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3 Key Components of an Effective Business Case Study              http://www.projectsmart.co.uk/3-key-components-of-an-effective-busin...




           3 Key Components of an Effective Business Case
           Study
           By Rachel Agheyisi

           A good story is memorable. A case study is essentially a success story.
           A well-written business success story is arguably one of the most
           effective ways to create a visual image of achievable results in the mind
           of a prospective client. However, the way the story is told is important.
           The focus must be on the prospect's needs, not the sponsor's product.

           The following outline provides a good structure to guide the
           development of an effective B2B case story:

           1. The Problem
           One of the strongest appeals of business case studies is that they address real life problems.
           Unfortunately, using a single study to "solve" multiple questions may undermine the impact of the
           report. The tip here is: resist the temptation of using a one-size-fits-all approach to developing a
           marketing B2B study.

           A more effective approach would be to select a core problem, preferably one that is relevant to the
           target industry, segment and reader. The following are two ways to achieve the best match between
           reader and content:

                  Conduct a thorough audience analysis as part of the research for the study. Ask and answer
                  questions that would clarify whether the report is for technical personnel, management, or a mix
                  of readers.
                  Use the knowledge of the target audience to focus on the biggest problem they face, and describe
                  the frustrations/consequences/challenges/threats associated with inadequate resolution of the
                  problem.
                  Define the purpose (a.k.a. marketing objective) of the study based on audience and problem, and
                  stick to it.

           2. Solution Options
           The Solution Section of a business case study essentially builds the case for the sponsor's product or
           service. However, the pitfall here is how the claims are portrayed. There is the temptation to focus
           entirely on the sponsoring company's solution. However, that approach gives the impression of a one-of-
           a-kind solution, which may not be completely accurate.

           A more balanced approach would be to include other solution options currently available in the industry,
           highlighting how they may be deficient in meeting the needs of the target segment/audience. This
           provides a backdrop for introducing the superiority of the sponsor's solution. It's a good way to ensure



1 of 2                                                                                                                 31/10/2009 12:49
3 Key Components of an Effective Business Case Study                http://www.projectsmart.co.uk/3-key-components-of-an-effective-busin...


           transparency and promote the credibility of the sponsoring company.

           3. The Results
           Describing lessons learned and milestones in the product implementation process creates a trust basis for
           the results claimed by the sponsoring company. Additionally, a persuasive way to present the
           benefits/results is to include key performance indicators, such as:

                  Savings in cost and time;
                  Return-on-investment (ROI) indicators;
                  Productivity gains;
                  Loss prevention;
                  Reduction in non-compliance risk, and
                  Revenue growth indicators.

           Like a picture, quantified results encapsulate a lot of appeal, especially if they are readily verifiable.

           Conclusion
           An effective business case study is essentially about "what's in it for me?" from the target prospect's
           perspective.

           The key components of a winning study, including the core problem, the solutions, results, and the
           appropriate tone, answer that question persuasively to the reader's satisfaction. The right answer is
           important in achieving the marketing objective of the sponsoring company.


           Rachel Agheyisi is an economist with over 25 years of business research, writing, and corporate
           consulting experience. She is the Executive Director of Report Content Writer     a company that
           specialises in writing white papers and case studies used by IT companies for generating leads in the
           biotech, financial services, and health care industries. Email Rachel at
           rachel@reportcontentwriter.com on how she may help you develop content-rich white papers and case
           studies.



                                           © Project Smart 2000-2009. All rights reserved.




2 of 2                                                                                                                   31/10/2009 12:49

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3 key-components-of-an-effective-business-case-study

  • 1. 3 Key Components of an Effective Business Case Study http://www.projectsmart.co.uk/3-key-components-of-an-effective-busin... 3 Key Components of an Effective Business Case Study By Rachel Agheyisi A good story is memorable. A case study is essentially a success story. A well-written business success story is arguably one of the most effective ways to create a visual image of achievable results in the mind of a prospective client. However, the way the story is told is important. The focus must be on the prospect's needs, not the sponsor's product. The following outline provides a good structure to guide the development of an effective B2B case story: 1. The Problem One of the strongest appeals of business case studies is that they address real life problems. Unfortunately, using a single study to "solve" multiple questions may undermine the impact of the report. The tip here is: resist the temptation of using a one-size-fits-all approach to developing a marketing B2B study. A more effective approach would be to select a core problem, preferably one that is relevant to the target industry, segment and reader. The following are two ways to achieve the best match between reader and content: Conduct a thorough audience analysis as part of the research for the study. Ask and answer questions that would clarify whether the report is for technical personnel, management, or a mix of readers. Use the knowledge of the target audience to focus on the biggest problem they face, and describe the frustrations/consequences/challenges/threats associated with inadequate resolution of the problem. Define the purpose (a.k.a. marketing objective) of the study based on audience and problem, and stick to it. 2. Solution Options The Solution Section of a business case study essentially builds the case for the sponsor's product or service. However, the pitfall here is how the claims are portrayed. There is the temptation to focus entirely on the sponsoring company's solution. However, that approach gives the impression of a one-of- a-kind solution, which may not be completely accurate. A more balanced approach would be to include other solution options currently available in the industry, highlighting how they may be deficient in meeting the needs of the target segment/audience. This provides a backdrop for introducing the superiority of the sponsor's solution. It's a good way to ensure 1 of 2 31/10/2009 12:49
  • 2. 3 Key Components of an Effective Business Case Study http://www.projectsmart.co.uk/3-key-components-of-an-effective-busin... transparency and promote the credibility of the sponsoring company. 3. The Results Describing lessons learned and milestones in the product implementation process creates a trust basis for the results claimed by the sponsoring company. Additionally, a persuasive way to present the benefits/results is to include key performance indicators, such as: Savings in cost and time; Return-on-investment (ROI) indicators; Productivity gains; Loss prevention; Reduction in non-compliance risk, and Revenue growth indicators. Like a picture, quantified results encapsulate a lot of appeal, especially if they are readily verifiable. Conclusion An effective business case study is essentially about "what's in it for me?" from the target prospect's perspective. The key components of a winning study, including the core problem, the solutions, results, and the appropriate tone, answer that question persuasively to the reader's satisfaction. The right answer is important in achieving the marketing objective of the sponsoring company. Rachel Agheyisi is an economist with over 25 years of business research, writing, and corporate consulting experience. She is the Executive Director of Report Content Writer a company that specialises in writing white papers and case studies used by IT companies for generating leads in the biotech, financial services, and health care industries. Email Rachel at rachel@reportcontentwriter.com on how she may help you develop content-rich white papers and case studies. © Project Smart 2000-2009. All rights reserved. 2 of 2 31/10/2009 12:49