2014 January 1 Retrieved from

2014 january 1 retrieved from

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( 2014, January 1). Retrieved November 14, 2014, from - case-and-assemble-the-pid.
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Running head: Business Case Research Paper 3 Business plan: It is defined as the explanation of every financial step in detail in order to create or grow the profits. It also specifies how the product will contribute to the financial value of the company. A business plan guides the company how to raise the profits and helps the stake holders in identifying the value of the plan or approach. As we can spectate that the scope and the domain of the business is the major difference between the business case and plan. The business case analyzes the project whereas, business plan analyzes the organization or a business unit. How the business plan is used? The business plan is used to: Make crucial business decisions that focuses on the business activities and maximize the resources that are required to continue the business. Understand the financial aspects of the business, including cash-flow and break-even requirements. Gather crucial industry and marketing information. Anticipate and avoid the obstacles that the business is likely to encounter. Set goals and measurements to assess progress over time. Expand in new and increasingly profitable directions. Be more persuasive to funding sources. ( Abrams, R. 2003,pg. 34) A business case is organized around a single action or single decision and its alternatives. It Predicts cash flow results and important non-financial impacts that follow from the action. It focuses on business objectives for the action and it is also based on a cost model and a benefits rationale, designed for the case, and applied to one or more action scenarios. It's used to measures financial metrics such as NPV, IRR, ROI, payback period, and TCO, based on
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Running head: Business Case Research Paper 4 projected cash flow. Also includes important non-financial impacts. In a non-profit or government organization, the scope of the case may include benefits and costs to the population served as well as the organization itself. Whereas, business plan is organized around an organization or the whole enterprise. The plan may cover a single product or product line or the
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