Welcome, dear reader, to a blog post that will tickle your funny bone and ignite your imagination. If you’ve landed on this page, you’re likely a nursing student or a passionate healthcare professional seeking inspiration for your MSN or DNP nursing leadership practicum project. Now fasten your seat belts, sweetie, because you’re in for a ride that will have you in (laugh-induced) stitches!
Before we dive into the entertaining world of nursing leadership practicum project ideas, let’s take a moment to appreciate the hard work and dedication that nurses bring to their profession.
Nurses are the backbone of the healthcare system, and their leadership skills are crucial in ensuring the best possible care for patients. So, hats off to you, future nursing leader!
Leadership practicum projects are designed to improve healthcare delivery in a community. During your practicum you will learn and be guided by a preceptor, who is an accomplished healthcare leader, over three semesters.
Below are some nursing leadership practicum project ideas to kickstart your writing journey. Hope you enjoy!!
1. Nurse Sherlock: The Great Hospital Mystery
Who doesn’t love a good whodunit? Your mission, should you choose to accept it, is to identify gaps and inefficiencies in your hospital’s day-to-day operations. Put on your detective hat and become Nurse Sherlock, solving the great hospital mystery!
Create a detailed report of your findings and propose innovative solutions to enhance patient care and streamline hospital processes. Your engaging presentation will leave your colleagues and supervisors in awe of your deductive abilities!
“The art of nursing, as now practiced, seems to be expressly constituted to unmake what God had made disease to be.” – Florence Nightingale
2. The Nursing Escape Room: A Team-Building Extravaganza
In this thrilling, interactive project, you’ll design an escape room experience that tests your nursing team’s clinical knowledge, critical thinking, communication, and collaboration skills.
Create challenging puzzles and scenarios related to nursing practice, and watch your colleagues put their heads together to escape within the allotted time. This project not only fosters team camaraderie but also reinforces essential nursing concepts in a fun and engaging way!
3. The Great Handwashing Challenge: A Hygienic Showdown
They say cleanliness is next to godliness, and in nursing, it’s also next to patient safety! In this project, organize a handwashing competition among staff members to promote proper hand hygiene in the workplace.
Use humor and creativity to design entertaining challenges that test participants’ handwashing skills, such as a “handwashing relay race” or a “germ-free obstacle course.” Don’t forget to offer prizes for the most exemplary handwashing performance!
“Washing one’s hands of the conflict between the powerful and the powerless means to side with the powerful, not to be neutral.” – Paulo Freire
4. Nurse Idol: Showcasing Talent Beyond Scrubs
Nurses are more than just skilled healthcare professionals – they’re also talented individuals with diverse interests outside the hospital walls. Organize a talent show that allows your nursing colleagues to showcase their hidden talents, from singing and dancing to poetry and painting.
This project not only builds camaraderie among staff but also helps to humanize the nursing profession by celebrating the unique qualities that each nurse brings to the table.
5. The Mentor Matchmaker: Pairing New Nurses with Seasoned Pros
Nursing can be overwhelming, especially for those just starting in the profession. In this project, create a mentorship program that pairs experienced nurses with newbies, providing invaluable guidance and support as they navigate the challenges of their new roles.
Design a fun and interactive “speed mentoring” event where potential mentor-mentee pairs can meet, chat, and find their perfect match. After all, a little guidance goes a long way in shaping the nursing leaders of tomorrow!
“A good teacher can inspire hope, ignite the imagination, and instill a love of learning.” – Brad Henry
Have you ever dreamed of becoming the next healthcare industry mogul? In this project, gather a group of nursing colleagues and host a “Shark Tank”-style competition where participants pitch their innovative healthcare solutions to a panel of expert judges.
This fun and engaging event encourages nurses to think outside the box and develop creative solutions to address real-world healthcare challenges. Who knows – you might just discover the next big thing in nursing!
7. Designing a Public Health Initiative
Nurses have a crucial role in promoting community health. Creating a community health nursing program targeted at a certain population is a great focus for your nursing leadership practicum assignment.
To do so, one option is to develop a program with the goals of reducing the prevalence of chronic diseases, encouraging healthy behaviors, and educating the public about the importance of maintaining good health.
As a leader, your initiative to better the community’s health will speak volumes about your leadership skills.
Innovative Nursing Practicum Project Ideas: Possible Sources
You know what they say, necessity is the mother of invention! And when it comes to coming up with ideas for nursing leadership practicum project, you might be scratching your head wondering where to start. But don’t worry, I’ve got you covered! Let’s dive into some of the best places to look for nursing practicum project ideas.
First up, have you considered talking to your clinical mentor or preceptor? These experienced nurses are a wealth of knowledge and may be able to suggest a project idea based on your interests or the needs of your clinical setting.
Next, why not browse through some nursing journals? There are tons of great publications out there, covering everything from clinical practice to research. You might find a topic that catches your eye and inspires you to explore it further.
If you’re more of a visual person, how about checking out some nursing conferences or webinars? These events often showcase the latest and greatest in nursing research and practice. Plus, attending a conference or webinar is a great way to network with other nurses and make valuable connections.
Another source of inspiration is your own clinical experiences. Think about any challenges you’ve faced or interesting cases you’ve encountered. Is there a particular issue or area of care that you’re passionate about?
These personal experiences can often lead to great project ideas. You can also take a look at what’s currently trending in nursing. Are there any hot topics or emerging trends that you find interesting? Maybe there’s a new technology or treatment that you think would be worth exploring further.
Outside of the nursing world, there are plenty of other sources of inspiration as well. For example, you might find some great ideas by looking at what’s happening in related fields, such as medicine, public health, or social work. Or, you might draw inspiration from a completely different area altogether, such as art, music, or literature.
How about engaging a professional nurse writer. You will be surprised just for a few dollars you can hire a nursing paper writer to assist you develop innovative practicum ideas or even improve your existing idea into a nursing leadership practicum project.
Last but not least on this list, don’t forget about your fellow nursing students! Brainstorming with your classmates can be a great way to generate new ideas and get a fresh perspective on your project.
So there you have it, eight sources of inspiration to help you get started on your Nursing Practicum Project. Remember, the key is to find a topic that you’re passionate about and that will allow you to make a real impact on patient care.
Always ensure that your practicum idea is impactful and innovative. It may lead to future employment in your practicum site or you may have an opportunity to present it internationally.
Happy brainstorming!
From Idea to Impact: Navigating the Wild World of Nursing Practicum Projects!
Now that we’ve talked about some sources of inspiration for your Nursing Practicum Project, let’s dive into some of the challenges you might encounter along the way.
The time crunch: Between your clinical rotations, coursework, and personal life, finding the time to work on your project can be a real challenge. But don’t throw in the towel just yet! Here are a few tips to help you manage your time:
Prioritize your tasks and make a schedule. Try breaking your project into smaller, more manageable chunks and tackle them one at a time.
Use your free time wisely. Instead of scrolling through social media or binge-watching your favorite show, take 30 minutes to work on your project.
Take breaks! It’s important to rest and recharge so you don’t burn out.
Another common challenge is coming up with a project idea that’s both feasible and impactful. You want to choose a topic that’s within the scope of your clinical setting and resources, but that also addresses a real need or issue in patient care. To overcome this challenge, try brainstorming a list of potential topics and then doing some research to determine which ones are most feasible and impactful.
The next up is that you might encounter a challenge of getting buy-in from your clinical preceptor or mentor. It’s important to get their support and approval for your project, but they may have different priorities or ideas about what’s important to focus on. Be prepared to communicate the value of your project and explain how it will benefit patients and improve outcomes.
Finally, one of the biggest challenges of any project is staying motivated and focused. It can be easy to get bogged down in the details or to feel like you’re not making progress fast enough. One way to stay motivated is to set clear goals and deadlines for yourself, and to hold yourself accountable for meeting them.
Wrap Up!
In conclusion, nursing leadership is no laughing matter, but that doesn’t mean we can’t have a little fun while developing our skills! These nursing leadership practicum project ideas are sure to entertain, engage, and ultimately, empower you to take charge of your nursing career. Remember, as the legendary Florence Nightingale once said:
“I attribute my success to this – I never gave or took any excuse.” – Florence Nightingale
So, go forth and conquer, future nurse leader! And don’t forget to keep a sense of humor along the way.
The objective of this study is to evaluate the effectiveness of different companies in the stock market. Project portfolio management is an important activity that influences the business units’ strategies and thus investment decisions. The study focuses on ascertaining the optimality of the project portfolio decisions by evaluating how they are formulated and managed. Besides, the systematic risk is determined by the macroeconomic conditions and financial systems.
This report provides risk-return analysis by utilizing the Markowitz portfolio theory, the return on investment, expected return rate, variance, and standard deviation. Moreover, the study evaluates the relationship between the returns and the market portfolio by using the security market line(SML), beta coefficient, residual variance, correlation, and determination coefficient.
The report uses the following selected portfolio: Best Buy Co., Microsoft, Boeing Company, and Wal-Mart Stores, which constitutes actively selected portfolio(P1); CIT Group, MetLife, NVIDIA Inc., and American Express Company, which forms randomly selected company (P2); while the passive selected portfolio(P3) includes AT&T, Pennant Park Investment Inc., Medley Capital Corp., and Hercules Capital.
The stock purchased based on the performance in the market where actively selected portfolios were considered. However, the randomly selected portfolio is essential in making an optimal decision for investment purposes. This is due to the effect of portfolio theory that allows for portfolio diversification to minimize the risk while maximizing the returns for risk-averse investors. Furthermore, the passive portfolio is useful for the purposes of evaluating the effectiveness of the selected investment appraisal techniques.
This section involves a description of selected companies’ revenues, financial solvency, and financial position. The reason for selecting such companies in my portfolio are outlined in this section—the explanation based on the portfolio as P1, P2, or P3 discusses below.
P1 constitutes for companies, namely Best Buy Co., Microsoft, Boeing Company, and Wal-Mart Stores. Best Buy Co.(BBY) is a competitive provider of technological products, services, and solutions globally. The company provides affordable consumer products to different classes of consumers, small and medium businesses, either through their stores or online. The company has developed a variety of innovations to ensure all consumers globally are served. This is achieved by using a website platform(BestBuy.com), Best Buy App, or by use of engagement of company agents (Geek Squad Agents). The company’s operations are diversified across the world, with its brands traded in different countries with its headquarters in Richfield, Minnesota, U.S. The company is ranked as the best performing company in innovation, evident by its development of a unique chain of stores. The company reported an increase in revenues as of F.Y. 2020 by 1.8% increase from $42.88 billion, while the net income increase by 5.5% from $1.46 billion as of F.Y. 2019 to $1.54 billion for F.Y. 2020, which exceeds the analysts forecasted net income of $1.53 billion which is an increase by 0.65%. Moreover, the company assets increased by 20.85% from $12.9 billion in 2019 to $15.59 billion as of F.Y. 2020.
The second company under P1 is Microsoft Corporation(MSFT). MSFT is one of the largest multinational companies dealing in proprietary software for various kinds of computer technology. Microsoft’s financial results have remained very positive for the company over the years. For the fiscal year 2020, total revenues amounted to over $ 143.02 billion, an 13.65% increase over the year before. Fundamental indicators are also very stable and positive. The debt load of the company is extremely low – the Debt / Equity ratio, which determines the debt-to-equity ratio, is only 1.31. ROE 8.82% and ROA is 0.65%. The yield of the company’s securities is higher than in the industry. Thus, the company and industry’s diluted earnings per share are $ 6.20 and $ 1.97, respectively, with a profitability ratio of 30.96%.
The third company for P1 is Boeing Company(B.A.) and is the world’s largest aviation, space, and military equipment in the third quarter. The company received $ 76.56 billion for the F.Y. 2019, adjusted net income per share was $ 2.72. At the end of 2019 year, Boeing expects revenue in the range of $ 90.5- $ 92.5 billion and a profit of $ 9.9- $ 10.1 per share. Boeing has significantly strengthened its position in the civil aircraft industry by expanding the line of popular 737 aircraft and Airbus’s failure with sales of the A380. According to Boeing General Director Dennis Muilenburg, in the past quarter, Boeing put record 202 commercial aircraft and increased 737 MAX aircraft production.
The last company in P1 is Walmart Inc.(WMT), an American company that manages the world’s largest wholesale and retail trade network operating under Walmart’s trademark. Its earnings per share(EPS) is 6.93, while the P.E. Ratio is 17.41. This is implying a positive dividends performance for the company in the industry. Simultaneously, despite the effect of a very high base, the retail giant is steadily growing, and almost every quarter, its revenues increase by 0.5-2%. Its shares rise in price by 2.5%.
