How to Create a Growth Mindset as an Entrepreneur

How to Create a Growth Mindset as an Entrepreneur WHAT IS A MINDSET?A mindset is a set of beliefs, assumptions, the views that a person (or a group of people) hold. They determine how we handle situations in life, how we understand them and what actions we decide to take.They are an indicator of whether our minds are ready to sustain the effort needed to achieve success â€" in school when we are young or in business when we become adults. Carol Dweck is a psychology professor at Stanford University. Her fields are social and developmental psychology and her peak interests are motivation, personality, and development.In 2006, she published a book ‘Mindset: The new psychology of success’ and, in 2012, she published ‘Mindset: How you can fulfill your potential’.She used the term ‘mindset’ in the context of motivation and preparedness to grow. Her idea of fixed and growth mindsets was revolutionary.Let us take a short look at these two concepts.FIXED VS. GROWTH MINDSETThe basic difference between the two is as simple as pass iveness and activeness in terms of understanding one’s talents and intelligence.These are actually seen as two extremes on a scale, therefore one person need not have a strictly fixed or growth mindset.People with a fixed mindset see their intelligence as fixed, unchangeable. They do not try to practice and improve their skills.On the other hand, people with a growth mindset see their skills as developable. They believe that they will become better, more skillful and more knowledgeable through hard work.We will go through the basic differences between the two concepts.Fixed MindsetGrowth MindsetFailurePermanentChance to learnBad criticismPersonal attackChance to improveEffortMinimalWork hardPreferred tasksEasyDifficultObstacleGive upSolve problemsFocus onResultsProcessTaking risksNot likelyVery likelyPeople with a fixed mindset see talent and intelligence as something that cannot be changed.Therefore, for them, there is no reason for any effort to be made in order to develop skill s. They see failure as permanent.If they cannot solve something now, they will not be able to do it in the future either. They understand criticism as a personal attack. They prefer to take on simple and easy tasks and choose not to put much effort into dealing with them.When faced with an obstacle, they give up without much trying, as they do not believe that they will learn how to solve the problem. They are always focused on results. Taking risks is not something they would choose to do.People with a growth mindset are complete opposites of the ones with a fixed mindset. For them, failure and criticism are chances to learn and improve. They put much effort into their work and choose to do difficult tasks which will help them grow.They are not afraid of obstacles but gladly wrestle with problems to eventually solve them.Their focus is not on the results, but on the process, because this helps them grow. They see risks as another opportunity to try something new and advance their s kills. TIPS FOR CREATING A GROWTH MINDSETNow we will keep our attention on the growth mindset and see how its aspects influence a person who is (or wants to be) an entrepreneur.We will take one businessman as an example (we will call him Mr. Smith) and walk with this person through the tips for creating a growth mindset.Our entrepreneur has a small shop where he sells car parts. In order to run a successful business, he needs to adopt a growth mindset.Let us take a look at how he may manage to achieve this.1. Change the Fixed MindsetThe first step Mr. Smith has to take is to understand that his mindset leans towards fixed. He believes that he has developed his skills as much as was possible during his education and that they cannot be improved any more.He also thinks that he does not need to put much effort into becoming successful as his intellect cannot be changed. This is not the attitude of a successful businessman.If Mr. Smith wants to have a successful company, he needs to rea lize that he is not too old to learn new things.Developing new skills and gaining new knowledge happens throughout our lives. We ought to be open to changes at every moment.Every person changes over time, whether they realize that or not. People learn all the time, even without being aware of it.When Mr. Smith becomes aware of this, he will make a big step towards adopting the growth mindset.He will be prepared for furthering his skills, for learning about business and the goods he is selling, and for perceiving the right way to treat customers and business associates. He will understand that it is important to stand up after a fall and to take advantage of good opportunities even though they may seem risky.A way to change this mindset is to make a conscious effort to think in the manner of the growth mindset.Mr. Smith should try to do what seems uncomfortable if he realizes that that is the way to the advancement-wise way of thinking.2. Recognize Your WeaknessesAfter he has underst ood that success requires effort and that capabilities ought to be advanced, Mr. Smith is ready for step 2 â€" recognizing his strengths and weaknesses.It is vital that he be aware of his strong and weak sides. With this in mind, he can make out what aspects of his knowledge need to be improved.He may certainly decide to improve his strengths, and this should not be forgotten for sure. But maybe more attention should be paid to the weaknesses, to strengthening