College of St Joseph Organizational Change & Cost Benefit Analysis Feedback Post – Assignment Help

I’m working on a Management question and need guidance to help me study.

Don't use plagiarized sources. Get Your Custom Essay on
College of St Joseph Organizational Change & Cost Benefit Analysis Feedback Post – Assignment Help
Just from $13/Page
Order Essay

1. Hello All

After watching the video Problem Solving Techniques #7: Cost-Benefit Analysis, I came up with the following concepts that I learned from the presentation:

  • Cost benefit analysis can be used to create a case study to help
    decide if making an organizational change will benefit or harm the
    business. This can be used for implementing new software as shown in the
    video along with a multitude of other scenarios. For example, a
    profitable business wants to expand and setup a new location across
    town. By completing a cost benefit analysis, the organization can
    determine if the expansion is will be beneficial or not. Will they be
    gaining new business or will they maintain the same clients that would
    now be divided between the two locations. Does the new location have the
    same type of clientele that frequents the original business? The
    location they are currently at, could consists of young families that
    use / need their products while the other side of town may consist of
    older adults that do not have any use for their products.
  • When completing a cost benefit analysis, the person(s) need to take
    everything into consideration. Not only the costs involved with the new
    “item” but also the costs of removing the existing item that it could be
    replacing. As shown in the video, the most expensive item may not be
    the best choice once the cost benefit ratio is determined.

From past experience, even though the cost benefit ratio shows that
the most expensive solution may not provide the best yield, it could be
the wiser choice. A simple example: Would you go to a pizza parlor and
order Chinese food? The cost benefit ratio may be better when buying the
product from the pizza shop but it is not something that they
specialize in. In the long run, it could prove to be disastrous. In
addition to the completion of a cost benefit analysis, there are several
other factors that need to be taken into consideration before a final
decision is made. Long term support, which source has a longer shelf
life, warranties, issue response time, and other items that may justify
the more expensive option.

2 .I was introduced to the Cost Benefit Analysis (CBA) roughly 2 years ago
and although I never know of this term before then I always approached
different tasks this way. The things I took away form the short video
were that you need to know what is expected to
complete/use a CBA properly. Additionally, how the author pointed out
that there are 4 items that go into make a CBA and what option you
choose. I like that he says its “greatest return for the cost of
implementation, decision making, cost data rationale, and verify the
cost effectiveness”. These are key items that truly have to be reviewed
while completing a CBA. Just because one proposed item is cheaper up
front does not mean it is cheaper in the long run or cause harm in other
departments or areas of the business. Implementing a new software can
be cheap, but training end users how to use it, maintaining the new
software, the lack of features and ability could cost you more in the
long run. Lastly, I liked that If you do not have all of the data you
cannot make a CBA that is valid due to not knowing what could go wrong
or impact the results. This was the most important take away that i had.

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.