In: Business and Management

Submitted By griseldavalle
Words 901
Pages 4
Feasibility Paper
Griselda Vall, Rebeka, Myra
May 11, 2016

Section 2

Industry Analysis
As a company who is trying to penetrate the design industry by introducing new and practical ways to decorate and present products to customers, technology will be essential.
We decided to present 3D display windows as well as decorating options to help the design industry evolve along with technology. We are aware that technology is becoming an essential part of our lives in every aspect and every industry needs to find ways to work with it.
Without technology our business would not work because we provide a service, which allows store owners to have a 3D experience of what their stores will look like, allowing them to save time and money.
Demographic changes
The United States population is expected to expand by a 100 million in the next 40 years. It is also expected to grow older. We believe that these changes affect our company in negative and positive ways. It will be affected negatively because the population will grow somewhat older and older people don’t use technology as often. However, people who will get older will already be exposed to technology and its importance in our everyday lives. As for the growth of population, it will affect us in a positive way because we can expand our market and have more sales.

Changes occurring in our socio-cultural environment
One of the biggest changes we are living is globalization. Even though this change has been happening since the beginning of civilizations (because there have always been advancements and changes) globalization has become a part of our daily lives. Almost everything we see or do is connected to something or someone who is in another part of the world. Being able to order candy online from China or being able to reach someone in Australia anytime you want is something that has affected the way we…...

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Words: 483 - Pages: 2