ABSTRACT
It is realized that many business undertakers in Rwanda become bankrupt because they fail to predict some future risks that can happen to their business projects. Some business projects fail because they do not conduct market feasibility study before they implement their business projects. Many times, they didn’t know that they will share market with strong competitors. There are other business peoples who replicate business projects that are working in other country or other place without proper study, then after starting their project they realize that they brought products or services that are out of client’s needs . This research is aimed to study at what extent the MFS influences the success of business projects. The research has been conducted in Southern Province of Rwanda and the sample size was one hundred seventy nine (179) established business enterprises have been selected. Questionnaires and interview were instruments used in collecting primary data which were then presented and analyzed using Statistical package for social science software (SPSS). Remarkably, the research revealed that it is very important for any business undertaker to draw MFS for his/her business project before its implementation in order to facilitate the implementation of the business project and reducing the probability of business projects failure. This facilitates also the business project evaluation and identification of possible market risks that can happen in the future towards their successfulness. It was found out that the objective of market feasibility study is not only to take a decision on whether to accept or reject an investment proposal but also to make recommendations as to how it should be reformulated when risks comes so as to ensure better market viability of your business project. Finally, conclusion and recommendations have been provided to the business undertakers and others to the government of Rwanda in order to improve business activities in Rwanda.
TABLE OF CONTENTS
PRELIMINARIES
Declaration A
Declaration B
Approval sheet iii
Dedication iv
Aknowledgements V
Table of contents vi
List of Tables viii
Acronyms ix
Abstract X
CHAPTER
ONE: THE PROBLEM AND ITS SCOPE 1
Background of the study 1
Statement of the problem 2
Purpose of the study 2
Research objectives 2
Research questions 3
Scope of the study 4
Significance of the study 4
Operational definitions of key terms 5
TWO: REVIEW OF RELATED LITERATURE 7
Concepts, ideas, opinions from Authors/Experts 7
Related studies 19
THREE: METHODOLOGY 21
Research design 20
Research population 21
Research instruments 24
Validity and Reliability of the research instrument 24
Data gathering procedure 25
Data analysis 27
Ethical Consideration 27
Limitation of the study 28
FOUR: PRESENTATION, INTERPRETATION AND DISCUSSION OF FINDINGS 29
Profile of respondents in southern province of Rwanda 29
Market feasibility study’s elements in southern province of Rwanda 31
Level of business project success in southern province of Rwanda 33
Relationship between MFS and business project success 35
FIVE: SUMMARY OF MAJOR FINDINGS, CONCLUSION AND RECOMMENDATIO36
Summary of major findings 36
Conclusion 39
Recommandations 40
Suggestions for futher research 41
REFERENCES 42
APPENDICES
Appendixi: Questionnaire I
Appendix2: Summary of focused interview with officials of RDB VI
Appendix3: A schematic diagram of feasibility study VII
Appendix 4: Research Budget VIII
Appendix 5: Curriculum Vitae IX
Appendix 6: Introduction letter XIII
Appendix 7: Appoitment letter XIV
Consults, E. & Patricie, M (2022). Market Feasibility Study and Business Project Success in Southern Province of Rwanda. Afribary. Retrieved from https://afribary.com/works/market-feasibility-study-and-business-project-success-in-southern-province-of-rwanda
Consults, Education, and MUGENI Patricie "Market Feasibility Study and Business Project Success in Southern Province of Rwanda" Afribary. Afribary, 11 Nov. 2022, https://afribary.com/works/market-feasibility-study-and-business-project-success-in-southern-province-of-rwanda. Accessed 14 Dec. 2024.
Consults, Education, and MUGENI Patricie . "Market Feasibility Study and Business Project Success in Southern Province of Rwanda". Afribary, Afribary, 11 Nov. 2022. Web. 14 Dec. 2024. < https://afribary.com/works/market-feasibility-study-and-business-project-success-in-southern-province-of-rwanda >.
Consults, Education and Patricie, MUGENI . "Market Feasibility Study and Business Project Success in Southern Province of Rwanda" Afribary (2022). Accessed December 14, 2024. https://afribary.com/works/market-feasibility-study-and-business-project-success-in-southern-province-of-rwanda