Introduction
To be a successful entrepreneur, there are steps that one must follow when starting a new enterprise. These steps are termed as the process of entrepreneurial which is the systematic method of preparation of an enterprise that consists of four steps. The four steps are fundamental to the success of an entrepreneur venture. The four entrepreneurial processes includes discovering, assessing and opportunity, developing a business plan, establishing resource needs, and managing the resulting enterprise (Barringer & Ireland, 2010). Each individual step is vital for the start of an entrepreneur venture and for an entrepreneur to achieve their entrepreneurial goals. This paper will discuss the four steps of the entrepreneurial process,
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Having a plan in place can lift weight off of an individual shoulders and guide them through the process. The four steps of the entrepreneurial process encompass all the tasks, actions associated with creating a business strategy. The four steps of the entrepreneurial process is first identification and evaluation of the opportunity, development of the business plan, determination of the required resources and finally management of the resulting enterprise. The first step of the entrepreneurial process is to Identify and Evaluate the Opportunity. The first step is the most difficult step, but the most important one. This step is rated as number one in being the most important process. This is because you have to take time to seek out an opportunity. Most opportunities don’t come over night, it takes time to seek and recognize a business opportunity. The opportunity has to meet the goals of the entrepreneur. The entrepreneur needs to put fort the effort to grasp the opportunity to succeed in developing his or her business. The second step is developing a business plan. With this step, the entrepreneur has to be very careful when getting ideas and responses from other people such as …show more content…
The community, providers and health organizations work together with entrepreneurs to change health care delivery and improve quality care and outcomes regardless of existing constraints brought about through policy, regulation, innovation, and increasing technological demand. Quality in healthcare is the continuing effort to reach and maintain necessary goals and requirements in order to meet standards of care provided by the healthcare facility. Quality in health care leads to accreditation, performance improvement, and high quality evaluation reports that greatly benefit the healthcare institution as a whole. The entrepreneurship process has influenced the delivery of health care services and products. (Feigenbaum,
Quality care, safe practices and principles, and accountability constitute the foundation of any health care organization (Huber, 2014). Addressing patient safety issues and improving health care quality may include reorganizing operations to improve efficiency, coordinating care with interdisciplinary team members, and using information technologies (Wang, Cha, Sebek, McCullough, Parsons, Singer, & Shih, 2014). In this paper, I will review my organization’s quality program goals, objectives, and management structure, how quality improvement (QI) projects are selected, managed, and monitored, and how nursing staff are trained and supported in
As a leader in health care, the leadership should encourage and inspire their staff, become involved and engages, and constantly push quality improvement. Supporters of the quality advantage and quality improvement ought to be within the healthcare organization, teams, and leadership roles. It’s also important to incorporate safety and enhancement that rewards for improvement and pushes to enhance quality. Quality improvement teams should include the most suitable shareholders. Multidisciplinary teams, tactics, and plans should be developed because these are very crucial to quality improvement. Leaders should use clear and precise representations, examples, and terminology when communicating with others. Evidence- based practice can also
Quality improvement initiatives are effective only when the organizational structure and culture are aligned with a similar vision for the provision of quality care delivery and a commitment to continuous improvement. Organizations must take an active approach to measure, assess, and improve processes creating an environment supporting quality improvement initiatives (Spath, 2014). The creation of this type of environment should be evident from the top tier of leadership to the front-line employees, creating a culture supporting the delivery and sustainability of quality care. The following paragraphs will identify and discuss the authority structure of the quality improvement plan including the roles and responsibilities of the members involved in the plan implementation. Additional discussion will include the roles of communication, education, and evaluation of the quality improvement plan. Finally, identification and discussion of the impact external entities have on the project and the strategies needed to overcome potential challenges to the project implementation.
Managers, clinicians, nurses, and doctors in hospitals are continuously confronted by new technologies and methods that require changes to working practice. Quality systems can help to manage change while maintaining a high quality of care. The quality of care is the measurement of how a hospital operates and how satisfied its patients are with the care they are receiving there. Today, post ACA implementation all hospitals depend on the quality of care. Hospitals may face penalties if they are struggling with the quality of health care delivery.
