Conduct a cost-benefit analysis using a template, and explain the concept of opportunity cost and how a cost-benefit analysis aligns with organizational needs. Recommend a plan of action based on the cost-benefit analysis.
Use the Cost-Benefit Analysis Template linked in the Resources to complete Part 1 of this assessment. Use the following scenario that continues the scenario from Assessment 2 as the foundation for this assessment:
One of the physician’s groups in the clinic would like to purchase an MRI machine. Currently, clients who need an MRI must schedule an appointment at another facility, adding time and cost to any treatment they may need. The machine will be available for all the physicians in the clinic and will require additional staff to operate the equipment and the office area where it will be housed.
You must prepare a cost-benefit analysis to present to the physicians so they may decide whether to move forward with the purchase. Be sure to consider the non-monetary costs, such as productivity, as well as the non-monetary benefits, such as improved customer satisfaction. Although these may be difficult to quantify, they are important costs and benefits that must be considered.
Prepare a two-part cost-benefit analysis.
• Complete the cost-benefit analysis template for the purchase of an MRI machine for the clinic.
Based on the cost-benefit analysis, write a 2–3-page summary:
• Analyzes the cost and benefits of purchasing equipment for a health care organization and considers how the purchase aligns with the organizational financial strategy.
• Explain the concept of opportunity cost and how it affects the profit margin of an organization
• Explains how a cost-benefit analysis aligns with organizational needs and future growth, as well as community needs and industry trends
Other examples of attempts to end ethnic conflict via employing power sharing are evident in Bosnia. Upon the dissolution of the Yugoslav federation in 1990–91, Bosnia faced the challenge of managing inter-ethnic relations in their considerably diverse society. Ethnic conflict, via the Dayton and Ohrid agreements, “led to the restructuring of the institutional and political architecture of each state, with the intention of achieving greater inclusion and access to political power for all ethnic groups”. This put an end to the violence. Since the end of the ethnic conflicts, Bosnia is yet to plummet back into violence and armed conflict is yet to return. However, ethnic tensions have remained. Nikolaos Zifakisi claims “eleven years after the end of the civil war, ethnic tension in Bosnia is still as high as ever. All sides openly challenge the country’s political system that was determined by the Dayton accords. From the above it can be claimed that power sharing, as in the case of both Bosnia and Northern Ireland, offer a solution to stopping violence but not solve the factors which cause conflict in the first place. The impact of federalism on ethnic conflict Federalisation of the political system is one method which can be utilised in order to prevent ethnic conflict. As mentioned previously it is often coupled with autonomy as evident in Spain. Federalism was first coined in America’s constitutional convention of 1787, where those favouring a powerful central government, adopted the name “federalists”. Those who wanted strong states and a weak central government became the “anti-federalists” (Economist, 2017). Federalisation is claimed to be the adoption of group proportional representation in administrative appointments, including consensus decision-making rule in the executive, which acknowledge group rights or non-territorial federation. To do this a ‘proportional’ electoral system is implemented such as the electoral college in the United States. The federal model in the US emerged as a result of ending conflict and can be more than regarded as successful due to how long it’s existed. Other examples of federalisation as a result of ethnic conflict include India and Nepal. Federalism is often recommended to prevent and manage conflicts, however its “adoption has exacerbated ethnic conflict in Nepal” (Lawoti, 2016). Disenchantment has been running high in the country, over the plan to divide the state into six provinces thus implementing a federal system. As a result, tensions are particularly high among marginalised groups, particularly those from the country’s far western and plains regions. Conflict has arisen as provinces currently do not, and under future plans will not, enjoy equal strength in terms of resource distribution or sustainability, therefore effecting the development of the nation. In the west of the country districts such as Surkhet are tense. India provides another federal model which has faced its fair share of challenges since the country was granted independence in 1947. Jayaprakash Narayan part of the ‘LokSatta movement’ for democratic reforms in India writes “the efforts of the Union government to divide Andhra Pradesh irrespective of the State legislature’s views, pose a grave danger to federalism and unity” (Narayan, 2013) this arguable ign>GET ANSWER