...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,...
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...business field, the stakeholders can be many different people. Talks of tech have a great definition of stakeholders stating that: "Any person who has interests in an existing or proposed information system. Stakeholders may include both technical and non-technical workers. They also may be the internal ones or may be the external one.”( The Players of an Information System, 2013) In our project with Riordan, the stakeholders are can be the HR department managers, the owner of the company, Or even the top investors of the company its self. Anyone interested in the production and the improvement of the new integrated application system. The Project Scope The Project definition is identifying the problem. The project scope and the feasibility study are both part of the analysis stage of the system development life-cycle. As the saying goes "the problem well stated is half solved". Tim Bryce wisely said: "It is also necessary to define the parts of the business affected either directly or indirectly, including project participants and end-user areas affected by the project." (Bryce,2015) In the case of the manufacturing company Riordan, the project scope can be the request for service that contains the main problem with the department. The need for a new redesign for the HR department is the project scope....
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...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...
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...Feasibility Analysis in Project Management- An Empirical Study By Dr. Cynthia Menezes, Associate Professor and Research Guide And Raghunandan G, Research Scholar, Canara Bank School of Management Studies, Bangalore University Abstract: The system analyst gives a project meaning and direction. It is necessary to know what the problem is before it can be solved. This leads to a preliminary survey or an initial investigation to determine whether an alternative system can solve the problem. Depending on the results of the initial investigation, the survey is expanded to a more detailed feasibility study. A feasibility study is a test of a system proposal according to its workability, impact on the organization, ability to meet user needs, and effective use of resources. It focuses on three major questions such as what are the user’s demonstrable needs and how does a candidate system meet them, what resources are available for given candidate systems, whether the problem is worth solving, what could be the likely impact of the candidate system on the organization and how well it is within the organization’s master MIS plan. Each of these questions must be answered carefully because they revolve around investigation and evaluation of the problem, identification and description of candidate systems, specification or performance and the cost of each system and final selection of the best system. The objective of feasibility study is to acquire...
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...Hoosier Burger Case Analysis Sarah Doppelmayr Ashford University Business Systems Analysis INF340 Mark Revels March 10, 2014 Hoosier Burger Case Analysis Having a dream since the 1970’s of owning their own restaurant, Hoosier Burger owners realized that dream when they noticed a for sale sign in the window of Myrtle’s Family restaurant while driving one day. After purchasing the business, the owners, Bob and Thelma Mellenkamp identified the need for an information system (IS) project in order to support their needs for a system that supported inventory control, customer services, marketing, and food preparation. The system has a strategic focus on improving day-to-day operations for the company, assisting Bob and Thelma in their duties as company executives. (Valacich, George, & Hoffer, 2009, p. 28) The systems development life cycle (SDLC) became an important part to the development of an effective system for Hoosier Burger. The goal of this system was to modernize the information system, by implementing four key steps of SDLC, (1) planning and selection, (2) analysis, (3) design and (4) implementation and selection. This improved system would replace the current system of paper records for the inventory control, customer orders, and management reporting systems. In addition, Bob and Thelma considered a point of sale (POS) system, which would allow them to generate reports that are more detailed and track inventory more accurately. As a family...
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...Finding Out About Existing Systems……………...……Pg.04 Positives and negatives…………………………………Pg.05-6 Conclusion………………………………..……………….Pg.07 References…………………………………………………Pg.08 Introduction: All things have a beginning, middle and an end, and information technology (IT) is no different. In the early of computing, most existing work-based system were manual. Indeed it could be argued that IT sees more rapid change than many other technologies. Think how many ‘upgrades’ have happened with your favorite software. For instance the first stage in looking at an existing system and seeing whether a new computer software system is needed for upgrade this is called feasibility study. Once this has been completed and the decision to proceed with or to abandon the examination of the system has been made, the feasibility study is finished. This could be a system to keep track of all the students' names, addresses, telephone numbers and grades, or it could be a new system for an online bank to let customers open a new account. No matter what the system might be, if the organization doesn't conduct a systems analysis (often known as the system life cycle); they are likely to find that their new system disappoints them and doesn't solve the original problem. 1 Stages of systems life cycle The SLC consists of the following stages: 1. Investigation and analysis 2. Design 3. Development and testing 4. Implementation 5. Documentation 6. Evaluation The system...
