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write A “BRIEF” REPORT ON THE BUSINESS VENTURE YOU CHOSE TO STUDY . QUESTION 1- Product/service feasibility analysis is an assessment of the overall appeal of the product or service being proposed. The two components of product/service feasibility analysis are product desirability and product demand. How would you conduct a product/service feasibility analysis for “your” venture? Be brief. QUESTION 2- Industry/market feasibility analysis is an assessment of the overall appeal of the market for the product or service being proposed. For feasibility analysis, there are two primary issues that a business should consider in this area: industry attractiveness and target market attractiveness. Given that most start-ups simply don’t have the resources needed to participate in a broad market, how would you conduct a market feasibility analysis for “your” venture? Be brief. QUESTION 3- Organizational feasibility analysis is conducted to determine whether a proposed business has sufficient management expertise, organizational competence, and resources to successfully launch its business. There are two primary issues to consider in this area: management prowess and resource sufficiency. How would you conduct an organizational feasibility analysis for “your” venture? Be brief.

Answer 1: The product / service feasibility study is the feasibility of the overall product itself and its serviceability in the operating market. For conducting this feasibility, we need to do the product feasibility and service feasibility separately.
Product Feasibility: The product feasibility can be studies by following points
Assess the design feasibility
Assess product meets the customer requirements/parameters
Product passes the engineering performance tests and durability tests
Product design is manufacturable in the organization
Product’s components are manufacturable at the suppliers levels
Product costs are within the target limits
Product posses the required quality levels
Product is competitive in the market
Service Feasibility: Service feasibility is defined as the product’s ability to be services or repaired at the company repair channels or by the consumers in the market. The serviceability can be feasible based on below checks as below
Easy to disassemble the product in the market / at company channel network.
The product can be repaired in market / at company channel network.
The availability of spares parts for replacement during repair
The product can be easily diagnosed and repaired accordingly.
Repair manual states the procedure for repair in the market
Know how in the market for the product
Literature and broachers are available for the product handling informations.
The torque specifications and other required specifications are available in the market.
By reviewing all the above points, we can do the feasibility of the product / service for any organization.
 
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