...ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 MARKET ANALYSIS AND THE FEASIBILITY OF ESTABLISHING SMALL BUSINESSES Azzam Azmi Abou-Moghli, PhD Applied Science University Ghaith Mustafa Al-Abdallah, PhD Applied Science University Abstract This study aims to explore the nature of relation and effect between market analysis and feasibility of establishing small businesses operating in the services sector in Jordan. Four independent variables were identified to market analysis: location, demand, price and competitors. The study population consisted of (163) cases and the researchers used a close ended 42-item questionnaire, with a (83.43%) reliability coefficient, as per the Chronbach Alfa equation for collecting the primary data of the study. Furthermore, two types of analysis were employed: simple regression analysis and stepwise multiple analysis. The study made a number of conclusions, most important of which is: there is a statistically significant relationship between the location, demand, price and competitors and the feasibility of establishing small businesses. Keywords: Market Analysis, Feasibility Studies, Service Sector, Small Businesses, Jordan 1.0 Introduction Market analysis of businesses is deemed as scientific tool to obtain relevant information about the realities of the proposed market. This will benefit the investor in showing the business feasibility to be studied and its preference over alternative investment opportunities,...
Words: 6751 - Pages: 28
...Business Strategies: Feasibility of HR Department in a Public Sector University Shomayl Chowdhury (BS29 2330) Research Methodology (GMAG 301) Final Project Part 2 Dr. Syed Arshad Imam Table of Content Title Page …………………………………………………………………………………1 Question 1…………………………………………………………………………………2 Question 2…………………………………………………………………………………3 Question 3…………………………………………………………………………………7 Question 4………………………………………………………………………………..12 Question 5………………………………………………………………………………..14 Feasibility of HR Department in a Public Sector University Shomayl Chowdhury (BS29 2330) Greenwich University Q1. What research methods have been used by the author in the research paper? Ans1. The current paper discusses and lays lime light on the current situation and the possibility of establishing HR department in a Public Sector University as no HR department is to be found in Public Sector Universities. The paper focus on the marketing, financial and operational aspects of the university and furthermore it also focuses on the importance of an HR department, the level of support and assistance that is provided by the HR department to the entire university and above all to the organizational environment at hand and lastly the cost of establishment and implementation of a HR department. Descriptive study has been undertaken to address this paper due to the absence of HR department in the university. Through this study feasibility of an HR department is inquired. The methods used for data...
Words: 3905 - Pages: 16
...Project Professor: Raouf Ghattas January 20, 2013 Issue 1: CanGo is in need of a formal business plan. A formal business plan includes a mission and vision statement to help define the business and where the company would like to go in the future. As the owner/operator of CanGo, Elizabeth never developed a formal business plan for the business from the beginning and therefore had no documented blueprint for the business to speak of. Perfect starting issue! Recommendation: A business plan is a written document that demonstrates persuasively that enough products or services can be sold at a profit for your firm to become a viable business. The three primary reasons for writing business plans are (1) to aid you in determining the feasibility of your business idea, (2) to attract capital for starting up, and (3) to provide direction for your business after it is in operation. CanGo needs a written that will help find omissions and flaws in their ideas by allowing other people to critically review and analyze the plan. A business plan tells you what your business objectives are; when, where, why, and how your business will accomplish its objectives; and who will be involved in running the business. This planning process will help define CanGo’s short term goals and help determine the actions that need to be taken to accomplish them and then gather and commit the necessary resources (Hatten, 2008). The mission statement needs to be in place so that CanGo is able to describe the...
Words: 1795 - Pages: 8
...specialization. The goal of this research project is to determine whether or not outsourcing to an overseas corporation would be the best move for the company. The research team has developed a strategy that ensures that the management dilemma will be resolved, and answers in the most economical way, and with valid, reliable, stable, and practical information. Research Problem and Purpose The most prolific management dilemma that modern businesses encounter is identifying innovative ways to reduce costs. A way businesses can reduce costs is through changing the organizational structure. It is the function of management to organize the resources, locations, and authority within the organization to ensure optimal use of resources, manpower, money, capital, and equipment. The purpose of the research study is to determine whether outsourcing to an overseas corporation will provide enough cost savings to maintain their competitive advantage. Clarifying the Research Question Research questions are open-ended questions, with the objective of discovering future tasks, identifying variables, ethical considerations, and defining the hypothesis (Cooper & Schindler, 2011). This step is essential to ensuring that the research team solves the right management dilemma. U.S. based companies outsource with the goal of lowering the cost of production but prior to the research team would develop a lot of research questions....
Words: 2320 - Pages: 10
...Information Systems Analysis and Design CSC340 VII. The Feasibility Study What is a Feasibility Study? Feasibility Study? Types of Feasibility Cost/Benefit Analysis Risk Analysis Comparing Alternatives Information Acquisition Acquisition Feasibility Study Contents Contents Do it! 2004 Jaelson Castro and John Mylopoulos The Feasibility Study -- 1 Information Systems Analysis and Design CSC340 The Feasibility Study The objective of a feasibility study is to find out if an information system project can be done, and if so, how. A feasibility study should tell management: Whether the project can be done; What are alternative solutions? What are the criteria for choosing among them? Is there a preferred alternative? After a feasibility study, management makes a go/no-go decision. • A feasibility study is a • management-oriented activity 2004 Jaelson Castro and John Mylopoulos The Feasibility Study -- 2 Page ‹#› Information Systems Analysis and Design CSC340 Dimensions of Feasibility Operational -- how will the solution work? Technical -- is the technology needed available? Economic -- return on investment Schedule -- can the system be delivered on time? Constraints may be hard or soft 2004 Jaelson Castro and John Mylopoulos The Feasibility Study -- 3 Information Systems Analysis and Design CSC340 Economic Feasibility The bottom line for many projects! Economic feasibility amounts to judging whether possible benefits of the project are worthwhile. As soon as...
Words: 2891 - Pages: 12
...study framework is not clearly identified; however, a tentative theory is proposed since a tentative theory “has had minimal exposure to critique by the discipline, and has had little testing” (Burns & Grove, 2009). b. The discussion of the conceptual framework is limited to the model of impaired sleep. The linking of the concept of impaired sleep to independent variables of the Fatigue countermeasures program for nurses (FCMPN). The major study concepts include: sleep deprivation (inadequate sleep), sleep disruption (fragmented sleep), lifestyle situation, and health related issues. Variables Identification and Definition Independent Variables: Feasibility of an FCMPN intervention for patient and nurse safety Conceptual Definition: “The model of impaired sleep (Lee et al., 2004) guided the intervention for evaluating the feasibility of an FCMPN for improving sleep duration and quality while reducing daytime sleepiness and patient care errors… Performance accomplishment was achieved by ‘educating’ the staff about fatigue, sleep, and circadian rhythms; neurobehavioral and health effects associated with sleep loss or deprivation; and misconceptions about sleepiness” (Scott, et al. 2010, p. 250, 253). Operational Definition: “A one-group pretest-posttest repeated measures approach was used. Participants provided data 2 week before the FCMPN, 4 weeks after receiving the intervention, and again at 3 months after intervention (Scott, et al. 2010, p. 250). Dependent Variables: Fatigue...
Words: 2063 - Pages: 9
...suitable for work, picking up children from school or daycare, and with a few accessories she is ready for an evening out. The product offering will compete with Dress Barn and Cato and be similar to that of Target’s new marketing thrust. The research question will emanate from analysis that applies the Management Research Question Hierarchy and further tested for alignment with the management dilemma. The research design will establish the feasibility of proposed solutions to the management problem through a stratified random sample of Wal-Mart customers. Background Information Wal-Mart was founded in 1962 with the opening of the first Wal-Mart discount store in Rogers, Arkansas (Wal-Mart Corporate, 2012). The organization has grown and is established in 27 countries in which it operates under 69 banners employing over 2.2 million employees. The company incorporated as Wal-Mart Stores, Inc., on October 31, 1969 (Wal-Mart Corporate, 2012).Wal-Mart’s purpose and mission is to save people money, maintain integrity and respect, and, making a difference in the well-being of people. Management Research Question According to Cooper and Schindler (2011), the Management Research Question Hierarchy requires several...
Words: 1271 - Pages: 6
...1. What are four types of feasibility? Which type focuses on total cost of ownership? Which type is influenced primarily by users? Answer: * Operational feasibility: Operational feasibility means that the proposed system will be used effectively after it has been developed. If the users have difficulty with a new system, it will not produce the expected benefits. * Technical feasibility: Technical feasibility refers to the technical resources neede to develop, purchase, install, or operate the system. * Economic feasibility: Economic feasibility means that the projected benefits of the proposed system outweigh the estimated costs usually considered the total cost of ownership as well as the acquisition costs. * Schedule feasibility: Schedule feasibility means that a project can be implemented in an acceptable time frame. When accessing the schedule feasibility the analyst must consider the interaction between the stakeholders, time and costs. Economic feasibility is the measure of the costeffectiveness of an information system solution. Also it includes the cost estimate for the project development team will be built into a project management plan. Thus the economic feasibility focuses on total cost of ownership. Schedule feasibility is primarily influenced by users. 2. Describe the six steps in a typical preliminary investigation. Why should an analyst be careful when using the word problem? Answer: The six steps in a typical preliminary investigation...