The second portfolio includes such companies as CIT Group, MetLife, NVIDIA Corporation, and American Express Company. Citigroup Inc is one of the largest international financial conglomerates. The conglomerate’s basis is Citibank, founded in 1812 and is one of the four largest U.S. banks. Citigroup is a large financial corporation, which has many financial units that carry out international activities, working in about 140 countries around the world. Now the company employs about 250 thousand employees. The approximate cash equivalent of Citigroup assets is 1.75 trillion dollars.
MetLife Inc. is the leading international holding in the field of insurance and pensions. Its revenue increased by 9.5% to $ 18.7 billion, and net profit jumped by almost 2/3 – to $ 2.16 billion, while the previous year the figure did not exceed 1.33 billion. Earnings per share amounted to 1.87 dollars per share against 1.14 dollars a year earlier. Such results were much better than the market forecasts – average investors’ expectations for revenue were $ 17.8 billion, and for operating profit per share, $ 1.41 (actual value is $ 1.44). As a result, the company’s shares at the opening of trading on the day following the report’s publication grew by 0.6% to $ 52.10.
NVIDIA Corporation is a leading American company dealing in graphics accelerators and processors and developer of system logic. Over the years, the share of NVIDIA in the market of discrete graphics cards has grown from 70.5% to 72.5%. AMD’s share decreased from 29.5% to 27.5%. NVIDIA’s shares are growing rapidly, and the “mania of mining,” which will bring big profits to video card manufacturers, plays an important role in this. Today NVIDIA shares may seem expensive, but investors should understand that the chip manufacturer has enough trump cards in its sleeve. This year, analysts forecast an increase in NVIDIA revenues and profits by 19% and 20%, respectively. The company has a lot of development opportunities. Although its shares may temporarily slow down or fall in price, they have enough potential for long-term growth.
Finally, American Express Company (Amex) is an American financial corporation that provides mainly consumer finance services for the issue and maintenance of payment and credit cards. American Express works with both individuals and legal entities. In the world, the number of branded cards issued by the company is 88 million pieces, and their turnover for nine months of 2016 exceeded $ 750 billion. We expect that the company’s ROE will exceed 25%, while the result of 2017, according to our estimates, should be lower than the result of the 2016 year due to one-time incomes received in the past year.
For this portfolio, the selected companies include AT&T, Medley Capital Corporation, Pennant Park Investment Corporation, and Hercules Capital.
The first company in P3 is AT&T. This is a telecommunication company whose headquarter is in Dallas, Texas, in America. The company is the largest global telecommunication company that provides both local and regional telephone services. The company is also the largest supplier of direct satellite broadcasting in the U.S. through DirecTV. It takes 18th place in the list of the largest cellular operators in the world with 135 million subscribers. It has the highest dividend yield among Dow Jones components – about 5.2%. The company successfully develops, generates solid cash flows, and carries out buyback programs. In the first quarter of 2014, earnings per share increased by 11%. Free cash flow for shareholders was $ 3 billion. Dividends for the first quarter were $ 0.46 per share; they steadily increased during the last decade.
Medley Capital Corporation is an investment company whose objective is to generate income while investing in capital products either directly through lending or buying securities from private companies in North America. The corporation has helped develop small and medium companies to expand their operation through financing or acquisition. The majority of its investment assures warrants and other beneficial equity participation characteristics, which the company uses as a strategy to achieve its positive investment returns. The company’s total value of the investment has been growing with the end of F.Y. 2017 amounts to $835.9 million. This is associated with over 68 portfolio investments in different companies with senior secured loans account 67% as first-lien, senior secured lien amounts to 12.7%, while warrants or equities constituted 20.3%.
The next company is PennantPark Investment Corporation. From inception in 2007 to the end of 2017, PennantPark deployed approximately $7 billion into over 500 companies with more than 180 sponsors. The company operates with different subsidiaries with PennantPark Investment Corporation and PennantPark Floating Rate Capital, Ltd., Forming the company’s publicly traded businesses. As of the end of the financial year 2016, the company had invested over $229.3 million in different portfolios with a yield of 11.2% of the investment.
Finally, Hercules Capital is among the P3 companies selected. The company has been growing with different motives as driven by the vision of serving the needs of entrepreneurs and public investors, as highlighted by the CEO and the founder chairman of the company in the year 2003. The company strives for alternative investment opportunities that stimulate a good venture in the world market. To achieve the strategy, built of Hercules Capital, which was publicly traded were essential and consequently led to listing in NYSE as a Business Development Company(BDC) as an enterprise having an excess value of $1.6 million, with a market cap of $1.0 million. The company is globally recognized as the largest non-bank source of financing for entrepreneurs to accomplish their goals and expand their capital base.
This section provides an in-depth analysis of the portfolio for purposes of evaluating the portfolio Risk, Return, variance, and standard deviation while making a comparison with other portfolios, that is, P1, P2, and P3. Under each type of portfolio, the selected stocks are analyzed using different approaches. It is noted that the selected stock in each portfolio varies from others since they were picked from different sectors in the stock market. The data used for analysis utilizes the financial year 2020 historical data obtained from the website.
The following is my actively selected portfolio(P1):
Name of Company
Company’s Appreciation
Closing prices (2020), $
Number of shares
Position $
Proportion of Share in portfolio
Best Buy
BBY
115
259
19471
1.8%
Microsoft
MSFT
232
7560
610260
56.8%
Boeing
BA
214
565
188427
17.5%
Walmart
WMT
148
2830
256260
23.9%
Total
1074418
100.0%
Calculating portfolio parameters
To effectively compute the portfolio parameters, return and risk of the portfolio, the study utilizes the weekly prices uploaded from historical data of each stock and S&P index for the financial year 2020. The changes in parameters and the entire portfolio, thus calculated for the report analysis.
Prices ($)
Changes (%)
Date
BBY
MSFT
BA
WMT
S&P
BBY
MSFT
BA
WMT
S&P
10/12/2020
119.35
219.66
167.35
144.71
3462.25
10/19/2020
118.21
216.23
167.36
143.85
3451.75
-0.96%
-1.56%
0.01%
-0.59%
-0.30%
10/26/2020
111.55
202.47
144.39
138.75
3264.75
-5.63%
-6.36%
-13.72%
-3.55%
-5.42%
11/2/2020
123.06
223.72
157.74
145.77
3500.75
10.32%
10.50%
9.25%
5.06%
7.23%
11/9/2020
114.30
216.51
187.11
150.54
3582
-7.12%
-3.22%
18.62%
3.27%
2.32%
11/16/2020
119.14
210.39
199.62
150.24
3554.25
4.23%
-2.83%
6.69%
-0.20%
-0.77%
11/23/2020
112.63
215.23
216.50
151.60
3636.5
-5.46%
2.30%
8.46%
0.91%
2.31%
11/30/2020
108.86
216.21
213.01
152.64
3660.5
-3.35%
0.46%
-1.61%
0.69%
0.66%
The expected returns are measured from weekly returns. The risk element of stock or portfolio is measured in terms of standard deviation from the portfolio theory. Therefore utilizing the above stock parameters and the S&P index parameters, we can compute the expected returns and the standard deviation.
Company
Share in portfolio
Expected Returns(Ri)
Variance
Standard Deviation (s)
Best Buy
1.8%
-1.31%
0.39%
6.24%
Microsoft
56.8%
-0.23%
0.28%
5.31%
Boeing
17.5%
3.45%
1.02%
10.12%
Walmart
23.9%
0.76%
0.08%
2.75%
S&P
0.80%
0.14%
3.81%
Calculating the Risk and Return for Portfolio
The purpose of creating a portfolio by investors is to achieve optimal investment by diversification of non-systematic risks. The comparison of average risk and return is essential in analyzing a well-performing stock and shares’ sensitivity to market parameters. To determine our stock’s performance with respect to the S&P index, we compute the correlations between the stocks.
BBY
MSFT
BA
WMT
BBY
1.000
0.514
-0.424
-0.237
MSFT
0.514
1.000
0.124
0.359
BA
-0.424
0.124
1.000
0.934
WMT
-0.237
0.359
0.934
1.000
The portfolio risk is given by the formula;
RP= SWi *Ri
Where
Wi is the weight of stock i,
Ri is the returns stock i
Table 1
Company
Share in portfolio
Expected Returns(Ri)
Wi*Ri
Best Buy
1.8%
-1.31%
-0.024%
Microsoft
56.8%
-0.23%
-0.128%
Boeing
17.5%
3.45%
0.604%
Walmart
23.9%
0.76%
0.182%
RP
0.634%
The return our portfolio(Rp) is 0.634%. This imply that, our portfolio is not good since it is less than the S&P index (1.83%).
To evaluate if our portfolio is optimal is calculate the portfolio risk. The portfolio risk as measured by the standard deviation is computed as follows.
Step 1: Determine the weights of the stock
Step 2: Determine the Expected returns
The first two steps presented in above table 1.
Step 3: Establish Variance Covariance Matrix
BBY
MSFT
BA
WMT
BBY
0.00334
0.001908
0.000926
0.000643
MSFT
0.001908
0.002418
0.001914
0.000965
BA
0.000926
0.001914
0.008785
0.001978
WMT
0.000643
0.000965
0.001978
0.000648
Step 4: Compute the standard deviation
The portfolio variance from the above computation is given by 0.001947. The standard deviation is the square root of portfolio variance, that is, 0.044128. Therefore, comparing to S&P index of 1.83%, our portfolio is better off and thus less risky than the S&P index.
This is a measure of excess return over a unit of risk.
Company
Expected Returns(Ri)
Risk(s)
Risk-free Rate(Rf)
Sharpe Ratio(SR)
Best Buy
-1.31%
6.24%
0.1%
-22.7%
Microsoft
-0.23%
5.31%
0.1%
-6.1%
Boeing
3.45%
10.12%
0.1%
33.1%
Walmart
0.76%
2.75%
0.1%
24.1%
Portfolio
0.63%
0.04%
0.1%
1213.6%
S&P index
-1.10%
4.80%
0.1%
-25.0%
Using this analysis, investors should choose stock with a higher SR since it assures a higher excess return for every unit of risk undertaken. Therefore, in our portfolio, Boeing is the optimal choice.
Markowitz’s portfolio theory provides a trade-off mechanism for risk tolerance and reward expectations for a given portfolio taking into account the goal of maximizing the returns at a minimum level of risk while diversifying the other securities. The theory assumes that investors are risk-averse and prefer less risky portfolio for any given returns(Mangram, 2013). Using this theory, the analysis utilizes efficient frontiers of a portfolio where the only portfolio under feasible points is considered optimal. To effectively make this analysis, the report takes a randomly selected portfolio and tries to establish the maximum return of the portfolio.
First, I compute the individual stock’s expected returns as shown below.
Computing the Individual stock risk and return
Step 1: Determine the expected returns
Prices ($)
Changes (%)
Date
CIT
MET
NVDA
AXP
CIT
MET
NVDA
AXP
10/12/2020
25
39.28
552.46
104.91
10/19/2020
31.3
40.94
543.61
100.98
25.20%
4.23%
-1.60%
-3.75%
10/26/2020
29.45
37.85
501.36
91.24
-5.91%
-7.55%
-7.77%
-9.65%
11/2/2020
31.97
40.48
582.48
96.69
8.56%
6.95%
16.18%
5.97%
11/9/2020
34.35
44.74
531.88
114.99
7.44%
10.52%
-8.69%
18.93%
11/16/2020
34.6
45.87
523.51
112.58
0.73%
2.53%
-1.57%
-2.10%
11/23/2020
34.46
47.45
530.45
120.59
-0.40%
3.44%
1.33%
7.11%
11/30/2020
34.41
46.91
535.6
119.93
-0.15%
-1.14%
0.97%
-0.55%
Company
Expected Return (Ri)
Weight(w)
CIT
4.56%
0.8792
MET
2.54%
0.0000
NVDA
-0.44%
0.0000
AXP
1.91%
0.1208
Total
100%
Step 2: Computing the Covariance matrix
CIT
MET
NVDA
AXP
CIT
0.002364
0.002565
0.001795
0.003375
MET
0.002565
0.003249
0.001268
0.004527
NVDA
0.001795
0.001268
0.006296
0.000461
AXP
0.003375
0.004527
0.000461
0.007329
Step 3: computing the portfolio risk and standard deviation
Portfolio return is 0.0424346, it is noted that the initial portfolio return equivalent to zero since the weights of stocks are zero. The calculated portfolio risk is equal to 0.002486 implying a minimum risk, and good investment opportunity.
