three publications in management
Abstract
This paper analyses three publications in management as required by the assignment requirements. It applies quantitative approach to summarize the first two academic journals and literature review to analyze the third publication. The assignment has provided various topics for completion this paper and this paper tackles articles associated with management. It analyses each publication and provides detailed summary according to the specifications of the assignment. It discusses the aims, thesis of each publication, methodology utilized; it evaluates major findings and finally provides personal views in relation to common understanding and the assignment scope.
Introduction
The three articles considered to develop content for this paper are “Personality Traits of Entrepreneurs”, “Healthy Business? Managerial Education and Management in Healthcare” and “An Invitation to Market Design”. Two of the papers are based on the subject of and entrepreneurship management and the third one falls under strategic marketing. All the three articles have been analyzed and summarized as per the assignment requirements.
“Personality Traits of Entrepreneurs: A Review of Recent Literature”
By Sari Pekkala Kerr, William R. Kerr, and Tina Xu
The academic journal is classified under entrepreneurship management as highlights dominating personalities existing amongst entrepreneurs and the influence on their venture enactment. It is basically expressing three themes which are personality traits in comparison to other groups; attitudes of entrepreneurs related to risk management; goals plus inspirations that drive entrepreneurs towards their pursuits. Don't use plagiarised sources.Get your custom essay just from $11/page
The literature reviews baseline personalities such as big five model, requirements for achievement, self-efficacy, centers of control, ability to be innovative. It also analyses risk attitudes, aspirations and goals of the entrepreneurs. Under each docket the studies are classified under behaviors, entries methods, the results of performance and exit criteria. It shows common outcomes and clashing points and provides reflections of nature associated with entrepreneurship. The literature classifies studies involved by the type of entrepreneurship population that research was conducted upon to identify the key features of associated heterogeneity and highlights anticipated areas of consideration for future large scale research.
The paper under summary considers the characteristic of entrepreneurs using the methodology that has three aspects that entails application of longitudinal information on big and representative model; grades personality characters initially before entry decisions are conducted; and measures personal traits like aversion of risk and self-efficacy associated with entrepreneurship. The literature under review discusses conditions for comparison of entrepreneurs against other management groups and offer deep analysis of resulting start up performance. The paper analyses how the personality traits affect business performance. The research methodology used on the academic under analysis and summary considers several disciplines which includes business management, economics, sociology and psychology. The disciplines are used to come up with solutions to define entrepreneur traits and their underlying drive plus motivation. The big five factor model for personality is applied and fused with other extra dominating trait analysis.
The research has fused and matched resulting traits to describe multidimensional entrepreneurship alignments. The academic journal uses information from year 2000 up to date to argue its core thesis. It applies several research studies from educational database including journals and dissertation papers that covers economics, management and psychology. The groups considered in the research analysis are business managers, business owners and commercial entrepreneurs. The data applied is extracted from Europe, United States, New Zealand, Canada and Australia. The research on risks includes self-reported cases, hypothetical gambling circumstances and metrics of investment history.
The limitations on the research include unclear results and lack of structured format to draw boundary of traits to be considered as entrepreneurship factors. The big five model provides analysis based of the following criteria: openness to experience, Agreeability, Conscientiousness, neuroticism and extraversion. This model enabled the researchers to identify the features that separate entrepreneurs from managers. The thesis of the paper illustrates that entrepreneurs are open to new experiences than business managers and are persistently attracted by ever changing business environment and adaptable to challenges which make them to be more creative.
The prevailing difference between the two according to the big five model is conscientiousness which is oriented to motivation for achievement and dependability. Both entrepreneurs and business managers have dependability as common factor for them. There is lack of clear evidence whether managers have more extraversion that entrepreneurs and the research results also present they have small elements of neurotism and agreeableness. The result also summarized that practicing entrepreneurs who were involved in the research 30.2 percent already have firms, 9.9 percent will establish their companies in the next three years; 46.7 percent are likely to establish their investments in future with 13.2 percent never will to establish their companies. Entrepreneurs have strong self-efficacy, locus of control, need for achievement and are highly innovative to support execution of their business strategies.
