Decide what each partner''s managerial role in restaurant

Assignment Help Operation Management
Reference no: EM13746219

You and your partners have decided to open a large, full service restaurant in your local community; it will be open from 7 a.m. to 10 p.m. to
serve breakfast, lunch, and dinner. Each of you is investing $50,000 in the venture, and together you have secured a bank loan for $300,000
to begin operations. You and your partners have little experience in managing a restaurant beyond serving meals or eating in restaurants, and
you now face the task of deciding how you will manage the restaurant and what your respective roles will be.

1.  Decide what each partner's managerial role in the restaurant will be. For example, who will be responsible for the necessary
departments and specific activities?

2.  Describe your managerial hierarchy.

Include a minimum of one (1) scholarly source in addition to your text and required readings.

Length: 3-5 pages not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts
and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to
Northcentral University's Academic Integrity Policy.

Reference no: EM13746219

Questions Cloud

Effects of ph on radish seed germination : Effects of pH on Radish Seed Germination-How does temperature affect water availability in an ecosystem
What npv is calculated using this method : What NPV is calculated using this method? The initial investment in the project is $45,000. The firm's cost of capital is 12%, however projects in this risk class have a 14% required rate of return. The risk-free rate is 8%.
Choose one full-length coming of age work : Choose one full-length Coming of Age work (a novel, movie, play, collection of stories or poems, so on) - literary, film, television, video game (but not non-fiction/true to life) - and write a detailed analysis, not just a summary, of it. Use at lea..
Determining the aftertax cost of debt : The company's pretax cost of debt (as an APR) is ______%? If the tax rate is 35 percent, the aftertax cost of debt (as an APR) is_______%?
Decide what each partner''s managerial role in restaurant : Decide what each partner's managerial role in the restaurant will be. For example, who will be responsible for the necessary departments and specific activities
Expected return on the market using the capm model : CAPM is one of the more popular models for determining the risk premium on a stock. If the Expected Return on the Stock is 20.38 percent, the Risk-Free Rate is 9.0 percent, and the Beta for Stock i is 1.75. Find the Expected Return on the market u..
Maximum price you would pay for bond : Coupons are paid semiannually. If your required rate of return is 10% what is the maximum price you would pay for this bond?
What are the ongoing clinical trials : You will choose a disease or condition that have present or future stem cell treatments (maximum of 4000 words-four pages single space). What are the ongoing clinical trials
Month interest on the overdue balance : One of your customers is delinquent on his accounts payable balance. You've mutually agreed to a repayment schedule of $500 per month. You will charge 1.40 percent per month interest on the overdue balance.

Reviews

Write a Review

Operation Management Questions & Answers

  Compute a machinability rating for the new material

Suppose the machinability criterion was the cutting speed for a 10 min tool life. Compute the machinability rating for this case.

  The view of top management regarding what an organization

1 a mission statement often containsa.an organizations visionb.an organizations strengths and weaknessesc.an

  Explain the current situation of the organization

Explain the current situation of the organization in the market (industry, market, and general environment analysis). Assess the financial performance and condition of the organization.

  What are some of the underlying group beliefs

What are some of the underlying group beliefs and cultural elements that contribute to it or result from it? Can you provide an example of groupthink? How do we prevent it? How do we get rid of it once it is occurring?

  Discuss how the distribution strategy

Discuss how the distribution strategy fits the product / service, target market, and overall marketing strategy for the company

  Calculate the reorder point for the notebook binders

Annual demand for the notebook binders at Duncan's Stationery Shop is 10,000 units. Dana Duncan operates her business 300 days per year and finds that deliveries from her supplier generally take 5 working days.

  Explain a demand chain

Give an explanation of a demand chain, an identification of the constituent parts of a demand chain, Why a business should understand the constituent parts of their demand chain, A description of how a demand chain is created, A description of how..

  What are the difference between criminal case and civil case

what are the difference between criminal case and civil case?

  Analyze and critique the nmci project

Analyze and critique the NMCI project in terms of its:· risk identification and management

  After having reviewed the whistle-blower definition and

after having reviewed the whistle-blower definition and statute would you agree that despite having the whistle-blower

  What is the maximum authorized inventory

how many Kanban card sets should be authorized? What is the maximum authorized inventory?

  As the project manager how will you satisfy such needs for

business disruption has become a serious concern of the company president who wants to see a detailed plan before the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd