Viable Business Ideas
Viable Business Ideas
Identify why you think that these are viable alternatives. Consider the following. What are the pros and cons associated with each? What are the outcomes that each alternative will produce if chosen?
Why you think that these are viable alternatives
Identify why you think that these are viable alternatives. Consider the following.
What are the pros and cons associated with each? What are the outcomes that each alternative will produce if chosen? Detail what resource(s) the company possesses and must initiate in each alternative for success. How do these alternatives impact the company’s value creation? What could the potential financial opportunities, or challenges, can occur from these alternatives. What might be the impact on the Vision/Mission and the cultural and social images of the organization?
More details;
a viable alternative
An “alternative” is a choice or a possible solution to a problem.
A “viable alternative” is a choice or possible solution which might work.
To illustrate this with an example, imagine that you need to get to work but you don’t want to drive a car. Walking to work is not a “viable alternative” because you live too far away from your office. But maybe riding a bicycle is a “viable alternative”.
Alternatives can be “viable” or not “viable” in a few different ways:
- economically viable
- politically viable
- commercially viable (able to be sold
fossil fuels
“Fossil fuels” are fuels like oil (which is used to make gasoline), natural gas (which is used to heat homes and for cooking), and coal.
These fuels are called “fossil fuels” because they come from decayed plants and animals from a very long time ago. A “fossil” is the remains of a plant or animal which died a very long time ago.
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