Nursing Leadership Summary

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Hello professor and classmates,
I enjoyed reading the required article for this week. I believe that Huston did a good job identifying the eight leadership competencies relating to nursing and nursing leadership and they are all necessary in nursing leadership. I chose to write on technology and how it relates to nursing and leadership. Technology advancement plays a significant role in the nursing profession, an increase in robotics is anticipated due to shortages in the workforce, growing of the elderly population, and a demand in quality of care that does not rely only on human imitation. Areas of predicted robotic growth involve genetic therapy, nanomedicine and utilizing robots for providing direct care (Huston, 2010, p. 10).
A good leader …show more content…

New leaders must understand the financial bottom line of their institutions and how nursing care cost can impact it. There are various budgets within an organization, but the one directly related to nursing is the operating budget, according to Sherman (2012), “The operating budget is especially relevant to nurses because they’re closest to the patients and know what’s needed to provide appropriate care and services on a daily basis.” Sherman further explained that the ‘employment cost’ is a major part of the operating budget which include: salaries and wages for hospital employees and contract staff, including overtime, shift differentials, holidays, orientation, benefits, in-service sessions, and staff education (Sherman, 2012). When nursing units are overstaffed, or too many hours of overtime are accumulated, mishandling of unit supplies may ensue, which may result in the budget falling off balance. The unit manager may then have to answer to their higher management about this issue, which may eventually lead to a shortage of staff because the managers are trying to get the budget back in balance. BSN prepared nurses can also participate by supporting nurse leaders in data gathering that can assist in developing and monitoring of the unit budget. Technology upgrading may also be costly, making clever choices on equipment could mean purchasing new ones every 10 years rather than every 5 years. Smart budgeting is insuring that an organization is always up to date in all aspects, which will assist staff to have all the equipment required to get the job

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