Select & critique an article relevant to the field of counseling- where the design is baser on either phenomenological or narrative research designs.
n a much higher investment of funds than others and the end result may not be as profitable as one first assumed. It can be tricky to distinguish which project would be best suited for the organization in the long-term, but managers should carefully consider all aspects of the project’s capital requirements before making unwise and costly choices. Capital investments generally require high-dollar funding and are anticipated to realize long-term value for an organization, usually one year or longer. Such investments are quite common in the health care industry and commonly fall into three categories. First, strategic decisions are capital investment decisions designed to increase a healthcare organization’s strategic position. Second, expansion decisions are capital investment decisions designed to improve the operational capability of a health care organization. And lastly, replacement decisions are capital investment decisions designed to replace older assets with newer ones (DeBenedetti, n.d.). Regardless of the type of capital investment decision facing managers, there are usually groups of individuals, or entire departments, which are interested in pursuing one particular project over another. Project ranking is not uncommon in today’s business environment and is dependent on the fact as to how much the specific projects would return, as well as which project has the ability to provide the business the greatest value in the shortest amount of time. The majority of capital investment decisions are reached with specified deadlines in mind which can result in more than one step in the decision-making process being ignored. This, coupled with rivalry within departments, can bring about poor outcomes. After management narrows down the list of potential projects, they must then start the process of using capital budgeting decision tools to reach their final decision. Several tools can be used; however, the most common are the payback period, net present value method, and the internal rate of return method (Noreen, Brewer, & Garrison, 2014, p. 318). Out of the three methods, the payback period is one of the most popular due to its basic and simple calculation, although it does not factor in the time value of money like some of the other methods. The payback period in essence allows one to calculate how long it would take for a project to recapture the cost of the initial in>GET ANSWER