them.After making a list of what he needs to learn, he ought to sort it based on the importance. The most important lack of knowledge or skills needs to be addressed first. He may be able to work on two things at once. It is up to him.Recognizing our weaknesses has an awakening effect. We become aware of what we have to work on; our view of our own self may change.But it is fundamental not to let this bring us down.This should just be motivation for us to work on our skills, abilities, and knowledge.If we choose to stay in our comfort zone and not change anything, we are surely in for failure.In that case, we would be stuck with what we are now, which is not good enough for who we need to be in the future.That is when people look for excuses â€" ‘this is not my thing, ‘I am wasting my time with this, etc.To get back to Mr. Smith â€" this step may put in perspective his further actions.He understood that he doesnt have enough knowledge about certain goods from his store and that his interpersonal skills need polishing. He will work to improve that.3. Focus on LearningIt is clear that transforming weaknesses into strengths happen via the process of learning. It may be studying from books or learning by practical means.In any case, this is a process whose result is the gained or improved knowledge or skill.The sole learning should be Mr. Smith’s focus.Though the final goal should be in his perspective in order for him not to lose his way, his focus at any given moment should not be on what he wants to achieve in the end.It takes time to learn, no matter what it is. Let us take into consideration the two things Mr. Smith labeled as his biggest weaknesses.First, it is the knowledge about the goods that he is offering his customers. We will agree that this is very important to know.Mr. Smith may choose to take a book, a booklet, or a manual about these and learn from them, and in the end to ask someone to ask him questions and in this way to estimate whether he has learned it or not. In this case, he has the final ‘exam’ in focus and learns in order to satisfy those questions.But is this really the right thing to do? Though learning in the manner of a schoolchild is necessary for him at this point, it is not the only thing he needs to do to reach his goal. He ought to immerse himself in the process. Practical involvement would be a great way to do this.For example, he may talk with customers and see what they think about the products in question.Maybe someone knows more than hi m about it. Also, customer satisfaction is a very important factor when you want to recommend a product (or to use it yourself).Second, in order to improve the interpersonal skills, he should immerse in the selling part of the business. He may want to watch his employee who works in the sales position or observe salespeople in other stores.He certainly needs to try it out himself and spend some time selling the goods himself. He may ask someone for advice. The focus should be on learning, experiencing, communicating.4. The Process Matters, Not the ResultsThis step is closely connected with the last one, so we will just add a few words about why it is important to focus on the process, and not on the results.We are talking about developing a growth mindset, the one where we are open to improving, learning new things.As we have already mentioned, the process of learning is important here.The result is certainly the motivator.However, having only the result in focus does not help us go through the process easily. We will not enjoy learning. Maybe we will fail to notice a piece of important information.It is not rare that we get new ideas from something we are doing. One information may trigger a chain of thoughts which ultimately lead to a new marketing idea or how to present a new product.If we look at this tip from the perspective of a growing business rather than of personal growth, it still makes sense.Mr. Smith’s goal is to turn his small store into a big supplier at the national level. Instead of thinking only about this goal, it would be much better for him to enjoy the slight growths his store makes regularly.In this process, he will meet many interesting people â€" customers, partners, collaborators.He will visit conferences, fairs, bigger suppliers from which he will learn how to run his business. Going through all this without really focusing on it would be a waste of means and time.5. Difficulties Are OpportunitiesNo endeavor goes by without some ob stacles. They are those that make us stronger.Every problem, be it small and meaningless or big and important, is an opportunity for us to show how skilled and mature we are. People with fixed mindsets see those as reasons (or excuses) to give up. Mr. Smith used to be like that.However, after starting his own business, he realized that this is not a suitable way to go. Slowly, he changed his manner of thinking.Now he does not see difficulties as tragic obstacles which prevent him from reaching his goal, but as a challenge which is an inseparable part of success.He is not afraid of facing problems and he is excited to deal with them. After this change, his business started growing faster and faster.Difficulties put people out of their comfort zones, and that is why the instinctive reaction is to run away from it.However, it is much better for us to gather our strength and bravely go through it. We will emerge stronger, we will jump higher, we will run faster. We will make better deci sions.What does not kill you, makes you