To conclude the comparison, using the same criteria, I analyzed the passive portfolio. The passive portfolio comprise the stock of T, MCC, PNNT, and HTGC.
Prices ($)
Changes (%)
Date
T
MCV
PNNT
HTGC
T
MCV
PNNT
HTGC
10/12/2020
27.33
23.11
3.16
11.63
10/19/2020
27.82
24.35
3.08
11.53
1.79%
5.37%
-2.53%
-0.86%
10/26/2020
27.02
24
2.91
11.2
-2.88%
-1.44%
-5.52%
-2.86%
11/2/2020
27.44
23.35
3.02
11.4
1.55%
-2.71%
3.78%
1.79%
11/9/2020
28.91
23.46
3.29
12.43
5.36%
0.47%
8.94%
9.04%
11/16/2020
28.32
24.44
4.26
12.89
-2.04%
4.18%
29.48%
3.70%
11/23/2020
29.03
24.19
4.6
13.61
2.51%
-1.02%
7.98%
5.59%
11/30/2020
28.87
24.69
4.48
13.54
-0.55%
2.07%
-2.61%
-0.51%
Covariance Matrix
T
MCV
PNNT
HTGC
T
0.000681
-0.000079
0.000033
0.000702
MCV
-0.000079
0.000756
0.000687
-0.000103
PNNT
0.000033
0.000687
0.009792
0.002293
HTGC
0.000702
-0.000103
0.002293
0.001387
Portfolio Risk and Standard deviation
The portfolio return equals 0.009509, while the portfolio risk is equal to 0.000684. This depicts a lower risk for the portfolio.
The beta factor is an essential measure of the sensitivity of securities concerning the market. The factor is useful in the CAPM model as it describes the relationship between expected return and the overall systematic risk. This model is critical in the valuation of risky securities and making optimal decisions by risk averse investors (Bradfield, 2003). In essence, the beta depicts the swings in the market and the appropriate response for investment in such a security.
The beta values of my portfolio are the calculated below.
Share in portfolio
Beta
Best Buy
1,80%
0,14
Microsoft
56,80%
1,32
Boeing
17,50%
1,63
Walmart
23,90%
0,48
Beta portfolio
1,15
Share in portfolio
Beta
CIT Group
2,44%
-1,02
MetLife
16,36%
1,02
NVIDIA
52,32%
1,53
American Express Company
28,87%
0,97
Beta portfolio
1,22
Share in portfolio
Beta
AT&T
99,27%
0,42
Medley Capital Corporation
0,12%
0,35
PennantPark Investment Corporation
0,19%
1,43
Hercules Capital
0,42%
0,44
Beta portfolio
0,42
Beta values have different implications as they depict the stock’s volatility with respect to the whole market. If the value is 1, the portfolio sensitivity moves like that of the market, while a higher beta ( more than 1) implies greater volatility and high risk and vise versa for a lower beta. Besides, a higher beta implying high volatility of the stock and thus riskier has a great potential for high returns. On the contrary, the beta with a lower value is less risky but has low returns.
4.0 Conclusion
The portfolio is a collection of securities with the aim of diversifying the systematic risk as proposed by the portfolio theory. The portfolio analysis is essential in evaluating the investment decision for different investors depending on their perceived risk attitude. The portfolio analysis is part of and parcel of managerial functions in maximizing shareholders’ wealth goals and thus demands well-informed choices. Therefore, strategic decisions in portfolio evaluation need focus and necessitates development and mapping for strategic portfolio change. The portfolio of projects consisted of projects and other related work in strategic implementation. These projects contribute to the organization of their mission and vision. Projects the projects’ portfolio was a priority based on their strategic importance, financial benefits, types of projects, the complexity of the project, the level of risk, and resource requirements. The Necessary project decision is essential and should be accepted, based on a separate adoption in accordance with the policy approval group before its implementation. These results can be used in further studies and improve the effectiveness of the portfolio. Therefore, a portfolio was created which will bring a real profit. Estimating the effectiveness of a particular portfolio includes a periodic determination of execution and implementation of the portfolio, taking into account cash flows received and the accompanying risk as evaluated with respect to the investor’s risk attitude.
Bradfield, D. (2003). Investment Basics XLVI. On estimating the beta coefficient. Investment Analysts Journal, 32(57), 47-53.
Mangram, M. E. (2013). A simplified perspective of the Markowitz portfolio theory. Global Journal of Business Research, 7(1), 59-70.
Author
I need help with investment management assignment? worry no more. Alen Owen is an investment management assignment writer with advanced skills in portfolio construction and analysis and performance measurement. This portfolio management assignment solution was done by Alen Owen with assistance of financial analysis essay writers.
Why struggle
Evidence-based practice in nursing has become vital to improving the quality of care provided to patients. Incorporating evidence-based practice into nursing significantly improves patient outcomes and patient, family, and healthcare provider satisfaction. On the other hand, it can reduce costs and the risk of maltreatment by cutting down on avoidable tests and procedures.
What is Evidence-based Practice in Nursing?
Evidence-based Practice (EBP) is an approach to healthcare that utilizes up-to-date research available to improve patient health and safety to reduce overall cost and variability in health outcomes. EBP can also be described as a problem-solving approach to the delivery of health care with the integration of the best evidence from well-designed studies and patient care data while combining it with patient preferences, values, and nurse expertise.
Process of Implementing Evidence-Based Practice in Nursing
Evidence-based practice has seven steps, which are numbered from zero to six. So, here is a brief overview of each step in the EBP process.
Step Zero: Cultivate a Spirit of Inquiry
To cultivate the spirit of inquiry, you must ask curious questions. For instance: in patients with head trauma, how does supine positioning compared with elevating the head of the bed 30 degrees affect intracranial pressure? By asking this kind of question, you lay the foundation for EBP. Without this spirit of inquiry, the successful steps in the EBP process won’t follow.
Step 1: Ask Clinical Questions in PICOT Format
Inquiries in the PICOT format take into account the patient population of interest (P), intervention (I), comparison intervention or group (C), outcome (O), and time (T). The PICOT format offers an efficient framework for searching electronic databases designed to retrieve articles only relevant to the clinical question. Taking the rapid response teams as an example, you can frame a question about whether the use of such teams will result in positive outcomes as follows: “In acute care hospitals (P), how does having a rapid response team (I) compared with not having a response team (C) affect the number of cardiac arrests (O) during four months (T).
Step 2: Search for the Best Evidence
The PICOT format offers the best way to search for evidence to inform clinical practice. For instance, if a nurse, in the rapid response case we used above, types “what is the impact of having a rapid response team?” into the search field of a database, she or he will have several abstracts, most of them irrelevant.
If the PICOT format is used, it will help identify the keywords or phrases that, if typed and combined well in the search engine, will find all the relevant articles for the question. In the PICOT question on rapid response teams, the key phrase to fill into the database search field would be acute care hospitals. This is a common subject that will yield thousands of citations and abstracts.
The second phrase to search would be rapid response team, then cardiac arrests, and the other remaining terms in the PICOT question. Lastly, combine the results of the searches for each of the terms to narrow the results to articles pertinent to the clinical question. Also, it helps to set limits on the final search.
Step 3: Critically Appraise the Evidence
Now that you have a selection of articles for review, you must appraise them to determine which ones are the most relevant, valid, reliable, and applicable to your clinical question. In this process, use the following three critical questions:
Are the results of the study valid? The question of validity is founded on whether the research methods are thorough enough to render findings as close to the truth as possible. Did the scholars randomly assign subjects to treatment or control groups and ensured shared key characteristics before treatment? Were valid and reliable tools used to measure key outcomes?
What are the results and are they important? For purposes of intervention, the question of study reliability addresses if the intervention worked, its impact on results, and the possibility of getting similar outcomes in the nurses’ practice settings. In qualitative studies, however, the question of reliability includes determining whether the research approach fits the purpose of the study, as well as other aspects of the research such as whether the results can be confirmed.
Will the results help me care for my patients? The question of study applicability covers clinical considerations such as whether subjects in the research are the same as one’s own patients, whether the benefits outweigh the risks, feasibility and cost-effectiveness, and patient values and preferences.
Step 4: Integrate the Evidence with Clinical Expertise and Patient Preferences and Values
Certainly, research evidence by itself is not enough to justify a change in practice. Clinical expertise, based on patient assessments, laboratory data, data from results management programs, and patient’s preferences and values are critical elements of evidence-based practice. Since there is no clear-cut formula for how to weigh each of these elements, the implementation of EBP is highly influenced by institutional and clinical variables.
For instance, there is evidence indicating reduced incidences of depression in burn patients if they get eight sessions of cognitive-behavioral therapy before hospital discharge. You what your patients to receive the therapy up to the eighth session and so do they. However, the budget constraints your hospital experiences hinder it from hiring therapists to provide this treatment. So the resource shortage deters enactment of the evidence-based practice.
Step 5: Evaluate the Outcomes of the Practice Decision or Changes Based on the Evidence
Once an EBP is implemented, it is vital to monitor and evaluate any changes in outcomes to ensure positive effects are supported and negative ones remedied. Remember that because an intervention was successful in a thoroughly controlled trial does not imply it will equally be effective in the clinical setting.
Monitoring the effect of an EBP change on the health care quality and outcomes will help nurses spot flaws in application and identify the most precise way most patients can benefit. If the outcomes diverge from those reported in the research literature, monitoring will help find out why.
Step 6: Disseminate EBP Outcomes
Nurses can attain excellent outcomes for their patients through evidence-based practice, however, they often don’t share their experiences with fellow nurses in their own or other healthcare facilities. This leads to pointless replication of efforts and propagates clinical approaches that aren’t evidence-based.
One of the best ways to disseminate successful initiatives of EBP is by doing EBP rounds in your institution, presenting at local, regional, and national conferences, and reporting in peer-reviewed journals, publications, and professional newsletters.
Undoubtedly, the application of EBP in nursing has significantly increased in different hospitals and healthcare centers worldwide. Evidence-based practice project ideas offer a great way to gain valuable knowledge and practice while providing patient care. Furthermore, EBP offers an opportunity to help nurses by contributing to global healthcare.
Some of the most pressing evidence-based practice project ideas concern medical surgery, geriatrics, midwifery, and management and leadership in nursing. Need some inspiring topics for your upcoming nursing EBP project? Look no further! Here are 40 nursing EBP project ideas you can consider in your nursing evidence based practice paper.
Latest 40 Nursing EBP Project Ideas You Can Use in your DNP Journey
As a DNP student, you will be required to develop EBP project to demonstrate your skills to translate evidence into practice and communicate outcomes. Our non exhaustive list of innovative EBP project topic idea should be your first landing before you can start writing your project. Our top DNP project writers have prepared a latest 40 nursing EBP project ideas you can use in your DNP proposal
Senior nurses and attitude towards the application of evidence-based practice care solutions – a primary investigation
Evidence-based nursing practices for the disabled in inpatient settings in the US – literature review
Selection of treatment procedure through evidence-based practice – an analysis of nursing care
Evidence-based support for Continuing Professional Development requirements in nursing education – analysis of literature
Mental health nursing – perspectives from evidence-based practice in the US
Is care quality improved through evidence-based nursing? An investigation
A systematic investigation of the relationship link between nursing education and professional excellence in the US
Nursing staff screening and recruitment – an evidence-based approach
Why is evidence-based nursing and care highly recommended? An explorative analysis
A critical appraisal of the challenges in the implementation of evidence-based practice in nursing in the US
An analysis of the practical implications of the theoretical foundations for evidence-based nursing practice in the US
Safety precautions for patients with dementia in inpatient settings in the US based on evidence-based practice – review of literature
Catering to patient preferences through the evidence-based nursing approach – an analysis from the US
How do practitioners evaluate evidence-based nursing practices? An investigation
Tracing the historical context of evidence-based practice in nursing in the context of current achievements
What do nursing students think about evidence-based practice in nursing? A qualitative study
Palliative care in inpatient settings – a review of evidence-based practice perspectives in the US
Addressing the implementation gap between knowledge and practice in evidence-based nursing in the US
What is the impact of nursing leadership styles on the synthesis of evidence-based practice in Cardiac ICUs in the US? A primary exploration
The use of social media applications for the provision of evidence-based nursing care in the US – an investigation
What is the role of evidence-based practice in promoting collaborative decision-making in ICUs in the US?
