Business Case for a New Economic Opportunity
This document is designed to give you questions to consider and additional guidance to help you successfully complete the Business Case for a New Economic Opportunity assessment. You may find it useful to use this document as a pre-writing exercise or as a final check to ensure that you have sufficiently addressed all the grading criteria for this assignment. This document is a resource to help you complete the assignment. Do not turn in this document as your assignment submission.
Part 1: Risk and Mitigation Analysis
Analyze the opportunities and risks relevant to your proposed economic initiative.
• What are the opportunities that will be created by your proposed economic initiative?
o How will these opportunities be beneficial to your care setting?
• What are the risks associated with your proposed economic initiative?
o How could these risks pose a threat to the financial security of your care setting?
• How do the potential economic opportunities compare to the potential economic risks?
Propose ethical and culturally sensitive solutions to address the risks associated with your economic initiative to ensure the future security of your care setting.
• Which risks that you identified are potentially the most problematic for your care setting?
• How could each risk be mitigated?
o How could you modify your proposed economic initiative?
o How have other care settings and experts in the field dealt with similar risks?
o What other alternatives could you pursue to reduce the risks associated with your proposed initiative?
• How have ethics and equality factored into your proposed solutions (are your solutions not unfairly burdening or disadvantaging any specific groups)?
• How will this proposal affect community health care delivery outcomes?
o What makes this a great opportunity for economic growth?
o What might be potential issues to consider?