Feasibility Essay

1061 words - 5 pages

1. Answer the following questions about the feasibility analysis:
a. What is a feasibility analysis? When should it be conducted?
i. A Feasibility analysis is the process of determining if a business is viable and is
an assessment of potential business. It should be conducted before the startup
of a business and if business begins to fall short in more than one area involving
the four components, the business should either be dropped or rethought.
b. Why is it important to conduct a feasibility analysis?
i. The feasibility analysis requires both primary and secondary research and is
important because it determines if a business is viable or not and whether its
purposes needs to be ...view middle of the document...

Primary research is
more expensive because it’s new and someone has to obtain and conduct new
information and analysis. Secondary, on the other hand, can be obtained off the
web or other sources for free or at a low price.
b. What type of research did the founders of Luminaid use in founding their business?
Based on the findings of their findings, assess the product desirability and product
demand for their product.
i. The founders used mainly primary research being that the idea of the products
design was very new to the market. The product was successful and very
desirable and the demand was great for it with regular camping or reading
Americans to non-American disaster victims.
c. What is the target market for Luminaid? Is this market attractive? Explain why or why
not.

Shanna Parker
ENT387
01/27/2016
Homework Assignment #3
i. The target market for the Luminaid is mainly disaster relief
programs/organizations and yes it is attractive. The product is attractive
because of the size (very compact and can ship many at lower costs because of
that). It looks nice and put out enough light to allow people to get through a
good portion of the night safely.
d. Go to Indiegogo.com and type in the search bar LuminAID and watch the short video
provided by the owners. Would you be interested in funding this business? Explain why
or why not.
i. I would be very interested in funding this business because of the meaning and
beautiful cause behind it. It is awesome and can be used for more than just a
disaster relief aid but also a light and compact camping aid, book light, and
more! It is a great multiuse product/fund to invest myself in.
3. Read the Case 3.2 (Embrace Infant Warmer in pages 102-104) and answer the 4 questions (3-38;
3-39; 3-40; 3-41) following the case in page 104.
a. 3-38
i. I would say that the target market is more so hospital organizations in
developing countries that simply can’t afford incubators, as well as doctors and
mothers in rural villages where most babies are born. I would say this market is
pretty attractive given that over 15 million babies are born premature each year
in America alone. In developing countries,...

Other Papers Like Feasibility

Feasibility Analysis

906 words - 4 pages CHAPTER 3: FEASIBILITY ANALYSIS * Feasibility analysis is the process of determining if a business idea is viable. * The most effective businesses emerge from a process that includes: a) Recognizing a business idea b) Testing the feasibility of the idea c) Writing a business plan d) Launching the business * A mental transition must be made when completing a feasibility analysis from thinking of a business idea as just

Feasibility Study Essay

1957 words - 8 pages identify and possibly reduce these transaction costs. Non-standard pricing: I often wonder if real estate valuation is an art or a science. Is fair market price for real estate a myth? The truth is that the real estate market is less efficient and less transparent compared to equity market. Non-standard pricing and low transparency can become a real issue in the emerging markets. The Place of Feasibility Study The place of a feasibility study

Feasibility Studies

557 words - 3 pages FINANCING OF FEASIBILITY STUDIES Through its MSME Support Fund, BIO grants subsidies to co-finance feasibility studies. The feasibility study is a necessaryphase prior to the creation or development of a company. It has to be conducted by a third partuy expert. It aims to prove the technical viability and profitability of a project, and is a prerequisite to draw up a business plan. SUBSIDIES The MSME Support Fund grants non-reimbursable

Organizational Feasibility

670 words - 3 pages Organizational feasibility involves a company's ability to handle an undertaking. What determines organizational feasibility includes the management team's set of skills, competency and available resources to successfully launch its business. There are two primary areas to consider in organizational feasibility analysis is Management prowess and Resource sufficiency. Therefore, in order to support training, education and employment opportunities

Feasibility Study

699 words - 3 pages frame, this product will pay for itself. As a day-to-day task, security should be as automated as possible reducing the average number of hours spent on associated tasks a bare minimum. Additionally hours regained from this efficiency will be utilized to attack other problem areas and further stabilize the network environment. 8. FINDINGS AND RECOMMENDATIONS Based on the information presented in this feasibility study, it is recommended this

