ASSESSMENT: 1 MANAGING ENTERPRISE IN THE HEALTH CARE SECTOR
A) A real entrepreneur can take an idea and that can be change in to a service or product according to the needs of certain population. Because of this characteristic economists said that “entrepreneurship is becoming an important agent in the growth and wellbeing of the society”.an entrepreneur is motivated by family or society. They offer new completion and also promotes improved productivity. They can recognize and resolves social problems on a large scale. To create social value entrepreneurs act as a change agent for the society like designing and distributing new approaches. Entrepreneur react very quickly and effectively to the change so that they can take the advantage of opportunities. If they can’t capable of quick action it will be result on their process and success. Social entrepreneurs are stepping to solve the problems. Difference between entrepreneurs and business people are entrepreneurs create needs and business people satisfy with needs. An alternate advantage thought this is less apparent is that those Change Agents who are well dealt with consequently emerge as a model of behavior to be trailed by whatever is left of the gathering entrepreneurships are the individual with an exceptional mind-set in order to maximize profit. Therefore their approaches are closely secured to be success. They grab the opportunities that no one noticed ever (Abu-Saifan, 2012). For
Well to me it depends on the mind-set of an individual, his/her innate abilities and capabilities. I myself broadly classify entrepreneurs into two types, The Inventors (those who with their discrete and genius intellect pioneer goods and services that never existed) and the Innovators (take existing idea and innovate it with their brilliance). It is the category that defines the set of skills, traits and characteristics suited to that entrepreneur. For example the first type of entrepreneurs i.e. Inventors are revolutionary blended with growth orientation. They want to revolutionize the market or industry and grow at some rate so that their product becomes a necessity e.g. Thomas Edison, While on the other hand
What do entrepreneurs do that distinguishes them from any other person involved in business? Why is it that personality characteristics may be good predictors of who will be a successful entrepreneur?
Healthcare in the United States is big business. Analyzing the principles of business organization as found in the healthcare environment requires several avenues to be investigated.
The healthcare industry is an increasingly complex and dynamic environment. It is reported that the industry faces many criticisms because of the lack of mechanisms to achieve explicit goals (Preker et al 1341). Many healthcare organizations have already shut down as they did not establish clear strategies that will address the problems and create opportunities to succeed. Because of this, different healthcare organizations should know how to strategically plan to deliver exceptional medical care to patients. Strategically managing an organization will help to implement new goals, and set priorities. It can also
Olden, P. (2011). Management of healthcare organizations: An introduction (Second ed., Vol. 2, p. 329). Chicago, Illionis: Health Administration Press.
Social entrepreneurship which has been applied in so many different ways by so many different analysts that it’s depth of vast complexity is still being unraveled and it seems it is still in infancy. It is a multi-interpretable concept and although the use of the term is widespread its use is either overrated or misused. Hence, it is important to firstly understand what social entrepreneurship really is.
The program does indeed comply with the overall mission of the hospital. As the case indicates population increases along with lack of overall resources creates a compelling argument for the cardiovascular service. For one, the age of 45-64 year old individuals within the community is increasing dramatically, which warrants the need for a more profound program. In addition, patients are often travelling many miles for treatment of many, more common cardiovascular programs. As such the overall program does comply with the hospitals mission of providing the best available care to the county and surrounding territories. The addition of the cardiology care center has implications for both the hospital and surrounding areas in which it operates. For one the program provides a continuity of services to the general public. This is important as medical and nursing staff's helping patients are constant throughout the treatment cycle. This ultimately minimizes patient transfers which enhances the overall quality of care to those within the hospital. As such, this program does align with the overall strategy and mission of the hospital, as it relates to patient care and treatment. In addition, the hospital would like to grow and be recognized nationally as a premier institution. Much like many of the other competing firms in the county, this hospital aims to be the best patient care provider in the county
The second person awakes at 7:30 am. Showers attempts to get their clothes ready and dashes out the door at 8:15 am hoping to make it work on time. This person doesn’t care, or find it relevant as to how their running late effects another. This is a clear example of the entrepreneur and the social entrepreneur.
On the other hand, entrepreneurs are talented and risk-taking opportunity seekers who are committed to find creative and innovative solutions to challenging problems, making best use of the resources and talents at their disposal, thereby creating value for the society and wealth for himself. Social entrepreneurs are those counterparts of business entrepreneurs, who work on problems having societal relevance. Apart from possessing entrepreneurial traits like ambition,
An entrepreneur is someone who starts a new company to produce a product or service. An entrepreneur is usually a risk taker and an opportunist. Entrepreneurship is a positive change in our society. Entrepreneurship is combined with land, labour, resources and capital in order to make a profit.
Social Entrepreneurship is defined by Marcel N. Kwedi, the author of the book, with the new view of General Theory of Social Entrepreneurship. This theory states that social entrepreneurship is any business activity that uses strategies that are innovative and sustainable to construct and come up with new products which can fill up the unsatisfied needs of the society most especially the masses. But in the book in clearly states that Social Entrepreneurship is not about charity. It focuses on making the society a just one. It firmly confirms that a Social Enterprise can maximize profits at the same time maximizing the betterment of the society.
The term “social entrepreneurship” first appeared in the scholarly literature over 35 years ago in a publication titled The Sociology of Social Movements (Banks,1972). However, Social entrepreneurship has its origins in the eighteenth and nineteenth centuries when philanthropic business owners and industrialists like Robert Owen, demonstrated a concern for the welfare of employees by improving their working, schooling and cultural lives. Since then, social entrepreneurship has been associated with community enterprise and development, education, churches, charities, the not-for-profit sector and voluntary organisations. (Shaw & Carter, 2007)
Entrepreneurship is the process of designing, launching and running a new business while social entrepreneurs launch the business and implement solutions to social, cultural, or environmental issues simultaneously. Bill Drayton once said, “There is nothing more powerful than a new idea in the hands of a social entrepreneur.” In the world, there are billions of people have no access to education, healthcare, clean drinking water, food and even the basic human rights and respect. Violence, poverty and more global issues are at the alarm rate nowadays. These matters have to be tackled immediately before it is too late to do so. In our opinion, social entrepreneurship is the best way to help the needy and overcome the problem.
Having Social Entrepreneur has created a responsible society. People nowadays starts thinking about the society and their well-being. It is the combination of all energies to achieve the social mission with having the picture of technology and development. It is time for the entrepreneurial ways to deal with social issues. Poverty is one of the biggest issue faced by the under developed and the developing countries. People who are not even having basic needs will suffer to run their day-to-day life. This report will portrait how an actor become a Social Entrepreneur and how did he applied the process of achieving that role. The report is developed by doing a research and collecting data regarding his achievements and figuring
Social Entrepreneurs can be anyone in the world. As long as they have an idea that can impact globally or maybe even locally. It only takes a single idea and lots of inspiration, commitment, and perseverance to take on the challenges and to see it through. Ana Luisa Arocena lives in Montevideo, Uruguay and runs a waste management company called TRIEX.