Instructions

In this assignment, you are the CFO of a hospital, and you will create a one-page memorandum detailing cost-cutting measures that will be undertaken in response to the COVID-19 (or similar) crisis. You will consider debt financing, variance analysis, and cost variances in the organization. You need to translate your analysis results into practical action steps the organizations and employees will take.

Instructions

In this one-page memorandum, you will:

• Describe the action steps the organization will take to cut costs.
• Explain the reason for the cost-cutting measures.
• Discuss the valued contributions the employees can make to make the cost-cutting measures a success.
• Describe the appreciation the organization has for the employees during this crisis.

Requirements

Memorandum should:

• Describe the action steps the organization will take to cut costs.
• Explain the reason for the cost-cutting measures.
• Discuss the valued contributions the employees can make to make the cost-cutting measures a success.
• Describes the appreciation the organization has for the employees during this crisis.

Competency

Describes the action steps the organization will take to cut costs, including one example.

Mastery

Describes the action steps the organization will take to cut costs, including two or more examples.

Reasons for Cost Cutting Measures

Competency

Explains the reason for the cost-cutting measures, including one example.

Mastery

Explains the reason for the cost-cutting measures, including two or more examples.

Employee Contributions

Competency

Discusses the valued contributions the employees can make to make the cost-cutting measures a success, including one example.

Mastery

Discusses the valued contributions the employees can make to make the cost-cutting measures a success, including two or more examples.

Employee Appreciation

Competency

Describes the organization's appreciation for the employees during this crisis, including one example of how the organization will show that appreciation.

Mastery

Describes the organization's appreciation for the employees during this crisis, including two or more examples of how the organization will show that appreciation.