A systematic review of the specialized evidence-based nursing practice models in the US and the UK
Evidence-based nursing evaluation and practice as an integral part of nursing education – a review
How do nurses translate evidence base into actual practice? A qualitative exploration of the quantity and quality of theoretical evidence translated into practice in the US
How relevant are PICOT guidelines in evidence-based nursing evaluations and practice care solutions? Review of literature
How do nurses define safety in practice – an evidence-based care approach
The evidence base for sexual abuse in developed and developing countries – a literature review
Evidence-based nursing in real-world contexts – an analysis
Is the evidence-based practice of a health concern universal or does it differ according to co-related determinants? An Investigation through peer-reviewed literature
What do nursing students think about evidence-based practice in nursing? A qualitative study
The collective knowledge of a nursing department based on evidence-based practice – how often does this happen?
Antibacterial foam dispenses effectiveness compared to simple washing of hands with water and soap in nursing units
Does the historical evidence point to the efficacy of analyzing evidence-based practice for nursing studies? A review
What is the best way to write a systematic review to maximize the efficacy of evidence-based practice? Insights from literature
Is evidence-based nursing effective in sharpening nurses’ critical thinking skills? Qualitative guidelines
Effects on oral contraceptives, especially on weight gain
NCLEX: When should you perfectly take it
How do nurses use evidence-based practice for self-care?
Professional wisdom or educated guidelines? An analysis of the impact of evidence-based practice on nurse care delivery in the US
Nursing theories learned in nursing school: Are they applied in practice
Conclusion
Without a doubt, there are several great nursing EBP project ideas to choose from. So, figure out what works best for you and create a winning EBP project for your DNP. You can present the outcomes to your fellow nurses or publish your results in a nursing journal article for the rest of the nurses worldwide to read and practice.
Besides, if you are looking to get help with Nursing EBP project writing, don’t hesitate to place an order with us
A case study is an academic assignment that asks specific questions about issues, problems, or situations to help a professional or student identify and analyze the issues or problems in the given situation. It also offers suitable responses, preventative measures, or solutions to the problem or issues. A case study also requires the student to incorporate theoretical knowledge to solve the problem or issue arising from the situation.
Writing a case study assignment requires intensive investigation of the issue or problem, examination of all available alternative solutions, and giving recommendations for the most effective solutions to the problem based on evidence. If you want to write a successful case study, then be sure to have all the relevant materials and sources for the assignment.
Types of Case Studies
You may encounter different case study assignments as a university or college student. However, these different case studies depend on the subject or field you are pursuing. These are the most popular case studies you may encounter:
Descriptive Case Studies: These case studies describe a case to help others understand the problem or issues examined. These case studies are mainly used as a research method.
Cumulative Case Studies: These case studies require students to collect data and information from different sources at different times. They are common in qualitative research and are a method of data analysis to prevent avoidable new investigations.
Exploratory Case Studies: These are often used as outlines for more extensive research studies. These case studies will inform you why you might need large-scale research or not. These case studies are usually used in the social sciences and concentrate mainly on real-life cases.
Intrinsic Case Studies: Intrinsic case studies aim to provide in-depth research on case questions. It also allows for case study analysis by addressing what is available. The main focus in this type of case study is focusing on the subject and limiting the exploration of that particular case.
Instrumental Case Studies: These study cases are designed to address the components of the study through the use of student materials as the tool or instrument that leads to scientific evidence. Still, you will have to explain your outcomes.
Now that you understand the different types of case study writing, it will be easier to understand the step-by-step writing process.
A Steps-by-Step Case Study Writing Process
A case study assignment can prove challenging, especially when you need help figuring out where to start. However, below are steps to follow to get started!
Read the Case Study Questions and Understand
Before you start writing your case study, read the case study and the associated questions carefully. Identify the main issues, problems, or points of the case study. Analyze the questions to find out what they require you to do. Revisit the case study topic and link the relevant information to each question asked.
Determine the Issues or Problems in the Case Study
Case studies describe a scenario that may arise in a specific social context or field of study, thus involving many people in complex situations. Therefore, case studies will describe a problematic scenario, possibly in how it is handled or its intricacy. However, it is essential to analyze the scenario and determine the problem or actions described in the case that may be problematic.
Connect Theory to Practice
Utilize your knowledge of the current codes or practices, theories, or other scholarly documents and behaviors to determine what was done correctly and what was not. For instance, determine whether appropriate interviewing techniques were used or if people were interviewed in your case study.
Plan your Answer
Consider using the questions you set as your guidelines to answer each section of your case study. That way, you reduce the chance of forgetting the set question. You can then remove the heading before you submit your document for grading.
Begin Writing Your Case Study
Up to this point, you have everything you need for your case study. So, it is time to put it down on paper. Ascertain that your case study writing process is founded on the data and information gathered during preparation.
Introduction
Make the introduction as clear to your reader as possible what topic you intend to discuss and how you intend to discuss it. If you have carefully read the questions, understood them, and researched and planned your answers, you will have a clear idea of what you will write.
Allow your introduction to transition from general to specific information. Most importantly, let the last sentence of your introduction be a thesis statement, and it should bring out what readers expect in a clear and precise manner.
Body Paragraphs
The body paragraphs are where you discuss the case study. Depending on the number of questions you have set and how much discussion is involved in answering each question, decide on the number of paragraphs required.
Ideally, use four paragraphs to exhaustively discuss a complex question and one paragraph for a fundamental question. However, you need to have one main point for each paragraph. Consider including headings to clarify your answers while avoiding repetition or rambling. Bear in mind your total word count for your case study while you write. You can divide your body section as follows:
Background Information
When writing a case study assignment, you must include background information and an excellent panoramic view of the issue or problem you intend to cover.
Presentation of Data
In case study writing, actual data must be presented. Including actual data will add credibility to the case you are trying to solve. Data can be derived from the questionnaires and interviews you conduct. Therefore, let the reader know what you learned from the questionnaires and interviews about the issue, its development, existing solutions, and expected outcome.
Possible Solutions
Be sure to provide the possible solutions for the case; you must provide the case itself along with the case solutions. For instance, you can refer to some of the statements by the respondents from your interview. The idea here is to give the reader a complete understanding of the issue or problem. Also, make recommendations on the possible solutions for the problem or issue under discussion.
Conclusion
Essentially, your case study conclusion should summarize all of the main points covered in the body paragraphs without introducing new ideas that need to be covered in the body. More importantly, make your conclusion as conclusive as possible.
Referencing
Since a case study assignment is academic, adding references is very important. This is because references add credibility. So, use reliable referencing to make your case study credible, especially if you’re borrowing ideas from other authors.
Edit and Proofread Your Case Study
When you are done writing your case study, you need to edit and proofread your document. Correct any spelling inconsistencies, grammar mistakes, punctuation errors, and sentence structure, and ensure there is a smooth flow from one sentence to another. Most importantly, it ensures coherence and the transition of ideas from one paragraph to another.
Submit
If you are satisfied that your case study assignment document demonstrates that, if you were a professional handling that specific issue or problem, you would know the kind of procedures and policies to be followed or the actions to be taken to handle the problem professionally, then you can submit it for grading.
What to do to Improve your Case Study Assignment
Use relevant, trustworthy data or references.
A good case study must have trustworthy and reliable data and information. Case study assignments should always appeal to real situations. Therefore, use objective evidence and data to strengthen your assignment. If you can obtain actual data, consider using data that is as close to the real thing as possible.
Use a Clear and Easy Writing Style
Consider using a simple, easy, and involving writing style to catch your readers’ attention. Remember that formatting plays a more significant role in your case study assignment than you can imagine. Reading a long text with no heading, bolded text, graphs, bullet points, etc. can be monotonous. Therefore, make your case study assignment more readable and attractive by using these formatting methods wherever suitable.
Conduct the Research
When writing a case study assignment, always start by researching extensively and collecting as much information and data as possible about the case. That way, you will have a better understanding of the case. Also, gather reliable and trustworthy sources, ideally from journal articles, interviews, videos, and presentations.
Once you have all the information and data, analyze it and determine the essential facts for your case study topic. Develop an outline so that you have a straightforward plan to follow during writing.
Final Thoughts
At this point, you now know how to write a case study. However, if you experience any challenges in completing your case study assignment, you can avail of our case study assignment writing help. We are a top-rated case study assignment writing company with the trust and credibility to help students write exceptional case study assignments!
Why is a DNP Degree Worth it? 7 Awesome Benefits of DNP
Earning a master’s degree in nursing is not the end of your academic career. Yet, there are occasions when going forward seems like an impossible task. Maybe you’ve hit a wall and aren’t sure what to do next. In fact, this occurs frequently.
Despite this setback, many nurses now opt to continue their education and earn their Doctorate before retiring. Maybe you’ve thought about it before, but if you’re still not convinced, that’s fine. A DNP degree — why bother?
An increasing number of nurses are seeing the value of earning a DNP degree. In this article, we’ll explain why that could be a wise decision.
We’ll also spend some time discussing what is a DNP and the eligibility criteria for earning one. But let’s back up and begin from square one.
What Exactly is a DNP?
The acronym DNP certainly packs a punch, but what does it stand for? These three letters denote a very lofty academic accomplishment: a Doctor of Nursing Practice. The Doctor of Nursing Practice (DNP) is the last and final degree that can be earned in the area of nursing. That’s right?, you upper classmen out there: this degree is for you.
And yet, a Doctor of Nursing Practice (DNP) degree is a big move forward in the right direction for your professional life. You will be recognized as a leader in your field and will have a significant impact on patient care and policy.
Who is Eligible to Get a DNP?
As we mentioned above, a Doctorate is the highest level of education attainable in a certain field, and it is often earned after a Master’s. This is often a three-stage procedure. The route to a doctorate is slightly different for nurses.
If you’re a nurse with a bachelor’s degree but no master’s, you can still earn a Doctor of Nursing Practice (DNP). Some schools provide a direct path to the Doctor of Nursing Practice degree.
Thus, many nurses wonder, “What kind of nursing degree should I get?” Which is better, a Master of Science in Nursing or a Doctorate of Nursing Practice? Should I pursue a Doctor of Nursing Practice degree if I already have a Master of Science in Nursing (MSN) degree?
So, let’s dig deeper into the distinction between these two nursing degrees and see if we can come up with a satisfactory explanation.
DNP vs the MSN
You could be thinking, “that sounds fantastic, but it appears that I already can secure some of these jobs with only my MSN,” and you would be partially correct. Aside from the fact that you’re both nurse practitioners (NPs), there aren’t too many differences.
No matter what speciality you ultimately decide on, having either the MSN or DNP will enable you to practice as a practitioner at a high level. In contrast, the DNP will provide you with expertise that is uncommon among nurses who only hold an MSN.
Several of these skills include:
Educational and administrative leadership training.
Education concerning healthcare regulations and legislation.
Competence in working with others in different fields.
Healthcare system training.
Evidence-based practice education.
Translation of evidence into practice
Some groups are advocating for a DNP degree as a minimum requirement for all APRNs because of the importance of these abilities. Although a Master of Science in Nursing (MSN) is now required to practice as an advanced practice registered nurse, there is a desire and drive to make a doctorate degree (DNP) mandatory.
Fear not; this will not render your current position obsolete. Your master’s degree will not prevent you from working as a nurse practitioner.
Ten years ago, the American Association of Colleges of Nursing (AACN) planned to eliminate MSN programs by 2015. Their policies are meant to encourage nurses to pursue a doctoral degree in nursing (DNP) rather than settling for an MSN. As you can see, though, that plan failed. You shouldn’t worry.
7 Benefits of DNP – Why Earning a DNP is Worth it
Earning a doctorate is a significant milestone, but getting there can feel like an insurmountable challenge at first. Is it therefore worthwhile to work toward a Doctor of Nursing Practice degree? Let’s look at some of the reasons you might want to pursue a Doctor of Nursing Practice.
1. Methodological Modernization
Keeping up with the latest advancements in the healthcare industry is essential for clinicians and nurses, who must today be experts in a wide range of topics, from emerging medications and technologies to diagnostic procedures and therapeutic modalities.
A Doctor of Nursing Practice (DNP) indoctrinates nurses on the latest medical developments, scientific discoveries, research methods in nursing, and popular trends in healthcare and clinical science.
