Essay on Feasibility Study Of A Business

Essay on Feasibility Study Of A Business

Length: 1053 words (3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The feasibility study of a business’s design comprises of all strengths and weaknesses analyses within a particular business in order to determine whether the design is practicable and potential to benefit that business in a foreseeable future (Trimi, Berbegal-Mirabent 2012). To access this study, the researcher need to have a comprehensive understanding of the business’s resources and their interconnections which are included in the business model Canvas (Stephen, Richard 2014). This model is considered the most effective methodology in the process of supporting innovation and making decisions, thus, to assure the successfulness of a business or a project (Hanshaw 2015). This essay will discuss some central characteristics including customer segments, value propositions and channels of the Business Model Canvas respectively in the case of Dell, one of the most valued companies in the technology industry. The importance of this model in the process of assisting the researchers to access the viability of the business’s idea will also be examined in the subsequent paragraph of the essay.
The Business Model Canvas is an innovative business model framework which can be distinguished with other frameworks by its ability to provide a complete description, visualization, assessment and amendment of a business (Osterwalder, Pigneur, and Smith 2010). This model consists nine components in total including customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships and cost structure in a conceptual priority order (Osterwalder 2012) which are belong to four main areas comprising of offerings, customers, infrastructure and financials (Rytkonen & Nenonen 2...

... middle of paper ...

... to maximize their revenues and profits. Not only these three components of Business Model Canvas but also six other components including customer relationships, revenue streams, key resources, key activities, key partnerships and cost structure partly contribute to the framework of feasibility study of business’s idea.
In conclusion, it can be argued that the Business Model Canvas should be taken in consideration to assist the progress of achieving viability of business’s idea. Each component of this model has shown the intimate relationship to the future benefits of the company which helps notifying decisions making, understanding the whole picture, controlling resources. In the case of Dell, three main characteristic have been analyzed and it is believed that they will definitely create an outline for researchers to reach the feasibility of this company.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay Background And Heart For My Business Feasibility Study

- Introduction This chapter will cover the background and heart for my business feasibility study. You will note as you read this chapter is covers not just a vision but the foundation covering the history and background of my future business and why I think this is worth looking into. Setting, History, and Background of the Problem There is a growing demand for outside assistance within the corporate world today. More and more companies are looking for consulting services to handle a multitude of issues....   [tags: Management, Business, Small business, Credit card]

Better Essays
860 words (2.5 pages)

Feasibility Study Of The Bangus Business Essay example

- Bangus raising will generally take approximately four (4) months in order to be viable in the market for sale. Aside from the four-month raising period, the fishpond must be grown with algae that will serve as natural food for the bangus being raised. In connection with this, several types of fertilizers are needed to assists the growth of these algae. The table below will show the fertilizers that will be used along with its required volume and estimated prices provided by the Bureau of Fisheries and Aquatic Resources – Cagayan de Oro City Chapter....   [tags: Business Project Analysis Plan]

Free Essays
701 words (2 pages)

Feasibility Study of Starting a New Business Essay

- Feasibility Study of Starting a New Business Introduction This investigation will carry out a study to see if it would be feasible to open a new nightclub, 'Sinners' in Maidenhead town centre. Maidenhead is a small town in the southeast of England, located in the county Berkshire. The nearest major city is London, which is located twenty-five miles east of the town. The reason I have chose to investigate this type of business venture is because I take an interest in this type of business as I would like to look into it in the future, and also feel Maidenhead possesses the qualities, and provides a great opportunity to start up a business of this nature and for it to be successful....   [tags: GCSE Business Marketing Coursework]

Free Essays
10679 words (30.5 pages)

International Expansion: A Feasibility Study Essay

- INTERNATIONAL EXPANSION: A FEASIBILITY STUDY INTRODUCTION The marketing team of International Consultants Inc. (ICI) began an analysis of the feasibility of expanding the sales of American Training Incorporated (ATI) products into international markets. Mexico and Canada appeared to be the logical initial markets; however, the study showed that other Latin American country should also be considered further The marketing team determined strategies and media for advertising the products in each of the prospective countries, as well as locations of sales....   [tags: Business Analysis]

Better Essays
908 words (2.6 pages)

Essay on Feasibility Study

- Feasibility Study: A feasibility study looks at the viability of an idea with an emphasis on identifying potential problems and attempts to answer one main question: Will the idea work and should you proceed with it. Feasibility studies provide in-depth details about the clinic to determine if and how it can succeed, and serve as a valuable tool for developing a winning plan. By utilizing the information collected in your community analysis, you will be able to ascertain if your clinic would be a viable option....   [tags: Business Management]

Better Essays
686 words (2 pages)

Kaizen: a Philosophy that Focuses upon Continuous Improvement of Processes in Manufacturing, Engineering, and Business Management

- In the real world, every company faces several problems. The perfect situation in business never exists. Being aware of that is always beneficial. However, nowadays many companies have undefined problems which unsolved can cause loss of money or reputation. Without seeing the problem, it is impossible to define it and find its roots. According to Kaizen26, problem is a positive aspect of prospering, as it forces the change and improvement. Generally, Kaizen is a philosophy that focuses upon continuous improvement of processes in manufacturing, engineering, and business management....   [tags: problem, causes, feasibility study]

Better Essays
656 words (1.9 pages)

Essay about Feasibility Study Of A Project

- Generally, a feasibility study is conducted to decide if any idea or change to something is acceptable by researching, this is what the title indicates. The aim of the feasibility study is to guarantee whether a new project e.g. for an upgraded system, will be technically viable along with economically admissible so that all aspects can be thoroughly examined for success. Additionally, the importance of a feasibility study is quite high, as a new project can go wrong if not intentionally planned beforehand to minimise the variables downfall as close to zero as possible....   [tags: Environment, Economics]

Better Essays
764 words (2.2 pages)

Feasibility The Feasibility Of Fashion Incubator Essay

- 1. Introduction Fashion, as any other creative sphere, is highly competitive. In many cases, creative geniuses can offer unique and innovative ideas or products that can positively contribute not just to the industry but also to the country’s economy. However, in many cases fashion designers encounter issues primarily related to business practices, as naturally it may not be their key expertise. Providing help and advices in business and marketing field can shift their ideas from purely creative to organically profitable....   [tags: Capitalism, Market economy, Free market, Market]

Better Essays
905 words (2.6 pages)

Essay on A Business Plan When You Started Your Business

- Sattar Buksh Sattar Buksh (Sat-tar Bux-sch) is a Pakistani restaurant/café and merchandize seller based on indigenous Pakistani art and “the common, wise man on the street who has a strong entitled opinion on every subject” named Sattar Buksh. 1. Did you have a business plan when you started your business. Initially we only joked about starting such a business, but then we realized that our idea was actually viable and so we started planning out our business starting from the personality sketch of our fictional brand ambassador “Sattar Buksh”....   [tags: Management, Entrepreneurship, Business plan]

Better Essays
1783 words (5.1 pages)

Feaibility Study Essay

- The rapid developments in the area of farm management information systems include the increasing interest and requirements for better information on farms coupled with the necessity for improved record keeping. The requirement for improved information increases further in a more open and competitive world of agriculture and farming. Changes continue to take place in an array of regulations governing the way food is produced and in future in the environment within which it will be produced. As information technology continues to develop at an ever increasing rate, access to IT technology by farmers becomes easier and for some products and services, a little cheaper....   [tags: Business Farm management]

Free Essays
1257 words (3.6 pages)