Nsg7000 – week 2 discussion – 2nd reply

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Please reply to the following discussion with one or more references. Participate in the discussion by asking a question, providing a statement of clarification, providing a point of view with a rationale, challenging an aspect of the discussion, or indicating a relationship between two or more lines of reasoning in the discussion. Cite sources in your responses to other classmates.

A. Ritchie

Nurses account for almost 50% of the global healthcare workforce and their deficits pose the single biggest challenge for many healthcare systems (Pressley & Garside, 2023). Nursing workforce shortages have cumulative impacts on patient ratios, staff dissatisfaction, occupational stress and burnout and staff retention. This leaves the Chief Nursing Officer (CNO) with a continuing problem to fix, given the leadership position and the background of a nurse. The CNO is a senior level nursing professional within a health system that is a part of an executive leadership team that oversees the hospital system. This includes organizational, administrative and nursing leadership. Often times there’s a disconnect between administration and employees. Administration is looking at figures, systems and numbers while the employees are working on a daily basis with patients experiencing the changes implemented from administration. Employees at large often than not feel that their concerns aren’t heard and that creates discord between administration and employees. A collaborative team approach would benefit the team as a collective to start bridging the gap to achieve common goals. Leadership is a process that entails influence, occurs within a group setting and involves achieving goals that reflect a common vision.

A suggestion that will foster better relationships and increase employee retention is incorporating shared leadership. Shared leadership can be implemented amongst nursing staff and managerial staff. The managerial staff can then bring up problems with proposed solutions to the executive level to incorporate change. The components of shared leadership include shared purpose, social support, and voice, as well as mutual accountability, partnership, equity, and ownership (Riesch et al., 2023). It is important that everyone contributes to the goal of the healthcare system and everyone feels valued, trusts their team and has support. Clinical nurse satisfaction and retention are central responsibilities of nurse managers. Through this model, all staff can foster open communication and staff empowerment to better serve the patient population.

Nurse managers are essential for the success of organizational missions and objectives. Nurse managers are the glue between nursing staff and executive management. Nurse managers can utilize different leadership practices to foster better work environments and cooperation amongst the team thus increasing retnetion. Transformational leadership practices foster nurse manager empowerment and effectiveness in accomplishing organization goals (Cox, 2019). Transformational leadership can be utilized at the executive level to improve nurse manager job satisfaction and retention. Nurse managers may also learn transformational leadership techniques and apply the same approach with their staff. Transformational leadership techniques include active listening, collaboration, acting with integrity, building trust and providing constructive feedback. Relational leadership styles were related to an employee’s commitment, as the application of this leadership style increased the intent‐to‐stay (Hult et al., 2023). Various research suggests a leadership style that is collaborative whether it is relational or transformational, it is important to use different leadership styles to help reach the goal of increasing employee retention. Also, increasing salary and benefits can lead to employee retention. When an employee feels valued and are compensated appropriately, they are more willing to stay with the company and perform to their highest potential. Employee retention and satisfaction are significantly influenced by compensation. Offering competitive base salaries or hourly wages is an essential factor in retaining employees, as it demonstrates that the organization values their time and energy (Sorn et al., 2023). All in all, increasing wages, utilizing shared leadership and incorporating transformational leadership styles will yield great results of employee retention and better relationships.

References

Cox C. A. (2019). Nurse manager job satisfaction and retention: A home healthcare perspective. Nursing management, 50(7), 16–23. https://doi.org/10.1097/01.NUMA.0000558512.58455.68

Hult, M., Terkamo-Moisio, A., Kaakinen, P., Karki, S., Nurmeksela, A., Palonen, M., Peltonen, L. M., & Häggman-Laitila, A. (2023). Relationships between nursing leadership and organizational, staff and patient outcomes: A systematic review of reviews. Nursing open, 10(9), 5920–5936. https://doi.org/10.1002/nop2.1876

Pressley, C., & Garside, J. (2023). Safeguarding the retention of nurses: A systematic review on determinants of nurse’s intentions to stay. Nursing open, 10(5), 2842–2858. https://doi.org/10.1002/nop2.1588

Riesch, S., Chiappa, J., Floyd, N., & Ponce, M. (2023). The Chief Nursing Officer Shared Leadership Model. Nurse leader, 21(1), 31-37. https://doi.org/10.1016/j.mnl.2022.09.006

Sorn, M.K., Fienena, A.R.L., Ali, Y., Rafay, M. and Fu, G.H. (2023) The Effectiveness of Compensation in Maintaining Employee Retention. Open Access Library Journal, 10, 1-14. https://doi.org/10.4236/oalib.1110394

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July 1, 2023

11) Refer to Figure 19-10. Europe suffers a recession. Assuming all else remains constant, this would be represented as a movement from ________.

