...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
...Theoretical Framework a. 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 & 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...
Words: 2063 - Pages: 9
...their demand. With this study we tried to understand the growing need for such entrepreneurial opportunities. Entrepreneurship in set up of pre nurseries is in demand because of increase in level of educated parents and income levels, who also expect their children to learn and progress right from the beginning. Entrepreneurship not only involves starting a business but also to nurture it till it grows and start giving the fruits. Study on entrepreneurial opportunity in primary education sector also includes profitability of starting a pre-school and the growth opportunities it provides. OBJECTIVE: 1. To determine the feasibility and profitability of entrepreneurial opportunities in pre/primary education sector in Pune. 2. To study the factors surrounding the set-up of Pre-nursery and also to provide a template to an entrepreneur to start any business. SCOPE OF THE STUDY: 1. Study is limited to only PUNE city. 2. Study has been conducted in specific locations within the city. These locations are: a) Wanorie (Panda Kids) b) Magarpatta city (Euro kids, Zee Kids) c) Koregaon Park (Innovations) 3. Target respondents are limited to: a) Parents of the students studying in the schools as mentioned b) Teachers and staff of the respective schools c) Franchise owners of the respective schools Chapter 2 Review of Literature 1. Small and Medium Enterprise Development Authority (Government Of Pakistan: A study conducted by Small and Medium...
Words: 1280 - Pages: 6
...FABRICATE CHARCOAL SUBSTITUTES IN KENYA Feasibility Study forming part of the Shell Foundation-supported project on charcoal briquetting in Kenya March 2004 Chardust Ltd. P.O. Box 24371 Nairobi and Spectrum Technical Services P.O. Box 69993 Nairobi Executive Summary This study was designed by Chardust Ltd. and implemented jointly by Chardust and Spectrum Technical Services, a Nairobi-consulting firm. The aim was to determine the viability of producing briquetted charcoal fuel from biomass wastes in Kenya. The study was funded by the Shell Foundation and conducted over a two month period in late 2003. The viability of producing fuel commercially from biomass wastes was assessed from four perspectives: (a) Availability: Existence and accessibility of biomass in bulk, preferably with no competing uses. The study began with a list of 28 potential wastes, which was narrowed down to 20 and then to just ten, according to a ranking system based upon basic availability and accessibility. (b) Conversion Potential: Physical suitability for drying, carbonisation and briquetting. Samples of the ten short-listed wastes were sourced and delivered to Chardust in Nairobi, where production trials were carried out. Based on these trials, a ranking system was devised for comparing the wastes in terms of their suitability for fuel production. (c) Fuel Quality: Energy value and general performance of fabricated fuel. The third part of the study comprised fuel quality testing, during...
Words: 14061 - Pages: 57
...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 is the discovery of a mineral deposit and the determination of the profitability of a mine. The Minto mine plan focused on accessing and milling the high grade ore in Minto deposits....
Words: 1108 - Pages: 5
...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
...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...
Words: 306 - Pages: 2
...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
... 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 duration, sleep quality, daytime sleepiness, drowsiness episodes, drowsy driving and motor vehicle crashes, and potential or actual errors. Research variables are used when a study occurs in an uncontrolled or field setting, without application of treatment...
Words: 2429 - Pages: 10
...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
...Article review The article entitled From a KING to a PAUPER, dated March 2, 2014, extracted from the Sunday Gleaner, discusses likely negative outcomes for the Jamaica Sugar Industry in years to come. The writer predicts a dim future for the sugar industry which once ruled the roost. Summary Jamaica is currently a top-flight sugar producing nation, however according to Western Bureau: Chairman of the Caribbean Karl James, all that could change by 2020 if Jamaica does not seek to implement new and creative strategies to add value to their product. This is very important as there will be a reduction in the price of bulk sugar. It is being recommended that Jamaica invest in a refinery. Jamaica currently imports 70 to 80 tonnes of refined sugar annually. If this venture is capitalized on then Jamaica will definitely remain a top sugar nation due to reasons like the fact that there is no refinery in the Caribbean hence Jamaica could become a regional market that absorbs about 300 tonnes of refined sugar annually. It was also established that a move into the by-products of sugar cane is crucial. The three year deal between Jamaica and British firm Tate and Lyle which allows for Jamaica to export 50 to 60 tonnes of sugar each crop year to them is in its second year. The venture yield a good portion of income but this is likely to dwindle after the agreement expires because of market trends. The process to abolish sugar quotas is underway and is expected to be in full effect...
Words: 1078 - Pages: 5
...Application Development 3. Joint Application Design 4. Participatory Design 1. PROTOTYPING DEVELOPMENT: Software prototyping refers to the activity of creating prototypes of software applications, i.e., incomplete versions of the software program being developed. In this a prototype is made first and based on it final product is developed. A prototype is a model or a program which is not based on strict planning, but is an early approximation of the final product or software system. This type of System Development Method is employed when it is very difficult to obtain exact requirements from the customer. While making the model, user keeps giving feedbacks from time to time and based on it, a prototype is made. Completely built sample model is shown to user and based on his feedback; the SRS (System Requirements Specifications) document is prepared. After completion of this, a more accurate SRS is prepared. 2. RAPID APPLICATION DEVELOPMENT: Rapid application development (RAD) is a software development methodology that uses minimal planning in favour of rapid prototyping. It is broader in scope as compared to prototyping. The "planning" of software developed using RAD is interleaved with writing the software itself. The lack of extensive...
Words: 978 - Pages: 4
...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...
Words: 2635 - Pages: 11
...department should seriously consider updating the university’s hardware to keep up with SIM students changing usage. A statistical analysis of our findings is conducted. Based on anecdotal observations, we hypothesized that 30% of the school population use an Apple Macbook. We then carefully conducted an online survey of 51 SIM students, ensuring a stratified sampling which reflects the distribution of the university’s student population. After conducting an upper tailed one-sample z test, we obtained sufficient evidence to reject our null hypothesis. Based on our proportionate sample, we found out that more than 30% of our school population use an Apple Macbook. The large proportion of students using Apple Macbooks warrant an initiative by IITS to equip and update the school infrastructure with Mac-friendly software and hardware. The preference for an Apple Macbook has transformed it from an exotic choice to a popular choice chosen by the school population. We recommend IITS to embark on a feasibility study immediately to update the school’s firmware to support the Mac platform 1. Introduction: The Problem SIM's existing hardware infrastructure does not support the use of Macs. Students rely heavily on laptops to get their university course work done. Through our daily observations, SIM students are making the switch to using a Mac instead of a laptop with a Windows operating system. Those who use Macs instead of Windows face a lot of difficulties. Seminar rooms in SIM...
Words: 1168 - Pages: 5