Healthcare around the world is constantly changing and improvement in quality of care is pursued. Quality assurance is vital to healthcare. According to the American Society for Quality [ASQ], quality assurance is “the planned and systematic activities implemented in a quality system so that quality requirements for a product or service will be fulfilled” (n.d). In other words, once an issue in a system is identified, quality assurance involves the implementation of activities to fix the issue and meet the required standards. The short video “Quality improvement and healthcare reform: Patient experience with David Feinberg” depicts the journey of a UCLA hospital in identifying issues in its health
Varkey, P., Reller, M., & Resar, R. (2007). Basics of quality improvement in health care. Mayo Clinic Proceedings, 82(6), 735-739.
Evaluating dimensions of quality in healthcare All sectors of society such as providers, payers, individuals, and employers should work together to improve the health care quality and establish policies and procedures to adopt the following three NQS aims: • Delivering medical care that is patient centered, accessible, reliable and safe • Improving overall health of U.S population through intervening and implementing policies related to social, behavioral and environmental determinants of health • Improving access to affordable care to U.S population by reducing cost of quality health care (About the National Quality Strategy, 2017) National Quality Strategy focuses on following six priorities to advance the above three aims: • Ensure safer health care by decreasing harm caused during the delivery of care • Encourage personal and family engagement by being partners in health care • Facilitate effective coordination and communication of health
Competitive advantage matters greatly to those responsible for the management of healthcare institutions. Together with rapidly escalating healthcare costs, increasingly complex medical technologies, and growing regulatory and legal pressures, healthcare organizations face a critical need to improve the quality of care at reduced costs (Cu...
...rld, there is a crucial focus on improving health care quality, as cost of care has careened out of control, and much of the globe has little access or poor quality of care. The three studies above indicate that quality improvement systems formally used in manufacturing and product settings can be applicable in service settings, specifically health care. Six Sigma, Lean Thinking, and Benchmarking have all achieved success in various health care settings, and these processes should continue to be developed as quality management grows in importance in the health care industry. Quality, access, and cost of health care can all be effectively improved with proper systems, but most importantly, it will take providers, patients and families, administrators, payers, researchers, and educators to all participate and collaborate to truly improve today’s health care system.
Entrepreneurship incorporates unconstrained imagination and a readiness to settle on choices without strong information. The entrepreneur may be driven by a need to make something new or assemble something unmistakable. As new ventures have low achievement rates, the business person should have impressive tirelessness. Because of this, the entrepreneur may have the best risk of achievement by concentrating on a business sector corner either too little or too new to have been commanded by built up organizations.
The success of a business is greatly dependent on its entrepreneur. An entrepreneur is someone who takes the financial risk of starting and managing a new business venture. In order to be a successful entrepreneur, one must be ready to take a risk and invest one’s own savings into a business. The job requires that the individual be ambitious and committed to working hard in order to achieve the set targets. A successful entrepreneur is able to multi-task and communicates effectively with people, possessing leadership qualities such as confidence and motivation. The individual must play the role of constant motivator and inspire employees to improve their work performance, whilst ensuring a comfortable environment for the employees to work in. According to Schumpeter (1982), an entrepreneur is more of a ‘heroic’ than an ‘economic’ figure; his motivation should not solely be monetary, rather stemming more from inspiration and ambition.
William, R. (2009, August). Improving quality and value in the u.s. health care system. Retrieved from http://www.brookings.edu/research/reports/2009/08/21-bpc-qualityreport
The four steps that lead managers and the firm through the strategic planning process are first defining the company’s mission, then setting objectives and goals, next designing a business portfolio and lastly developing functional plans. The first step involves focusing on consumers’ needs and wants. Setting forth a market oriented mission that organizations want to reach based on consumers of the environment. After finding the mission, organizations then proceed to put together supportive objectives for every level of management to help achieve its mission. Next the company has to design a business portfolio evaluating all of its current business and future business by coming up with
1. WHY? Develop your "why". As an entrepreneur, not all times you have in business will be perfect. In fact, there will be many, many difficulties along the way. However, if you can develop your why, you can achieve success. Your why must be this personal, passionate, emotional drive that keeps you going, when the world tells you to give up. It is the reason you commit and work so hard. Pushing on when it seems all the odds and world is against you. Your "why" becomes your driving will to wake up and do it again tomorrow.
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.