developing nurse entrepreneurs: leadership skills for the 21st century ·  · 2018-02-26developing...

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The Henderson Repository is a free resource of the Honor Society of Nursing, Sigma Theta Tau International. It is dedicated to the dissemination of nursing research, research- related, and evidence-based nursing materials. Take credit for all your work, not just books and journal articles. To learn more, visit www.nursingrepository.org Item type Presentation Format Text-based Document Title Developing Nurse Entrepreneurs: Improving Healthcare Delivery and Outcomes in the 21st Century Authors Sherrod, Melissa M.; Sherrod, Michael S. Downloaded 16-Jun-2018 14:24:39 Link to item http://hdl.handle.net/10755/622873

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Page 1: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

The Henderson Repository is a free resource of the HonorSociety of Nursing, Sigma Theta Tau International. It isdedicated to the dissemination of nursing research, research-related, and evidence-based nursing materials. Take credit for allyour work, not just books and journal articles. To learn more,visit www.nursingrepository.org

Item type Presentation

Format Text-based Document

Title Developing Nurse Entrepreneurs: Improving HealthcareDelivery and Outcomes in the 21st Century

Authors Sherrod, Melissa M.; Sherrod, Michael S.

Downloaded 16-Jun-2018 14:24:39

Link to item http://hdl.handle.net/10755/622873

Page 2: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

Developing Nurse Entrepreneurs: Leadership Skills for the 21st CenturyMelissa M. Sherrod, PhD, APRN, AGCNS-BC, NEA-

BCMichael S. Sherrod, MBA, MA, BA

Page 3: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

Blueprint for NursingO Presenting a framework to think like an

entrepreneurO Determine the difference between a good

idea and an opportunityO Learn to mitigate riskO Creatively design programs and improve

outcomes

Page 4: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

New CompetenciesLeadership Knowledge of health policy Systems improvement Working in multidisciplinary teamsPersonal development that extends outside the professionAttain higher levels of educationInform oneself in new ways to respond innovatively

Page 5: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

Entrepreneurial Professional Development

O Initiate programsO Create businessesO Improve outcomesO Increase satisfactionO Reduce errorsO Communicate effectivelyO Promote camaraderieO Foster a culture of inclusivity

Page 6: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

IOM RecommendationsO Nurses should be full partners with

physicians and others in redesigning health care systems

O Nurses should be fully accountable for their contributions in delivering high quality care

O Nurses should learn to work collaboratively with other health disciplines and take a leadership role and be fiscally accountable

Page 7: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

Entrepreneurship = Culture Change

O The at-risk organization is not prepared for the 21st century

O Entrepreneurial thinking can be fostered and found throughout the organization

O Transform how organizations operate and what they produce

O Breaks down silosO Fosters collaboration and partnerships

Page 8: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

The Thirteen Competencies

O Recognizing and assessing an opportunityO Mastering creativityO Leveraging resources O Managing riskO Planning with nothingO Thinking holisticallyO Able to create new worldsO Data analytics experts

Page 9: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

The Thirteen CompetenciesO Work without direct leadership in tight

temporary organizations that will act independently

O Changing mentally and physically in response to challenges

O Many skills will be in mind-machine interface

O “Shallow experts”O Story tellers”

Page 10: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

The Business Model Canvas

Page 11: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

Case StudyO “Development of EBP Protocol for Universal

Decolonization Against MRSA”

Changed process for MRSA testing, isolation standards & treatment regimen1. Eliminated cost of testing each admit for

MRSA2. Eliminated contact isolation supplies3. Cost savings; $11,664.61 in one month,

estimated savings $139,975.32 annually

Page 12: Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century ·  · 2018-02-26Developing Nurse Entrepreneurs: Leadership Skills for the 21st Century Melissa M. Sherrod,

ResourcesO Benner, P. et al. (2011). Educating nurses: A call

for radical transformation. Stanford, CA: Jossey-Bass.

O Institute of Medicine. (2010). The future of nursing: Leading change, advancing health. Washington, D.C., The National Academies Press

OO Morris,M., Kuratko,D., & Pryor,C. (2014).

Building blocks for the development of university-wide entrepreneurship, Entrepreneurship Research Journal, 4(1), 45-68, doi: 10.1515/erj-2013-0047

O