Step 1: Watch the panel discussion
World Bank (2021) Overcoming Debt, Generating Growth
https://www.youtube.com/watch?v=kgf5xsfHagM&t=450s
Step 2: Use this documentary Guide to write your notes
Part 1- identify the key development actors discussed by the panel members- no more than 5 pages.
Part 2- Write a reflective essay (you can use 1st person if you want)
- pull together what you have learnt so far
- It is intended to connect course content to the experiences of nations in the global south.
- You will be using materials from the course ONLY- chapters, lectures, required materials, you are not being asked to
Full Answer Section
Sure, here is a 3-page response that describes the 3 viewpoints of the healthcare managers on how to move forward:
Memorial Hermann
Memorial Hermann is a hospital system that has been facing some serious financial issues. The hospital has been struggling to meet its vendors' financial obligations, and it is unclear how it will be able to continue operating in the long term.
Mr. Jones, the CEO of Memorial Hermann, has called a meeting of some of the administrative managers to discuss how to move forward. The managers have three different viewpoints on how to address the financial crisis:
Viewpoint 1: Cut Costs
The first viewpoint is to cut costs. This could involve reducing the number of employees, cutting back on supplies, or negotiating lower prices with vendors. This viewpoint is supported by the CFO, who believes that the hospital needs to reduce its expenses in order to become financially sustainable.
Viewpoint 2: Increase Revenue
The second viewpoint is to increase revenue. This could involve raising prices, increasing the number of patients, or expanding into new markets. This viewpoint is supported by the COO, who believes that the hospital needs to find new ways to generate income.
Viewpoint 3: A Combination of Cost Cutting and Revenue Generation
The third viewpoint is to combine cost cutting and revenue generation. This would involve a comprehensive effort to reduce costs and increase revenue. This viewpoint is supported by the CEO, who believes that the hospital needs to take a balanced approach to addressing the financial crisis.
Discussion
The three viewpoints represent different approaches to addressing the financial crisis at Memorial Hermann. The CFO's viewpoint is to focus on cutting costs, while the COO's viewpoint is to focus on increasing revenue. The CEO's viewpoint is to combine cost cutting and revenue generation.
There are pros and cons to each of these viewpoints. The CFO's viewpoint is the most likely to lead to short-term financial stability, but it could also lead to staff layoffs and a decline in patient care. The COO's viewpoint is the most likely to lead to long-term financial sustainability, but it could also take longer to implement and could be more risky. The CEO's viewpoint is a balanced approach that could lead to both short-term and long-term financial stability.
Conclusion
The three viewpoints represent different approaches to addressing the financial crisis at Memorial Hermann. The best approach will depend on the specific circumstances of the hospital and the preferences of the decision-makers.
Recommendation
I recommend that Memorial Hermann adopt a balanced approach that combines cost cutting and revenue generation. This approach would be the most likely to lead to both short-term and long-term financial stability.
In addition to cost cutting and revenue generation, Memorial Hermann should also focus on improving its efficiency. This could involve streamlining its operations, improving its IT systems, and reducing waste. By improving its efficiency, Memorial Hermann could reduce its costs and improve its bottom line.
Memorial Hermann also needs to focus on patient care. The hospital needs to ensure that it is providing high-quality care to its patients. This could involve investing in new equipment, training its staff, and improving its patient satisfaction scores.