stronger. This became the motto of Mr. Smith.He has experienced many problems since he started his business â€" he had a period of a very small number of customers, the sign with the name of his store was printed with a spelling mistake, he had an issue with the amount of money needed to pay taxes â€" but he lived through them all. He was calm and decisive. He did not let obstacles get him down.6. Failure Leads to SuccessThe next step, closely related to the one above, is concerned with failure.As Mr. Smith is safely treading the path from a fixed to a growth mindset, he is learning to accept failure as an opportunity to learn and develop both his personality and his business. He is walking towards success.It is normal to fail. It can happen. We may try something new, which may seem risky. There are two possible outcomes â€" success or failure.Though we always want to succeed, it is smart to be aware that we may fail. And we should not be afra id of that.Being afraid of failure makes us want to retreat to the comfort zone, to give up, to shy away.The lucky ones who are strong enough to deal with these feelings are successful kind. Mr. Smith used his willpower to transform himself from a loser to a winner.Failing at something is another learning opportunity. We learn how not to do something. And that certainly is a piece of valuable knowledge.Mr. Smith has several failures. For example, he made a big discount hoping to attract more customers, but after some time noticed that his revenue became lower due to a bad calculation of the discount. But he did not close the store. He found a solution and got back on his feet.How we interpret failure is an indicator of how we will deal with it in the future.We may see failure as a definitive thing which shoes that we are not capable of doing something.On the other hand, we may see failure as just one attempt.In the next one, we will improve what we did wrong in the first one; maybe it will work.If not, there is the third attempt, the fourth, as many as we need. Is it not better not to give up?7. Do Not Fear CriticismThe last piece of advice for our dear Mr. Smith is not to fear criticism.This may be very hard. It is in our nature to want other people to have a good opinion of us. However, we should not let a bad critique take us down. Not everyone will agree with our choices.Not everyone agreed with Mr. Smiths decision to open a car parts store. Nevertheless, he did. And he does not think it was a mistake.It was hard for him to turn down the volume on the voices that were telling him not to do it.But, as he learned that that is a characteristic of a fixed mindset and that he would not succeed if he listens to them, he managed to change. Mind you, it was not easy, but it was worthwhile.There are various sources to get feedback about your business. It may be the customers.This is actually very useful, as we can get first-hand information about what to improve in our business.The feedback may come from our business associates or partners, or even from the people who are close to us, like our family or friends.It is very important to remember not to take criticism personally. We should sort what we hear and choose good ideas â€" they are bound to be there.FINAL WORDTo summarize, a mindset is a set of beliefs that guides us through our lives â€" both personal and business-related.There is a scale with two extremes â€" a fixed mindset at one end and a growth mindset at the other end. All of us are somewhere on that line.People who have a fixed mindset believe that the intelligence and talent a person has is not changeable, that it is fixed. They are not open to recognizing opportunities to learn and grow. They do not like to take risks. They prefer to do easy tasks which require little effort.On the other hand, people with a growth mindset see talent and intelligence as changeable. They are open to changes and learning. They always seek opport unities to advance their knowledge. This mindset is a recipe for success.You have read here about Mr. Smith, a small entrepreneur who has changed from a fixed to a growth mindset. You saw which tips he followed and which hardships he endured.If you want to create a growth mindset as an entrepreneur, you should follow some basic tips. You should recognize your mindset. If it leans towards fixed, find a way to switch to the growth mindset.You should have a clear picture of what your good and bad sides are. It is important to cultivate the strengths and to improve the weaknesses.After pinpointing them, you should sort them according to their significance and make a plan on how to turn them into strengths.Transforming a weakness into strength is achieved through learning and practicing. Remember that we learn during our whole life and do your best not to lose motivation.An entrepreneur always has new developments to follow, new products to sell, and new programs to use.While you learn, enjoy the process. You can get more than just the desired knowledge if you immerse yourself completely.Do not be afraid of unpleasant situations. They may be some smaller obstacles on your way to success. You may fail in something you are trying to achieve.Do not give up, this is a chance for you to draw some conclusions and to improve your mistakes next time.And lastly, do not fear criticism â€" it is an opportunity for you to hear something about your business from another angle.All in all, the ultimate advice is to be open and hard-working. Keep up the effort and it will produce good results!

