Business Case vs. Business Plan Research

Introduction
is no better way to ensure success in business than having comprehensive business documents. Although the old school of thought can tell that success in business rests with the entrepreneur, modern research and studies have shown that a business requires both a business case and business plan for success. However, a business may not stand to gain much from the mission-critical documents without understanding them. Comprehensive understanding of the documents requires differentiating them and knowing their application areas.

Business plan
A business plan is among the most important business components. A business plan is an important roadmap through which success in an organization will be achieved. It helps to evaluate business goals, comprehensive reasons why the goals are achievable, and plan for achieving the goals. A business plan documents the future of a business and where the business is headed. A business plan is not complicated as many would have thought. It ranges from a few sentences to hundred pages. However, as much as it will be simple, the few-sentence business should have a detailed business strategy for the future. Therefore, there is no standard way of writing a business plan (DeBoer, 1998).

It is clear that the size of a business plan does not matter according to the above description. However, the business plan should have some formal sections such as title page. Such formal sections will enable understanding and acting on the business plan. Furthermore, a business plan should have three important sections of business concepts, marketplace, and financiers. Such is a successful business plan that is likely to get approved in case it is necessary. The above three sections are further divided into (Viana, 1990):

Executive summary
Organization and management
Funding request
Company Description
Product line
Financial projections
Market analysis
Market sales
A business plan may focus on changes in company’s perception and branding by the customer. If the existing business would like to carry out a major change or would like to have a new line of product or service, it requires a business plan for at least three years. The investors are likely to expect a return on their investment after that period. A business plan can either be external or internal (Viana, 1990).

Business Case
Besides the business plan, there is a business case that may look similar. However, a business case is a comprehensive persuasion prepared by a company’s department or another unit of the company to help in justification of a proposed project by anticipated income. Therefore, a business case helps to capture the reasons for initiating and funding a certain project within the company. It should be presented well and in written document. However, it may be presented verbally or in presentations. A business case works in such logic that an organization’s resource such as money should not be consumed without going to support a particular business need. A comprehensive business case should adequately capture both quantifiable and non-quantifiable features of a proposed project. A business case depends on the attitude and volume of the business (Carroll, 2010).

Project management methodologies require comprehensive and highly structured business cases. Therefore, business cases range from comprehensive and highly structured to informal and brief. Formal business cases include information that also serves as the project background, the anticipated business profits, other options, anticipated costs, gap analysis, and risks involved in the project. The business case project team should also consider doing nothing as an option, but it should include the risks and costs of doing nothing. The company then derives the justification of the project from the above information. It should be noted that business case is not prepared and developed by the project manager. The business case is prepared and developed by the stakeholders and the project sponsors. The business case is argued regarding cost-benefit analysis. The cost-benefit analysis includes both financial and non-financial costs and benefits. The cost-benefit analysis helps the business to have understanding and account of environmental benefits thereby understanding economic effects in details (Hart, 2000).

Similarities between Business Plan and Business Case
Both are mission-critical business tools with an aim of bringing success to the business. Their implementation requires approval by the company’s management if they are to proceed to the next stage. They are also comprehensive and have several divisions thereby making them formal. Unavailability of any of the components may make the management disapprove the documents by the lack of details. Although they may look different, they look to seize an opportunity in the market whose achievement may propel the business to the next business level thereby making the business gain competitive advantage (Boehler, 2009).

Both documents should be developed adaptable. It means that they should be tailored to both the size and risk of the business proposal. Additionally, they are business oriented in that they are focused on the impact and capabilities of the business as opposed to focusing on the technical side of the business (Boehler, 2009).

Differences between Business Plan and Business Case
There are as many differences as similarities between the two business documents. A business plan covers the whole business. Therefore, business plan impacts are felt in the whole business. On the other hand, a business case addresses a single line of product or department. Therefore, its impacts are felt along that product or in that department. A business case also gives room for choices in case the proposed choice is not considered. However, this is not true with a business plan(Walker, 2002).

The two documents are different in what they aim to achieve during their developments. A business helps to give explanations about the company by giving facts and figures where necessary. A business case is driven by the need to implement a project in the organization. Therefore, a business case helps the business in reaching certain goals and objectives by focusing on the current state of the company and how it can be improved. A business plan is about planning for the business now and in the future (Walker, 2002).

