What is a BD Business Case?
A Business Development (BD) Business Case is a comprehensive document or presentation that outlines the rationale for initiating a project or task. It is a persuasive, evidence-based argument that clearly articulates the benefits, costs, risks and strategic alignment of the proposed project or task. The BD Business Case serves as an invaluable tool for decision-makers to evaluate the feasibility and potential impact of the proposed initiative.
What is a BD Business Case for the Industrial Gas Industry?
In the context of the Industrial Gas Industry, a BD Business Case might be developed to justify an investment in new production facilities, expansion into new markets, development of new products or services, or implementation of new processes or technologies. The BD Business Case would provide a detailed analysis of the market opportunity, competitive landscape, financial implications, operational requirements and strategic fit of the proposed initiative.
For instance, if a company in the Industrial Gas Industry is considering investing in a new hydrogen production facility, the BD Business Case might include an analysis of the growing demand for hydrogen as a clean energy source, competitive analysis of other hydrogen producers, financial projections for the investment and potential return on investment (ROI), assessment of operational requirements and risks associated with hydrogen production, and discussion on how this initiative aligns with the company’s overall strategic objectives.
How to present your BD Business Case of the Industrial Gas Industry to Executives in 15 Minutes?
Presenting your BD Business Case effectively to executives within a short span of 15 minutes can be challenging but not impossible. Here are some tips:
1. Start with an Executive Summary: Begin your presentation with a concise summary that encapsulates your proposal’s key points. This should include what you’re proposing, why it’s necessary, what it will cost and what benefits it will deliver.
2. Highlight Key Points: Focus on presenting only the most critical information from each section of your business case. Use clear visuals like graphs, charts and infographics to illustrate your points.
3. Use Storytelling: Make your case more compelling by weaving a narrative around your proposal. Explain the problem or opportunity in a way that resonates with the executives’ experiences and perspectives.
4. Be Prepared for Questions: Anticipate potential questions or objections and be prepared with well-reasoned responses. This will demonstrate your thorough understanding of the proposal and its implications.
Conclusion and Next Steps
In conclusion, a BD Business Case is an essential tool for making informed decisions in the Industrial Gas Industry. It provides a structured framework for evaluating the feasibility and potential impact of proposed initiatives, thereby reducing risk and increasing the likelihood of success.
The next steps after developing your BD Business Case would be to present it to the decision-makers in your organisation. Remember to keep your presentation concise, focused on key points, engaging through storytelling, and be prepared for any potential questions or objections.
Once you have secured approval for your proposal, you can then proceed with detailed planning and implementation. Regularly review and update your business case throughout the project lifecycle to ensure it remains relevant and continues to provide value.