit
share. They have no desire to be involved in management or
decision-making.

A

Limited Partnership

39
Q

Types of Partnerships

have limited liability. Each partner is protected from the financial and legal errors of the others.

A

Limited Liability Partnership

40
Q

Types of Partnerships

is when there is no mention of a
stipulation about the firm’s termination.

A

Partnership at Will

41
Q

Advantages of Partnership

An agreement to join as a partner and found a firm may be made orally or in writing.

A

Easy Formation

42
Q

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.

A

Large Resources

43
Q

Advantages of Partnership

The partners are free to make any modifications they
feel are necessary to achieve the intended outcome or alter the
situation.

A

Flexibility

44
Q

Advantages of Partnership

Each partner receives an equal share of any losses the company experiences.

A

Sharing Risk

45
Q

Advantages of Partnership

The advantage of the partnership
firm’s expertise, skill, experience, and talents of various partners.

A

Combination of various skills

46
Q

Advantages of Partnership
The advantage of the partnership
firm’s expertise, skill, experience, and talents of various partners.

A

Combination of various skills