Does Everything in Business Have to Have a Business Case to Be Worth Doing - Coursework Example

This paper aims to answer the following research question: “Does everything in business have to have a ‘business case’ to be worth doing?”

First, we discuss the appropriate nature of the topic, define its focus or scope, describe and explain the context in which the paper aims to answer the research question and the peripheral questions that proceed from the search for the answers, establish the rationale for the paper, and enumerate clearly the aims and objectives for the study.

We must arrive at a proper understanding of the question before we attempt to find the right answers.

The question hinges on a clear understanding of why a business exists, what a business is, and what a business should do; in other words, what is the purpose of a business.

Like other observable facts of life, there are two ways of knowing the purpose of a thing.  One can observe and discover what that thing does, or if one knows how that thing came to be, that is, it was created by another rational person to whom we can talk, there is a simpler way: to ask.

A business can be subjected to the same exercise to know what it does and how it works, and in the process to know why it exists, that is, its purpose.

After years of daily observation and questioning, it is this researcher’s common understanding that a business is an artificial (something created or put together, as opposed to natural, that is, existing in nature) form of social organization that fulfills three main goals: it keeps the person who created it busy, it provides the same person some amount of income, and it provides a product or service that meets a need of a portion of society. 

At the start of the research study, this researcher considered these as the main purposes of a business, and as long as these purposes are met, the business becomes an ongoing and sustainable concern as the income generated allows the business to continue in existence.  However, once any of these purposes is not met, either the business ceases to exist or a new business with a different set of purposes is created.