Prepare a Feasibility Analysis for a Product or Service You

question 44

Essay

Prepare a feasibility analysis for a product or service you have thought about in the past and that may have market value. Answer the following questions: Is there a customer and market of sufficient size to make the concept viable and able to grow? Do the capital requirements to start and operate to a positive cash flow make sense? Can an appropriate startup or founding team be assembled to effectively execute the concept?

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Definitions:

Brainstorming

A collaborative idea-generation process aimed at finding a solution for a specific problem by gathering a list of ideas spontaneously contributed by its members.

T-grouping

A form of group training where participants learn about themselves, interpersonal relationships, and group dynamics through direct interaction and feedback, usually within the context of organizational development.

Open Ideation

The process of generating ideas openly in a collaborative environment, allowing for a wide range of contributions and creativity.

Team Setting

An environment where individuals work collectively towards common goals or objectives, often emphasizing collaboration and communication.