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

1 write short notes ona graphical evaluation and review

1. Write short notes on: a. Graphical Evaluation and Review Technique (GERT) b. Cost control 2. Describe CPM technique of project planning. 3. What do you understand by managing cash flow? 4. Describe how you can choose ...

Assignment - course objectivesthis assessment task relates

Assignment - Course Objectives This assessment task relates to the following course objectives: - Identify traditional and agile approaches and lifecycles for managing information technology projects; - Employ a systems ...

Read the given article and provide a technical discussion

Read the given article and provide a technical discussion and critique of the ideas that are presented. You may use the following questions as prompts, but you are expected to explore the issues and concepts more fully. ...

Your ceo is a visionary who wants you to transform the way

Your CEO is a visionary who wants you to transform the way the company conducts business. She is fascinated by computer software for project management and requires that you conduct a SWOT analysis of this service in rel ...

Assignment - creating a wbs for the construction of a

Assignment - Creating a WBS for the Construction of a House Steve Rogers was busy making supper with his wife, Natasha, and they were discussing the house that they had decided to build. They had made the decision that S ...

Change management communication and leadershipduring this

Change Management Communication and Leadership During this course, you have developed many of the artifacts utilized by project managers. You have learned that, contrary to common misconceptions, project managers are inv ...

Questionthe foreign corrupt practices act prohibits bribery

Question: The Foreign Corrupt Practices Act prohibits bribery in international business. Do you think that US companies are at a disadvantage as a result of the Foreign Corrupt Practices Act? Take a position and defend y ...

Case study assignmentpurpose of the assessmentscope creep

Case Study Assignment Purpose of the assessment: Scope creep can occur when the scope of a project is not properly documented, defined, or controlled. It is generally considered a negative occurrence, and thus, should be ...

Project managementpreviously in the course you were asked

Project Management Previously in the course, you were asked to think of a project you have been involved with at your place of employment. Think of that same project, imagine that you have been appointed the project mana ...

It project management techniques assignmenttask - team

IT Project Management Techniques Assignment Task - Team Project Management Plan. Objectives - This assessment task relates to the following course objectives: Identify traditional and agile approaches and lifecycles for ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate