Business decision making Essay Example | Topics and Well Written Essays - 3000 words

Business decision making - Essay Exampleand opposite external factors such as availability of suppliers are also necessary to be considered that would help an entrepreneur in successfully establishing a flower break in the city (Fairfax Media, 2015). Sufficient workforce should be available in the occurrence area that would help in conducting the business in an effective manner. Moreover, thither are factors that include effective promotional activities and good customer support are recognized to be vital for attracting the customers towards the flower deceive, which will be undecomposed in creating customer loyalty, which in turn will assist towards long term sustainability of the flower shop. There are various flower shops in the UK operate successfully and an increased demand has been observed in the market segments of Coventry city. In this respect, the growing demand for flowers in the country is providing a great backcloth for the entrepreneurs to establish flower shops in order to suffice the demand of the people (Warwickshire Observatory, 2015).Feasibility circulate is generally used for evaluating the probability of the success of a particular project or business that is being planned to be launched in the future. It is therefore, the result of detailed analysis of a proposed project, business or idea for ascertain whether establishing such venture would be successful or not. A feasibility report also examines the readiness of an organization for ensuring that internal capabilities are capable bounteous to commence a new project or business. In case, if an organization or an individual is not capable of carrying out the new business planning, a contingency plan is being provided in the feasibility report that would help to overcome the adverse situation. Contextually, in this study, the feasibility report would help the flower shop owner to obtain a detailed outlook about the environment and the rate of success if the flower shop is establish ed in Coventry city, UK. The report would be serving as an important