Report on New Business Concept: Components - Feasibility

MSIN0018 Business Research Methods

Question:

In your role as a start-up entrepreneur, you are required to submit a report to outline your new business concept. In particular, you are expected to do the following:

Explain your new business concept including the key components of the concept statement (product or service, target market, special attributes, values, scale of the newly proposed business, location and who will be involved)

Conduct an appropriate assessment of the Industry, Market, Organisational and Financial feasibility.

Explain the key components of the value chain and business model canvas in relation to your proposed business.

Drawing on appropriate quantitative and qualitative models and concepts , identify and explain how potential risks could be managed.

Task:

In your role as a start-up entrepreneur, you are required to submit a report to outline your new business concept. In particular, you are expected to do the following:

Explain your new business concept including the key components of the concept statement (product or service, target market, special attributes, values, scale of the newly proposed business, location and who will be involved)