Business Plan Sarah Furlough Chamberlain College of Nursing NR533: Financial Management in Healthcare Organizations Dr. Schaefer BUSINESS PLAN 2 Business Plan The following paper will provide information related to a project that will address how staff engagement and staff retention in the Emergency Department (ED) is directly affected by teamwork. By spending time in the ED I believe I have uncovered an area that could use some improvements. These improvements will optimistically improve the work environment, staff relationships and staff-patient relationships. This paper will include the business plan proposal, the purpose of the project, financial plan for project, the stakeholders who are involved and strategies to have the plan approved. The PICOT question is: In the Emergency Department what is the effect of staff participating in team building activities in comparison to staff not participating in team building activities on staff engagement and work environment culture over six weeks? A business plan will help us execute this project seamlessly and guide us during the planning phase. One could say that a business plan is like planning for a road trip and the plan is the itinerary for the trip (Peek, 2019). The business plan should help guide you throughout the project and be used as a resource. The business plan should include the projects purpose, evidence for the project, expected outcomes with a timeline, marketing analysis and plans, how it blends with the organization’s mission, how it is relevant in the current situation, budget needs, who is involved, cost analysis and break-even analysis. By addressing staff engagement and staff retention issues with this project we can hopefully improve our staff to staff relationships as well as our staff to patient relationships. Teamwork impacts everyone, not just the staff. It can negatively impact the patients if the working relationship is not in good shape. By improving the working environment and implementing team building activities we can hopefully create a positive impact for our patients BUSINESS PLAN 3 and our staff. By presenting a practical business plan to leadership and the decision makers in the hospital the project will get the support and the approval it needs going forward.