Running a business or any form of company is associated with numerous challenges. Problems are ranging from suppliers, clients, and even employees. Variations in the market and stock are a common problem brought about by stiff competition or other associated factors. You can also see Business Case Template.
It is important to remember that being in a managerial position means that you will have to devise a method to handle the arising situation. This involves thorough and keen analysis of the situation, innovate and making a sober decision. This, therefore, requires the formulation of a business case template.
It is a formal document with a written argument on a given problem experienced in cooperation. It is mainly intended to convince a manager or any other person in the managerial position to approve some action to be taken to counter the problem. The case should have a thorough description of the current problem. You can also see Case Notes Template.
It should then provide all the possible methods and feasible approaches to a problem. This will provide an array of options that can be used to eliminate the current issue. The content also includes the various benefits and costs that are associated with using individual methods provided. It is also used to provide a justification to a willing entrepreneur if the intended investment performs well.
Short-term business cases are the common type of cases used in the business world. They are a plan or describe the events that are projected for a short period. The remedy o such plans are instituted almost immediately if accepted and approved. Some problems that are solved using short-term case plans include economic stress.
The other type of case problems is long-term cases. They are projections that are done for a relatively long period. The plans and solutions are carefully designed, and they take a long period to be realized. Examples of problems that can be sorted by long-term plans include decreased absenteeism from work, greater engagement in work and increased productivity. You can also see Case Study Template.
Writing this document has a well-stated guide and steps that should be followed to the later.
The first section of this statement is the executive summary. It provides an overview of the current problem or the aspects of the prospective business.
It is the summary of what is contained in the whole document. It gives, in brief, the problem in the organization or the project proposed resources that are vital for completion of the project, the predicted return, desired output and other important considerations. It is presented at the beginning, but it is prudent to write it last after writing the rest of the article. This will ensure that you capture all the information contained in the document. You can also see Test Case Template.
The problem statement follows. In this section, it articulates a straightforward description of the problem that is being faced. Here, the areas that require immediate attention are pointed out. This section is usually attached to the analysis of situation segment. This is where the situation behind the problem is described in a more detailed manner. It culminates in providing the projected events that may occur if the current situation is not rectified.
After highlighting the problems, the various solution options come next. Here, all the methods or ways of dealing with the problems are highlighted. This section requires special attention to convince the reader that whatever you propose can work and is relevant. Multiple solutions for one problem can be provided. Attached to these also include the benefits associated with using any given means of solving a problem. This should enable the concerned individual to choose effectively.
Coming next is the project description. Is provides a synopsis of the project which includes the budget, timeline for achieving the goals, resources required, challenges expected and the specific goals to be achieved.
You should also include the cost-benefit analysis section. In this segment, the cost of using the various options is highlighted. This should include the cost of all the other alternatives. Various methods can be used to illustrate the cost-benefit ration including a graph, chart or any other statistical tool. You can also see DVD Case Template.
The last section of this document is the recommendation. Here, the proposer makes a recommendation for the project. This includes a thorough analysis of the cost benefit ration, and an opinion on which method he/she thinks will work effectively. It also contains a reference that enables the reader to refer to other well-informed articles or books for further information.