The feasibility stage is a critical phase in the research and development process where the potential for a project or product is assessed to determine if it can be successfully developed and brought to market. This stage includes evaluating technical, financial, and operational aspects to ensure that the proposed idea is viable before significant resources are committed. By conducting thorough assessments during this stage, companies can mitigate risks and focus on projects that are likely to succeed.
congrats on reading the definition of feasibility stage. now let's actually learn it.