Nursing administrative strategies

1. By/ MahmoudShaqria‫محمود‬
‫شقريه‬ ‫محمد‬

2. Out lines:
 Introduction.
 Definition of entrepreneurship.
 Definition of entrepreneur.
 Importance of entrepreneur ship
 Traits of entrepreneur.
 Types of entrepreneurship.
 Styles of entrepreneur

3.  Process of entrepreneurship.
 Risk involved in entrepreneurship.
 Barriers to entrepreneurship.
 Application for entrepreneurship.

4. Introduction:
Entrepreneurship is defined as the establishment or
improvement of something, in order to generate benefits
to individuals and society.
This phenomenon has advanced in recent decades due to
economic transformations, technological innovations and
globalization.
In order to follow this new scenario, nurses should
recognize that even with multiple skills, they need to face
new challenges, in the sense of exploring opportunities
and seeing new areas of action.

5. Definition of entrepreneurship::
 “ is a systematic innovation, which consists in the
purposeful and organized search for changes, and it
is the systematic analysis of the opportunities such
changes might offer for economic and social
innovation.

6. Definition of entrepreneur:
 An entrepreneur can be defined as an individual who
organizes or operates a business or businesses, a person
who organizes and manages any enterprise, especially a
business, usually with considerable initiative and risk

7. Importance of entrepreneurship :
1. A Creation of job opportunities
Entrepreneurship firms contributed a large share of new jobs.
It provides entry-level jobs so necessary for training or
gaining experience for unskilled workers

8. 2. Innovation
Entrepreneurship is the incubator of the innovation.
Innovation creates disequilibria in the present state of
order.
It goes beyond discovery and does implementation and
commercialization, of innovations.

9. 3. Enhances standard of living
Standard of living is a concept built on increasing amount of
consumption of variety of goods and services over a
particular period by a household.
So it depends on availability of diversified products in the
market. Entrepreneurship provides enormous kinds
product of various natures by their innovation.

10. -Promotes research and development
Entrepreneurship is innovation and hence the innovated
ideas of goods and services have to be tested by
experimentation.
Therefore, entrepreneurship provides funds for research and
development with universities and research institutions

11. Traits of the successful entrepreneur:.
1. Disciplined
2. Confidence
3. Open Minded
4. Self Starter
5. Competitive
6. Creativity
8. Strong people skill
9. Passion
10. Strong work ethic

12. Types of entrepreneurship:
Producing
Many entrepreneurs make their money producing goods
and bringing them to market
Inventing
Some entrepreneurs produce novel items, creating new
inventions to introduce to the marketplace

13. Investing
Some entrepreneurs don’t make or sell anything directly
but instead make money only through investing.
Entrepreneurs who follow this path invest and manage
their own money, seeking to multiply their funds.

14. Modernizing
Some seek to make money by modernizing things already
in existence.

15. Connecting
Entrepreneurs with strong people skills and the ability to
organize can earn their cash simply through connecting
groups of individuals.
An entrepreneur who specializes in helping inventors find
potential manufacturers for the goods

16. Process of entrepreneurship:
 The entrepreneurship is a continuous process that needs
to be followed by an entrepreneur to plan and launch the
new ventures more efficiently

17. Discovery:
An entrepreneurial process begins with the idea generation,
wherein the entrepreneur identifies and evaluates the
business opportunities.
The identification and the evaluation of opportunities is a
difficult task; an entrepreneur seeks inputs from all the
persons including employees, consumers, channel
partners, technical people, etc. to reach to an optimum
business opportunity. Once the opportunity has been
decided upon,

18. Developing a Business Plan:
Once the opportunity is identified, an entrepreneur needs to
create a comprehensive business plan. A business plan is
critical to the success of any new venture since it acts as a
benchmark and the evaluation criteria to see if the
organization is moving towards its set goals.
An entrepreneur must dedicate his sufficient time towards its
creation, the major components of a business plan are
mission and vision statement, goals and objectives, capital
requirement, a description of products and services, etc.

19. Resourcing:
The third step in the entrepreneurial process is resourcing,
wherein the entrepreneur identifies the sources from
where the finance and the human resource can be
arranged. Here, the entrepreneur finds the investors for its
new venture and the personnel to carry out the business
activities.

20. Managing the organization:
Once the funds are raised and the employees are hired, the
next step is to initiate the business operations to achieve the
set goals. First of all, an entrepreneur must decide the
management structure or the hierarchy that is required to
solve the operational problems when they arise.

21. Harvesting:
The final step in the entrepreneurial process is harvesting
wherein, an entrepreneur decides on the future
prospects of the business, i.e. its growth and
development. Here, the actual growth is compared
against the planned growth and then the decision
regarding the stability or the expansion of business
operations is undertaken accordingly, by an
entrepreneur.

23. Risks involved in entrepreneurship
1. Market risk. Knowing your customer and why, how and
where they buy related products is arguably the most
important risk factor to assess before launching your
product. Research this thoroughly.

24. 2. Financial risk.
First-time entrepreneurs are fortunate to that enable
crowd funding to get money in the bank. In addition,
friends and family, angel investors are all fertile
sources of this necessary life blood.

25. . Team risk. There is no way that one person can
vanquish every risk. That’s why it’s important to have
a great team and a personal sounding board - a
mentor, confidante or even a startup incubator to help
prepare for each challenge. Your team is also great for
bouncing around ideas to build a product, bring it to
market and maintain successful growth.

26. 4. Execution risk
 Many entrepreneurs can become so mired in the
details that they completely lose sight of the overall
organization trajectory and strategy

27. Barriers to Entrepreneurship
* Economic: like capital, labor and raw material
*Non economic:-
- like social cultural (conformity, logic, social status)
-Traditional and practical values.
-Personal like sustained motivation, inability to dream
Impatience, lack of clear perception
-Difficulty to deal with ambiguity and emotional (fear of
failure).

28. Application for entrepreneurship:
Medical Technology:-
It is giving new lease of life for patient treatment, saves in
healthcare cost and contributes to sustainable healthcare.
Clinics and hospitals management of medical records,
patient admission and registration, clinic lab data
management etc. is getting simpler and saves time of
caregivers. The shift to mobile devices, wireless technology
and cloud computing also reduces system costs and
improves workflow.

29. 2. Electronic Health Records
With EHRs, information is available whenever and
wherever it is needed. It enhances privacy and
security of patient data. It reduces costs through
decreased paperwork, improves safety, and reduces
duplication of testing.

30. 3. Telemedicine:
It has offered an extremely effective solution to people by
providing access to a wide range of medical services New
communications technologies promise to safely and
securely provide clinical care from a distance. For
routine check-ups, a remote teleconference is a more
effective use of time for both the doctor and the patient

31. 5. Hospitals & Infrastructure:
The demand for specialty and tertiary care hospitals is high
in There is a wide gap between availability of hospital beds
and required beds in which has created a need for more
hospitals and infrastructure to serve the masses.
Entrepreneurs can invest healthcare industry by building
hospitals and much needed infrastructure in healthcare
sector.

32. Thank you…