Business acumen for nursing leaders: An exploratory qualitative study

Raftery, Chris and Sassenberg, Anne-Marie ORCID: https://orcid.org/0000-0003-3404-3570 and Bamford-Wade, Anita (2022) Business acumen for nursing leaders: An exploratory qualitative study. Journal of Nursing Management. pp. 1-8. ISSN 0966-0429


Abstract

Aim: The aim of this study was to explore the status of and need for business acumen of nurse leaders. Background: Health systems globally continue to reform to deliver better care while working within sustainable budgets. However, beyond leadership and management expertise, nurse leaders need strong business acumen to appreciate the complexity of the system. Method: Two groups, emerging nurse leaders and established health system leaders, were interviewed for their perspective on four elements related to business acumen. Results: Business in healthcare was defined and therefore valued with variation across both groups. Adequate business education for nurse leaders was considered lacking by both groups. Inconsistent business acumen was seen as a barrier for nursing inclusion at the system level. Conclusions: Business acumen is a skillset more valuable for the nursing profession than the current educational preparation allows, creating a reputational barrier for nursing’s full participation in health system-level leadership, but is considered an opportunity for the future. Implications for Nursing Management: Improving the foundation business acumen across the nursing profession will not only raise the profile of nurse leader capability to input and influence across the health system but also improve the wider nursing team’s understanding around nurse leader advocacy and decision making.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Business (18 Jan 2021 -)
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Business (18 Jan 2021 -)
Date Deposited: 26 May 2022 03:29
Last Modified: 26 May 2022 03:29
Uncontrolled Keywords: administration, business, economics, leadership, nursing management
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350707 Leadership
42 HEALTH SCIENCES > 4205 Nursing > 420599 Nursing not elsewhere classified
42 HEALTH SCIENCES > 4205 Nursing > 420505 Nursing workforce
Socio-Economic Objectives (2020): 20 HEALTH > 2002 Evaluation of health and support services > 200206 Health system performance (incl. effectiveness of programs)
20 HEALTH > 2002 Evaluation of health and support services > 200202 Evaluation of health outcomes
20 HEALTH > 2099 Other health > 209999 Other health not elsewhere classified
Identification Number or DOI: https://doi.org/10.1111/jonm.13672
URI: http://eprints.usq.edu.au/id/eprint/48576

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