The subject of personality traits is detrimental in study of entrepreneurship in multiple dimensions including entrepreneurship, determinants of success and payable employment. The research empirical analysis indicates that entrepreneurs are highly heterogeneous with minimal differences. There is also evidence that productive trend for the future emulates development of new firms and high application of technological trends. The survey has analyzed spaces that exist in personality theory and their models of measure since the empirical tools provided are not disentangle multifaceted and the psychological traits overlap due to casual roles. There is no clear literature that credit specific traits to entrepreneurs since they are exposed to different terms and conditions.
“Healthy Business? Managerial Education and Management in Healthcare” by Nicholas Bloom, Renata Lemos, Raffaella Sadun and John Van Reenen.
Proximity of hospital in relationship with provision of university supply of business and healthcare education is related with management practices for best outcomes. This paper being summarized is associated with strategic management and researches on association between performances of hospital plus education management. This is achieved through gathering of information from management practice databases and various skills which is availed in hospital in nine countries.
The research results indicated that hospitals which are situated next to universities provide both healthcare education and business education thus having excellent management quality. These institutions have overqualified educated managers and exhibit low number of mortality rates. This is validated in comparison to distant institutions that offer only either business education or medical education. Some of them offer nether of the two but this research literature argues that universities should incorporate MBA courses which are focused in enhancing healthcare business skills thus increasing clinical related performance.
The literature under summary highlights the connection between performance in hospitals and management education through gathering of information from management practices sources and skills available in hospitals. The medical care systems are under pressure resulting from aging population, there is increase in medical technological advancements cost, the public have tight budget models and there is increment in expectations. The evidence of high variations existing in efficiency rate in different hospitals and existing medical system challenges can be increased by expanding hospitals productivity.
In United States, the high class areas used a cost that is fifty percent higher than low class areas. Such variation is attributed to technological focus, difference in preferences and the human capital available. This paper under review applies the survey tool which was first applied by Bloom and Van Reen to analyze hospitals in United States and other eight countries. The survey tool methodology provides general and metrics measures used to identify the best management practices above operations, targets and monitoring elements.
Hospitals with efficient management strategies have best medical care practices which are evaluated by survival rates which come from emergency health challenges. These medical facilities also have high number of managers with good business skills evident from their credentials. The methodology applied also considers the advantage of having management human skills and associated results by analyzing information available in world higher education database and in reference of the facilities locations. The research also considers the geographical locations of the health facilities and universities using geo-coding. The analysis of reports available in the research paper shows that universities close to hospitals provide both health care and business courses have better outcomes that other that are situated far away.
It also evaluate the subject with other associated benchmarks such population, climate and income. On the other hand, the institutions which are far from hospitals are only offered either business courses only or medical studies only. The analysis tool used sets a score range of twenty with 1(bad practice) to 5 (best practice); it has four operations questions, five target questions, five target questions and six human capital management questions. The management index in total have twenty questions and uses regression analysis plus varied survey techniques was used to persuade workers to provide precise results.
The rate of response was 34% which was same as school related survey and manufacturing sector outcomes. Sweden response rate was 6 percent, Germany response rate was 53 percent and Brazil response rate 49 percent. The United States eligible heath facilities were 21 percent; the general response refusal rate is 11 percent; Sweden had zero percent of response refusal rate; Germany had 22 percent of eligible hospitals. The sample hospitals which were considered in the criteria of each country with reference to their location, size and ownership.
About 2,000 health facilities from nine and the results shows that management issues for performance in hospitals and the supply of management human capital is Core Avenue of improving productiveness in hospitals. The results indicates that application of management skills greatly improve the performance in hospitals. Therefore it is detrimental for medical institutions to incorporate management skills and associated human capital to provide best services. The managerial skills are important to business organizations and other institutions which are not related to the subject for their operations efficiency and success in business.
“An Invitation to Market Design” by Scott Duke Kominers, Alexander Teytelboym, and Vincent P. Crawford
The academic literature entitled above discusses how effective design for marketing improves the market equity, liquidity and efficiency associated with the market. It expresses the efficient practices that exist in the design of market using three major examples which includes programs for healthcare residency matching, system to distribution of food which is donated to the food banks and latest incentive actions that dispensed spectrum which is wireless from television broadcasting stakeholders to telecoms. The main examples used illustrate how efficient market designing can improve participation, gaming reduction and comprehensive information to boost equity of markets, liquidity and efficiency