Feasibility Study Analysis Assignment

Added on -2020-02-24

This report is written to define the business feasibility study, the purpose, and role of the feasibility study and evaluate if developing a capsule hotel in Singapore will be a viable venture. Market feasibility is responsible for describing the market for the products, potential buyers, sales estimation, and competition.  The description is concerned with determining if the product and services to be offered will attract customers and if the mode of delivering the products and services will be efficient.

| MBA-870| 9 pages| 2224 words| 591 views

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Running head: FEASIBILITY STUDY1Feasibility study.Student NameInstitution
FEASIBILITY STUDY2ContentsIntroduction......................................................................................................................................3Methodology....................................................................................................................................4Concept and design..........................................................................................................................4Marketing.........................................................................................................................................5Finance.............................................................................................................................................5Legislation.......................................................................................................................................6Location...........................................................................................................................................7Conclusion.......................................................................................................................................7References........................................................................................................................................8
FEASIBILITY STUDY3Introduction.Initially, people invested in different business ventures before carrying out any investigation to determine if the venture could be successful or not. This trend was the reason behind many business ventures failing to meet their objectives and achieve their mission and vision. With time people and organizations realized that having capital was not all that was needed to succeed in business operations. The need to analyze various aspects of the business was born. This report is written to define business feasibility study, the purpose, and role of the feasibility study and evaluate if developing capsule hotel in Singapore will be a viable venture.Feasibility study refers to evaluating and analyzing a business project to determine if the business venture will be viable. The feasibility study has various components which include the description, market feasibility, technical feasibility, organizational feasibility and financial feasibility (Reddy, et al. 2013). The description is concerned with determining if the product and services to be offered will attract customers and if the mode of delivering the products and services will be efficient. Market feasibility is responsible for describing the market for the products, potential buyers, sales estimation and competition. It analyses if the venture will be successful in terms of the market. (Burke, 2013). Technical feasibility analyses if the venture hasthe necessary technology to enable the business to be effective and efficient. Organizational feasibility analyses if the legal structure of the business, organizational structure and professionalbackground of the business will enable the venture to succeed. Financial feasibility is concerned with if the venture funding will be enough and if the invested capital will bring the expected returns on investment.The purpose and role of the feasibility study are to test the viability of a business project so that an organization does not invest in a venture that will not succeed due to various factors

It is concluded that Capsule hotels are growing rapidly because they offer facilities that are not provided by other hotels. These hotels are becoming more and more known because they offer state-of-the-art facilities that make their customers more comfortable and secure as they provide enough security for customers and tourists' valuables. "Customer Service In Travel And Tourism Sector" is important for better analysis. Capsule hotels carry out a feasibility study before commencing business ventures in different countries and that is the reason behind their success as they only invest in viable business projects.

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