Conclusion
There are more about the business case and business plan than what the paper has discussed. However, it was worth to have knowledge of the two mission-critical business documents. There is the need for more research in the areas to unearth more information about them. Although the discussions in this paper may not be detailed, it can be used by organizations that would like to have an understanding how they can strategize for their businesses using the two documents.

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There are times in life when we want to share our feelings about some particular happenings in our life but we fail to give those feelings any word. That is when the quotes helps us to define what exactly are we feeling, it gives some of the most exact words to our ongoing condition and feelings associated with it. With the increasing use of social media people are expressing themselves freely, but most of he people don’t know how to write about them, in this condition you can recall the famous dialogue from the movie American History X that is “Derek says it’s always good to end a paper with a quote. He says someone else has already said it best. So if you can’t top it, steal from them and go out strong.”

There are various conditions life presents to us after which we feel like being left alone, that ‘s when depression hits us. It is one of the most undefinable feeling and it’s not easy to make people understand your condition, giving words to the feeling of depression is one of the hardest task. In such condition, to make someone understand what exactly you are going through you can look up for the best Quotes About Being Depressed and can express your feelings effectively.

You can easily find quotes on almost every feeling that is inexpressible to you, you can look it up online and you can get some of the best sayings on that topic. Most of the times quotes assures you that you are not alone, someone else has felt the same thing and gave words to it. Like if you are experiencing a bad day then you can look up for the Having A Bad Day Quotes and you can find the best quotes which can define exactly what you are you are going through and how it is feels.

Online there are various websites which are dedicated to this task of collecting quotes of famous people from all over the world. Like while searching you may find Lookup Quotes which can provide you the best quotes on various topics by the famous people. Like if you are die hard fan of DRAKE then you can look up for the Drake Quotes and you can easily find all the quotes said by him.

Expert Career Advice Change

Do you feel you might need a change in careers?
Many individuals reach a point where they get tired of working at the same company and having the same career. There are many ways to decide if you are tired of the career you are in and how to seek a new career. Career advice helps you change something that may not be satisfying you any more. And I am sure that if you want to change career, you need new perfect resume, so i want to give you an advice – write to the executive resume writers online and you will get help really fast.

First, evaluate where you are in terms of job. Are you happy? To you still have satisfaction in doing a great job? Ask yourself if you are bored with the current position and you feel you need a change. The answer to these questions will determine if you should start looking for a new career. Many individuals stay in a job they are no longer happy with for a couple of reasons. One- they have friends at their job and these friends make the rest of the career worth staying with that company or career. Sometimes it is a lack of confidence or fear of having to find a new career. They are comfortable and do not wish to shake that feeling. It also helps to write in a journal or on a piece of paper what likes/ dislikes you have about your career. You may find the company you work for is still great, but you want more from the company like more of a career.

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What are your interests, what do you value from a career? Do you have skills for another career you are interested in or would it require schooling? These questions help you determine just how much you might want to change careers. First, your career should be interesting to you. You should not base a career on the monetary gain. If you do that you will never find a career, you can be happy in. You should also have some aptitude for this job. If you follow career advice change, you might find what you were looking for. Let us look at what you might value in a job above happiness. Do you like a job that is demanding mentally or physically? Do you prefer a desk job or something that gets you outdoors or in a car? These questions are important to determining what you value.

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When you think of the answers to the above questions think about the careers that might fit your values or needs. Chances are you can come up with several careers that you might be interested in pursuing. The next step is to find out if you have an aptitude for those jobs and what education you might need. You can always go back to school to obtain a new job, do not let that stop you.

Next, when following job advice change you will want to learn about these different options. What is the job really like? What are some of the downsides to this job? Speak with an individual about the job you are looking at and find out information. Do not just change jobs without checking it out first.

When you follow career advice change in your job, you will find happiness in a new job. Answering the questions above can lead you to understanding if you are happy with the job you have, but are tired of the company you work for. There are many reasons for a career change, but knowing the most important reasons for changing will help you decide what your next move should be. No one should be in a career for all the wrong reasons. We all experience some a need for change from time to time and if you follow yours dreams, you may find the rewards with a different job.