Feasibility Study

2911 words - 12 pages Project Summary In this chapter, the group presents the highlights, descriptive definition, long- range objectives, feasibility criteria, history and basic conclusions of studying the business viability of “Biba Lavendera” laundry shop. A. Name of the Enterprise Biba Lavandera Laundry Shop A business name is one of the most essential things to be prepared in starting a business. Biba Lavandera as the primary name of the business

Feasibility Study - 673 words

673 words - 3 pages Part 1. Feasibility Study My service will be providing a dessert and coffee bar that specializes in unique and fun variations of desserts. I will provide products such as "dessert nachos" where the customer will have the chance to experience nachos made from dessert items. Among the other interesting items, will be a dessert breakfast where the customer will have sunny side eggs made of white chocolate and giant m&m's, chocolate covered bacon

Feasibility Report

2768 words - 12 pages questions, as well as full-service referrals to florists, hair stylists, entertainers, musicians, etc. This Feasibility report has been produced to help plan the wedding of Victor Mark and Belinda Smith taking place on the 25th of January 2016 at the Rye Castle. The report is going to explore how feasible it is to deliver this dream wedding with the budget that has been set. The stakeholders (bride and groom) will be made aware of any risk that

Feasibility Report

3416 words - 14 pages 1 Executive summary This report discusses the feasibility of opening up a Public Kitchen which is served for college students in China. It is necessary to use several management research tools to assess the feasibility, such as PESTLE, Porter’s Five Forces and Cash Flow, based on those researches, it seems that this business could success and have much developing space to improve itself in the future, for example, adding more recreational

Restaurant Feasibility

4715 words - 19 pages FEASIBILITY STUDY Proposed Project: ROYAL GARDEN BUFFET RESTAURANT Tuguegarao City Prepared for: Prepared by: SHERYL A. TULALI HETILYN URBANOZO DEXTER BERONA NORLYN DE LUMA EMILY URSULUM TABLE OF CONTENTS SECTION GENERAL INFORMATION……………………………………………………………I a) Type of the project b) Name of the project c) Address of the project d) Name of the owners e) Form of the business f) Capitalization INTRODUCTION

Feasibility Analysis

3536 words - 15 pages Feasibility Analysis Holi-Rent BUS827 Group Assignment BUS827 – Entrepreneurship and Business Strategy Word Count: 3346 Company Description Holi-Rent is an equipment rental service that provides leisure, recreational and holiday appropriate equipment that will assist the target market, international students studying in Australia, to easily find and use necessities that they would need to enjoy themselves in their free time

Related Essays

Feasibility Essay

855 words - 4 pages Feasibility study topics Common factors The acronym TELOS refers to the five areas of feasibility - Technical, Economic, Legal, Operational, and Scheduling. Technology and system feasibility The assessment is based on an outline design of system requirements, to determine whether the company has the technical expertise to handle completion of the project. When writing a feasibility report, the following should be taken to consideration

Feasibility Essay

1152 words - 5 pages Sample contents of a completed Feasibility Study 1. Title Page 2. Table of Contents 3. Executive Summary This is the summarised version of the feasibility study. It must adequately cover the major points of the feasibility study on one or two pages. 4. Introduction - Justification - Study objective - Scope of study 5. Product/Service Description Describe your product/service here 6. The Promoter - Name

Feasibility Essay

1516 words - 7 pages contain this subject. The Feasibility Study in Establishing an Airsoft Adventure Park in Conel, General Santos City Profile of the Major Players Locale of the Study Services Offered Conel, Respondents Market General Santos City Capacity of Major Players Key Success Factors

Feasibility Study Essay 559 Words

559 words - 3 pages A feasibility study is a short, focused study that should take place early in the RE process. It should answer three key questions: a) does the system contribute to the overall objectives of the organization? b) can the system be implemented within schedule and budget using current technology? and c) can the system be integrated with other systems that are used? If the answer to any of these questions is no, you should probably not go ahead