Words: 1291 - Pages: 6
...occurs. Using the methods learned throughout this course our team has selected the instruments we found to be the most useful in collecting data to develop appropriate research questions, hypothesis, research design, and result reporting. This paper will discuss and describe the following elements: 0. Research problem and purpose 0. Significance, scope, magnitude, and feasibility of finding a solution to the issue, opportunity, or problem 0. Research question, hypothesis, and variables 0. Research design 0. Instrument you developed or selected 0. Sampling method 0. Overall data analysis approach 0. Result reporting 0. Ethical considerations Preparing to Conduct Business Research: Part 3 Employees enter and leave companies all the time. For some industries, the rate at which this occurs is higher. One particular industry is the food service industry. Within the food service industry, the employee turnover rate is considerately higher when compared to the arts and entertainment industry which carried a voluntary turnover rate of 28.7% as of August 2006 (Retention Management and Metrics, 2000-2011). In fact, it was reported that a high voluntary employee turnover rate lies in the food service industry at a staggering 47% turnover rate (Linda, 2011). To tackle this problem restaurant owners and managers must address this because high employee turnover rates contribute...
Words: 1682 - Pages: 7
...UNIVERSITY OF NAIROBI SCHOOL OF COMPUTING AND INFORMATICS ONLINE VEGETABLES MARKET PRICE AND TRENDS SYSTEM SECOND YEAR FINAL PROJECT COURSE CODE: 227 NAME: MUIGUA STEPHEN GITAU ADM NO: P15/54335/2012 SUPERVISOR: ERIC AYIENGA DECLARATION I, Muigua Stephen Gitau, do declare that this project is my own work, and as per my knowledge, it has not been submitted to any other institution of higher learning. Student’s Name: MUIGUA STEPHEN GITAU Registration No: P15/54335/2012 Signature: _________________________________________________________ Date: _________________________________________________________ This project has been submitted as a partial fulfillment of requirements for the Diploma in Computer Science of the University of Nairobi with my approval as the University Supervisor. Supervisor’s Name: Mr. ERIC AYIENGA Signature: ___________________________________________________________ Date: _______________________________________________________________ ACKNWOLEDGEMENT I thank almighty God; I thank Nairobi University of Kenya in Conjunction with the School of Computing and Informatics for facilities and resources they availed during execution of this project. I take this opportunity to express my sincere appreciation to my supervisor Mr. Ayienga and the entire Faculty of Computer Science for the exemplary guidance, monitoring and constant encouragement throughout the course. Lastly, I thank my parents, for their constant...
Words: 4782 - Pages: 20
...operating division, the entire company, or the mission statement itself. Strengths – Affordable, comprehensiveness, quality, and growth of online education Weaknesses - lack of financial support for faculty Scholarship Opportunities - international and off-campus study and exchange programs Threats - risk of losing prominent faculty and staff for genuinely better opportunities at other schools. 3. What is an effective way to assess user requests for additional features and functions? Answer: As users rely more heavily on information systems to perform their jobs, they are likely to request even more IT services and support. 4. What are four types of feasibility? Which type focuses on total cost of ownership? Which type is influenced primarily by users? Answer: Operational feasibility: Operational feasibility means that the proposed system will be used effectively after...
Words: 2037 - Pages: 9
...CIS 210 STRAYER CIS 210 WEEK 5 MIDTERM EXAM – LATEST MAY 16, 2015 LEAVE A COMMENT CIS/210 Week 5 Midterm Exam – Strayer NEW Click On The Link Below To Purchase A+ Graded Material Instant Download http://www.hwgala.com/CIS-210-Midterm-Exam-Week-5-Strayer-NEW-CIS210W5E.htm Chapters 1 Through 6 Chapter 1 – Introduction to Systems Analysis and Design MULTIPLE CHOICE 1. ____ refers to the combination of hardware, software, and services that people use to manage, communicate, and share information. a. Information systems b. Information technology c. Computer systems d. Computer technology PTS: 1 REF: 4 2. ____ software controls the flow of data, provides data security, and manages network operations. a. Enterprise c. Application b. System d. Legacy PTS: 1 REF: 7 3. Examples of company-wide applications, called ____, include order processing systems, payroll systems, and company communications networks. a. enterprise applications c. operating applications b. network operating systems (NOS) d. legacy systems PTS: 1 REF: 8 4. Over 40 years ago, a concept called Moore’s Law accurately predicted that computer processing power would double about every ____. a. 2 months c. 24 months b. 12 months d. 48 months PTS: 1 REF: 8 5. When planning an information system, a company must consider how a new system will interface with older systems, which are called ____. a. enterprise applications c. operating applications b. network operating systems (NOS) d. legacy systems PTS: 1 REF: 7 6. For complex...
