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The business plan of a healthcare organization describes the purpose of the HCO and lends structure to its organizational goals. The strategic plan is used as a directional guide; in other words, how the organization will fulfill its purpose and put ideas into action. The strategic plan also prioritizes the organization’s resources as a means to fulfill the business plan. Simply put, the business plan is the “what,” and the strategic plan is the “how.”

To prepare for this assignment, read Chapters 1 and 2 in the course text as well as the required article by Varkey and Bennett (2010). You may also want to review the recommended article by Williams (2008). For your initial post, answer the following questions in the discussion forum:

What is the difference….

The business plan of a healthcare organization describes the purpose of the HCO and lends structure to its organizational goals. The strategic plan is used as a directional guide; in other words, how the organization will fulfill its purpose and put ideas into action. The strategic plan also prioritizes the organization’s resources as a means to fulfill the business plan. Simply put, the business plan is the “what,” and the strategic plan is the “how.”

To prepare for this assignment, read Chapters 1 and 2 in the course text as well as the required article by Varkey and Bennett (2010). You may also want to review the recommended article by Williams (2008). For your initial post, answer the following questions in the discussion forum:

What is the difference….

Risks to business come in many different forms. Financial risks, such as unforeseen factors that cause decreases in sales or increases in costs, can overwhelm a company’s financial stability. Operational risks, such as health and safety issues and production stoppages, can threaten the viability of a company’s operations. Other risks that companies encounter include reputational, legal, e-commerce, and risks associated with natural disasters. Risk management provides a means to protect companies against many of these risks. In this week’s discussion we will explore and examine risk in the entertainment business, using the film industry as an example.

Initial Post

Read this article: Nine Hollywood Films Fraught with Risk, RMMagazine.com, Jared Wade, March 27, 2013.

Discuss all of the following questions:

Choose one of the nine movies listed in….

After reviewing the article on 10 essential characteristics of entrepreneurs that are highly successful, I can see the importance of possessing each quality.  Creativity is definitely a must have, and I thought it was appropriate that the article listed this characteristic first.  Being open to an unlimited amount of ideas can lead to new innovative ways to market and conduct your business (EBS, 2019).  Additionally, creativity helps with new ways to develop one’s product, which may be necessary since more than half of businesses fail within the first four years of opening (Scarborough & Cornwall, 2019).  Passion is also key for an entrepreneur to have because if one has no passion, how could they have the drive to see their business through to the finish line?

Motivation is….

After reviewing the article on 10 essential characteristics of entrepreneurs that are highly successful, I can see the importance of possessing each quality.  Creativity is definitely a must have, and I thought it was appropriate that the article listed this characteristic first.  Being open to an unlimited amount of ideas can lead to new innovative ways to market and conduct your business (EBS, 2019).  Additionally, creativity helps with new ways to develop one’s product, which may be necessary since more than half of businesses fail within the first four years of opening (Scarborough & Cornwall, 2019).  Passion is also key for an entrepreneur to have because if one has no passion, how could they have the drive to see their business through to the finish line?

Motivation is….

The ten essential characteristics listed seemed to be crucial to be successful as an entrepreneur. Creativity is needed to set yourself apart from the competition or ensure that your business is successful in fulfilling the wants and needs of your target market. Passion is needed to fuel motivation through purpose. One must be motivated to take risks and push through the tough times to make a new business idea work. Optimism is necessary to keep spirits up in tough times and to create opportunity out of obstacles, allowing growth through challenges. It is important to be able to envision the future to plan, know where you want to be and where, when, and how to pave the road to get there.  It is impossible to set goals without….