business case

An early stage description of a business that includes such elements as its objectives, the value it will deliver and the resources needed for startup (see more formal definition below for additional detail). In localfoodsystems.org we add to these more standard elements a set of business ecosystem planning considerations such as available community capitals and supply chain connections. A more formal definition is: "A decision-making tool used to determine the effects a particular decision will have on profitability. A business case should show how the decision will alter the flow of capital over a period of time, and how expenditures and returns will change." (Source: BusinessDictionary.com)

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