Property and buildings are upfront, whereas equipment that will need replacing or upgrading every several years is ongoing, and most departments are likely to have certain ongoing capital expenses. The acquisition of upfront capital resources should be made through an outside agent capable of sourcing and negotiating the best deal in the given market, while the ongoing capital needs of various departments should be reassessed annually and contracts should be reviewed and shopped just as often (Chernichovsky & Hanson 2009; Carrin et al. 2009). This will ensure ongoing efficiency in capital resources.
Human Resources
The recruitment and retention of human resources is very different then the acquisition and allocation of other resources, though operational needs and financial constraints are still highly influential, of course. Proper balances in compensation for human resources will need to be struck such that the organization is able to provide all necessary services and maintain complete functionality and still maintain a profit, while at the same time attracting and retaining top talent in the filed. This will largely be assisted by the economy of scale the organization is attempting to develop by obtaining a forty-five percent market...
2009). In order to develop the market penetration and the long-term profitability and success that the organization is looking for, however, it is necessary to incur these initial expenses as a means of building the brand as one that provides quality services.
Conclusion
The different resource types as well as the sheer scope and scale of the necessary resource allocation for this organization can make the CEO's task seem daunting. If approached in an organized manner with the proper foresight and reliance other personnel with more intimate knowledge of organizational needs, however, the task of developing an effective resource acquisition and allocation plan is more than manageable. Collaborating with key individuals within and outside of the organization is of paramount importance.
References
Chernichovsky, D. & Hanson, K. (2009). Innovations in Health System Finance in Developing and Transitional Economies. New York: Emerald Group.
Carrin, G.; Buse, K.; Heggenhougen, K. & Quah, S. (2009). Health Systems Policy, Finance, and Organization. San Diego, CA: Elsevier.
