Market for the product or service being proposed

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Write a brief report on the busniess venture you choose.and then answer the following

a. 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.

b. 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.

Reference no: EM132087038

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