2. Possibilities For Specialization
Earning a Doctor of Nursing Practice (DNP) degree can open doors to a variety of career paths that are unavailable to nurses with only an Associate Degree in Nursing (ADN) or (BSN).
If you want to work in a specific area of healthcare, you may need additional training that is only available through a DNP degree. It equips you with the skills necessary to qualify for a job in clinical leadership, academia, or administration.
You can specialize in areas like child care, anaesthesia, management, or leadership within the nursing profession. Aside from that, you can look forward to investigating things like patient outcomes, the efficacy of various treatments, and the promotion of sustainable change to encourage healthier routines and better outcomes for patients.
3. Ability to Influence Healthcare Policy
Acquiring a Doctor of Nursing Practice (DNP) degree equips you with the information and skills necessary to advocate for healthcare policies that prioritize patient safety, quality treatment that is individualized for each patient, efficiency in healthcare delivery, and fairness in healthcare access. Educators can produce and disseminate materials that are both effective and based on solid facts.
A DNP prepares you to lead the nursing profession and the public in improving healthcare delivery and patient outcomes.
4. Potential for High Salary
Salaries for a doctor of nursing practice (DNP) vary from year to year but typically increase rapidly after the first year of practice. You may find that your salary shifts as you move between jobs. There was an average annual salary of $107,000 for DNPs as of May 2022, per studies.
But the salary ranges for various sub-fields of expertise vary. To give just one example, the highest DNP income typically goes to licensed registered nurse anaesthetists, while family nurse practitioners typically earn significantly less.
5. Better Career Opportunities
Some healthcare leadership and management positions may be inaccessible to persons with only an MSN but may be available to those with a Doctor of Nursing Practice degree. As a nurse, you have the option of working in a variety of roles, including that of educator, administrator, clinician, and scholar.
Furthermore, those with a Doctor of Nursing Practice degree might hold executive positions in healthcare organizations’ nursing divisions.
Working in one of these fields could provide you with a chance to affect healthcare delivery in both concrete and abstract ways.
Everyday chores to ensure patients are effectively cared for can be efficiently organized, supervised, and coordinated by you. You may also serve as a liaison between the hospital’s patients, staff, and higher-ups such as the executive team and the board of directors.
6. Increases Trustworthiness
If you want a career in health care that involves shaping public policy and administration, a Doctor of Nursing Practice (DNP) can help you establish yourself as an industry leader. As a result, people will assume that you are competent and diligent since you have the requisite information and skills.
With a doctoral degree in nursing under your belt, you’ll be in a prime position to shape the future of healthcare policy. If you’re looking to move into an administration role in the medical field, a terminal degree may make it easier to gain admission to medical institution boards. It may take some effort, but you will get the most of the credit due to your impressive qualifications.
7. Employment Stability
DNPs are in high demand, and the business is growing to meet that need. Jobs have increased by 40% since the last census, which is far faster than the average for all occupations.
By allowing you to continue your education in nursing after completing your bachelor’s degree, a DNP can help you maintain your competitive edge in the job market.
Without having to worry about your job going nowhere, you may actively seek out ways to expand your professional knowledge and direct care skills. Furthermore, doing so raises your value to the company.
So, In the end, Is DNP Degree Worth it?
To be a nurse is to be at the forefront of a patient’s and their loved ones’ fight for better health. Furthermore, as an APRN, you are at the forefront of providing that patient with care across the board.
When you’re an APN with a doctorate, you’re at the forefront of care for patients and their families, the health care system, and communities on every level from the neighbourhood to the nation to the world.
Is it therefore worthwhile to earn a Doctor of Nursing Practice degree?
Absolutely!
Though it takes lots of sacrifice to complete DNP degree, it is worth the sacrifice and effort. With the right DNP project help and support you can earn the coveted title of DNP and enjoy the seven great benefits that comes with the accomplishment.
Differentiating BSN, MSN and DNP: Find Out The Best Choice for You
Committing to ongoing learning and education improvement is a requirement for success in the healthcare sector. There are many opportunities for advancement in nursing; the trick is to determine which ones are best for you. Because of this, nurses at all levels are looking for ways to advance in their careers and are trying to figure out what degree will help them land the jobs they want. This typically entails earning a Master of Science in Nursing (MSN) or a Doctor of Nursing Practice (DNP). Some also might think earning a Bachelor of Science in Nursing (BSN) is the best choice.
Numerous factors and circumstances must be considered because the final choice is personal and depends on your situation. Read on to learn which degree path might be the best choice for you based on your background and situation.
A Bachelor of Science in Nursing: What Is It?
The first step to becoming a registered nurse with a license is to earn a BSN or bachelor of science in nursing. The BSN program prepares you for employment at the entry level in clinics, hospitals, and other healthcare facilities. This means that although you don’t really need any prior experience, some exposure to the field will be beneficial. Furthermore, even though you could still work as an RN without a BSN, going the extra educational mile can lead to more responsibility and a higher salary.
BSN Core Curriculum
Nurses must be prepared to navigate this new healthcare environment as nursing is evolving quickly. Most universities around the world have updated their curricula, which will give students the best preparation for giving patients high-quality, safe care. To fulfill the university’s core curriculum requirements, the prerequisites for the bachelor of science in nursing (BSN) major, and the prerequisites for the BSN foundation, students enroll in a variety of courses.
Coursework for the first year (sophomore level) includes knowledge of the nursing discipline, fundamental health assessments, clinical nursing skills, and clinical experiences.
A combination of lectures, laboratory simulations, and clinical experiences for the second year (junior level). Nursing care for adults and older adults, pregnant women, children, and their families are the courses that call for clinical experiences. The average weekly clinical time for these students is 12 hours.
Coursework in the third and fourth years (senior year) consists primarily of precepted clinical experiences, classroom instruction, completing nursing assignments and simulations. According to their courses, students spend an average of 16 to 24 hours weekly in clinical settings.
Application Requirements for BSN Candidates
You must visit the website for the BSN program at the university of your choice to find accurate and current information on the requirements for applications. Either way, the requirement will be somewhat similar to this;
Academic Transcripts– For review purposes, official copies of all your post-secondary transcripts, including those for any courses you might have taken at a community college or while studying abroad, must be submitted.
Letter of Recommendation- You should provide one or two academically-based letters of recommendation. You can submit them online.
A document proving English language proficiency may also be required. A score of 6.0 is required. However, depending on the university, the cut-off score can be as high as 7.5.
Statement of purpose or personal statement
Clinical Work Entailed in Most BSN Programs
A crucial component of the BSN curriculum is practical, hands-on experience in actual clinical settings. Learning institutions collaborate with local hospitals and other healthcare organizations near their campuses to give students the necessary hours, certifications for exams, and extensive experience and exposure to various facets of the nursing profession. Depending on the institution, BSN students may take a variety of clinical courses throughout their program, such as:
Mental Health
Women’s Health
Pediatrics
Community Health
Acute care (collaborating with a preceptor in person)
Typically, 60 clinical hours are needed for each of these courses. Each student collaborates one-on-one in a specific area with a nurse preceptor.
For instance, in the community health course, students complete a community assessment in pairs, identify a community health need and plan and carry out an overall teaching project at a chosen agency or organization.
BSN Degree Requirements: Credit Hours
Depending on the program option they are pursuing, students must complete a minimum number of credit hours for the degree and a minimum number of credit hours that should reflect major nursing courses to be eligible for graduation from the Bachelor of Science in Nursing program.
You must complete 120 credits in most BSN programs, earning a C or better in every discursive course and an S (Satisfactory) in every clinical/practicum course necessary for the degree. 75 of the 120 credits must be from major-related nursing courses.
BSN Research Scope
The inclusion of research in a BSN program reflects the nursing industry’s dedication to the promotion of health and sedentary lifestyles, the advancement of quality healthcare, and the importance of placing professional nursing practice in research.
BSN research entails:
Nursing education research- The discipline and practice of professional nursing are the main research topics in nursing education.
Clinical research- The scientific underpinning for providing care to people of all ages in clinical research. It is based on biological, behavioral, and other types of investigations.
Research on health systems and outcomes- Here, healthcare services’ accessibility, value, and cost are examined.
What Does a Master of Science in Nursing Degree Necessarily Involve?
A master of science in nursing, or MSN, is a post-graduate advanced degree for registered nurses. Students with a BSN degree can enroll in these programs, which typically last two years. Students with bachelor’s degrees in health-related fields may be admitted to some MSN programs.
Before earning a master’s degree, students in an MSN degree program must complete their basic nursing education requirements to become legally qualified registered nurses. There are many nurse practitioner programs from which to choose if you decide that obtaining a graduate degree in nursing is the best option for you. Here are some more details about what an MSN degree entails:
Application Requirements
If you want to enroll in an MSN program, you must fulfill the following criteria:
Possessing a valid nursing license from your state.
A Bachelor’s degree in Nursing from an accredited institution
An application that is fully completed and the necessary fees for your school
Nursing experience of at least a year (this will depend on the school and specialty you are choosing)
Most schools will also require you to submit recommendation letters and a statement of purpose, and you might need to enroll in some prerequisite courses.
MSN Curriculum
There are two tracks in the MSN program for registered nurses:
BSN Track – Students who have earned a BSN should enroll in this track. BSN graduates begin the program at the level of the core courses.
RN Track – Students with an associate’s degree in nursing or a nursing diploma who want to become registered nurses should enroll in this track. Before beginning the core courses, students must complete several semester credits of foundational coursework. These courses provide the necessary information and learning opportunities.
The core curriculum, specialization curriculum, and capstone courses are all the same for every student. The foundational courses give students graduate-level training, in theory, research, diversity, law and ethics, and healthcare systems. The specialty courses, which build on the foundational courses, give students direction and instruction for influencing nursing practice in particular areas.
The capstone courses allow students to apply what they learned in earlier classes to real-world situations and assess how well they’ve accomplished their professional and organizational objectives.
Clinical Work
Nurse practitioners and nurse midwives are the two specialties with the most APRN MSN degrees. Most MSN-trained nurses are employed full-time in various settings, including hospitals, clinics, private practices, and academic and research-based institutions. A nurse with an MSN degree will be prepared to:
Act as a sole practitioner in the area of specialization.
Dispense drugs in accordance with their area of expertise.
Own and run a private medical practice in accordance with local laws.
Credit Hours Required for an MSN
MSN programs frequently concentrate on particular subject areas. A minimum of 40 to 43 credits must be completed in the nursing education concentration for an MSN program. In addition, nursing students require a significant number of practicum hours.
To graduate, a public university’s MSN family nurse practitioner program requires 45 credit hours. Thirty-five credit hours of lecture-based coursework and 10 credit hours of clinical practice were completed over six or seven semesters.
A private university’s MSN family nurse practitioner program requires nursing students to complete 700 hours of clinical work in addition to 48 credit hours. To graduate from the school’s RN-to-MSN program, students without a BSN degree must complete 54 credit hours.
MSN Research Scope
Global demand for qualified nurses with strong interpersonal and leadership skills who can provide care and guarantee research is carried out in accordance with established standards has grown along with the number of clinical trials. Teams of these nurses are employed by academic medical centers, pharmaceutical firms, and universities. Graduates of the MSN in Clinical Research Coordination will be prepared to:
Carry out research interventions
Organize and evaluate medical data
Sync up the research
Analyze the effects of the treatments on the participants
Organize reports, operating records, and financial plans.
Doctorate in Nursing Practice(DNP)
Nurses who want to work at higher levels receive specialized, advanced training through the Doctor of Nursing Practice or DNP degree program. While traditional Ph.D. programs may emphasize academics and research, a DNP program may assist nurses in acquiring the knowledge and training needed for more advanced practice and leadership roles.
Application Requirements
The DNP Program has a competitive admissions process. It is advised for prospective applicants to read all application-related materials and stay current on the timelines and deadlines for the specialty in which they are interested. Some of the most typical DNP application requirements are:
Candidates must hold a regionally accredited institution’s BSN or MSN degree.
Candidates must have completed their last 60 modules of nursing coursework with a 3.0 GPA or higher.
The Post-DNP Master’s specialty applicants need to hold a valid, unrestricted APRN license.
Transcripts from each post-secondary institution attended by the applicant must be submitted.
DNP Curriculum
The DNP program’s academically demanding curriculum equips nurses to take on the challenges posed by the modern healthcare environment. Using a variety of distance learning technologies, the DNP curriculum offers at least six semesters of doctoral-level didactic and clinical coursework. Focus areas for the DNP program include evidence based practice and quality improvement, organizational and systems leadership, health policy, economics and finance, information technology, and emerging practice challenges. Graduates will have the knowledge and abilities to promote patient safety standards, enhance health outcomes, and lobby for policy changes and quality enhancement at local, regional, and national levels. DNP program culminates with writing and presenting a DNP project that translates research into practice.
