What Are The Key Components Of A Business Case?

What are the 6 major functional areas of a business?

Generally, the six functional areas of business management involve strategy, marketing, finance, human resources, technology and equipment, and operations.

Therefore, all business planners should concentrate on researching and thoroughly understanding these areas as they relate to the individual business..

What are the components of case study?

The Components of an Effective Case StudyResearch. A great case study can’t exist without the customer’s input and story of how they got where they are. … Executive Summary. This is where you’ll provide a high-level overview of the entire case study. … Challenges. … How You Helped. … Conclusion.

What are the most important parts of case study?

The 4 Essential Elements of a Great Case StudyShowcase the Problems You Answered. The customer has come to you with a problem or need for you to solve and you knocked it out of the water! … Tell The Story of Your Customers’ Experience.

What is a case study format?

As a rule, a case study outline includes the following points: Introduction – Write an introduction where you identify the key problem and make a summary of the thesis statement in 1 or 2 sentences. Background Information – Include some relevant facts and issues and conduct research on the problem.

What are the components and factors for the development of business case?

Information included in a formal business case could be the background of the project, the expected business benefits, the options considered (with reasons for rejecting or carrying forward each option), the expected costs of the project, a gap analysis and the expected risks.

What are the three types of case studies?

There are three primary types of case studies: key cases, outlier cases, and local knowledge cases.

What are the 5 components of a business plan?

Main Components of a Business PlanExecutive summary. This is your five-minute elevator pitch. … Business description and structure. This is where you explain why you’re in business and what you’re selling. … Market research and strategies. … Management and personnel. … Financial documents.

What are the 3 main purposes of a business plan?

What are the three main purposes of a business plan?Establish a business focus. The primary purpose of a business plan is to establish your plans for the future. … Secure funding. … Attract executives.

What three main components make up the business case?

Sections that are usually required in a business case are:Executive Summary. The executive summary summarises the business case, including your recommendation. … Introduction. … Statement of the problem. … Analysis. … Discussion of Possible Options. … Recommendation. … Details of your Chosen Option. … Conclusion.

What are the 5 business functions?

A Quizlet covering the 5 business functions as presented in class – Marketing, Management, Operations, Production, and Finance – along with resources, goods and services, and scarcity.

What are the 7 Elements of a Business Plan?

While plans vary as much as businesses do, here’s a summary of the seven main sections of a business plan and what each should include.Executive Summary. … Company Description. … Products and Services. … Market analysis: … Strategy and Implementation: … Organization and Management Team: … Financial plan and projections:

What are the six elements of a business plan?

6 elements of a great business planExecutive summary. This is the most significant part of your business plan and the part where you grab your reader’s attention. … Company description. … Description of your product or service. … Target market. … Sales and marketing plan. … Financial analysis.

What are the four main types of business plans?

The 4 Types of PlansOperational Planning. “Operational plans are about how things need to happen,” motivational leadership speaker Mack Story said at LinkedIn. … Strategic Planning. “Strategic plans are all about why things need to happen,” Story said. … Tactical Planning. … Contingency Planning.

Why a business case is important?

Developing and maintaining a solid Business Case will help ensure that (a) all parties will have a common understanding of the value the project is intended to produce; (b) the organization will have a clear, ongoing basis for determining whether the project is worth continuing; (c) resources are used effectively (on …

How do you write an effective business case?

How to write a business caseBe brief and convey only the bare essentials.Make it interesting, clear, and concise.Eliminate conjecture and minimize jargon.Describe your vision of the future.Demonstrate the value and benefits the project brings to the business.Ensure consistent style and readability.

What are the four main parts of a company?

They include Strategy, Marketing, Operations and Finance–the four essential functions in your business.

What are the components of business?

Top 10 Components of a Good Business PlanExecutive Summary. Your executive summary should appear first in your business plan. … Company Description. … Market Analysis. … Competitive Analysis. … Description of Management and Organization. … Breakdown of Your Products and Services. … Marketing Plan. … Sales Strategy.More items…•

What are the 5 primary areas of business?

At the core, every business is fundamentally a collection of five Interdependent processes, each of which flows into the next:Value-Creation. Discovering what people need, want, or could be encouraged to want, then creating it.Marketing. … Sales. … Value-Delivery. … Finance.