Q:
What is a management aspect feasibility study?
A:
Quick Answer
A feasibility study is used to determine the likelihood of a venture succeeding. In the management aspect of the study, those conducting it identify the management team of the venture and judge whether or not they have the skills to run the business effectively.
Continue ReadingFull Answer
In addition to assessing management, feasibility studies compile data and analyses on a variety of other business components including product development, competitors, marketing strategies, cost structure and potential pitfalls. The more thorough the study, the better entrepreneurs and investors can accurately asses the potential profitability of the business and what components of the business plan need revisions.
Learn more about HRSources:
Related Questions
-
Q:
What is a feasibility study for information system projects?
A: A feasibility study for an information system project is an in-depth look at the project in order to determine whether or not an organization should procee... Full Answer >Filed Under: -
Q:
What is the technical study of feasibility?
A: A technical study of feasibility is an assessment of the logistical aspects of a business operation. It includes segments on necessary materials, labor and... Full Answer >Filed Under: -
Q:
What is the purpose of performance management?
A: Performance management involves evaluating how a business is working toward its goal. This helps to ensure that a business meets all of its objectives, acc... Full Answer >Filed Under: -
Q:
What is people management?
A: People management refers to a manager's role in training, developing and motivating employees to perform their best. This role is distinct from other manag... Full Answer >Filed Under:
