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Opening a New Restaurant
You and two partners are thinking about writing a business plan for a large restaurant in your local community. Each of you can invest $25,000 in the venture and with a solid business plan you hope to secure an additional investment of $450,000 in the form of a bank loan. You and your partners have little experience in the food industry beyond serving meals or eating in restaurants. But after reading this chapter, you know a little bit about more about how you will manage it.
1. Decide what activities and tasks the three levels of management should be responsible for in the restaurant. Support your answer with an example for each level.
2. How should you and your partners go about (a) planning, (b) organizing, (c) leading, and (d) controlling resources effectively in opening a new restaurant? Support your answer with an example for each function.
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