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A cost-benefit analysis is a systematic process used to analyze which decisions to make and which to forgo. Treating a potential benefit or loss as a dollar value, the analyst then subtracts the total costs associated with taking that action. The resulting figure is called a net benefit; if it's positive, then investing in the project is worthwhile; if it's negative, then it isn't. Some analyzers also build models to assign dollar values on intangible items, such as goods and services, health care benefits and risks, and so forth.
Read more ...Are you interested in finding out more about how companies like Microsoft and GE are ensuring their organizations are operating at maximum efficiency? If so, then this program is for you! A team of experts will show you how to use metrics such as “organizational effectiveness” to determine how well your company is performing. You'll hear from top CEOs, Canadian Business Hall of Fame inductees and many more! The concept of organizational effectiveness is a bit more complicated than cut-and-dry definitions. At the most elemental level, organizational effectiveness is a concept that measures how thoroughly and efficiently a company achieves its business goals. An effective organization runs like a well-designed, well-oiled machine. Its moving parts function smoothly to produce the results the business set out to achieve, with minimal wasted resources or time." As the business world continues to evolve, so must your company. Whether you’re looking to increase revenue and reduce costs, or simply wanting to make your teams more productive and build a productive culture, organizational effectiveness is worth the hype. This course is for leaders looking to position their company for more efficient performance.
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