Explain Why Leadership Skills Are Important in the Nursing Profession

question 2

Essay

Explain why leadership skills are important in the nursing profession.

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Definitions:

Diversification Strategy

A growth strategy where a business enters into a new market or industry which it is not currently in, while also creating a new product for that new market.

Brand Recognition

Brand recognition is the extent to which consumers can correctly identify a brand through its visual indicators like logos, colors, packaging, or advertising, without the brand name being mentioned.

Viral Marketing

Marketing techniques that use social networks to produce increases in brand awareness or sales through self-replicating viral processes.

Economies of Scope

Cost advantages that a business experiences when it increases the variety of products or services it offers.