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Q2. (a) Discuss with an example the role of feasibility analysis in the development of successful business ideas. (b) If any one or more component(s)
Q2.
(a) Discuss with an example the role of feasibility analysis in the development of successful business ideas.
(b) If any one or more component(s) of the feasibility analysis is found with negative feedback then what should you do, as an entrepreneur?
(c) Starving artists and new business owners have one thing in common: They have to be masters of improvisation. The ability to make bold, decisive decisions with incomplete information and pivot quickly in a different direction if necessary is instrumental to early stage success. Asked what she attributes her success to, Sarah Saltzberg, founder of Bohemia Realty Group, told me: "Building a real estate company wasn't easy, but my background in theater and improvisation was instrumental to our success. Now could you point out the reasons behind her success?
please solve it
Q2) How could a business use information technology to increase switching costs and to lock in its customers and suppliers? Use business examples to support your answers .
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please only answer this question.
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