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Managing a restaurant beyond serving meals

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Reference no: EM132640625

Discuss the following scenario and write down your judgement.

You and your partners have decided to open in your area a large, full-service restaurant that will be open from 7:00 AM to 10:00 PM to serve breakfast, lunch and dinner. Each of you is investing Rs. 1,00,000 in the venture, and together you have secured a bank loan for Rs. 10,00,000 more 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.

Q 1. Discuss the most important decisions that must be made about (a) planning, (b) organizing, (c) leading, and (d) controlling, to allow you and your partners to utilize organization resources effectively and build a competitive advantage.

Q 2. For each managerial function, list the issue that will hinder/affect your restaurant's success the most.

Reference no: EM132640625

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