Kinship and Politics - 1504 Words

How do these texts illustrate the relationship between kinship and politics? In Greek Mythology, the power of right is passed by kinship in generations, and people’s belief in gods leads their life and their acts show gods’ will. In the meanwhile, politics originally indicates certain relationships are between politics and groups of individuals. Moreover, politics is always referred to methods, including the purpose and the use of power, for addressing impacts on the tendency of those individuals’ performance, as well as their engagement and activities in civic affairs. In result of that, theories of political behavior are aimed at explicating the influences that define an individual’s behaviors, opinions, and participation in civic†¦show more content†¦Athena brought in a new trial system, the introduction of jury, although she still respected that the male should be honored above all else for the sake of that she was born from Zeus’s thigh without any women’s distribution. Athena respects men above all else and so supports Orestes. We can have a look at texts below No mother gave me birth. I honor the male, in all things but marriage. Yes, with all my heart I am my Father’s child. I cannot set more stores by the woman’s death. She killed her husband, guardian of their house. Even if the vote is equal, Orestes wins. These texts provide Apollo and Athena the materials that they found evidences to support the thought of not guilty of Orestes. The violence in the old system has fallen to a continuing circle which forced the gods to find out a settlement of a new system of justice, in which the moral conflicts and disputes would fairly be resolved. The gods themselves could not judge cases, or else the world would be caught in the crossfire of the gods as it had during the Trojan War Thus, in the demand of the new system, the settlement at the end illustrates the relationship between kinship and politics, which is that the establishment of court and the introduction of jury has its own political influence. On the other hand, when the jury cannot achieve the same opinions, the kinship will be considered as an important factor as Apollo had mentionedShow MoreRelatedFamily As A Social Institution Of People927 Words   |  4 Pagesgreat life and happiness that come with it . Using this ideal description as a standard, we all admire and wish to live in such family while in reality it does not exist since all family are under strong variety of affect (economy , social, religion, politic...) this create a continuous conflict between their members making the real family structure very far from what we consider ideal. 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Interpersonal Communication Is An Essential Element Of

Interpersonal communication is an essential element of the human existence. A substantial part of interpersonal communication is nonverbal. Adler, Rosenfeld, and Proctor define nonverbal communication as â€Å"messages expressed by nonlinguistic means† (204). These messages can be used for different reasons, intentionally or unintentionally. Sometimes nonverbal communication is used to replace words, other times it is used to enhance words. There are also times nonverbal communication is used without the user’s awareness of having sent a message. It is said that â€Å"all nonverbal behavior communicates information† (Adler et al. 204). There are many ways a communicator can send nonverbal messages. These include body movements, facial movements,†¦show more content†¦Ã¢â‚¬Å"There are at least 8 distinguishable positions of the eyebrows and forehead, 8 more of the eyes and lids, and 10 for the lower face† (Adler et al. 216). This makes the face one o f the most expressive parts of nonverbal communication. I witnessed a woman reacting to her party host tell a sexually inappropriate story around the dinner table. Her eyebrows were pinched, forehead was wrinkled, and she had a slight frown on the corner of her lips. This is a great example of facial displays because it involves many parts of her face working together to share her feelings. I interpreted her facial display to mean she was appalled and completely disapproved of the dinner conversation. It was clear that the woman did not want to be disrespectful by verbally sharing her opinion. She was able to show respect by withholding her words and providing a facial display instead. It is interesting to learn that vocal elements are not verbal communication. Vocal elements, or paralanguage, is â€Å"the way a message is spoken† (Adler et al. 220). Vocal elements include â€Å"rate, pronunciation, pitch, tone, volume, and emphasis† (Adler et al. 220). A good example of paralanguage is a wife saying to her husband â€Å"I’ve never seen you go shopping before,† with emphasis on the words â€Å"never† and â€Å"you.† It is safe to assume she is in disbelief that her husband hasShow MoreRelatedNursing Theorist, Hildegard Peplau Knew That In Order To1533 Words   |  7 Pagesknew that in order to care for patients, the nurse must establish a strong relationship with the patient. This is an essential element in being able to provide adequate planning, diagnosing, and the successful treatment of patients. Personally, my desire to learn more about Peplau’s theory is because it is a very significant quality to have as a nurse. Nursing is a very interpersonal career, and by forming trusting relationships with patients early in one’s nursing practice, I can provide the bestRead MoreThe Theory Of A Nurse1497 Words   |  6 PagesPeplau knew that in order to care for patients, the nurse must establish a strong relationship with the patient. 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Contemporary Research on Parenting Free Essays