This rigorous project require students to put in at least 540+ clinical practicum hours.
Clinical Work
Participating in supervised clinical settings gives nurses a chance to develop their professional roles in advanced nursing practice. In the student’s particular area of nursing specialization, DNP programs strongly emphasize the most recent evidence-based best practices to improve outcomes and raise the safety and quality of nursing care.
Clinical practicums can be completed in a range of locations, including clinics, hospitals, community centers, and health departments. In clinical settings, students learn to lead multidisciplinary teams, apply theory to nursing practice to enhance outcomes, and create and test fresh, research-based nursing care models. The practicum offer students DNP project writing guide for their final project.
Required Credit Hours
All candidates for the DNP degree must finish at least 72–74.5 credit hours of graduate-level coursework. The number of credit hours required varies depending on the student’s areas of emphasis. Depending on the review of the transcript and the applicability to the particular area of study, up to 38 credit hours of prior graduate-level coursework may be accepted toward the total hours needed for the DNP degree.
Research Scope
The DNP is a practice-focused degree that equips nurses to transform research into practice and bold system change to improve the health of individuals and populations. A DNP degree equips graduates with the skills needed to utilize research effectively and apply it to practice. Given the lengthy delay in translating research into patient care, this viewpoint is crucial in driving those changes in clinical practice.
Due to the intensity of the program you will face challenges related to DNP scholarly writing always feel free to consult DNP project writing services or preceptors for guidance
Finally!
Even RNs with extensive experience in the field may not fully understand how these three degrees differ. Their focus is the primary key distinction. Medical skills like helping those with various mental illnesses or administering anesthesia are the main focus of MSN degrees. DNP programs incorporate that training with an additional emphasis on the management of employees, statistical analysis, and leadership. A BSN program prepares nurses for a wide range of careers and graduate study.
80+ Best Nursing Capstone Project Ideas For MSN, DNP Capstones
Both undergraduate and postgraduate nursing students are required to write nursing capstone projects. The culminating assignment evaluates student knowledge, skill and implementation of nursing knowledge acquired during the program. Therefore, in your nursing capstone project you are required to demonstrate competencies in research, critical thinking, organization and communication.
Nursing capstone can be formatted as a policy analysis, case studies, program evaluations or research depending on nursing program requirement. However, they will consist of evidence based practice formal paper. The approach heavily relies on data just like in any scientific project to formulate solution to a clinical problem.
The process of developing a nursing capstone project starts with finding feasible nursing capstone project ideas. Unfortunately, most nursing students face difficulties generating suitable nursing capstone idea. With the right skills and guidance developing nursing capstone ideas is easy. If you grind to a halt you can talk to your instructor or DNP capstone project writer for assistance.
The first step involves brainstorming all the nursing themes you have learnt both in class and during clinical rounds. You’re turning a whole bunch of nursing capstone project ideas over in your head. But you haven’t picked any one of them. Some of your nursing capstone project ideas seem to be too broad while others aren’t even researchable. It’s also possible no nursing capstone ideas are swirling around your head at this time. That’s awful. And you’re looking around to see if you can get a bit of inspiration. You’re in luck. We’ll suggest 80+ nursing capstone project ideas to get your thinking into gear.
You Seek Practice-based Nursing Capstone Project Ideas
There are different kinds of studies conducted around the nursing world every day. For the most part, researchers focus on generating new knowledge for their field. But some studies aim to provide practical solutions to an existing problem rather than generating new research. The nursing capstone project is an example of such studies.
While writing your nursing capstone project, the goal should be to change or implement a policy, process, or procedure. Practice-based nursing continues to gather up momentum everywhere. And it’s only natural that your nursing capstone project should reflect that reality. Your familiarity with practice-based nursing should help you think up a ton of good nursing capstone project ideas.
Where Do I Get Suitable Nursing Capstone Project Ideas?
You can fish them out from lots of places. Let’s look at some of the sources that could give you good ideas for your nursing capstone projects.
Class notes and past papers
Start with your class notes. A review of the notes you’ve written throughout the semester gets your brain spewing out great ideas. You’ll also want to dig up a few of your past nursing essays, term papers, and case studies. Skim through them. See if you can get a couple viable nursing capstone project ideas.
Past nursing capstone papers
Past capstone papers written by other student nurses may also be a source of many suitable ideas. Scan them. See if any good ideas pop into your head.
You’ll want to capture ideas and thoughts as they happen. You don’t want to exclusively rely on memory. That’s because memory fades — quickly.
Your clinicals
Clinicals are another awesome place when it comes to finding good ideas. You’ve worked with a real nurse (preceptor). And you’ve learned a ton.
You’ve got firsthand knowledge regarding how nurses provide care. To what extent did the facility apply evidence-based nursing? Did nurses use traditional method where a new evidence-based one would’ve been the best idea?
Recent nursing journal articles
You likely are a regular reader of a few nursing or medicine-focused journals. That means you’ve devoured loads of research and review articles.
Have you read the most recent publications? What topics are trending in the vast nursing world? What one idea can’t medical researchers stop debating? Reading recent articles published in peer-reviewed medical journals is a great way to land viable nursing capstone project ideas.
Read news articles
What do you think of that gripping news article that detailed abuse in a local nursing home? Wouldn’t you like to do something for those ill-treated elderly folks?
Abuse in nursing homes is a perennial problem. What do you think management in those facilities should do to combat this stinking vice? As you ponder the problem, many viable ideas for your nursing capstone will spring to mind.
But these aren’t the only sources for good nursing capstone project ideas. What other places can you think of? Don’t worry. We’re here to help. And the time’s come for us to present the ideas we promised you.
Let’s roll.
80+ Nursing Capstone Project Ideas You Can “Borrow” for Your Project
Compassion fatigue in Operating Rooms nurses
Burnout in critical care nurses
Why inpatient medication education matters
Reviewing clinical workload policy in nursing programs
Understanding nurse compassion satisfaction vs. burnout to boost productivity
Nurse-physician collaboration and job satisfaction
The ambulatory oncology environment and patient safety
Interactivity during the onboarding orientation of nurses and the attendant perceptions
Using simulation in the academic setting to incorporate caring competencies
Nurse retention and the factors that influence it: The perception of hospice nurses
The place of hospice and palliative care in nursing education
Correlation between emotional intelligence and caring behavior in Emergency Room nurses
Simulation design: Implementing best practices
Intuition and years of experience in an area of clinical practice: Is there a relationship?
Using unit-based simulation for improvement of cardiopulmonary resuscitation skills
Effects of Implementation of evidence-based fall risk scale on fall rates
Person depression stigma in hospital-employed Registered Nurses
Do Demographic factors correct with adherence to hemodialysis treatment regimen
Identifying and referring patients to palliative care: Primary care nursing barriers
Effects of social media stress and the implications for quality of life of nurses
Using technology to teach mindfulness meditation in palliative care
Compassion fatigue in private practice
Correlation between exercise and compassion fatigue in medical surgery nurses
Using telephone follow-up to lower readmission rate in patients after gynecologic oncology surgery
Designing and Implementing a new graduate Registered Nurse residency program
Preparing student nurses in the obstetrical environment using high-fidelity simulation
Alcohol withdrawal syndrome
Measuring depression in males with Obsessive compulsive personality disorder
Factors influencing the decision of mothers regarding breastfeeding
Using technology to improve patient safety in nursing homes
Utilization of concept maps in enhancing critical thinking first year student nurses
Relationship between patient perception of urgency and utilization of emergency departments
Assessing transformational leadership in nurse managers
The effect of non-pharmacological protocol on sleep quality in a geriatric population
Effects of organizational communication on job satisfaction among delivery room Registered Nurses
Examining peer-led simulation on critical thinking and cognitive learning
Understanding the attitude of Registered Nurses toward patients with obesity
Evaluating purposeful rounding on patient falls
Examining the relationship between hospital orientation and unit orientation
Nursing education and experience and their impact on medication mistakes made by Registered Nurses
Early detection of prostate cancer in African American men
Examining sabotage and workplace bullying
Assessment of delirium by critical care nurses: Practices and perceptions
Nursing attitudes toward patients suffering from HIV and Aids
Understanding the factors that influence parent satisfaction in relation to pediatric nursing care
Using non-pharmacological methods to provide care to dementia patients
Lyme disease: prevention and management
Diabetes: Management and prevention
Proving nursing care to patients with ADHD
Visitation models: A review
Nursing roles: A review
Designing a new program for easing new Registered Nurses into their units
Reducing re-admissions of patients after heart surgery through after-the-operation follow-up
Examining the transitioning of a new graduate RN from the classroom to the hospital
Designing a new method for calculation of dosage
Using probiotics to prevent diarrhea after use of antibiotics
Emergency planning systems
Preventing dementia in patients with dysfunctional behavior
Sexual harassment among Registered: Examining barriers to personal growth and development of female nurses
Designing a program to improve access to quality care by pregnant women in rural areas
Preventing and treating obesity in children aged 6-12
Improving the quality of life for patients with congestive heart failure
The effects of longer work shifts and productivity among registered nurses in busy hospitals
Does online learning affect the competence of nurses graduating from online nursing programs?
Personalized approaches to management of sleep disorder in elderly patients
ADHD and bipolar disorder in young children aged between 6 and12 years
Managing psychological systems using non-pharmaceutical methods
Screening for apnea in patients with heart disease
Perception and utilization of emergency departments by patients in palliative care
Managing dysfunctional behavior in patients with dementia
Encouraging breastfeeding to promote infant health
The effects of stress on productivity and job satisfaction of the occupational health nurse
Preventing intraoperative hypothermia through pre-procedure warming
Developing a new mental health guide for educators
The impact of nursing essays on clinical decision making skills
Rekindling and fanning the passion for nursing among final-year student nurses
Using pre-employment testing to improve retention of nurses
Incorporating mindfulness education into learning to reduce stress among nursing students
Examining lateral violence among new graduate Registered Nurses
Exploring nurse readiness for inpatient diabetes management
The effects of peer-mentoring on academic performance of nursing students
Developing an orientation program for clinical psychology experience
Using simulation during orientation to increase self-confidence in nurses around hospital procedures, policies, and equipment
Use of music in pain management
Implementation of new education method to improve diabetes management
Did You Spot Any Good Nursing Capstone Project Ideas?
Have you identified any DNP Project Ideas for Emergency Department you might want to look at more closely? Did you say yes? That makes us feel useful. We provide advice for students struggling with different nursing topics and writing projects. We don’t write assignments and papers for students, though. Instead, we craft perfect nursing papers so that student nurses can elevate their writing skills in no time. Don’t worry. You have our 100% money-back guarantee as a bulwark against uncertainty and worries. Submit your instructions now.
Top MBA Capstone Project Ideas For Theses and Dissertations
Those who want to advance their skills in their business career often pursue a Master of Business Administration degree. Due to the advanced business techniques and skills that the MBA program exposes students to, completing a project for this program can be difficult if you do not have access to trustworthy and relevantMBA capstone project topic ideas. Before starting your proposal, you should develop a researchable topic for your project because a Master of Business Administration project requires extensive and original research.
Given that this is your first time completing this kind of project, it might be challenging for you to think of a catchy and original title. It is advised that you look for a MBA project writers that can assist with fresh and original research topic ideas for an MBA thesis so that you can develop a distinct and researchable MBA project. Your goal should be to gather MBA capstone project ideas that can be of assistance in producing a suitable case study in accordance with your area of specialization, whether you specialize in economics, human resource management, accounting, marketing, technology, entrepreneurship, business management, finance, e-commerce, or any other field.
Marketing: MBA Capstone Project Ideas For Beginners
Many MBA in Marketing courses includes various projects to improve your educational experience. Here are a few interesting and excellent business capstone project ideas you can choose from for your MBA marketing program. You can request our MBA project help service to assist you turn any topic into a viable project.
1. Examining consumer behavior and developing user engagement and retention strategies for a platform that streams documentaries
One of the most important steps in developing effective marketing strategies to engage & retain users, especially for brands with digitally based platforms, is understanding consumer behavior.
2. Review and analysis of consumer delight with online shopping portals for e-commerce
The world has seen a boom in e-commerce over the past six to seven years, but ask yourself this question; are customers happy with their online shopping experience, or are there still some issues that need to be resolved?