A) D to A

B) C to D

C) B to C

D) A to D

E) A to B

12) Refer to Figure 19-10. Currency speculators believe that the value of the euro will increase relative to the dollar. Assuming all else remains constant, how would this be represented?

A) Supply would decrease, demand would decrease and the economy moves from B to C to D.

B) Supply would increase, demand would decrease and the economy moves from C to B to A.

C) Supply would decrease, demand would increase and the economy moves from A to D to C.

D) Supply would increase, demand would increase and the economy moves from D to A to B.

13) Refer to Figure 19-10. Suppose that the U.S. government deficit causes interest rates in the United States to rise relative to those in the European Union. Assuming all else remains constant, how would this be represented?

A) Supply would decrease, demand would decrease and the economy moves from B to C to D.

B) Supply would increase, demand would decrease and the economy moves from C to B to A.

C) Supply would decrease, demand would increase and the economy moves from A to D to C.

D) Supply would increase, demand would increase and the economy moves from D to A to B.

14) Refer to Figure 19-10. The appreciation of the dollar is represented as a movement from

A) B to A.

B) D to C.

C) C to B.

D) C to A.

15) Refer to Figure 19-10. The depreciation of the euro is represented as a movement from

A) D to A.

B) C to D.

C) B to C.

D) B to A.

16) Refer to Figure 19-10. Italians cut back on smoking and cut their demand for American cigarettes in half. Assuming all else remains constant, this would be represented as a movement from

A) B to A.

B) D to C.

C) B to C.

D) A to D.

17) Refer to Figure 19-10. Europe experiences an economic boom. Assuming all else remains constant, this would be represented as a movement from

A) D to A.

B) D to C.

C) C to B.

D) B to A.

18) Refer to Figure 19-10. Currency speculators believe that the value of the euro will decrease relative to the dollar. Assuming all else remains constant, how would this be represented?

A) Supply would decrease, demand would decrease and the economy moves from B to C to D.

B) Supply would increase, demand would decrease and the economy moves from C to B to A.

C) Supply would decrease, demand would increase and the economy moves from A to D to C.

D) Supply would increase, demand would increase and the economy moves from D to A to B.

19) Refer to Figure 19-10. Suppose that the U.S. government deficit decreases, causing interest rates in the United States to fall relative to those in the European Union. Assuming all else remains constant, how would this be represented?

A) Supply would decrease, demand would decrease and the economy moves from B to C to D.

B) Supply would increase, demand would decrease and the economy moves from C to B to A.

C) Supply would decrease, demand would increase and the economy moves from A to D to C.

D) Supply would increase, demand would increase and the economy moves from D to A to B.

20) If there is currently a surplus of dollars, which of the following would you expect to see in the foreign exchange market?

A) The dollar will appreciate.

B) The dollar will depreciate.

C) There will be a decrease in the demand for dollars.

D) There will be a decrease in the supply of dollars.

July 1, 2023

The Tip Left column in the Friday worksheet contains a fill color and number formatting. You want to fill these formats to the other daily worksheets.

Group the Friday through Monday worksheets, staring with the Friday worksheet. Fill the format only for the range E5:E24.

Now you want to insert column totals for the five worksheets simultaneously.

With the worksheets still grouped, insert SUM functions in the range B25:E25 and apply the Totals cell style. Ungroup the worksheets.

The Week worksheet is designed to be a summary sheet. You want to insert a hyperlink to the Total heading in the Monday worksheet.

On the Week worksheet, in cell A5, insert a hyperlink to cell A25 in the Monday worksheet with the ScreenTip text Monday’s Totals. Test the hyperlink to ensure it works correctly.

