Business Plan/Business Case

Abstract
A business plan is a document used for planning out specific details about a business. A comprehensive business plan has three sections- business concept, financial and marketplace. The fundamental purpose of a business plan is to define what the business is or what the company intends to be over time. A business case captures the reasoning for starting a task or a project.. A compelling business case sufficiently captures both the quantifiable and unquantifiable characteristics of a proposed project. A business case and business plan are elementary documents in business or a company. The two business documents differ in terms of the procedure of developing them and the intent of developing.

Introduction
Business Plan
A business plan is a document used for planning out specific details about a business. A business plan can range in size from a simple few sentences to more than 100 pages with formal sections, a title page and a table of contents. A typical business plan has an average of 15-20 pages. A comprehensive business plan has three parts- business concept, financial and marketplace. The three sections are broken down into seven components. These components include the overview of the plan, a description of the new business, design and development, market strategies, competition analysis, operations and management, and financial information. The main purpose of a business plan is to define what the business is or what the company intends to be over time. Clarifying the purpose and direction of someone business allows the person to understand what needs to be done for the business forward movement. Clarifying consists of a mere description of the business and its services or products (Wassinger et al. 2011)

Business Case
A business case captures the reasoning for starting a task or a project. It is usually presented in a well-structured written document, sometimes a business case comes in the form of a short verbal presentation or argument. The purpose of a business case is that, whenever resources such as effort or money are consumed, they should be in advocate of a particular business need. A compelling business case sufficiently captures both the quantifiable and unquantifiable characteristics of a proposed project. A business case depends on the business volume and business attitude (Belkin et al. 2000) Business cases can range from complete and highly structured, as required by formal project management methodologies, to informal and brief. Information found in a formal business case could be the background of the project, the expected business profits, and the options considered also the expected costs of the business, a gap analysis and expected risks of the project. A business case is of great importance because it helps decision-makers ensure the proposed initiative will have relative and value priority compared to alternative actions based on the goals and expected profits laid out in the business case. Also, a business case helps the decision makers ensure the performance found in the business case are identified to be used for the proactive realization of the business and behavioral change (Larriveee, 2012).

Comparison and contrast: Business Plan and Business case
A business case is organized around a decision or an action, to address business case questions, the questions in a business case contrast with the focus for the business plan. A business plan address questions such as what will the business look like in a year or three years? How does the business project get to those results? What sales, revenues, and margins can we expect the coming year? How many years will it take this business project to become profitable? Sometimes confusion arises about the differences between the business plan and business case and the ways they complement each other. In brief, a business plan is organized around the business association. The business case is held to address questions about the single decision or action. Whereas a business plan asks what the business project will look like, the business case asks: what will be the outcome in business terms if we take this action or that? In contrast to the business plan questions, the business case addresses questions like: What will be the financial outcome if we choose x or do y? What important non-financial consequences can we expect in either case? What will we require a capital budget next year if we decide to buy the service cars instead of leasing them? (Larriveee, 2012)

A business case is organized around a single decision or a single action and its alternatives while a business plan is organized around an organization or the whole business. The plan may cover a single manufactured good or product line or the whole enterprise. A business case predicts cash flow outcome and important non-monetary impacts that follow from the action while a business plan predicts company performance of the organization, especially in the main categories of the income statement. A business plan may include projected pro- forma balance sheets or income statements for future years. A business case focuses on business objectives for the action meant to be accomplished while a business plan focuses on the business goals for the organization. A business case is based on a cost model and profits rationale, intended for the case, and applied to single or more action scenarios while a business plan is based on the business model for the association. Showing how and where the enterprise makes money, same to income statements. A business case measures financial metrics such as IRR, ROI, NPV, TCO, and payback period, based on estimated cash flow. Also include significant non- economic impacts. A business plan measures business performance in terms of sales, profits, margins, and business health by involvement to large balance sheet categories. A business case in a government organization or in a non-profit organization, the scope of the case may include advantages and costs to the people served as well as the business itself. A business plan may focus on budgetary requirements, funding needs, and ability to operate within the financial plan (Larriveee, 2012).

Conclusion
A business case is intended to justify a particular course of action or decision relating to an existing business or organization. For instance, a human resource manager may write a business case for increasing the number of workers while a production manager may write a business case for acquiring a new production machine (Harvard Business School Press 2011). A business plan is generally prepared while starting an enterprise to describe an acknowledged opportunity, the manufactured goods or services to meet the occasion, the target market, and the business strategy to win against competitors. As a business document, a business plan informs the entrepreneur and the financier the monetary requirement and the project performance of the company. The primary purpose of preparing a business plan is to solidify funding by describing to the potential funders not only the practicality of the business opportunity, but also the strategies to assure the success of the company. It is critical to comprehend the use of each of the business documents.

