Business Sustainability Challenges

Questions and Answers

What is the primary purpose of conducting a feasibility study?

The primary purpose of a feasibility study is to evaluate the viability and sustainability of a proposed business or project.

List at least three factors that a feasibility study takes into account.

A feasibility study considers marketing, production or technical issues, and financial implications.

How does a feasibility study help in risk minimization?

A feasibility study minimizes risks by identifying potential financial, legal, and reputational ramifications of a project.

In what ways can a feasibility study influence the decision-making of investors?

A feasibility study provides a cost-benefit analysis and identifies the merits and demerits of a project, guiding investor decisions. Signup and view all the answers

What is the primary purpose of the book authored by Dr. Ndalahwa M. Masanja?

The primary purpose of the book is to provide a practical guide for writing a feasibility study to determine the viability of a specific project. Signup and view all the answers

What challenges does a feasibility study identify during project execution?

A feasibility study identifies potential challenges and problems that may arise during the implementation of the project. Signup and view all the answers

Which academic institution does Dr. Ndalahwa M. Masanja currently lecture at?

Dr. Ndalahwa M. Masanja is a lecturer at the University of Arusha. Signup and view all the answers

Why do many potential investors lack practical knowledge of feasibility studies?

Many potential investors lack practical knowledge of feasibility studies due to insufficient training and experience in this area. Signup and view all the answers

What degrees does Dr. Ndalahwa M. Masanja hold?

He holds a Bachelor of Business Administration in Accounting and Management, a Master of Business Administration in Accounting, and a doctoral degree in the same field. Signup and view all the answers

What comprehensive understanding does a feasibility study provide?

A feasibility study provides a comprehensive understanding of the project's viability by examining all relevant factors. Signup and view all the answers

In which country did Dr. Masanja work as an Accountant and Business Manager?

Dr. Masanja worked in the United States of America. Signup and view all the answers

What is a significant benefit of conducting a feasibility study before initiating a project?

A significant benefit is that it allows for informed decision-making by evaluating the potential success or failure of the project. Signup and view all the answers

What type of experiences contribute to Dr. Masanja's perspective on human resource management?

His diverse working environments and roles in various industries contribute to his perspective on human resource management. Signup and view all the answers

What role does Dr. Ndalahwa M. Masanja fulfill in relation to graduate students?

He supervises graduate students pursuing dissertation or thesis research. Signup and view all the answers

What is one of the notable achievements of Dr. Masanja in the field of publication?

He is the founding editor of the International Journal of Innovation in Education and Business. Signup and view all the answers

List one of the books authored by Dr. Ndalahwa M. Masanja.

One of his books is 'Introduction to Business Research.' Signup and view all the answers

Study Notes

Feasibility Study Overview

Essential for determining the viability and sustainability of business projects.
Provides a blueprint for evaluating potential business endeavors.
Factors analyzed include marketing, production, technical issues, organization, management, and financial implications.

Importance of Feasibility Studies

Helps make informed decisions regarding the continuation or abandonment of a project.
Offers a systematic analysis of potential risks and opportunities involved.
Identifies merits and demerits through cost-benefit analysis.
Minimizes risks by understanding financial, legal, or reputational ramifications.

Benefits of Conducting a Feasibility Study

Provides a comprehensive understanding of the project or plan.
Pinpoints potential challenges and problems in project execution.
Considers all relevant factors for successful implementation.
Aids investors and management in making educated decisions.

Author's Background

Dr. Ndalahwa M. Masanja is a lecturer in Management and Accounting at the University of Arusha.
Teaching experience includes various higher education institutions like Jomo Kenyatta University and Institute of Accountancy.
Holds a Bachelor of Business Administration in Accounting and Management, and a Master of Business Administration in Accounting.
Earned a doctoral degree from Andrews University, USA.
Professional experience spans roles as an Accountant, Business Manager, and across industries like printing, publishing, logistics, and food service.

Author’s Contributions

Author of multiple books and papers related to accounting, management, research, and education.
Founding editor of the International Journal of Innovation in Education and Business.
Provides a diverse perspective on human resource management supported by substantial teaching and industry experience.

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Description

This quiz explores the critical issues surrounding the viability and long-term sustainability of business projects. Participants will evaluate various factors that can affect project success and identify strategies to enhance sustainability. Perfect for aspiring entrepreneurs and project developers.