Contemporary Research on Parenting: The case for Nature and Nurture W. Andrew Collins, Eleanor E. Maccoby, Laurence Steinberg, E. We will write a custom essay sample on Contemporary Research on Parenting or any similar topic only for you Order Now Mavis Hetherington and Marc. Bornstein Current findings on parental influences provide more sophisticated and less deterministic explanations than did earlier theory and research on parenting. Contemporary research approaches include: (a) behavior-genetic designs, augmented with direct measures of potential environmental influences; (b) studies distinguishing among children with different genetically influenced predispositions in terms of their responses to different environmental conditions; (c) experimental and quasi-experimental studies of change in children’s behavior as a result of their exposure to parents’ behavior, after controlling for children’s initial characteristics; and (d) research on interactions between parenting and nonfamilial environmental influences and contexts, illustrating contemporary concern with influences beyond the parent-child dyad. These approaches indicate that parental influences on child development are neither as unambiguous as earlier researchers suggested nor as insubstantial as current critics claim. Although the use of donor sperm to enable couples with an infertile male partner to have children has been practiced for many years, it is only since 1983, following advances in reproductive technology, that infertile women have been able to conceive a child using a donated egg (Lutjen et al. , 1984; Trousin, Leeton, Beasanka, Wood, Conti, 1983). This procedure involves fertilization of the donated egg with the father’s sperm in the laboratory, followed by the transfer of the resulting embryo to the mother’s uterus. Thus, it is now possible for children to be born to, and raised by, mothers with whom they have no genetic link. A number of concerns have been expressed regarding the potential negative consequences of gamete donation for children’s psychological well being, the most common of which is that the practice of keeping information about genetic origin secret from the child may have and adverse effect on the quality of parent-child relationships and consequently on the child (Daniels Taylor, 1993; Schaffer Diamond, 1993). As few children are told that a donated sperm of egg had been used in their conception, the large majority grow up not knowing that their father or mother is genetically unrelated to them. Findings suggestive of an association between secrecy about genetic parentage and negative outcomes for children have come from research on adoption. It has been demonstrated that adopted children benefit from knowledge about their biological parents, and that children who are not given such information may become confused about their identity and ar risk for emotional problems ( Hoopes, 1990; Sants, 1964; Schechter Bertocci, 1990; Triseliotis, 1973). In the field of assisted reproduction, parallels have been drawn with the adoptive situation and it has been suggested that lack of knowledge of, or information about, the donor may be harmful for the child (Clamar, 1989; Snowden. 1990; Snowden, Mitchell, Snowden, 1983). From a family therapy perspective, secrets are believed to be detrimental to family functioning because they create boundaries between those who know and those who do not, and cause anxiety when topics related to the secret are discussed (Karpel, 1980). In examining the particular case of parents keeping secrets from their children, Papp (1993) argued that children can sense when information is being withheld due to the taboo that surrounds the discussion of certain topics, and that they may become confused and anxious, or even develop symptoms of psychological disorder, as a result. A further concern raised by the use of gamete donation is that parents may feel or behave less positively toward a nongenetic than a genetic child. It has been argued that the child may not be fully accepted as part of the family, and that the absence of a genetic tie to one or both parents may have an undermining effect on the child’s sense of identity (Burns, 1987). It has also been suggested that whether or not gamete donation has been used in thechild’s conception, the stress of infertility may lead to dysfunctional patterns of parenting, which may result in negative outcomes for the child (Burns, 1990). In spite of the expectations that children conceived by gamete donation may be at risk for psychological problems, a previous study of assisted reproduction families by the present authors (Golombok, Cook, Bish, Murray, 1995) foud a greater involvement in parentiong aoun donor insemination parents than among a control group of parents with a naturally conceived child, with no differences in the quality of parent-child relationships between donor insemination parents and either adoptive parents or parents with a genetically related child conceived by in vitro fertilization. The children in these different family types were functioning well and did not differ with respect to their emothions, behavior, or relationships. It was concluded that a strong desire for parenthood seemed to be more importand than genetic relatedness for fosteringtive outcomes may be expected in families where the child and the father are genetically unrelated compared with families where genetic link exists bet ween the father and the child. How to cite Contemporary Research on Parenting, Essays

Trench Coat Mafia Essays - Crime, Dispute Resolution, Ethics

Trench Coat Mafia Trench Coat Mafia: Address the Hate Always remember that others may hate you but those who hate you don't win unless you hate them. And then you destroy yourself. - Richard Nixon A lot of people are trying to figure out why the two kids in Colorado went on a shooting spree. Many people are focusing on violence, guns, computer games, movies, television, and the free flow of information on the internet. These kids wouldn't have done what they did without a motivation. Their motivation was hate caused by hate. Here are my opinions on some of the things people are focusing on in the discussion this event has brought about: Violence: As Americans it is totally hypocritical for us to say that violence is bad. Every tax paying American supports violence and pays for it. In fact, we support an American foreign policy whose principal is that violence is a valid means to create peace. If you were truly against violence you wouldn't pay your taxes or would move to another country, like Switzerland, where they very rarely use violence (being a neutral country). As far as voting goes, you most likely voted for a congressperson or president who supports violence. If you didn't vote you are supporting the status quo of violence. Guns: As far as the guns related in this incident, numerous gun laws were broken even before the shooting occurred(about 20 laws). Yes, the gun laws probably need to be reviewed but there is obviously insufficient enforcement of the gun laws already in existence and inadequate punishment of the people who break the laws. Detailed statistics on this can be found at the Bureau of Justice Statistics. Computer Games, Movies, and Television: I totally agree that there are many violent computer games, movies, and television shows in the U.S. today. These types of media all have rating systems to help parents determine the suitability for their children. Unfortunately, parents fail to properly utilize these rating systems. Case in point: How many parents let their children under 13 see Jurassic Park? This movie was rated PG-13 and was very violent but I saw a lot of kids under 13 in the theater I was in. The next time you are in a PG-13 or R movie just observe who is in attendance. In regards to first-person shooting games, I really like this April 21st commentary on the subject. My view is that older teens shouldn't have any problem being exposed to these type of games as long as parents are involved with their kids and, like any other thing in their lives, make sure their children don't become overly obsessed with them. After all, we allow children interested in becoming chemists to have chemistry sets and children who are interested in becoming artists to have art supplies. Careers in the military or law enforcement, the last time I checked, are totally acceptable for children to pursue. The Internet: The current state of internet truly reflects the American ideals of free speech and unfettered access to information. Since the electronic world of the internet is a global enterprise, America can not pass laws to block information on the internet as America does not have jurisdiction over all of the content. Instead, parents must take a proactive role in ensuring two things: ol* That children have some barriers to inappropriate content(particularly hate). That children are sufficiently armed with knowledge and morales to deal with inappropriate information when they encounter it. If you bungle raising your children, I don't think whatever else you do well matters very much. - Jacqueline Kennedy Onassis Parents need to take responsibility for their own children's development into a responsible person. If you are concerned about other people's children not being raised properly, you can help guide them too. At Columbine High School there are big problems with the way some kids are being raised. Some parents have not taught their children that hate-violence is wrong. It appears that the students who committed the shootings were instigated to hate the jocks because some of them were bullies. Children need to be taught that the strength of the United States of America is based on our diversity. So called 'oddballs' should not be treated badly by other kids who do not belong to the same 'clique'. American's shouldn't be afraid of kids who where black. These children should be treated as valued members of our society, regardless of how they dress, and not be forced underground. Current

