VAE 511: Livestock Entrepreneurship (1+0)

INTRODUCTION

Technical Feasibility

• The evaluation of a new-venture idea should start with identifying the technical requirements and the technical feasibility for producing a product or service that will satisfy the expectations of potential customers. The most important of these are:
  • Functional design of the product and attractiveness in appearance.
  • Flexibility, permitting ready modification of the external features of the product to meet the changing customer demands or technological and competitive changes. Adaptability to newer changes is an essential criterion for the success of the product.
  • Quality of the ingredients from which the product is made.
  • Reliability, ensuring performance as expected under normal operating conditions.
  • Product safety, posing no potential dangers under normal operating conditions to the customers.
  • Reasonable utility-an acceptable rate of obsolescence.
  • Ease and low cost of maintenance.
  • Standardization which meets the regional standards and which are good for the public health.