LEAD WITH THE NEED.
business case development
at alexanderdavis we pride ourselves in the service offerings provided to our customers. This includes business case development. Now, the wording "business case" and "business plan" are interchangeable within our service offering. both of which provide an opportunity for the owner to identify avoid the risk associated with not making a plan, prior to pursing a new business venture or project venture.
the business case is an evergreen document that should be updated and written on a normal basis. updating your BUSINESS plan, formally each year helps each business owner avoid the hard realization of business growth. alexanderdavis RECOGNIZES that there are templates out there for the owners' use and The components will vary, but these are the common one typically addressed to only support essential information, like the executive summary, financial outline, operation section, and marketing/sales outline.
projects without a business case often spend more money than necessary, lack the forethought to identify strategic relationships, and have a higher fail rate due to the inability to plan appropriately.
alexanderdavis helps our clients avoid these risks, and many more, through our keen ability to anticipate industry needs, demographic outlooks, market gaps and due diligence within strategic partnerships.
the business case is an evergreen document that should be updated and written on a normal basis. updating your BUSINESS plan, formally each year helps each business owner avoid the hard realization of business growth. alexanderdavis RECOGNIZES that there are templates out there for the owners' use and The components will vary, but these are the common one typically addressed to only support essential information, like the executive summary, financial outline, operation section, and marketing/sales outline.
projects without a business case often spend more money than necessary, lack the forethought to identify strategic relationships, and have a higher fail rate due to the inability to plan appropriately.
alexanderdavis helps our clients avoid these risks, and many more, through our keen ability to anticipate industry needs, demographic outlooks, market gaps and due diligence within strategic partnerships.
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the business case as your opportunity to package your project, your idea, your opportunity, and show what it means and what the benefits are and how other people can benefit.
THE BUSINESS case AUTHOR MUST FIRST "LEAD WITH THE NEED" IN MIND. THIS INCLUDES FIGURING OUT WHAT THAT PROBLEM OR OPPORTUNITY IS, DESCRIBE IT, FIND OUT WHERE IT COMES FROM AND THEN ADDRESS THE TIME-FRAME NEEDED TO DEAL WITH IT.
THIS CAN BE A SIMPLE STATEMENT, BUT IS BEST ARTICULATED WITH SOME RESEARCH INTO THE ECONOMIC CLIMATE AND THE COMPETITIVE LANDSCAPE TO JUSTIFY THE TIMING OF THE PROJECT. |
all successful projects have a goal. Usually, they’re initiated to solve a specific business problem or create a business opportunity. business cases OFTEN DETAILS HOW THE PROJECT ALIGNS WITH STRATEGIC GOALS IN THE ORGANIZATION. in addition, a great business case is traditionally a documents that defines the core business benefit of a project in order to justify the expenditure of the initiative.
THE BUSINESS CASE DEVELOPMENT IS THE RESPONSIBILITY OF WHO CAN SIMPLY GET IT DEVELOPED IN AN TIMELY AND COMPREHENSIVE MANNER. THE BUSINESS CASE MUST DETAIL HOW THE PROJECT ALIGNS WITH STRATEGIC GOALS IN THE ORGANIZATION, AND AS SUCH IS A CRUCIAL YET OFTEN OVERLOOKED RESPONSIBILITY FOR MANAGERS, WHO ASSUME THAT SENIOR LEADERSHIP IS RESPONSIBLE FOR THIS, OR WHO SIMPLY GET QUICKLY SUBSUMED BY THE DAY-TO-DAY RESPONSIBILITIES OF DELIVERING THE PROJECT.
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THE BUSINESS CASE TRADITIONALLY IS A DOCUMENT THAT DEFINES THE CORE BUSINESS BENEFIT OF A PROJECT IN ORDER TO JUSTIFY THE EXPENDITURE OF THE INITIATIVE, THE DEVELOPMENT OF A BUSINESS CASE IS A CRUCIAL YET OFTEN OVERLOOKED RESPONSIBILITY FOR MANAGERS, WHO ASSUME THAT SENIOR LEADERSHIP TEAMS ARE RESPONSIBLE FOR THIS. THIS CAN BE A SIMPLE STATEMENT, BUT IS BEST ARTICULATED WITH SOME RESEARCH INTO THE ECONOMIC CLIMATE AND THE COMPETITIVE LANDSCAPE TO JUSTIFY THE TIMING OF THE PROJECT.
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business case development will include:
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the business case must:
do not forget to:
TIP: THE EXECUTIVE SUMMARY AND OUTLINE MUST PEAK THE INTEREST OF EXTERNAL READERS AND MUST BE PERSONAL TO YOUR BUSINESS ENDEAVOUR OR PROJECT. THIS IS JUST A SUMMARIZATION OF YOUR COMPANY, WHAT YOUR MANAGEMENT TEAM MAY LOOK LIKE, SUMMARY OF YOUR PRODUCT AND SERVICE AND YOUR MARKET.
- Identify the Business Problem
- Identify the Alternative Solutions
- Recommend a Preferred Solution
- Describe the Implementation Approach
do not forget to:
- Research your market, competition and alternatives
- Compare and finalize your approaches
- Compile the data
- present your strategies, goals and options
- Document everything
TIP: THE EXECUTIVE SUMMARY AND OUTLINE MUST PEAK THE INTEREST OF EXTERNAL READERS AND MUST BE PERSONAL TO YOUR BUSINESS ENDEAVOUR OR PROJECT. THIS IS JUST A SUMMARIZATION OF YOUR COMPANY, WHAT YOUR MANAGEMENT TEAM MAY LOOK LIKE, SUMMARY OF YOUR PRODUCT AND SERVICE AND YOUR MARKET.