Health Care Finance And Cost Containment Example

Health Care Finance And Cost Containment Example Health Care Finance And Cost Containment – Coursework Example Health Care Finance and Cost Containment Determine how financial ratios determine financial health of an organization. One of thehighest costs that health care facilities incur is acquisition of high tech equipment. Therefore, asset management ratios can be beneficial in helping the managers assess how much they accrue from their acquired asset. Secondly, the other important ratio in health care is cash flow indicators. This can be helpful in helping the managers identify how much cash is being collected over a certain period as compared to the uncollected profits. The third is important ratio is the profitability ratio, which gives the managers an overview of the general health of the organization (Rapoport, 2008). The higher the gross margin of the organization, the more it can make profits as compared to the costs it incurs. Lastly, there are the debt ratios. Most banks use this ratio in order to analyse whether a company will be capable of paying pay its loans in the future. If t he debt ratio is low, the health care facility is more likely to be able to get low interest rates on long-term financing. 2. Strategies for inventory control and cost reduction in healthcareSome of the strategies that health care facilities can use for inventory control and cost reduction in healthcare include benchmarking, invest in inventory control staff, establish a vendor scorecard, invest in systems and ensuring that the day’s work is cleared in the same day. Benchmarking will help in understanding what other competing health care facilities are doing and whether it is working or not. The inventory control staff will help ensure that that the health care does not suffer any loss that may be because of oversight and incompetence (Rapoport, 2008). The vendor scorecard will help in evaluating the supplies and ascertaining whether there is a need to change them or not. Lastly, ensuring that all data within the organization is done away with and compiled on a daily basis re duces the bulk. The benefits that accrue to the health care facility are that it ensures that all vendors abide by their contracts and that the investments are protected and effectively managed. ReferenceRapoport, J., Jacobs, P., & Jonsson, E. (2008). Cost Containment and Efficiency in National Health Systems: A Global Comparison. Weinheim: Wiley-VCH.

Judy Garland Biography and Profile

Judy Garland Biography and Profile Judy Garland ( June 10, 1922 - June 22, 1969 ) was a singer and actress who gained nearly equal acclaim in both fields. She was the first solo woman to win a Grammy Award for Album of the Year, and the American Film Institute named her one of the 10 greatest female stars of American cinema. Early Years Judy Garland was born Frances Ethel Gumm in Grand Rapids, Minnesota. Her parents were vaudeville performers, and soon Frances joined her older sisters Mary Jane and Dorothy to become the singing and dancing act the Gumm Sisters. The details remain murky, but around 1934, the Gumm Sisters, in search of a more appealing name, became the Garland Sisters. Soon after, Frances officially changed her name to Judy. The Garland Sisters group broke up in 1935 when Suzanne, the oldest of the sisters, married musician, Lee Kahn. Later in 1935, Judy was signed to a contract with film company MGM without the usual screen test. However, the studio was not sure how to promote the 13-year-old Garland; she was older than the usual child star but still too young for adult parts. After a few unsuccessful projects, her breakthrough moment came when she was paired with Mickey Rooney in the 1938  film Love Finds Andy Hardy. Personal Life Judy Garlands turbulent personal life was marked by several instances of heartbreak. When Judy Garland was 13 years old, her 49-year-old father succumbed to meningitis, leaving her emotionally devastated. Years later, her first adult love, bandleader Artie Shaw, eloped with actress Lana Turner leaving Garland crushed. She received an engagement ring on her 18th birthday from musician David Rose who was at the time still married to actress Martha Raye. After the divorce, Judy and David were briefly married. Just three years later, in 1944, the marriage ended.   Following an affair with legendary director Orson Welles, while he was married to actress Rita Hayworth, Judy Garland married director Vicente Minnelli in June 1945. They had one daughter, singer and actress Liza Minnelli. By 1951 they were divorced. During the late 1940s, Garland was hospitalized following a nervous breakdown, underwent electroshock therapy to treat depression, and began to have serious problems with alcohol addiction. During June 1952, Judy Garland married her tour manager and producer Sid Luft. They had two children, singer and actress Lorna Luft and Joey Luft. They divorced in 1965. In November 1965, Garland married tour promoter, Mark Herron. They were divorced in February 1969, and she married her fifth and final husband Mickey Deans in March. In 1959, Judy Garland was diagnosed with acute hepatitis, and she informed doctors that she was unlikely to have more than five years to live. She said she would likely never sing again and remembered feeling relief at the diagnosis because it reduced much of the pressure in her life. However, she recovered over a period of several months and began performing concerts again.   