In cell A6 on the Week worksheet, insert a hyperlink to cell A25 in the Tuesday worksheet with the ScreenTip text Tuesday’s Totals. Test the hyperlink to ensure it works correctly.

In cell A7, insert a hyperlink to cell A25 in the Wednesday worksheet with the ScreenTip text Wednesday’s Totals. Test the hyperlink to ensure it works correctly.

In cell A8, insert a hyperlink to cell A25 in the Thursday worksheet with the ScreenTip text Thursday’s Totals. Test the hyperlink to ensure it works correctly.

In cell A9, insert a hyperlink to cell A25 in the Friday worksheet with the ScreenTip text Friday’s Totals. Test the hyperlink to ensure it works correctly.

Now, you are ready to insert references to cells in the individual worksheets. First, you will insert a reference to Monday's Food Total.

In cell B5 on the Week worksheet, insert a formula with a 3-D reference to cell B25 in the Monday worksheet. Copy the formula to the range C5:E5.

The next formula will display the totals for Tuesday.

In cell B6, insert a formula with a 3-D reference to cell B25 in the Tuesday worksheet. Copy the formula to the range C6:E6.

In cell B7, insert a formula with a 3-D reference to cell B25 in the Wednesday worksheet. Copy the formula to the range C7:E7.

In cell B8, insert a formula with a 3-D reference to cell B25 in the Thursday worksheet. Copy the formula to the range C8:E8.

In cell B9, insert a formula with a 3-D reference to cell B25 in the Friday worksheet. Copy the formula to the range C9:E9.

Now you want to use a function with a 3-D reference to calculate the totals.

In cell B10 on the Week worksheet, insert the SUM function with a 3-D reference to calculate the total Food purchases (cell B25) for the five days. Copy the function to the range C10:E10.

The servers are required to share a portion of their tips with the Beverage Worker and Assistants. The rates are stored in another file.

Open the Exp_Excel_Ch09_Cap_Assessment_Rates.xlsx workbook. Go back to the Exp_Excel_Ch09_Cap_Assessment_Tips.xlsx workbook. In cell F5 of the Week worksheet, insert a link to the Beverage Worker Tip Rate (cell C4 in the Rates workbook) and multiply the rate by the Monday Drinks (cell C5). Copy the formula to the range F6:F9.

Next, you will calculate the tips for the assistant.

In cell G5 in the Tips workbook, insert a link to the Assistant Tip Rate (cell C5 in the Rates workbook) and multiply the rate by the Monday Subtotal (cell D5). Copy the formula to the range G6:G9. Close the Rates workbook.

Note: The tip is a monetary value in the Week worksheet. It should be formatted for Accounting Number Format.

You noticed a circular error when you first opened the Tips workbook. Now you will find and correct it.

On the Week worksheet, check for errors and correct the formula with the circular reference.

You want to create a validation rule to prevent the user from accidentally entering a negative value. For now, you will create a validation in the Friday worksheet.

Select the range E5:E24 in the Friday worksheet, create a validation rule to allow a decimal value greater than or equal to zero. Enter the input message title Tip and the input message Enter the amount of tip. (including the period). Use the Stop alert with the error alert title Invalid Number and the error alert message The tip must be zero or more. (including the period). Test the data validation by attempting to enter -20 in cell E5 and then cancel the change.

Now you will copy the validation settings to the other daily worksheets.

Copy the range E5:E24 in the Friday worksheet. Group the Monday through Thursday worksheets, select the range E5:E24, and use Paste Special Validation to copy the validation settings.

You want to unlock data-entry cells so that the user can change the tips in the daily worksheets.

Group the Monday through Friday worksheets. Select the ranges E5:E24 and unlock these cells.

Create footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of all worksheets.

Now that you unlocked data-entry cells, you are ready to protect the worksheets to prevent users from changing data in other cells. Individually, protect each sheet using the default allowances without a password.

Mark the workbook as final.

Note: Mark as Final is not available in Excel for Mac. Instead, use Always Open Read-Only on the Review tab.

Save and close Exp19_Excel_Ch09_Cap_Assessment_Tips.xlsx. Exit Excel. Submit the file as directed.