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The long-term success of any organization depends on its ability to make capital investment decisions that will eventually add to and enhance its future capital capacity.
Explain why nurse care manager or a healthcare executives like a CEO or COO needs to know the capital cycle.
Determine how the capital cycle impacts the operational (day-to-day) budget.
Explain the typical approval process for capital. Does it only go through one person (i.e., the CEO), or is it more involved? Provide examples to justify your thought process and thought.
Identify the essential characteristics of a financially successful organization. How should healthcare managers apply these traits in understanding the capital cycle of their organization?