Film Career Following her success in a series of films with Mickey Rooney, the teenage Judy Garland was cast in the lead role of 1939s The Wizard of Oz. In the movie, she sang what became identified as her signature song Over the Rainbow. It was a critical success and Garland earned a special Juvenile Academy Award for her performance in both The Wizard of Oz and Babes In Arms with Mickey Rooney. Judy Garland starred in three of her most successful films in the 1940s. In 1944s Meet Me In St. Louis she sang The Trolley Song and the holiday classic Have Yourself a Merry Little Christmas. For 1948s The Easter Parade, she teamed with legendary dancer and actor Fred Astaire. She starred in 1949s In the Good Old Summertime with Van Johnson. It was one of her biggest box-office successes and featured the movie debut of Judy Garlands three-year-old daughter Liza Minnelli. By 1950, Judy Garland earned a reputation for being difficult while filming new projects. She was accused of showing a lack of effort while drugs and alcohol also interfered with appearing on time for shoots. In 1954, Garland made a celebrated comeback in the second film version of A Star Is Born. Her performance earned accolades from critics and audiences alike, and she received an Academy Award nomination for Best Actress. In 1961 she earned an Academy Award nomination for Best Supporting Actress in Judgment at Nuremberg, but her days as a top Hollywood actress were over. Music Career The last two decades of Judy Garlands life were dominated by her success as a singer in concerts, TV shows, and on record. In 1951, she launched a highly successful tour of Great Britain and Ireland performing for sold-out audiences. The songs of vaudeville legend Al Jolson were a centerpiece of her concerts. During the tour, Garland experienced a rebirth as a performer. In 1956, she became the highest-paid entertainer yet in Las Vegas earning $55,000 a week for a four-week engagement. Judy Garlands first appearance on a TV special took place in 1955 on the Ford Star Jubilee. It was CBS first full-scale color broadcast and was a received stellar ratings. Following three successful TV specials in 1962 and 1963, Garland was given her own weekly series,  The Judy Garland Show. Although it was canceled after only one season, The Judy Garland Show earned four Emmy Award nominations including for Best Variety Series. On April 23, 1961, Judy Garland performed a concert at Carnegie Hall that many consider the highlight of her live performance career. A double album of the show spent 13 weeks at number one on the album chart and earned a Grammy Award for Album of the Year. After her TV series ended in 1964, Garland returned to the concert stage. She performed live at the London Palladium in November 1964 with her 18-year-old daughter, Liza Minnelli. A 1964 Australian tour turned disastrous when Garland was late to take the stage and accused of being drunk. Judy Garlands final concert appearance took place in Copenhagen, Denmark in March 1969, three months before her death. Death On June 22, 1969, Judy Garland was found dead in the bathroom of a rented house in London, England. The coroner determined the cause to be an overdose of barbiturates. He indicated the death was accidental, and there was no evidence of suicidal intent. Garlands The Wizard of Oz co-star Ray Bolger said at her funeral, She just plain wore out. Although initially interred at a cemetery in upstate New York, in 2017, at the request of Judy Garlands children, her remains were transferred to the Hollywood Forever cemetery in Los Angeles, California. Legacy Judy Garlands reputation as one of the greatest entertainers of all time remains strong. More than two dozen biographies have been written about her since her death, and she was listed by the American Film Institute at #8 among all-time greatest female movie stars. The American Film Institute also listed her performance of Over the Rainbow as the top movie song of all time. Four more, Have Yourself a Merry Little Christmas, Get Happy, The Trolley Song, and The Man That Got Away are listed in the top 100. Garland received a posthumous Lifetime Achievement Grammy Award in 1997. She has been featured twice on U.S. postage stamps. Judy Garland is also considered to be a gay community icon. There are differing reasons offered for that status, but the most common include identification with her personal struggles and her relationship to camp culture. In the late 1960s, news accounts of Garlands nightclub performances disparagingly commented on homosexual men being a disproportionately large part of the audience. Many also credit Over the Rainbow as being an inspiration for the gay communitys ubiquitous rainbow flag.