The impact of feasibility study on new businesses ventures in Taraba State Department:Business Administration and Management By: SIRJOSEPH Project ID: 8597 Rating: (5.0) votes: 1 Price:₦4000 Get the Complete MaterialAbstractThe current research study was carried out to examine the impact of a feasibility study on new businesses ventures using selected new business ventures in Taraba State. In this study, a survey research design was adopted. The population of this study consists of executives and their subordinates. Hence, the primary method of data collection was used, where a sample of 119 closed-ended questionnaires was prepared and administered to the respondents in the case study, that were selected using the five-point Likert scale. From the findings, the study concludes that businesses with feasibility studies are more viable than those without. The problems of new business ventures includes: shortage of trained and skilled human resources, lack of access to funds, lack of access to credit facilities, and a hostile business environment. The problems associated with feasibility studies include: difficulty in obtaining accurate data and information from reliable sources, inability to recognize and interpret financial forecasts, difficulty in estimating important variables, and difficulty in determining the optimal time to start implementing the project on the ground. Based on the conclusion, the study recommends that a massive awareness campaign to the masses in order to create the requisite awareness of the uses of feasibility studies and the need to embark on them before starting up a new business. Businessmen should gather as much information as possible about their business before they go into such a business, because a feasibility study can help determine the market share of their organization....Preview Download Preview +Other Business Administration and Management project topics and materials you might be interested in»The Effect of Management Information System on Achievement of Organization Objectives ( A Case Study of Nitel Owerri )»The impact of production planning and control on a manufacturing process ( a case study of Nigeria bottling company aba, abia state)»The Impact of Staff Discipline in the Attainment of Organizational Objectives ( A Case Study of Selected Organizations in Owerri, Imo State )»The Effect of Motivation on Employees Productivity in Anambra State ( A Case Study of Education Commission Awka )»Marketing implication of merger and acquisition in banking industry - a case study of Access bank Plc, Bida branch, Niger state»The Impact of Performance Appraisal on Staff Productivity ( A Case Study of Diamond Bank Plc, Owerri )»The effect of irregular payment of workers salaries on productivity of workers in imo state (a case study of owerri municipal council)»The impact of welfare packages on employees performance (A case study of Nigeria breweries plc Aba)»A critical evaluation of leadership style and organization performance in the private sector ( a case study of selected establishment in abia state)»The Effects of Motivation on Workers Morale ( A Case Study of Power Holding Company of Nigeria, Aba )»Management Problems of Manufacturing Industries in Nigeria ( A Case Study of Nigeria Breweries Plc and Unilever Plc )»Motivation and Employee Performance in Public Sector ( A Case Study of NTA Channel 12 owerri)»An assessment of the impact of modern communication facilities on service delivery in business organization ( A case study of ICT based firms in aba, abia state)»The Impact of Delegation on Management Decision Making ( A Case Study of Zenith Bank Plc, Enugu )»The Role of Customer Service in the Service Delivery of Multinational Companies in Nigeria ( A Case Study of Unilever Nigeria Plc Aba)