Basics
What is 3 types of feasibility?
Key activities, key resources, and key partnerships
What does financial feasibility consist of?
Can the business turn a profit; can revenue exceed expenses
Who is one key partner of Chick-fi-la?
Suppliers, Franchisee Owners, Bottle Rocket studios, Starcom(marketing)
What phase is SpaceX currently in?
Feasibility
What are the 3 types of feasibility in the feasibility triangle?
Market, financial, and organizational
What does organizational feasibility consist of?
The feasibility of founders and whether they have the necessary resources for the business
What is a key resource for Chick-fi-la?
Employees, Brand, Real Estate, Logo
What is a key activity for Apple?
Innovation, design & manufacturing, marketing & sales, customer service, branding
What is feasibility?
Can the business idea become a reality and are you the right person to start this business
What step is feasibility in the Creative Problem Solving Process?
Step 3: develop
What is a key activity for Chick-fi-la?
Customer Service, Fast and Fresh food, Community engagement
What streaming service company conducted a feasibility study in order to expand into international markets such as the UK, India, Brazil?
Netflix
What is an example of a key resource?
buildings, equipment, intellectual property like trademark, copyright, patents, office, finances need to start the business, etc.
What does market feasibility consist of?
Is there a target market that demands this product or service
Who is a key partner of Apple?
Best Buy, Amazon, AT&T, Verizon
What technology company conducted a feasibility study before launching its Pixel smartphone line to complete with brands like Samsung and Apple?
What is an example of a key partnership?
partnerships, strategic alliances, outsourcing, joint ventures, producers, wholesalers, retailers
What is an example of a key activity?
steps to make the business idea work, how you distribute your product or service to customers (distribution channels), build and retain customer relationships, revenue streams, etc.
What is one key resource for Apple?
Brand name & recognition, patents,employees, management team
What is a key activity of Uber?
Web and mobile app development,driver recruitment, marketing (customer acquisition), customer service activities (driver ratings, incidents, etc.)