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...stages involved in information system development project from a preliminary study through maintenance of the complete application. SDLC follows six steps-: 1 Preliminary study 2 Determination of system requirement 3 System design 4 Software development 5 System testing 6 Implementation & Maintenance 1 Preliminary study -: Preliminary investigation is the first step in the system development life cycle. The preliminary investigation is a way of handling the user’s request to change, improve or enhance an existing system. The objective is to determine, whether the request is valid and feasible before any recommendation is made to do nothing, improve or modify the existing system, or build altogether a new one. Preliminary study divided into following 3 categories – A. Request Analysis B. Feasibility study C. Request Approval Request Analysis:- In this category, the users need is clearlyIdentify. Analyst identifies that what are the requirements of the user. Feasibility study:- The aim of the feasibility study is to access alternative systems and to propose the most feasible and desirable system for development. Thus, feasibility study provides an overview of the problem and acts as an important checkpoint that should be completed before committing more resources. After identifying the users need, following feasibility studies are done by the analyst- 1).Economic Feasibility: In this study, costs and returns are evaluated to know whether returns justify the investment...
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...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....
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... * Terri Carranza - Compensation & Benefits Manager * Anne Pham - Compensation Analyst * Silvija Peterson - Payroll Manager * Ana Richlich - Payroll/Tax Clerk * Eric Myers - Recruiter-Professional Staff * Marl Carillo - Training & Development Specialist * Chad Sterken - Safety Manager * Safety Technicians from each Plant Site (Riordan 2, 2013). This list should include the people directly affected by the proposed system changes. No matter what method of information gathering is used during the analysis phase, all cautions need to be taken to ensure that all areas concerned have equal input into the uses of the current system and the necessary requirements for the new system. Project Scope and Feasibility The Human Resources Department uses software originally designed for the Finance & Accounting (F & A)...
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...Feasibility Brief 1: Rowner Community Trust Events Management Ltd. * Rowner Community Trust summary profile - (re-phrased from the internet) Rowner community trust is a new charity organization that operates under the umbrella of Rowner World Company. They aim to support the growth of the area Rowner in Hampshire by focusing on its economic, social and environmental angles and contribute to its community development. Rowner Community Trust is a new initiative. Therefore, as any other organizations it is looking forward to grow its social business by developing new social ventures to support Rowner community and sustain its social business. * Rowner Community Trust next project Group 1 will focus on Rowner Community Trust next project. The Community Trust next project is to create an Events Management Social Enterprise. This new project will generate revenues by providing events management services such as catering, conferences and other events management services to the following target segments: * SME's * Large Corporates * Public sector * Non-profit organizations * Consumer markets in following geographic locations: * London * Regional organizations involving the following stakeholders * Rowner Community Trust * Rowner Community Trust community center * Rowner Community Events Group The revenues coming from the events management social enterprise services will help in sustaining Rowner Community Trust and will...
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...A Feasibility Study Ashford University Innovation and Entrepreneurship OMM 614 Abstract The main objective of this study is to explore the feasibility of setting up a women’s boutique in my local area. Therefore, this will be my primary objective. This study will also allow me to determine if this business idea is with worth pursuing while considering basic market research. Basically, I am going to open a female designer wear boutique in as I have realized after market analysis that a strong demand exists in this southwest region of Oklahoma because many are now becoming aware of the current trends and want to be dressed accordingly. Although some variety of designer wear is available in Lawton, I have also realized that females especially teen agers and working women in this area are not fully satisfied with the available attire. For this reason, all female customers’ need quality clothing, reasonable prices, but according to the fashion trends of the time. Introduction Clothing is a beautiful visual demonstration of the social and emotional needs of people wearing it. It also portrays in a clearly understood visual manner what people of different cultures and styles want socially. Through the years fashion has gone through so many rapid changes and very strange extremes that it has examples of nearly every kind of clothing function. The range of Pakinstani dresses is remarkably wide according to the vast cultures, geographical differences, purchasing capacities...