Police shoots an allegedly armed man at a police stop

On Saturday April fourth, 2015, an Anaheim police shot dead an allegedly armed man as he was getting out of a Toyota Prius as he was stopped by the police in the orange city. The incident occurred on Saturday morning as the Anaheim police officer was looking for a woman who was wanted by police for arrest. The shot man, the wanted woman and another woman were passengers of the Toyota Prius that was followed by the police in the city of Orange. The police stopped the vehicle to question its occupants at about 8.30 in the morning near the junction of Glassell Street and Lincoln Avenue. The police officers from the Anaheim police department tracked the vehicle into the orange city from north Anaheim. The police officer shot the man as he was getting out of the vehicle and the wanted woman was arrested and taken into custody though the officers did not disclose what the woman was being arrested for. The other woman who was the driver of the vehicle during the incident was questioned and questioned and released according to the police.

The man who was at his 60s was pronounced dead at the scene. None of the three police officers was injured during the incident and there were no reports on whether the woman in the vehicle was injured or not. A woman by the Susie Guerrero, who works not far from the scene said that she saw three officers come out a police vehicle and heard about five to six gunshots. No police from the orange police department to part in the shooting, but the city of orange is investigating the occurrence since it happened in the city. The orange district attorney’s office is responsible for investigating the police officers who were involved in the shootings.

It was against the law and a violation of individual’s human rights for the police to kill the allegedly armed man. Even though the police allege that the man was armed, there is no evidence to indicate that the man attacked or had any intention of attacking the police. For one, it is not illegal for one to possess an arm and the fact that the man was armed; he didn’t deserve to be murdered. According to the evidence provided, the man did not show any kind of physical violence or any intention to use his harm to attack the police. Similarly, the man was not the suspect being followed by the police and there is no indication that he had a criminal record. The police could have used other means to disarm the man rather using the bullet to get rid of him. This action was against the purpose of the police to protect the citizens and it was also an act of cowardice. There should be a thorough investigation of the incident and the necessary actions to be taken against the police officer who executed the killing. This would deter the police who use excessive force towards suspects to refrain from this kind of practice.

How Does Generative AI Test Applicants More Thoroughly Than Conventional Exams

Traditional examinations have been the main means of evaluating pupils’ knowledge and comprehension for many years. Personalized feedback, flexibility, and practical skills evaluation have been significantly lacking due to their emphasis on definitions and memorization. To effectively represent students’ diverse talents, assessment methods must change as education progresses.

The Static Character of Customary Exams
Traditional paper tests use prepared questions that may not accurately assess a student’s comprehension or problem-solving skills. These tests’ static character restricts the evaluation to a small range and omits important facets of a student’s capability.

Generative AI: An Innovative Approach to Assessment
The revolutionary approach of generative artificial intelligence (generative AI) seems to solve the problems with traditional tests. In contrast to conventional techniques, Generative AI makes use of sophisticated algorithms to provide dynamic, adaptive tests that surpass simple memory.

Comprehensive Evaluation of Practical Skills
The capacity of Generative AI Assessment to assess practical skills is one of its main benefits. This method better assesses students’ practical skills by mimicking real-world situations and dynamically creating questions that demand knowledge. A comprehensive picture of a student’s skills is given by Generative AI tests, which include everything from coding tasks to situational problem-solving.

Adaptability and Personalization in Assessment
Conventional tests often use a one-size-fits-all approach, ignoring the differences in each student’s learning style and speed. Conversely, Generative AI Assessment adjusts to the unique skills of every learner. The technology dynamically tailors questions depending on replies to match student competency. This flexibility promotes a fair and more individualized assessment procedure.

Quick Feedback for Ongoing Development
The delay in feedback delivery is one of the main drawbacks of conventional tests. However, Generative AI Assessment provides immediate and thorough feedback. This lets teachers pinpoint certain areas that may need more attention, in addition to helping pupils quickly recognize their errors. Continuous improvement is facilitated and the learning process is enhanced by the real-time feedback loop.

Ethical Considerations and Fair Evaluation
A fair assessment procedure is guaranteed by Generative AI Assessment, which aims to reduce bias. Exams that are based on tradition may unintentionally favor certain learning styles or cultural backgrounds. Data-driven generative AI minimizes such prejudices, creating an inclusive evaluation environment that embraces variety and individual talents.

Preparing Students for the Real World
Critical thinking and flexibility are essential in a world that is changing quickly. Generative AI Assessment tests students’ knowledge application in dynamic scenarios to prepare them for real-world difficulties. Students gain from this in both their academic and professional endeavors, as it gives them the tools necessary to adapt to a rapidly changing work environment.

Conclusion
By solving the shortcomings of conventional tests, Generative AI Assessment offers a revolutionary step in student assessment. Looking forward, the incorporation of Generative AI Assessment has the potential to promote an educational system that is more equitable, inclusive, and productive.

Generative AI Assessment is more than simply a technology advancement; it’s a step toward a more comprehensive and responsive education system that enhances each student’s unique qualities.