Feasibility Assessment
The process of determining how practical and achievable it is for a company to enter a new market, considering internal capabilities, external conditions, and regulatory requirements.
Implications
A detailed evaluation process used to determine the viability of a project or initiative, often considering multiple dimensions such as technical feasibility, financial feasibility, and operational feasibility, leading to informed decision-making.
Example
Example: A city government conducts a feasibility assessment for a proposed public transportation project, analyzing costs, potential ridership, environmental impact, and technical challenges before deciding to proceed.
Related Terms
Different from a feasibility study, which is a broader analysis, a feasibility assessment is a more focused evaluation of specific aspects of a project or decision.
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