The purpose of this task is to assess a potential new venture concept and fit with an opportunity, by preparing a feasibility report. This report should aim to convince stakeholders that you have access to a strong team and can demonstrate the financial implications (start-up, running costs and sources of revenue) to launch your proposed new venture. The feasibility report should focus on the following: The product or service concept is sound and offers superior value to the target customers.The industry and market analysis for the new venture concept, clearly outlining the differentiation from competitors.The organisational feasibility, outlining the skills you and the new venture team have (should have) to execute this well, and outline other social capital resources needed.The financial feasibility indicating economic sustainability and attractiveness for potential stakeholders.Inherent in the report the attractiveness of the opportunity should be demonstrated and the business model should be included as an appendix.Recommend actions to further strengthen the business concept before developing a business plan for the potential venture.