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Management Tip of the Day: Build a better business case
May 10, 2012 / 12:05 PM / 6 years ago

Management Tip of the Day: Build a better business case

BOSTON (Reuters) - To build the best business case, don’t rely on preconceived notions, and remember to pull in various stakeholder before charging ahead, says Harvard Business Review.

The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org (www.hbr.org). Any opinions expressed are not endorsed by Reuters.

”When building a business case, many managers pick an early solution and fail to explore additional possibilities. Others fail to consider the status quo as an alternative.

To avoid these traps, bring together the people who will be affected by the outcome of your proposal — these may be customers, frontline workers, or managers in other departments.

Ask them to brainstorm alternatives. To generate as many ideas as possible, record everything without judgment or discussing pros and cons. Once you have a full list, move on to assessing which are feasible.”

- Today’s management tip was adapted from the “Harvard ManageMentor Online Module: Business Case Development.”

For the full post, see: here

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