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

Assignment project team and stakeholder management -

Assignment: Project Team and Stakeholder Management - Essay Read the project case for this assignment. As the project manager for the District 4 Warehouse Move project, you will need to determine who your stakeholders an ...

If you view systems development as a question and-answer

If you view systems development as a question and-answer session, another question you could ask is, "Why do organizations develop IT systems?" Consider what you believe to be the five most important reasons organization ...

A local health club is running a promotional campaign that

A local health club is running a promotional campaign that promises you can lose an inch a month off your waist if you join the club and follow its program. How might this claim cause a communications gap? What should th ...

One of the most common reasons for not wanting to adopt a

One of the most common reasons for not wanting to adopt a matrix is the excessive administrative costs and accompanying overhead costs. Would you expect the overhead rates to decrease as the matrix matures? (Disregard ot ...

What do you think are the biggest barriers to wide-scale

What do you think are the biggest barriers to wide-scale adoption of m-commerce by consumers? Who do you think is working on solutions to these problems and what might the solutions entail?

Arguably the trickiest part of building and maintaining an

Arguably the trickiest part of building and maintaining an effective virtual team is the task of balancing "togetherness" and "apartness." Some insight was given to this question in the background reading. Now read an ad ...

1 strongest and most persuasive arguments in favor of a

1. strongest and most persuasive arguments in favor of a board's consideration in favors of its social responsibility when reaching decisions?

Business law final assignmentpart one multiple choice

Business Law : Final Assignment Part One: Multiple Choice Questions 1. Which of the following requires consideration to be binding on the parties? a) Material modification of a contract involving the sale of real estate. ...

1 a company typically has many systems it wants to build

1. A company typically has many systems it wants to build, but unfortunately it usually doesn't have the resources to build all the systems. How does a company decide which systems to build? 2. How do the four implementa ...

1 why is selecting appropriate target markets important to

1. Why is selecting appropriate target markets important to an organization that wants to adopt the marketing concept philosophy? 2. What is a sales forecast? Why is it important? 3. MTV Latino targets the growing Hispan ...

  • 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