Reference no: EM132297922

For a new startup business in computer repair explain how the development phases minimize risk, aid learning/analysis at the earliest possible stages

The goal of developing phases is to show how much risk is required for each phase compared to the expected outcome or return on the investment; phasing allows for learning during each step and creates a decision point prior to moving on to the next phase on whether to proceed, modify the business, or exit (with potentially a smaller overall loss).

? Potential planning and development stages/phases:

? Idea stage

? Concept stage

? Test marketing stage

? Product/service development stage

? Commercialization

? Include anticipated resource requirements for each stage of development.