Maricopa Community Colleges  EPS265   19966-20086 
Official Course Description: MCCCD Approval: 07/22/08
EPS265 19966-20086 LEC 2 Credit(s) 2 Period(s)
New Venture Feasibility Analysis
Tools to identify an industry's market structure and develop a competitive strategy for a business plan. Includes market potential evaluation, niche identification, analysis of competition, and development of customer profiles; development of a marketing plan and sales projections for new business ventures.
Prerequisites: None.
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MCCCD Official Course Competencies:
 
EPS265   19966-20086 New Venture Feasibility Analysis
1. Using a milestone approach, identify the market potential for a specific business endeavor by developing customer profile, market constraint, and competitive environment assumptions. (I)
2. Define and describe the industry structure as it relates to the product or service that will satisfy the customer and market assumptions. (II)
3. Conduct and report on primary and secondary research to verify the customer, market, and competitive assumptions. (III, IV)
4. Conduct an interview with a successful entrepreneur, and communicate the interview results through a written report. (III, IV)
5. Identify and define the major obstacles to a firm's marketing success. (V)
6. Recommend tactical plans to address the marketing obstacles facing a business endeavor. (V)
7. Estimate sales for the first year of a business endeavor by product and by customer segment. (V)
8. Write a marketing plan for a business endeavor. (V)
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MCCCD Official Course Outline:
 
EPS265   19966-20086 New Venture Feasibility Analysis
    I. Identification of Market Potential
      II. Analysis of Industry Structure
          A. Industry size
          B. Entry requirements
          C. Market segmentation
        III. Evaluation of the Competitive Environment
            A. Types of competition
            B. Intensity of competition
            C. Primary and secondary research methods
            D. Use of research in market plan
          IV. Development of Customer Profiles
              A. Types of customers
              B. Buyer behavior
              C. Primary and secondary research methods
              D. Use of research in market plan
            V. The market Plan and Sales Projections
                A. Marketing obstacles
                B. Tactical marketing plan
                C. Sales forecast
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