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...Characteristics of Different Social Science Research Methods ( by Oscar Mercado) |Criteria |Historical Study |Case Study |Survey |Experiment |Content Analysis |Feasibility Study | |When to use |When objective is to determine |When objective is to observe a |When objective is to see a |When objective is to determine |When objective is to find out |When objective is to find out | | |the growth and development of a |process in depth |general picture of people’s |the cause and effect |the type or quality of messages |the economic viability of | | |group, organization or | |awareness, knowledge, attitude |relationship of certain social |found in the mass media or |establishing a certain | | |institution | |and/or behavior towards a |phenomena under controlled |documents |infrastructure or institution | | | | |certain phenomenon |condition | | | |Source of data...
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...Chapter 1 INTRODUCTION Discusses in this chapter is the background of the study, rationale of the study, objectives of the study, scope and delimitation, significance of the study, the research methodology, and the definition of terms. This chapter explains thoroughly the contents mentioned above. 1.1 Background of the Study Nowadays, fast foods are much noticeable to the public especially when they are offering unlimited packages. One of this is the barbecue. Barbecue is a method and apparatus for char grilling food in the hot smoke of a wood fire, usually charcoal fueled. To barbecue means to slow-cook meat at a low temperature for a long time over wood or charcoal. In America, barbecue (or BBQ) originated in the late 1800's during Western cattle drives. (Mary Bellis, 2013) Internationally, Franklin Barbecue in Austin Texas trapped the number one spot in the top 5 barbecue houses surveyed last year 2012 in America. Franklin tends to an all-oak stove through the night (using no electricity), which is the foundation of Texas BBQ. Oak smoke, salt, pepper, and a little bit of elbow grease makes Franklin Barbecue the best BBQ in Texas. (Maxim, Quinn Mayers/ May 08,2013). In the Philippines, one of the prominent barbecue houses in the Philippines is the Bar-B-King located at 2nd Floor, Unioil Center, Acacia cor. Commerce Ave., Ayala Alabang, Muntinlupa. Bar-B-King Charcoal-Grilled Barbecues is a Quick Service Restaurant concept focusing on charcoal-grilled barbecues...
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...ADMINISITRATION FM 138 FEASIBILITY STUDY DEFENSE REVISION MATRIX RESEARCH TITLE: “A Feasibility Study of Establishing a Free Range Poultry Farm in the City of Koronadal” DEFENSE DATE: February 6, 2016 RESEARCH INSTRUCTOR: Ms. Rean May Galang PARTS OF THE PAPER | SUMMARY OF FINDINGS | ACTIONS TAKEN | PREFERENCE PAGE NUMBER | PANELIST/S | STATUS/REMARKS | | | | OLD | REVISED | | | Research title | * The research title is lacking. | * Put the specific establishment of the business. | | | Sir Kenneth Albert Anino | | Table of Contents | * Sum up the necessary subjects of the table of contents. | * Remove the sampling procedure from the Table of contents. | ii | ii | Sir Kenneth Albert Anino | | | | | | | | | PARTS OF THE PAPER | SUMMARY OF FINDINGS | ACTIONS TAKEN | PREFERENCE PAGE NUMBER | PANELIST/S | STATUS/REMARKS | | | | OLD | REVISED | | | List of FiguresList of Table List of Appendices | * Proper alignment of the content. | * Revised the proper alignment. | ivvvi | ivvvi | Ma’am Estherbelle Vinson | | Chapter I | | | | | | | Introduction | * Present facts/figures about the demand for chicken meat. | * Specified chicken industry performance and consumption is presented. | 1 | 1 | Ma’am Rean May GalangMa’am Josefa Carbon | | Background of the Study | * Cite the references. | * Indicate the references. | 1 | 1 | Sir Kenneth Albert AninoMa’am Estherbelle Vinson | | Objectives of the Study | * Present...
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...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...
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