Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

I. Feasibility Study.
 
According to the research, a number of critical factors are significant for a new venture’s success and should be assessed in a systematic manner prior to investing extra time and one’s other resources. Those factors are summarized in “Exhibit 4.2, The Feasibility Study Outline” in the textbook, pages 93-96 and in the Appendix, Sample Feasibility Study, pages 103-116. Your feasibility study assignment will include four (4) written parts based on developing an initial feasibility study of your business concept and an analysis of its viability for a business startup. Each written component must be three pages in length and single spaced. The page limitation is designed to encourage you be brief but particular.  Part four will need the completion of two spreadsheets which will be attached to the assignment.
 
The feasibility analysis is a prelude to writing a business plan, that is more detailed and thoroughly researched and is, needed if a bank loan or investment funds are being sought. The purpose of the feasibility study is to assess whether or not a good idea represents a profitable business opportunity and is designed to gain sufficient information and data to give  you with a ‘go or no-go’ decision in moving forward in completing a full business plan.
 
Assignment1. (3 pages single spaced with subheadings)
 
Part1. The Description of your Business Concept (please include subheadings).
 
i). Describe your product or service in a paragraph or two.
 
ii). Present the Mission of your business, e.g. fundamental reason for being.
 
iii). Describe the features or characteristics of your product or service. Ref. pages 274-276 and pp. 186-187.
 
iv). Describe the value added (benefits) of your product or service, E.g. why would someone pay for or buy your product/service over your competitors. Ref. pages 193-194.
 
v). What need or desire does your product fulfill: 1) solves a problem in the market; 2) fills a gap in the market; 3) responds to current environmental trends?
 
vi). Will your business be 1) an online business; 2) an on-ground business; or, 3) a combination of both? describe.
 
vii). Provide the six-digit NAICS (North American Industrial Classification System) number for your business. NAICS numbers may be found at the following site: http://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart=2012
 
Thread 1:  Small Business vs. Entrepreneurship

Table 1.1 on page 7 of our text distinguishes between small businesses and high-growth or entrepreneurial ventures. Please present three businesses currently in operation which would be exs in every category and why you placed them in every category.

Remember our discussion of entrepreneurial characteristics and competencies from last week. Do these influence whether or not a business is a small business or a high-growth venture?

Thread 2: Playing the ‘Stringless Uke’

Testing your Creativity and Innovativeness

Scenario:  You moved recently and forgot to pack your ukulele, which you love to play in your extra time and that always cheers you up.  You call your former landlord and ask him to send the ukulele to you at your new address.  The package arrives and you open it with great anticipation.  When you open the package, much to your distress you find your ukulele, but it has no strings!

describe to your classmates how you would play or otherwise do with a string less ukulele.  Also, please consult with a trusted family member or close friend as to how they would play a string less ukulele and compare or contrast with your own responses.

List and discuss the solutions that you believe are left-brain hemisphere solutions (logical or rational) and those that are right-brain hemisphere solutions (artistic or non-linear) and support with evidences.  Comprise a definition and discussion of some strategies which you could use to amplify your creativity and discuss these with your classmates.

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M9538

Have any Question? 


Related Questions in Project Management

Wite the given paper in proper englishassignment

Write the given paper in proper english. Assignment : Inappropriate Behavior Marwan has worked at Studio Five Theme Park as a character actor portraying a swash-buckling pirate. He does not have an employment contract. H ...

The metro police department has partitioned the city into

The Metro Police Department has partitioned the city into four quadrants. The department has 20 police patrol cars available for each shift per day to assign to the quadrants. The depart- ment wants to assign patrol cars ...

1 how do environmental business interpersonal and

1. How do environmental, business, interpersonal, and individual factors affect business purchases? 2. What function does an industrial classification system help marketers perform? 3. List some sources that a business m ...

1 why can the process of commercialization take a

1. Why can the process of commercialization take a considerable amount of time? 2. What is product differentiation, and how can it be achieved? 3. Explain how the term quality has been used to differentiate products in t ...

Ivillage is an example of an online community explore the

iVillage is an example of an online community. Explore the content of this website at www.ivillage.com. a. What target market can marketers access through this community? b. How can marketers target this community to mar ...

What is the name for the broad process of planning for the

What is the name for the broad process of planning for the unexpected? What are its primary components? Which two communities of interest are usually associated with contingency planning? Which community must give author ...

E-commerce project management and it experiencetext book

E-commerce, project management and IT experience, TEXT BOOK "Introduction to e-commerce" by rapport &a jaworski. Homework based on this book . Please read and make sure you are 100% able to do this work. The U-Build-It H ...

Discussionmiddot assess the value of the product

Discussion · Assess the value of the product life cycle as a tool for product succession planning and related product management activities. Give your opinion on whether or not the Product Life Cycle can help health care ...

How are equity compensation plans affected when used as

How are equity compensation plans affected when used as incentive compensation with employees from different countries in the MNEs?

The information age in which you livechanging the face of

The Information Age in Which You Live Changing the Face of Business OPENING CASE STUDY: IS YOUR SOCIAL SECURITY NUMBER WORTH $98? The answer for many people is yes. But they're not referring to the worth of their own soc ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen