PARTNERSHIP & TEAMWORK

Role of the ability of professionals to work together on the success of partnership



Role of the ability of professionals to work together on the success of partnership

Introduction

Collaboration and partnership working between nurses and physicians has been recognized in the United States as a benchmark of excellence and an important contributor to safe and effective healthcare and satisfying work environments (Cohen 1997, pp.58-73). In recent years, the healthcare environment, in which nurse-physician collaboration and partnership working (NPC) occurs, has undergone multiple changes. These changes include a shortage of nurses, frequent use of temporary staff, higher acuity patients, and chaotic contexts for communication between professional caregivers. In addition, the everchanging milieu of the healthcare environment is seemingly always “busy” and replete with opportunities for distractions (Wymer 2003, pp.3-22).

There has always been a debate that whether an individual is effienct or a partnership. In majority of the cases, partnership has been successful. The following paragraphs constitute an evidence based advisory report for the director of an independent health and social care organisation.

Context - Benefits of Partnership

The partnership with Limited Liability Company begins with the compilation of a partnership agreement. It specifies the name of the partnership, list of partners, type of activity, which creates a partnership, the amount of capital and the share of individual partners, the received order of business, the order to sign financial documents, as well as how the income distribution, conflict resolution, withdrawal of partners. If the name of the partnership is different from the names of persons constituting it, it will be registered (Dean 2008, pp.25-26).

There are certain scenarios when the partnership form of legal structure is the most advantageous. This is probably the main reason that nearly 3.6 million enterprises in the United States are partnerships rather than corporations. A partnership is defined as an unincorporated association of two or more people to pursue a business for profit as co-owners (Donaldson 1995, pp.65-91).

The first advantage of a partnership is the relative ease of formation. Basically the only thing needed to create a binding partnership is an oral agreement. These agreements generally consist of the names and contributions, rights and duties, sharing of income and losses, withdrawal arrangement, dispute procedures, admission and withdrawal of partners, and rights and duties in the event of a partner's death. This of course makes formation much easier than say a corporation where there is a significant amount of paperwork which must be filed. This ease of formation is a great time and money saver, which is generally important for a business that is just starting out (Whittaker, pp.33-34).

A second advantage to creating a partnership is that there are generally no rules attached to it as far as how profits and losses are divided. Basically, the only limits are that of the organizers imagination. In addition the partnership can be changed pretty much on the fly without having to jump through hoops as you would with a corporate structure. Not having to go through all the red tape is ...