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Related Experiment Videos

Writing a winning business plan.

J E Johnson1, D G Sparks, C Humphreys

  • 1Washington Hospital Center, Washington, D.C.

The Journal of Nursing Administration
|October 1, 1988
PubMed
Summary

Nurse executives need strong business planning skills to make informed decisions about healthcare services. Developing sophisticated business plans is crucial for securing support and advocating for nursing initiatives.

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Area of Science:

  • Healthcare Administration
  • Nursing Management

Background:

  • Nurse executives play a vital role in strategic decision-making within healthcare.
  • The current healthcare environment necessitates astute financial and operational planning.

Purpose of the Study:

  • To highlight the importance of business planning for nurse executives.
  • To emphasize the need for sophisticated business plans to support nursing services.

Main Methods:

  • Analysis of the role of nurse executives in business strategy.
  • Review of essential components for effective business plans in healthcare.

Main Results:

  • Nurse executives' financial acumen directly impacts service initiation and expansion.
  • Well-crafted business plans are essential for gaining stakeholder support.
  • Effective business plans empower nurse executives to advocate for nursing.

Conclusions:

  • Investing in business planning skills is critical for nurse executive success.
  • Sophisticated business plans are indispensable tools for advancing nursing within healthcare organizations.

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