3. Customer service’s impact on customers in the telecom industry over the last ten years
Customer service is a significant component of after-sales care that can improve the client’s overall experience and delight them to keep them coming back for more. What effect would such a strategy have in the competitive telecom sector?
4. Strategies for acquiring online customers for a new-age furniture and appliance rental startup.
For furniture and rental startups to reach their potential customers on Fb, Twitter, Google, Instagram, and other platforms and gain clients at a reasonable cost, they would need to implement the proper messaging and targeting strategies along with the proper optimization strategies.
5. Research on packaging for different product types and its application as a brand-building tool
Consumers remember brands based on the color schemes and packaging used for different products, and packaging has long been utilized as a tool for branding promotions.
6. Increasing brand awareness among the target section through innovative & creative social media strategies for a young travel company
Social media strategies can greatly increase brand awareness and customer engagement when used properly.
7. Analysis of the brand positioning of Coca-Cola, one of the most recognizable brands in the world, from its inception to the present
After studying consumer behavior and the psychology of the target market, Coca-Cola’s marketing team used a variety of creative strategies to transform a beverage drink into one of the world’s most beloved brands.
8. Analysis of how the global auto industry is developing, including top brands, consumer trends, market share, and marketing strategies and campaigns
The automobile industry is one of the most fiercely competitive, with many domestic and international players. Sales are challenging, and consumer behavior patterns are distinctive. Because of all these factors, brands must work arduously on their marketing plans to stand out.
MBA Capstone Project Ideas for IT
IT projects have grown more complex as the topics for MBA projects have advanced. Information technology must be more flexible and user-friendly as users demand, making competition more important. Students pursuing MBA capstone project topics in IT must complete a project to demonstrate their knowledge of the material. They must develop an IT project that will demonstrate the knowledge and skills they have acquired throughout the MBA program.
Students should exercise extreme caution when selecting topics for their IT-related MBA projects. While common topics will give a poor impression of your competence, well-prepared and researched topics will make a positive impression. Students must therefore conduct adequate research before beginning any IT project.
Picking the best subject for their projects is a common challenge for students. They frequently choose very simple subjects for their projects or pick the hardest ones to make an impression. But they frequently fall short of getting good exposure from them. They might not be putting much thought or effort into the project topics. However, these minor project failures will harm their career as a whole. Therefore, each student must take these MBA capstone project ideas in Information Technology seriously.
Here are the trendiest IT capstone project ideas for MBA students.
A review of the performance of the current payroll system and the creation of a brand-new, comprehensive payroll system.
Creation of a web-based airline reservation system.
Designing a server for a multiplayer chess game.
To develop a job search engine for both candidates and employers.
Online shopping portal design and development.
Secure online survey system design and development.
An organization’s transition to voice over internet communication protocol is due to advanced technology.
An investigation into how well teams can monitor mobile network tower signals.
MBA Capstone Project Ideas That Have Not Received Much Research
It takes a lot of research into your field of study to identify areas that prior studies seemed to have overlooked to come up with MBA capstone project ideas that will make your dissertation stand out and earn you a Master’s Degree. However, this can be quite simple if you have clearly defined your areas of research interest. Here are a few examples of MBA capstone topic ideas in fields that haven’t been thoroughly investigated:
The effects of automation on the supply chain industry.
The contribution of workplace diversity promotion to enhancing corporate culture.
An analysis of the effects of unconscious bias in hiring decisions.
The importance of product personalization and customization in digital relationship marketing in times of pandemic.
The advantages of emotional branding and its effects on customer loyalty.
The significance of the virtual supply chain in facilitating transient business partnerships.
The contribution of workplace diversity promotion to enhancing corporate culture.
Consumer purchase decisions and animated online advertising.
An analysis of how effective margin financing is for financial performance.
AI’s effects on businesses and how they affect market research.
MBA Capstone Project Ideas for Business Analytics
Due to technological advances, in recent years, the amount of data available has grown exponentially. This has created new opportunities for companies to utilize the data to make informed decision. Business schools have introduced programs that teach prospective professionals on deriving insights from structured and unstructured data. MBA in business analytics curriculum tailors to produce graduates with strong understanding and skills in descriptive, predictive and prescriptive analytics to make data-driven decisions.
The culmination of the program is completion of a capstone project. Students are required to utilize analytics to solve a real world business problem. The capstone project requires a student to define the business problem, collect and analyze data and model and develop actionable solution. In case a student does not have a sponsoring organization for his project, he will be required to scout for a topic to work on. Here are a few MBA capstone project ideas for business analytics that business analytics students can use:
Predicting employee attrition and performance
Conducting market basket analysis between soft drinks and pastry
Predicting real estate prices
Predicting commodities prices such as gold, avocado, oil and coffee
Estimating customer churning rate
Predicting load capacity of an airline
Predicting store sales for footwear companies like Nike
Modelling for predicting customer purchases in Walmart
Credit scoring and modelling: predicting default rates
MBA Capstone Topic Ideas in Human Resource Management
An MBA in HR program typically includes several projects to improve your overall learning experience. Applying the ideas and theories you’ve learned throughout the program will enable you to study more efficiently. There is great potential for an MBA in HR. Below we examine some of the most captivating and original MBA capstone project ideas for HR you have access to as a part of your MBA in HR program.
1. Employee Training Requirements in the Banking Sector
Every year, the banking industry changes, and bankers deal with millions of customers, many of whom have little to no knowledge of banking services. This also implies that regular training for all staff is necessary to cater to the needs of all of these customers.
2. Examining Performance Evaluations and Bonuses
Is the appraisal system designed to fairly reward the top performers, or are there flaws that make it impossible to do so? What is the bonus payment structure? Is a fair bonus system in place at the company during successful financial years?
3. The Effects of Career Planning and Progression on Workers in Quick Food Chains
The possibility of career advancement motivates workers to put in extra effort and increase productivity. Advancement in one’s career is frequently accompanied by better pay, a better job, and more respect. How are career development and planning handled in the fast food industry from the ground up while considering the impact on employee morale and motivation?
4. Employee Retention Techniques
An organization should have the lowest employee churn in the sector, and its employee retention programs should be quite successful. Additionally, it should provide various employee reward programs to maintain staff motivation. How should these strategies be put into practice to ensure their success?
5. Investigation of Employee Satisfaction in the Telecom Sector
Tens of thousands of people are employed in the crucial telecom sector. Some of the most well-known businesses, including Airtel, Jio, and Vodafone, are executed in this sector. One of the industries with the most intense competition is this one. The work is monotonous, and workplaces are notoriously stressful. What level of employee happiness do you think this sector has?
6. Employer Branding Techniques in Challenging Businesses
Employer branding enables a business to promote itself to students and potential employees as the best workplace. How will you convince employees to join struggling businesses using various employer branding strategies?
7. An Investigation into the Various Employee Welfare Programs at Fast-Moving Consumer Goods
Many high-end and recognizable brands exist in the quickly evolving consumer goods industry. They have a huge workforce and provide lots of employee-friendly benefits. How have these programs enabled them to maintain a low attrition rate while keeping staff on board for extended periods?
Tips on How to Develop Better MBA Capstone Project Ideas
The ability to select your topic is advantageous. Take advantage of the chance to choose one that will enable you to produce a solid MBA capstone project. The most effective capstone projects have a distinct aim and strategy. They are focused and show a logical progression. So, how do you generate good MBA capstone project ideas? Here are five suggestions to assist you:
● Make sure it’s relevant to your area of expertise
Ensure your MBA capstone project topic is pertinent to your field of study and aligned with your area of expertise. For instance, writing a capstone project on the “influence of workplace diversity on corporate culture” won’t help if you’re a marketing student.
● Think about your professional objectives
It’s best to research a subject that aligns with your professional objectives. In this manner, you will be somewhat familiar with the work environment when you actually perform it in the future. Consider that you are a finance student hoping to work in the corporate investment industry. Instead of choosing a research topic about tax preparation or insurance, you should prefer to focus on corporate or investment banking.
● Identify the project’s scope
You cannot choose a topic that is too broad because that would make your project question too diffuse. This will hinder the outcome and prevent you from focusing on a particular issue or area. In addition, since there won’t be much background data on which to base your research, too narrow topics are constricting. Therefore, determining the scope of the work is essential before you decide to conduct additional research.
● Determine a business core problem
This is not just any project work; it is an MBA project, so you must be able to recognize a business challenge, opportunity, or situation on which to base your research. You can practice your problem-solving skills, which is another crucial trait to possess in the corporate world, when you state a specific business problem, do some research, and then develop a solution based on that.
● Speak with your professor
Lastly, be sure to speak with your professor before you begin your project. It’s always a good idea to bring your professors along because they are there to help you. They’ll be able to offer you insight that will help you narrow down your project question or take into account details you might have overlooked.
FAQ
What is an MBA final project?
This is the last stage of many MBA programs. Here, MBA students apply everything they have learned to solve a core business problem.
How do I find a good MBA capstone project topic?
Review your course readings, or perhaps read up on some of your favorites. You can also pay for business capstone project help from experts capstone writers who will provide you with hottest capstone topics.
How do you select a project title?
You should select a topic depending on your career aims and ambitions. For instance, if you intend to start your own company, MBA project offers you an opportunity to compile a feasible business plan. Selecting an organization based assignment will provide you an opportunity to establish relationship with potential employers.
Conclusion
Considering everything at stake, picking an MBA project topic can be challenging. You don’t want to pick the incorrect subject and realize it’s too late to change. To ensure that you select a top-notch topic that lays a solid foundation for a fantastic MBA project, take your time, pay attention to these suggestions, and consider the suggested MBA capstone project ideas
Differentiating Nursing Research, Evidence-Based Practice and Quality Improvement
As the healthcare systems become more complex, the more the focus on patient experience expands. Nurses have taken the leading role and participated in nursing research studies, evidence-based practice projects, and quality improvement initiatives to improve patient outcomes.
Nursing research, evidence-based practice, and quality improvement all work to support the three main goals of the Magnet Recognition Program and the Magnet Model component of new knowledge, invention, and development. The three main goals of the Magnet Recognition Program include:
Promote quality in a setting that supports the professional practice
Identify excellence in the delivery of nursing services to patients
Disseminate best practices in nursing services
The Magnet Model, on the other hand, includes the following five components:
Transformational leadership
Structural empowerment
Exemplary professional practice
New knowledge, innovation, and improvements
Empirical quality outcomes
To attain the goals of the Magnet Recognition Program and the new knowledge innovation and improvement elements of the Magnet Model, nurses at al levels of the healthcare system must work as a unit. However, nursing research, evidence-based practice (EBP), and quality improvement (QI) has subtle differences; thus, they often overlap, making it difficult for nurses to identify the best option for investigating a clinical problem.
This article will explain the basic differences among nursing research, evidence-based practice, and quality improvement to make it easy for nursing students to know the differences and choose the best option when investigating a clinical problem.
Understanding Nursing Research
The main aim of conducting nursing research is to produce new knowledge or to confirm existing knowledge based on theory. Nursing research involves systematic, scientific inquiry to answer particular research questions or test hypotheses using rigorous and controlled procedures.
Even though nursing research involves investigation, exploration, and innovation, it needs a clear understanding of the philosophy of science. For nursing research findings to be valid and reliable, researchers must use the scientific method in sequential steps.
The research process starts with a compelling question(s) about a specific issue. For instance, what do you know about the phenomenon? What evidence is available or reported? What gaps are there in the knowledge base?
The investigation part of the nursing research involves a systematic, in-depth review of the literature to answer the compelling questions. The identified knowledge gaps often offer the motivation for developing a specific research question(s), a hypothesis, or a hypothesis. A decision can then be made on the primary theory that will lead the Research and help select the methodology to examine the issue.
Nursing research has two main study methods: qualitative (verbal) and quantitative (numeric). However, mixed methods that use both qualitative and quantitative are becoming popular. Whereas the quantitative approach seeks to examine the relationships among a set of variables related to the issue under investigation, qualitative studies aim to establish an in-depth meaning of involved variables.
Ideally, quantitative studies involve scientific methods to determine suitable sample sizes, different designs to control for potential errors, especially during data collection, and extensive statistical data analysis.
In nursing research, discoveries are made as data is collected and analyzed, and results and outcomes are interpreted. The final phase in the research process is the publication of study findings with a description of how the findings contribute to the body of knowledge.
