Question

In: Operations Management

QUESTION 21 Which of the following is not a behavioral trait of successful entrepreneurs in healthcare?...

QUESTION 21

Which of the following is not a behavioral trait of successful entrepreneurs in healthcare?

                              The tendency to seek opportunities for personal achievement

                              Inherent management or leadership skills

                              Ability to facilitate idea generation alone or in groups

                              Ability to demonstrate, or designate responsibility to someone who has demonstrated sound financial management practices

                              Ability to sell

                              Previous senior management status in a corporation

0.4 points  

QUESTION 22

A dual operating system includes all of the following except what?

                              A network structure

                              Freedom of a start-up

                              Entrepreneurial spirit

                              Fostering of intrapreneurship

                              Rewards and punishments for risk-taking successes and failures

                              Top-down communication

0.4 points  

QUESTION 23

Which of the following is a benefit of earning trust?

                              Managers become more assured

                              Information sharing and collaboration activities tend to become more productive

                              For both sides, trust is an empowering state

                              Trust provides an ideal state for brainstorming

                              Trust is necessary in leadership

                              All of the above

0.4 points  

QUESTION 24

All of the following represent hospital mistakes and errors that should never happen except for what?

                              Never events

                              Palliative care

                              MRSA

                              Nosocomial infections

                              Medical errors

                              Wrong medication received by patient

0.4 points  

QUESTION 25

Entrepreneurship consists of all of the following except what?

                              Introduction of a new product

                              Introduction of a new method of producing

                              Opening of a new market

                              Development of a new source of supplies

                              Creation of stock for financing

                              Creation of a new organization

Solutions

Expert Solution

Question 21:
Answer - Ability to Sell
Reason - An entrepreneur to be successful in healthcare must not have the behavioural trait to help force a sale. It will be morally and ethically wrong to misguide and deceive the patients just to facilitate a sale. So, the ability to sell is a behavioural trait that a successful entrepreneur need not have.

Question 22:
Answer - Top-Down Communication
Reason - The Dual Operating System suggested by Kottler, involves a network such that the hierarchy and the network are inseparable. It gives freedom of start-up and promotes entrepreneurial spirit. It shows the disadvantage of having a regular hierarchical structure organization where the communication flows from Top to Down. It is a slow flow of communication. It suggests a different network structure. So, the dual operating system involves all the above-given options, except for Top-Down Communication.

Question 23:
Answer - All of the Above
Reason - All the above-given options are the benefits of earning trust. Earning of trust ensures assurance of managers, productive information sharing, facilitates brainstorming and leadership, and an empowering state on both sides. These are all the options that trust ensures, once it is earned.

Question 24:
Answer - Palliative Care
Reason - In the given question, all the given options are mistakes and errors on behalf of the hospital except for Palliative Care. It is specialized medical care given to patients with terminal illnesses. It focuses on providing relief for the patient and his family by improving the quality of life through a caregiving approach.
Whereas, the other options, 'never events' refers to preventable medical errors, 'MRSA', 'nosocomial infections' are infections that can occur because of the irresponsibility of hygienic conditions of the hospital. Wrong medications prescribed are also errors that are better avoided by the hospital. Except for Palliative Care.

Question 25:
Answer - Creation of Stock for Financing
Reason - The concept of Entrepreneurship includes the above options like - introducing new products, a new method of producing, Opening new market, a new organization, and developing new sources of suppliers because an entrepreneur is always looking for ways to open up the business to ensure its smooth flow. The only concept in the given options that the entrepreneur is not involved with is the Creation of Stock.


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