Words: 21215 - Pages: 85
...done in the phases that are taking place. In phase one of the SDLC this would be the planning strategic approach there are managers and stakeholders if any that “will evaluate the effectiveness of the systems in terms of meeting the entity’s mission as well as the objectives” (Singleton, 2007) of the organization. There are general guidelines as well as system budgeting that will have to be done as well as management and stakeholders will develop a long term plan for the system that will be in strategic nature. In the phase one there will several documents that will be generated which will include a “long-term plan, policies for the selection of IT projects, long-term and short-term budgeting plans, as well as feasibility of studies and project authorizations” (Singleton, 2007). This then will project proposals that then should be submitted to management and stakeholders about the project schedule as well the approved projects. Phase two of the SDLC is the system analysis phase which the “IT professionals will gather the required information as well as facts and samples” (Singleton, 2007) that will be used in the IT project which is primarily that of the end users. Then a system analysis will then process the requirements that will produce documents that will summarize the analysis of the project. With this step being done there will be some type of documentation such as a report analysis that will illustrate the entity’s ability to be able to go through the developments stage...
Words: 1158 - Pages: 5
...PROJECT MANAGEMENT REPORT ON MINTO MINE BY- DISHA GARDI (205) MBATECH-CHEMICAL INTRODUCTION The Minto Mine is located 240km north of Whitehorse, Canada. It is a high grade copper-gold mine that started its commercial production on October 1, 2007. It is owned 100% by Minto Explorations Ltd., a wholly owned subsidiary of Capstone Mining Corp. Capstone Mining Corp acquired Minto Explorations and all other project interests, including a partially constructed but dormant construction site, in June 2005. Within two years from acquisition, Capstone re-drilled the mineral resources to mineral reserve standards, completed a bankable feasibility study, arranged project financing, built a new mine and reached commercial production. In the two years following that the mine has undergone a tremendous change ; it has been expanded twice , there is an increase in throughput by more than 100 % and also discovered five new deposits. The Mine is basically an open pit mining operation with conventional crushing, grinding, and flotation to produce copper concentrates with significant gold and silver credits. In December 2007, pre-feasibility study for the expansion of the copper-gold mine was done. The study benefited because it laid out a path for significant increase in copper production and also increased mineral reserves, enhancing project economics. The basic steps done in mining while handling the project are: Mineral Exploration The first role of engineering in mines...
Words: 1108 - Pages: 5
...Critical Appraisal #1 of Scott, Hofmeister, Rogness, and Rogers Article The University of Texas at Arlington College of Nursing Shirley McKenzie-Pace In partial fulfillment of the requirements for N5301 Research in Nursing Susan K. Grove, PhD, RN, ANP-BC, GNP-BC July 12, 2014 Critical Appraisal #1 Theoretical Framework The study framework is not clearly identified; however, a tentative theory is proposed since a tentative theory “has had minimal exposure to critique by the discipline, and has had little testing, (Burns and Grove, 2009). The conceptual framework is limited to the model impaired sleep. The linking of the concept impaired sleep to independent variables of the fatigue countermeasures program for nurses (FCMPN). The FCMPN in this study was “modeled after the National Aeronautics and Space Administration Ames Research Center’s Fatigue Countermeasures Program and the Sleep, Alertness, and Fatigue Education in Residency Program” (Scott et al., 2010, p. 253). The major study concepts include: “sleep deprivation (inadequate sleep), sleep disruption (fragmented sleep), lifestyle situation, and health related issues” (p. 251). There is no map or model of the impaired sleep model purposed by Lee et al., 2004 (as cited in Scott et al., 2010) in the article; however, there is a diagram of the conceptual framework for the FCMPN. Variable Identification and Definitions The research variables that Scott et al. (2010) observed and measured were the FCMPN, sleep...
Words: 2429 - Pages: 10
