Description
Compare and contrast a Business Case and a Business Plan. Include definitions and applications. Also please explore business case templates. Offer the definition of a business case as part of your assignment and defend it therein. Review web sites for business case templates and indicate those you use, state why the details in the business case template are there and how this represents the corpus of data that would be submitted to obtain funding and project approval to get a project started. The paper should be from 4 to 6 pages in length. Select a business case template that you like and tell me why you selected that business case template. I want you to reference at least three different business case templates and select the one you believe to be the best. Include the one, or URL for it, with your paper. You should reference the others that you evaluated to come to your conclusion.
Explanation & Answer
Attached.
Running head: BUSINESS PLAN VS. BUSINESS CASE
Business Plan vs. Business Case
Name
Institution
Course + Code
Date
1
BUSINESS CASE VS. BUSINESS PLAN
Business Plan vs. Business Case
A Business Plan
A business plan is a tool used to analyze the prospective niche of a business from an
organizational level. It is, therefore, a tool that identifies any gap within the industry that an
organization can exploit through various business ventures such as the provision of services and
goods. The organization finds a business plan a key analytical tool for decision-making in
respect to its ability to compete with other business entities in a given industry (Otoo, Drechsel,
Danso, et al., 2016). Consequently, an organization will rely on a business plan to assess the
viability of a particular business idea and then plan to raise the required startup capital for the
business venture.
A business plan is also a roadmap that provides direction for the organizations future in
the globalized environment, access to information, and technological integration. It outlines the
goals and objectives that an organization needs to achieve and the tactics or strategies that it
plans to use to achieve the goals and objectives (Abrams, 2003). It projects the future finical
performance of the organization based on the current market trends, risks, and opportunities. A
business plan is applicable when there is a need for an organization to give a deeper perspective
regarding the strategic and financial implications for the organization to achieve excellence.
A typical business plan will have section and components that capture the general
perspective of the entire orga...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
The English Patient
by Michael Ondaatje
The Splendid and The Vile
by Erik Larson
Sharp Objects
by Gillian Flynn
The Mayor of Casterbridge
by Thomas Hardy
What Happened
by Hillary Clinton
As I Lay Dying
by William Faulkner
The Trial
by Franz Kafka
Black Beauty
by Anna Sewell
Fools Crow
by James Welch