This is a group assignment that will also allow you to finalise the fourth assessment piece for this subject. To successfully complete this piece of assessment you are required to join a group. As part of a group you will be developing a business case document. (N.B. In the first class, students will be required to self-select into and form groups of 3 to 4 students.) The business case document should be a minimum of 1,500 words and no longer than 3,000 words. The Business Case Report The objective of the business case report is to develop your ability to convincingly argue a business case, which is a key function of business development. To successfully complete the business case document your group is required to undertake the following activities: Identify for whom and/or for which organisation you will be writing the businesscase document. (You should choose people and/or an organisation that at leastone person in your group knows a lot about, such as a group member's currentor past employer. Alternatively, you may choose people and organisations thatare written about regularly in the business press, as there should be lots ofpublicly available information about them.) Identify an innovation that your group believes could be reasonably discussed as the subject of the business case. The innovation you choose should havethe potential to be developed sustainably over a commercially viable period of time. Consider and evaluate the possible business models that could be used torealise the opportunities inherent in the innovation. Develop the business case document based on the business template provided in class. This will require you to write a business case with five separatesections: 1) The problem; 2) Benefits; 3) Strategic response; 4) Project options analysis; and 5) Delivery of recommended solution. Students will have the opportunity to work on the business case document in class from Week 6. Each group is required to demonstrate both scholarly independence and academic integrity in undertaking all steps of the business case development process. Students are required to base their analyses on data that is reasonably and ethically sourced, and to use assumptions that can be justified in a commercial setting. Responsibility for structuring, coordinating, and managing processes to finalise the business case lies with each team. Teams are encouraged to work with content beyond Tidd & Bessant (2013) and Ostervalder & Pinger 2013. Teams must take charge and deliver a business case capable of convincing key or principal stakeholders that a return is assured. You should have at least 10 refereed journal articles, appropriate justification or mathematical models (such as, Wolfram alpha), and business development issues specific to the problem or need expressed.