Answer to Question #224994 in Management for zile

Question

ENTREPRENEURSHIP AND SMALL BUSINESSES

Kristin Berry, Miss Design Berry case study

Question 1 (30 Marks)

Drawing on the extract for inspiration, conduct a viability study on a business opportunity you foresee or have heard about.

Answer 1

Local Innovation Support Funds (LISFs) is a new enterprise, targeting to directly convey capital resources and assets to inventive agriculturalists, groups, or societies to motivate and inspire their modernism. The enterprise is configured to be under the ownership of Promoting Local Innovation (PROLINNOVA) stakeholders. 

The evaluation of the viability of the enterprise is in line with funding from external organizations intending to achieve decentralization. Organizations such as PADEP, the PEA, and MVIWATA are set to offer stakeholders financial backing to achieve the enterprise goals. 

The proposal is essential as it ensures future success for the enterprise while on the other hand ensuring stakeholders and sponsors receive substantial remunerations.