Conduct a Feasibility Analysis of your Innovative Product/Service start-up business project, and report its result by following the First Screen template ( attached) which comprises five sections. Go through the Chapter “Feasibility Analysis”, and its corresponding slides to help you do this exercise. Your report should include the following components:
One-Page-Concept-Statement of your start-up business, presented as per the structure explained in class, and attached to this assignment.
5-10 Industry Experts – Names, titles/designation, and years of experience of the 5-10 Industry Experts whom you met to run “Product Desirability” part, with respective feedback (positive & negative) and suggestions. Industry experts have to have at least 15 years of managerial experience in the industry related to your start-up business.
10 Potential Clients – Names and titles/designations of 10 Potential Clients (matching your definition of the target market) whom you met in order to run the Product Demand test, with respective feedback (positive & negative) and suggestions,
First Screen’s Feasibility Analysis Report (Template attached). The feasibility analysis report comprises five parts, each of which has five questions, the weight of each of which ranges from -1 to +1. This means that the score of each one of the five parts would range from -5 to +5. The last part would give the total score that ranges from -25 to +25, along with suggestions for improvement. Please make sure to include (a) Explanation/Justification of Results corresponding to each of the five sections, and (b) Suggestions for improvement in the designated space of the appropriate column of the last part.
Copy of your PowerPoint Presentation: Please be ready to present the above during class time of the due date along 5-10 minutes.
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