Feasibility Plan

Description

Describe your product/service; consider cost, performance, what needs does your idea fill in the market, availability, service, etc. Your team’s value proposition must convey the value of your product/service. Attached is the Venture Idea. The computer shop.


Elements


Criteria


Points


Value Proposition


·


Clearly and concisely described the product/service and consider cost, performance, what needs does the idea fills in the market, availability, service, etc.


·

Provided an understanding of how the product/service demonstrated value.

50

Research

  • There is sufficient research cited to support idea and achievability.
20

Writing

  • Demonstrates evidence of undergraduate-level writing mechanics including grammar, tense and spelling.
  • Used the APA guidelines for writing style, spelling, grammar, and citation of sources as needed.
  • Posted final submission to the appropriate thread.
30

Total


100

Running head: A NEW VENTURE
1
A New Venture
Name
Institution
A NEW VENTURE
2
A New Venture
Computers
In these technological times we are living, computers have increasingly become “a must
have” machine whether at home, at the place of work or in businesses (Fisher et al., 2017). For
efficient operation mostly in storage and retrieval of information, companies purchase many
computers both laptops and desktops (Klotz et al., 2014). Parents buy their kids laptops and
desktops to help them do their homework and look for information through search engines such
as Google. Computers are also being used for communication such as Skype where one can
converse with someone miles away and be able to see them at the same time (Fisher et al., 2017).
So one gets to know the kind of a person he or she is about to cross a deal. It is quite remarkable
because you can see his or her verbal communication which can serve to let you know more
about them, something you cannot be able to see on phone or other means of communication. It
was with all these considerations that I recently decided to venture into the computer business.
I began with bricks and mortar business where I opened several stores in different areas
of the country. As the sales increased and word spread about our computers, I started receiving
calls from people asking me to give specifications of the variety of the machines available in our
stores. It was on that note that I got an idea of placing adverts online. The adverts worked
wonders, and within no time we could not satisfy the demand. Our online business has
dramatically increased our sales. We have customers from all over the world. We have made
arrangements with transport services to ensure that the clients’ products reach them in time. To
maintain the loyalty, we ensure that we deliver the quality and specification as stated in our
adverts.
A NEW VENTURE
We feature varieties of high quality computers with the best specifications. They are
lightweight and therefore portable. Our prices are pocket-friendly and dependent on the quality
and specifications. We deliver at one’s doorstep or according to the arrangement regardless of
distance. We have computers for young kids, which have a variety of games and other
entertainments as well as for young adults and businesses. Our varieties include desktops,
laptops, and tablets.
The market has increasingly grown since we embarked on online business. We have
clients globally, and the name of our high quality computers has spread widely. We have also
opened stores in some of our neighboring countries, and the sales in those countries keep
increasing.
3
A NEW VENTURE
4
References
Fisher, G., Kuratko, D. F., Bloodgood, J. M., & Hornsby, J. S. (2017). Erratum to “Legitimate to
whom? The challenge of audience diversity and new venture legitimacy”[Journal of
Business Venturing 32 (2017) 52–71]. Journal of Business Venturing, 32(1), 128-129.
Klotz, A. C., Hmieleski, K. M., Bradley, B. H., & Busenitz, L. W. (2014). New venture teams: A
review of the literature and roadmap for future research. Journal of Management, 40(1),
226-255.

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