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Transcript of skb22
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Unwanted things by someone in
business
Loss
Failed
Subject to legal sanctions
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AVOID RISK OF SUCH LOSSES OF ANY
INVESTMENT
COMPLETING THE REQUIREMENTS OF
RULES & LAW APLLIED IN THEESTABLISHMENT OF A BUSINESS
WHY IS A FEASIBILITY STUDY?
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AS CONSIDERATION TO ACCEPT ORREJECT ANY INVESTMENT DECISION
(FEASIBLE / NOT FEASIBLE).
WHY IS A FEASIBILITY STUDY?
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AVOIDING RISK OF LOSSES
FACILITATING PLANNINGFACILITATING THE
IMPLEMENTATION OF WORK
FACILITATING CONTROL
PURPOSES OF A FEASIBILITY STUDY
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New Ventures Failure
a) Does not have a comprehensive knowledge of the market
b) Does not have a comprehensive knowledge of the technical
requirements of the business
c) Does not have a comprehensive knowledge of the financial
aspects
d) The absence of the uniqueness of the products offered.
e) Lack of understanding of the legal aspects related to the
business
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What is a feasibility study?
A feasibility studyis an evaluation and
analysis of the potential of the proposed
project which is based on extensive
investigation and research to support the
process of decision making.
An activity that learns deeply whether or not
a business or businesses run are feasible
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Learning deeply means seriously examine the
data and information, then measured,
calculated and analyzed by using a particular
method.
Feasible means is the business carried on
providing benefits greater than costs
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Things to be considered before
developing a business feasibility study
FEASIBILITY STUDY needs cost; the cost for developing a
business feasibility should not be greater than the VALUE
BENEFITS of the business" that will be generated;
FEASIBILITY STUDY takes TIME: So to make it should not take
too long, so that the data will no longer UP TO DATE, and thecosts will be greater;
FEASIBILITY STUDY needs SKILLS; so that it should be made by
skillful and knowledgeable person .
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The aims of a feasibility study
Feasibility studies aim to objectively and
rationally uncover the strengths and
weaknesses of an existing business or
proposed venture, opportunities and threats
present in the environment, the resources
required to carry through, and ultimately the
prospects for success.
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How to judge feasibility study
two criteria to judge feasibility are cost
required and value to be attained
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The objectives of BSF
A feasibility study evaluates the project's
potential for success; therefore, the perceived
objectivity is an important factor in the
credibility to be placed on the study by
potential investors and lending institutions.
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PEOPLE
TO SEE WHETHER THE BUSINESS TO OPEN
WILL HARM THE ENVIRONMENT OR OTHERWISE, SO THAT
PEOPLE CAN ACCEPT OR REJECT IT.
GOVERNMENT
BASIS FOR CONSIDERATION IN ASSESSING &
GRANTING A BUSINESS PERMIT FOR
THE PORPOSED PROJECT
INVESTOR/
BANKING
TO ASSES THE BUSINESS
OPPORTUNITY WHETHER FEASIBLE OR NOT
MANAGEMENTAS A SOURCE CONSIDERATIONS
IN MANAJERIAL DECISION
ANALISTTHE ANALYST: APPLICATION OF
SCIENCE & KNOWLEGDE, GET FEE,
SOCIAL SERVICES
BENEFITS
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Business Environment
A. Internal Environmental Analysis
B. External environmental analysis
Role of Business Environment Analysis
1. Policy-oriented role (initial information for a broad strategic issues)
2. Role-oriented strategic planning (strategic environmentalforecasting)
3. Function-oriented role (improve the performance of functions of
the organization)
Environmental Analysis Techniques1. Profit impact analysis of market strategy
(comparing models of strategy on the return of capital)
2. Analysis of the range of values (value chain analysis)
3. functional analysis
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Forces influencing Industries
Potential Entrants
Industry Competitors
Rivalary among existing
firms
Substitute
Products or
Services
Michael Porter
Bargaining Power of
Suppliers
SupplersBuyers
Rivalary among existing firms
Threats of Substitute Products or
Services
Bargaining Power of Buyers
Threats of New Entrant
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Structural reasons why some industries were profitable
*Firm concentration*Established cost advantages
*Product differentiation
* Economies of scale
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Structural reasons all represented barriers to entry
in certain industries, thusallowing those industries to be
more profitablethan others.
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Porters Five Forces *Threat of Entry
*Bargaining Power of Suppliers*Bargaining Power of Buyers
*Development of Substitute
Productsor Services
*Rivalryamong Competitors
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Barriers to Entry
large capital requirementsor the need
to gain economies of scale quickly.
strong customer loyaltyor strongbrand preferences.
lack of adequate distributionchannelsor access to raw materials.
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Power of Suppliers
high when
*A small number of dominant, highly
concentrated suppliersexists.
*Few good substituteraw materials orsuppliers are available.
*The cost of switchingraw materials orsuppliers is high.
