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Business Case Basics
Learn what a business case is and how to develop onePreview the first lesson free — get full access to all 5 lessons.
Advanced Provider : Sean Ahern 5 Lessons · 14m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
Often in the world of business, you come to a point where you must make difficult decisions, such as whether to remove a product, increase your product offering, or to simply look at upgrading your manufacturing capabilities. How do you avoid risk-taking in your decision-making process as a leader of an organization? The solution is to develop a business case for your decisions. When you are looking to make a decision that impacts your organization, performing a business case analysis allows you to look at the bigger picture to come to an informed decision. Putting together a business case to support your decisions as a corporate leader allows you to take an in-depth look at your operations and determine the impacts, risks, and costs.
In the course, Business Case Basics, you will learn what a business case is and why it is a useful tool to implement as a leader in your organization when faced with issues or the need to change. You will gain an understanding of the elements necessary in a business case to serve as your roadmap to success. You will also learn the important qualities that make an effective business case with key tips of what to do and what to avoid during the process.
What You'll Learn
- Identify the need for a business case when facing organizational issues or change
- Recognize the components and elements that make up a business case
- Develop a business case outline to serve as your roadmap
- Identify the qualities of an effective business case
- Apply key tips on what to do and what to avoid during the business case process
Key Takeaways
- A business case is a tool leaders use to support decisions and avoid risk-taking when an organization faces issues or the need to change.
- Performing a business case analysis lets leaders look at the bigger picture to reach an informed decision.
- Putting together a business case allows a corporate leader to examine operations and determine the impacts, risks, and costs of a decision.
- A business case contains necessary elements that serve as a roadmap to success.
- Certain qualities make a business case effective, along with key tips of what to do and what to avoid during the process.
Frequently Asked Questions
What is this course about?
Business Case Basics teaches what a business case is and why it is a useful tool to implement as a leader when faced with issues or the need to change, including the elements necessary in a business case and the qualities that make one effective.
Who is this course for?
It is aimed at leaders and corporate leaders of an organization who must make difficult decisions, such as whether to remove a product, increase product offerings, or upgrade manufacturing capabilities.
What skills will I gain?
You will learn to identify the need for a business case, recognize its components, develop a business case outline, and identify the qualities of an effective business case.
What topics or lessons does the course cover?
The course includes an Introduction, What Is a Business Case?, Elements of a Business Case, Qualities of an Effective Business Case, and a Test Your Knowledge section.
Why is a business case useful for decision-making?
Developing a business case helps you avoid risk-taking in your decision-making process and take an in-depth look at your operations to determine the impacts, risks, and costs of a decision.
