Identification of managerial, financial, legal and ethical Essay - 5

Identification of managerial, financial, legal and ethical implications - Essay Example Based on such a perspective, this paper analyses the managerial, financial, legal and ethical implications associated the shortage of nurses in the industry. As already mentioned above, nurses indeed play a crucial role in the provision of healthcare services in the industry. Such an aspect is evident based on the fact that nurses usually have a direct link to patients, who are ideally the greatest stakeholders in the sector (Huber, 2006). Considering the significance of the nurses in the sector, any shortage would indeed substantively pose great challenges towards service delivery in the industry. On the managerial perspective, it is clear that the success of any organization is usually linked to the managerial capabilities. With increased shortage of nurses, the quality of service in the sector is obviously expected to deteriorate, which would then negatively affect the managerial performance of the industry (Huston, 2009). Financially, there is indeed another great challenge that the industry faces as a result of the shortage of nurses. Like in many other sectors, better finances are usually attributed to better performance as customers are in most instances attracted by quality service provisions. Based on such a perspective, it is substantively clear that with the shortage of service providers, the quality of service is likely to reduce marginally. Shortage of nurses means that the few available nurses are overwhelmed with the duties they are expected to perform thereby causing distress in their performances. Once distressed, the nurses are then unable to perform at their best, therefore, reducing the quality of services (Cowen and Moorhead, 2011). With reduced quality of service delivery, fewer individuals would be seeking for medical services from a facility that faces a shortage of the service providers, an aspect, which would affect the financial