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A 2011 report explores the impact of business acumen training on an organization in terms of intangibles and more tangible expressions of value. [13] The findings support the notion that business acumen is a learned skill — developed on the job by learning the required skills from knowledge mentors while working in different employment positions.
[1] [2] The concept was developed by Warren Buffett and Charlie Munger as what they call a mental model, a codified form of business acumen, concerning the investment strategy of limiting one's financial investments in areas where an individual may have limited understanding or experience, while concentrating in areas where one has the greatest ...
The chief nurse is a registered nurse who supervises the care of all the patients at a health care facility. The chief nurse is the senior nursing management position in an organization and often holds executive titles like chief nursing officer (CNO), chief nurse executive, or vice-president of nursing. They typically report to the CEO or COO.
A core competence is, for example, a specialised knowledge, technique, or skill. The core capability is the management ability to develop, out of the core competences, core products and new business. Competence building is, therefore, an outcome of strategic architecture which must be enforced by top management in order to exploit its full ...
Competence-based strategic management is a way of thinking about how organizations gain high performance for a significant period of time. Established as a theory in the early 1990s, competence-based strategic management theory explains how organizations can develop sustainable competitive advantage in a systematic and structural way.
The Journal of Nursing Management is a bi-monthly peer-reviewed journal covering advances in the discipline of nursing management and leadership. It was established in 1993 by Anthony Palmer, [1] and is published by John Wiley & Sons. The journal is currently edited by Fiona Timmins (Trinity College Dublin). [2]
As competencies apply to careers as well as jobs, lifelong competency development is linked with personal development as a management concept. And it requires a special environment, where the rules are necessary in order to introduce novices, but people at a more advanced level of competency will systematically break the rules if the situations ...
Rozzano Locsin is a Filipino-American Professor of Nursing at Tokushima University, and Professor Emeritus at Florida Atlantic University.Locsin is the author of Technological Competency as Caring in Nursing: A Model for Practice.