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Power of Buyers high when
* Customers are concentrated, largeor
buy in volume.*The products being purchased are
standard or undifferentiatedmaking it
easy to switchto other suppliers.*Customers purchases represent a major
portionof the sellers total revenue.
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Substituteproducts
competitive strength high when
*The relative priceof substituteproducts declines.
*Consumersswitching costs decline.
* Competitors plan to increase marketpenetrationor production capacity.
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Rivalry among competitors
intensity increases as
* The numberof competitors increases or
they become equal in size.
*Demand for the industrys productsdeclinesor industry growth slows.
* Fixed costsor barriers to leavingtheindustry are high.
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Summary
As rivalry among competing
firms intensifies, industryprofits decline, in some cases
to the point where an industry
becomes inherently
unattractive.
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BUSINESS FEASIBILITY STUDY
An activity that learns deeply about a business
or businesses run in the context of whether or
not the business is feasible
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Learning in depth means seriously examine
the data and information, then measured,
calculated and analyzed by using a particular
method
Feasible: Is the business carried on to provide
benefits greater than costs
Business
Business carried on providing benefits, both
financial and non-financial
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Important Tips to Develop A
Business Feasibility Study
Completeness and Accuracy of Data and
Information
Experts in the Feasibility Study Team
Determination of Methods and Right
Measurement
The Loyalty of Team Feasibility Study
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Factors cause why a business
feasibility study failed
Incomplete Data and Information
Not careful or precise
Miss calculation Wrong work Implementation
Environmental Conditions
Deliberate elements
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STAKEHOLDERS WHO ENGAGE WITH
FEASIBILITY STUDY
Business Actors and Investors
Profit-oriented and adds the Wealth of owners of
capital
Creditorsto assure the security of funds distributed
(guarantee of principal and interest).
Government
expansion of employment opportunities, savings of
foreign exchange, people income
Community
Positive result for the community
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Aspects of BFS
Consumer Markets and Producers
Marketing
Techniques and technology
Management
Human Resources
Natural Resources
Finance
Political, Economic and Social Industry environment
Juridical (legal)
Environmental
Business risk
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Marketing Aspect
Segmenting, Targeting, Positioning
Attitudes, behaviors, and customer
satisfaction
Strategy, policy, and marketing program
Marketing Mix (4 P's: Product, Price, Place,
Promotion)
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The purposes of marketing aspect
Maximizing Consumption
Maximizing Customer Satisfaction
Maximizing choice (product range)
Maximizing Product Quality
Increase sales volumes of goods and services
Dominate the market and face competition Meet the demand for a product and services
Meet the customers need on the product
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Technical and Technological Aspects
Selection of Production Strategy
Selection and Product Planning to be produced
Quality plan
Selection the Technology
Production capacity plan Inventory management
Type of technology
Product quality control
Equipment and machinery
Factory location
Plant layout
Technological developments
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Human Resource Aspect HR planning
Job analysis
Recruitment, Selection, and Orientation
Productivity
Training and Development Job performance
Required Skill
Pattern of salary / wages (compensation)
Career planning
Occupational Safety and Health
Discharge
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Aspek Manajemen
Bentuk badan usaha
Rencana Kerja
Struktur Organisasi
Koordinasi, implementasi, dan controlling
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Management Aspect
Forms of business entities
Work Plan
Organizational structure
Coordinating, implementing, and controlling
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The amount of funds needed
Financing structure (source of funds)
Profit and Ioss proforma
Balance sheet proforma
Investment analysis: IRR,
NPV, Payback Period vs.
Interest Rate
FINANCIAL
FINANCIAL ASPECT
Selection of investment: buy,
rent, cooporation
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Juridical Aspect
This aspect of the study covers the
completeness, perfection and authenticity of
the documents. This assessment includes the
Company Law Board (Individual, State or LocalCorporate, Limited Corporation, firm, CV,
Cooperatives, Foundations), owned licenses,
certificates Land and other supportingdocuments.
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A. Business Actors
Forms of Business Entities
The Identity of Business Manager
B. The business is runC. Location and Time Frame
D. Other Business Licenses and Permits
E. Communities and Local GovernmentSupport
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The ultimate purposes of a BFS
Assess whether the "something" can become
feasible (feasible) or not, from various aspects
and interests
It depends on the maker mindset
Optimistic vs. Pessimistic
Alignments
Political pressure
Educational Background
Working Experience
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The ultimate purposes of a BFS
Convince us that your "business deserve to
do.
Convince yourself that your "business" is
feasible to do.
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Steps on BFS
Collecting data
Processing data
Analyzing Data
Recomendation
Business Execution
RejectDecision making
Not
Feasible
Ti f S f l B i
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Tips for Successful Business
Feasibility Study
To avoid or minimize the risk of business
failure, so the entrepreneur need to evaluate
the Business Opportunity or so often called as
as the Business Feasibility Study whichgenerally consists of four stages as follows:
Formating the team work
Retrieving the data and information, in order tocomplete the accurate dan relevant data obtained
Analyse the data & information