Understanding Evidence-based Practice
Whereas nursing research is about discovering and developing new knowledge or authenticating existing knowledge, writing evidence-based practice (EBP) involves translating evidence and applying it to clinical decision-making. EBP aims to use the best evidence available to make informed patient-care decisions, and as such, the best evidence comes from Research. However, EBP goes further to use the Research and involves clinical expertise, patient preferences, and values.
Moreover, the use of evidence-based practice considers that the best evidence can be that of opinion leaders and experts, although no conclusive information from Research exists. While Research involves the development of new knowledge, evidence-based practice entails innovation that is based on finding and translating the best evidence into clinical practice.
Steps in the Evidence-based Practice Process
The evidence-based practice has seven critical steps:
Cultivate a spirit of inquiry
Ask a compelling clinical question
Collect the most relevant and best evidence
Critically appraise the evidence
Integrate with clinical expertise, patient preferences, and values in making a practice decision or change
Evaluate the practice decision or change
Disseminate EBP results
Nurturing a spirit of inquiry means that collectively or individually, nurses should always be questioning how to enhance healthcare delivery. A compelling clinical question is often initiated through either a knowledge-focused or problem-focused. Problem-focused initiators may emerge from identifying a clinical problem or areas of risk management or quality improvement. On the other hand, knowledge-focused initiators may arise from new research or literature findings, new theories and philosophies of patient care, or new regulations.
Irrespective of the origin of the cultivating question, the next step in evidence-based practice is reviewing and appraising the literature. A literature review for Research often involves identifying gaps in knowledge, but in EBP, a literature review is done to find the best current evidence.
Hierarchy of Evidence in Evidence-based Practice
When searching for the best available evidence, nurses must understand that a hierarchy exists concerning the level and strength of evidence available. The different rankings of evidence available are the same to some degree.
The strongest or highest level of evidence basically comes from a systematic review, meta-analysis, or a developed evidence-based clinical practice guideline based on a descriptive review.
The other levels of evidence are obtained from randomized controlled trials (RCTs), others types of quantitative studies, qualitative studies, and expert opinions and analyses.
Critical Appraisal
Once the evidence is collected, the researcher must critically appraise each study to guarantee its credibility and clinical importance. Critical appraisal is tedious and time-consuming, but it is crucial to determine what was done and how well it was done. Conducting essential assessment aims to answer the following key questions:
What were the results of the study? What is the evidence?
How valid are the results? Can the results be trusted?
Will the results be helpful in caring for other patients? Are they transferable?
Final Steps of Evidence-based Practice
The last step of the evidence-based practice process includes integrating the evidence with one’s clinical expertise while considering the patient preferences and evaluating the effectiveness of applying the evidence. Publishing or reporting the outcomes of EBP projects can help others learn about and use the best evidence.
Understanding Quality Improvement (QI)
Quality Improvement (QI) aims to use a systematic, data-led approach to improve processes and results. The principles and strategies involved in QI have advanced from organizational philosophies of complete quality management and progressive quality improvement.
Even though the concept of quality can be subjective, quality improvement in the healthcare system basically focuses on improving patient outcomes. Therefore, it is essential to clearly define the outcome that requires improvement, identify how the outcome will be measured, establish a plan for implementing an intervention, and gather data before and after the intervention.
Quality Improvement Methods
Different quality improvement methods are available. However, a popular format uses the acronym FOCUS-PDSA:
Find a process to improve
Organize an effort to work on improvement.
Clarify current knowledge of the process.
Understand process variation and performance capability
Select changes aimed at performance improvement
Plan the change, analyze existing data, and predict the results.
Do it; execute the plan.
Study (analyze) the new data and check the results.
Act; take action to sustain the gains.
Unlike EBP and Research, quality improvement basically does not require in-depth literature reviews and rigorous critical assessment. Nurses can be much more involved in QI projects than in evidence-based practice or Research. Moreover, Quality Improvement projects normally are site-specific, and results are not aimed at providing generalizable knowledge or best evidence. For instance, QI projects can include implementing a process to remove urinary catheters within a certain period, developing a strategy to improve wound-care documentation, and improving the process for patient education for a specific chronic disease.
Conclusion
If you are unsure about which practice, policy, or procedure is best, a research project can help generate this knowledge. However, because the best approach, process, or method is not yet known, it is prudent and ethical to assign some nurses to receive one and some to receive another through randomization or other means of assignment to a control group.
Remember:
Nursing research, QI, and EBP all aim to support the three primary goals of the Magnet Recognition Program and the Magnet Model elements of new knowledge, innovation, and improvements.
The nursing research uses a methodology – qualitative or quantitative to develop new knowledge.
EBP finds and uses the best quality clinical evidence from nursing research to make informed patient-care decisions
QI involves systematic processes to improve patient outcomes
Therefore, all nurses must know and understand the differences among these three concepts for excellent delivery of nursing services to patients, promote the high-quality professional practice, and expend best practices in nursing services.
Additionally as a DNP student your required to know the distinctive features of nursing research, evidence-based practice, and quality improvements to guide you in crafting your project to impact patient outcome.
Incase your facing scholarly challenges get in touch with expert DNP project writers for assistance with writing EBP or quality improvement projects.
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Over time, tons of theories have been and are being developed. And the medical field has not been left behind. Understanding theories is a major part of the advancement of the discipline. Taking it down the foundation of theories, a theory is a supposition or a system of ideas intended to explain something, especially one based on general principles independent of the thing to be explained.
Behind every theory, there has to be a theorist and in most cases, when stating the theory, their names are attached, say, Einstein’s theory of relativity, which is one of the most common theories out there. Nursing theories are no different and have theorists who present a set of ideas intended to explain facts or events that help guide and define nursing care and provide a proper foundation for clinical decision-making.
Metaparadigm of Nursing: Explaining Major Concepts of Nursing Theories
The concept of nursing is an all-around concept that works systematically. To make sense of nursing theories you need to first understand the pillars or rather the main concepts tied to nursing.
Person
This very basic component focuses on the ‘patient’ or rather the receiver of the care and this explores all other people in their life. To better understand the ‘person’, a basic understanding of their social, spiritual and healthcare needs is needed. It is argued that a person is better endowed to manage their health when they have proper personal connections.
Health
The health bit to this focuses on the patients well being, In this case, their well-being is not only tied to their physical and anatomy but also their spiritual, emotional, intellectual and social well-being. All these play an important role in the health of the person.
Environment
It has been said, we are as good as what we know which is very much influenced by what surrounds us. This component seeks to express the relationship between a person’s health and how their surrounding can influence their health. The question here is, how can a person’s environment influence their health?
Nursing
Well, this would all be incomplete without their caregiver, who is the nurse. This concept sees to express the relationship between the patient and the caregiver. The role of the nurse in ensuring the patient achieves the best possible health outcome. It is arguably the key component to all this.
Over years of research, numerous theories have been established and while some are still debatable most of them have been adopted and inculcated in learning. However, despite these theories being different, they all share the metaparadigm of nursing.
Levels of Nursing Theories.
Generally, nursing theories are categorized into three levels
Grand nursing theories
These theories are considered to be the most complex as well as the broadest category. It is however applicable in a variety of situations and hence widely accepted.
Middle-range nursing theories
Middle-range nursing theories are quite moderate and are a little bit more specific when compared to grand nursing theories. These theories are less complex and thanks to their nature are testable and hence verifiable.
Practice level nursing theories
These are the least complex group of theories and have a very narrow scope of focus. Their nature allows them to be used only in specific cases and on specific types of patients. On the upside, since they are derived from the other two levels, they are easily complimented.
Here are a couple of nursing theories that you will encounter in the course of your academic pursuit in nursing. They are quite vast and there is so much more information on each of them individually, however, I will just highlight the basics to them.
This is one of the most common nursing theories you will find. Florence Nightingale served as a nurse in the Crimean war and during her time there she made several observations and discovered that due to unsanitary conditions, most soldiers ended up dying from lack of; fresh air, pure water, effective drainage, sunlight and cleanliness rather than they did from wounds.
This formed the basis of her theory and was a game changer which ended up saving many lives back in the day. This theory tends to prioritize the environmental factors, to get the patient back to proper health conditions.
Despite this theory having been fronted in the 19th century its relevance in modern-day society still stands.
Virginia Henderson’s nursing need theory
“The nurse does for others what they would do for themselves if they had the strength, the will, and the knowledge. But I go on to say that the nurse makes the patient independent of him or her as soon as possible.” ~Virginia Henderson
This theory is quite modern and it seeks to promote the importance of increasing the patient’s independence to speed up recovery. Henderson’s theory is both vast and effective and she emphasized the psychological, spiritual, social and physiological components of care.
Patricia Benner’s novice to expert theory
With years of practice comes experience and this is variable since the level of exposure also varies. However, Patricia Benner developed a theory which was pretty much straight forward and it ranked the different levels of nursing into five categories i.e
Novice
Advanced Beginner
Competent
Proficient
Expert: This theory not only takes into consideration the level of experience but also the level of education.
Maternal role of attainment theory (Ramona Mercer): Ramona was a nurse who specialized in maternity and newborn care. Through her various interactions and experience, she realized the importance of bonding and parent-child attachment in a child’s life. She, therefore, created a theory that promotes maternal identity and bonding, however, this theory is not ideal for adoptions.
Ramona gave these four phases in her theory
Anticipatory phase- This starts during pregnancy as the mother-to-be makes certain changes in readiness for the baby
Formal phase- This involves, learning how to take proper care of the baby in various situations.
Informal phase- This is all about adaptation to the motherhood lifestyle and priorities
Personal phase- Individually, the maternal role has to be understood and accepted.
King’s theory of goal attainment
Taking this back to patient care plans, we cannot emphasize the importance of having a plan toward an attainable goal. This is exactly what this theory is about. It emphasizes on the importance of a goal-oriented recovery, that sees the nurse and patient setting goals that they both work towards.
This approach has proven to be quite effective as it incorporates the effort of the patient as well and this sets their focus on recovery.
Nursing process theory
Unitary human beings theory
Martha rogers is the name behind this theory and she depicted it as being a combination of nursing as an art and a science. This theory was based on couple of assumptions revolving around a ‘person’
Self-care deficit theory ( Dorothea Orem)
This theory seeks to provide a guideline on how nurses can help their patients can practice self-care and hereby maintain their wellbeing.
Systems theory
Adaptation theory
Comfort theory
Human becoming theory
Human-to-human relationship model
Interpersonal theory
Transcultural nursing
Importance of Nursing Theories
While this may come as a very obvious question, it is a question worth asking when dealing with nursing theories.
Gives basis for future research
When basing research, scholars will need to study already published work so as to avoid replication as well as know what they agree with and what to dispute. Some of these theories have stood the test of time and are still relevant.
As you know, DNP projects aim at translating nursing research into practice. Nursing theories play a critical role in shaping the parameters of nursing care delivery. Therefore, our DNP capstone project writers utilize nursing theories to translate evidence into nursing practice to align with expected outcome.
Provides a foundation for nursing practice
Theories generally provide a proper basis for learning purposes. Every discipline is based on certain ideologies that have been tested and nursing medicine is no different.
It helps nurses understand their role in healthcare
The role of nurses in healthcare is both vital and complex. They have been entrusted with a very important task that ultimately helps preserve human life and this responsibility needs clarity for the proper execution of tasks.
Allows the nursing profession to maintain relevance
Nursing theories act as a guide and every so often they are revisited just to make sure they are dependable. With new information and theories in play, relevance is maintained since they help solve everyday problems. Their adaptability is a key strength.
Promotes education, research and practice
Right from college to the hospital, these theories remain relevant, after all, we practice what we learn. However, during practice, the hands-on experience sheds a whole different light on what you know.
Nursing theories are accepted universally and are vital to the nursing profession. As you consider having a career in nursing, remember you will learn more than just the human anatomy and procedures. The goal here is to help the patients achieve the best health they can in the most effective and efficient way. On top of that, it will be an added advantage if the patient now knows how to take better care of themselves to avoid frequent visits to the hospital.
Since nursing theories shape nursing concepts and play a critical role in patient care delivery. Nursing student will often be required to complete nursing theories assignments. We are the best nursing paper writing service to help with writing nursing assignments on any of the nursing theories.
A proper theoretical framework goes beyond stating the nursing theory to include detailed explanation of how the DNP will use the theory and its assumptions to investigate the clinical problem. Our DNP writing help will guide you develop a robust theoretical framework based on ethical theories, change theories, middle range theories and practice level theories.