Skills in various disciplines are required to be able to conduct business feasibility studies. Therefore, the completion of complex business feasibility studies often has many experts from different scientific backgrounds in order to obtain a more accurate dose. Some areas of science that have relevance to the preparation of business feasibility studies are as follows:
Areas of science related to business feasibility studies
1.4 Images related to business feasibility studies with multiple fields of science
A. Business law
Knowledge of business law plays a very important role in the feasibility analysis of business aspects. Business Law discusses the legal provisions of conducting business, including contractual agreements relating to business.
B. Sociology and the environment
The knowledge of sociology has a very important role to conduct the feasibility analysis of social aspects. Sociology learns the behavior of a person’s behavior in a community life, while environmental science is important to conduct an analysis of the feasibility of business impacts on the physical environment.
C. Marketing Management
Knowledge of marketing management is required to conduct analysis on the marketing aspect. Marketing Management discusses the calculation of market potentials, pricing, distribution channel selection, selection of promotional means, product determination, and competition analysis.
D. Operational management and OPERATIONLA research
Knowledge of operational management and operational research has a very important role to conduct feasibility analysis of technical aspects. Operational management and operational research discusses critical path of project completion, site selection determinations, inventory arrangement, and production pattern determination.
E. Human resource Management
Knowledge of human resource management is necessary to perform analysis of human resources condition. Human resource Management discusses labor planning, recruitment, selection, development, and termination of employees.
F. Financial management and accounting
Knowledge of financial management and accounting is required to conduct analysis on financial aspects. Financial management discusses how to get an inexpensive source of funds. Using it efficiently, while accounting discusses the company’s financial reporting. Research methodology, statistics, and computers knowledge of research methodology, statistics, and computers is necessary to support the research process in all aspects of business feasibility study. Knowledge of methodologies. Research gives an understanding to do the research process properly and correctly. Statistical knowledge has a role in conducting data analysis, while computer knowledge is essential in assisting data analysis and report drafting.
G. Research methodology, statistics, and computer
Knowledge of research methodology, statistics, and computer is needed to support the research process in all aspects of business feasibility study. Knowledge of the research methodology provides an understanding to do the research process properly and correctly. Statistical knowledge plays a role in conducting data analysis while computer knowledge is essential in assisting data analysis and report drafting.