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620 Ass.pdf - Potential roadblocks for developing and...

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Potential roadblocks for developing and understanding business. 1. Inappropriate prototypes and sketches: The product is still in beta phase, and hence it has limited capabilities. Also, due less number of functionality it cannot be tested optimally. A lot of money, time and efforts need to be invested in order to make a prototype. If it fails it has a very bad impact on the business. 2. Spending too much time on an idea. Ideally, it is a good practice to spend adequate amount of time on learning and developing a business; it should be stopped after a certain point. There should be threshold in place which once reached should not be overdone because spending too much time on one business may block opportunities to other businesses. 3. Not having current know-how. It is also important to be well versed with the latest technologies and business ideas. This is not limited to only having an expertise in what your business is, but also having a fair idea of what is happening in the competitive world. Not keeping yourself updated about latest business trends, can be a major drawback.
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Scenario approach in Business Analysis.
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