Framework F008: Feasibility Study & Analysis Toolkit (Technical, Practical, Economic and Legal)

Assess your innovation’s technical, practical, economic and legal viability before launch with a structured, multi-dimensional feasibility study

You can have a bold idea, a killer pitch, and a passionate team — but if your product isn’t feasible, it’s not going anywhere.

This framework teaches you what a feasibility study is and how to conduct one across four critical dimensions: technical, practical, economic, and legal. It ensures you don’t just have a big idea — you have one that can be built, scaled, funded, and legally launched.

What You Will Achieve With This Framework

✔ Understand and explain feasibility analysis in a business-ready format

✔ Identify technical, logistical, and regulatory risks early

✔ Build a detailed feasibility plan for internal or investor use

✔ Apply real-world data to validate your market, pricing, and operations

✔ Know when to pivot, pause, or double down with confidence

Who This Is For

This framework is ideal for:

  • Founders validating a new product or venture

  • Product teams assessing roadmap risks

  • Strategy or innovation leaders doing due diligence

  • Startups preparing investor-facing feasibility materials

When to Use It

Use this framework when:

  • You're deciding whether to pursue an idea

  • A stakeholder asks for a feasibility study example or analysis

  • You’re planning a pilot or MVP and need to assess risks

  • You want to back up your product plan with data

What This Framework Replaces

✘ Hand-wavy “we think this could work” logic

✘ Skipping due diligence on cost, tech, or compliance

✘ Delays due to overlooked legal or production challenges

✘ Product strategies based solely on vision, not viability

How It Fits Into Your Innovation Process

Use this after defining your value proposition and before GTM planning or investor conversations. It’s a key checkpoint in de-risking your product development journey.

Framework Sections

  1. What is Feasibility Analysis? – Clear definition and why it matters

  2. Technical Feasibility: Assess buildability with current tech

  3. Practical Feasibility: Ensure scalability, manufacturability, and adoption

  4. Economic Feasibility: Project cost, revenue, and profit potential

  5. Legal Feasibility: Check IP, compliance, and regulatory alignment

  6. Full Checklist: Use for internal review or to structure a formal feasibility plan

  7. Data Sources: Where to get credible data for each dimension

  8. Summary: Why great ideas still need validation before execution