Assignment:

Redact a substantive response to a case presentation and to another comment by a classmates.

An Example of what would be “substantive”:

In your group’s presentation, you refer to ….. in the 8th slide. I am not sure if I can agree with it because…….
I enjoyed reading your post. While I broadly agree with your comments, I still believe that ……….

Notes:
I have attached the presentation you need to comment on, also see below a comment from another student to this presentation. I need a “substantive” replay to his comment and you can also use it as an example of how needs to be your comment on the presentation.

” This is a comment related to the case study of Group 2 – “Realizing the Dream: Decision Making in Action”.
I like how in the beginning of slide 1 the group not only gives us a background about their company but jump straight to the issue the company is currently faced with thinking strategically about how to introduce the case study along with the problem.
They do a really good job about specifically stating what a variable and fixed cost is based on their assigned companies expenses in case someone reading the presentation doesn’t fully understand. They even go an extra mile to put it in a chart so that people can see in greater detail what they are referring to. They clearly described in slide 20 the three possible approaches the company can take due to the situation of them losing referrals. Each option clearly explains how it could benefit the company as a whole allowing for one to analyze the benefits of each option individually. I couldn’t agree more with the idea of renegotiating the agreement with Manna Healthcare because in addition from receiving a lower patient referral from Manna Helathcare they also have a 40% revenue sharing agreement. Which if you come to think about is a pretty good amount if most of the referrals aren’t coming from them directly. They could also cut costs and try to save more by handling themselves more of the workload. Thinking about possibly increasing marketing and referrals through schools and the local community is a very good approach to increase referrals.
Although this group didn’t make a video recording of there presentation which might of been better they did do an excellent job with their overall slides presentation explaining and addressing all the important points of their case study.”

Group2-RealizingtheDreamCasePresentation.pptx

Realizing the Dream: Decision-Making in Action

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INTRODUCTION
Realizing the Dream: Decision-Making in Action focuses on the CEO of GEO Medical Laboratory. Wallas Akorful is in the health service business providing reasonably priced and fair quality laboratory and scan services in Ghana. The company primarily sold medical equipment, but eventually expanded in the medical market by providing medical laboratory exams and other testing services. Currently, his company is providing services for about three hundred patients a month, of which 120 patients (40%) are for laboratory services and 180 (60%) are for scanning services. However, the company is facing challenges as referrals have declined from the health facility, their partners. He suspects they are not keeping their part of the agreement of client referrals. This is affecting revenue and barely covers operational costs at times to keep the company profitable.

Wallas is now exploring opportunities and potential partners with other health facilities and schools. However, while the company will positively impact revenue, the proposed unit price per student is below what Wallas normally charges. It would still affect the company’s profit considering the additional variable costs for services provided. Having said that Wallas needs to weigh his options on these possible ventures to increase profit by increasing revenue and keeping costs down to stay in the healthcare business.

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Types of Costs According to Cost Behavior

GEO Medical Laboratory incurs both fixed and variable costs, all of which are calculated in U.S. dollars.
Fixed Costs: Include the depreciation of lab and scan equipment, furniture, and computer types of equipment. Employee salaries (excluding ultrasonographers) are also considered fixed costs, as these are incurred regardless of the number of clients served.
Variable Costs: These include consumable expenses and commission-based compensation for ultrasonographers. The number of patients determines these costs.
Due to an agreement with the healthcare facility, rent and utilities are excluded from the company’s fixed costs. Similarly, rent and utilities are not included in variable costs for the same reason.

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