Develop a 3-4 page business case for the initiative you proposed in Assessment 1. Examine feasibility and cost-benefit considerations over a 5-year period, analyze ways to mitigate risks, and complete a cost-benefit analysis.
Analyze the potential economic opportunities and risks associated with your proposed initiative.
How do the potential opportunities benefit your organization or care setting?
How could potential risks pose a threat to the financial security of your organization or care setting?
How do the potential economic opportunities compare to the potential economic risks?
Propose ethical and culturally sensitive solutions that address the risks associated with your initiative to the future economic security of your organization or care setting.
Which risks are potentially the most significant for your organization or care setting?
How could you modify your proposed initiative to mitigate those risks?
How have other organizations and experts in the field dealt with similar risks?
How do ethics and equality factor into your proposed solutions?
Are your solutions unfairly burdening or disadvantaging any specific groups?
How will this proposal affect community health care delivery outcomes?
What makes this a great opportunity for economic growth?
What potential issues should be considered?
Analyze the economic costs and benefits of your proposed initiative over a five-year period.
Use the Cost-Benefit Analysis Template [XLSX] for your calculations. Add the worksheet to your business case as an appendix.
Does your analysis warn against specific aspects of your proposed initiative?
How would you recommend that your findings be incorporated into decisions about the feasibility of your proposed initiative?
Propose ethical and culturally equitable ways of keeping costs under control, while maximizing the benefits of your initiative.
What costs are you most likely to be able to control or reduce?
The macro-environment is analysed by using PESTEL Analysis. It is a framework used to analyze and monitor the macro-environmental factor that has insightful impact on an organization’s performance, particularly in the future to determine opportunities and threats. Political Political factor is all about how and to what extend a government intervenes in the economy or a particular industry and how it affects business profitability (B2U – Business-to-you.com, 2019). In this case, in order to stay competitive A2 Milk need to consider factors such as government policies and contract law. Government policies will affect the supply of milk. If government wants to decrease the supply of milk, farmers needs to decrease the extraction of milk. This will affect the profitability of the business. Another factor would be contract law. Contract law is enforced by the government to ensure that companies know what they should do and what they should not. For example, some countries will prohibit milk that are not natural or some criteria needs to be fulfilled. This will discourage business and affect their profitability. However, to increase the profitability of business, China-Australia Free Trade Agreement (ChAFTA) was introduced in December 2015, aim to support economic growth, job creation and higher living standards. So this creates an opportunity for the company to grow and prosper (Austrade.gov.au, 2019). Economic Economic factor are determinants of a certain economy’s performance. This factor will have impact on how profitable the company is due to its purchasing power on consumers and demand/supply in the economy as well as how company price their product and services (B2U – Business-to-you.com, 2019). The Australia milk industry economic can be affect by some of the following factors such as growth rate, purchasing power of consumers and demand for milk. There are research that shows the demand for A2 Milk is gaining traction among consumers due to the health benefits (A2 Milk Market: Global Industry Trends, 2019). In addition, since consumers are adjusting their lifestyle, company such as Fonterra Co-operative Group Limited formed partnership with A2 Milk to further provid>GET ANSWER