Question

1.Based on the above article, if you were an entrepreneur, which sector would fit you the most? Justify your answer by conducting an entrepreneurial feasibility analysis.
 2.Using the Five forces of Porter, what are the risks that come with entering this sector? 


 3 .After you have done the five forces of porter analysis, would it be feasible to enter the market with a niche strategy? Justify your answer.


4.Will you consider launching a business in this sector? Discuss your answer in detail.


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Answer 1

Answer:

Incomplete question. However, I inferred you want to know more about the Five forces Model created by Michael E. Porter and about the conducting entrepreneurial feasibility study.

Explanation:

Note that the main focus of Poter's model is to help someone analysing a market know how much competition will exist in and the chances of realizing a profit. The five forces to be analyzed are:

1. The threat of substitutes,
2. the threat of new entrants,
3. competitive rivalry
4. bargaining power of buyers and
5. bargaining power of customers.

Thus, conducting an entrepreneurial feasibility study would involve a careful cross-examination of the factors mentioned above.