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Essentials of Contemporary Management 7th Edition by Gareth Jones,Jennifer George
Edition 7ISBN: 978-1259545474Essentials of Contemporary Management 7th Edition by Gareth Jones,Jennifer George
Edition 7ISBN: 978-1259545474 Exercise 2
Opening a New Restaurant
Form groups of three or four people, and appoint one group member as the spokesperson who will communicate your findings to the entire class when called on by the instructor. Then discuss the following scenario:
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.
For each managerial task, list the issues to solve, and decide which roles will contribute the most to your restaurant's success.
Form groups of three or four people, and appoint one group member as the spokesperson who will communicate your findings to the entire class when called on by the instructor. Then discuss the following scenario:
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.
For each managerial task, list the issues to solve, and decide which roles will contribute the most to your restaurant's success.
Explanation
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Performing the managerial tasks is also associated with many issues and challenges. The managers should be efficient enough to manage those issues and work forward for the success of the organization.
The issues which the managers of the new restaurant will have to face while performing the managerial tasks are discussed below.
Planning : Setting up of the organizational goals in the starting stage of the business is a great challenge. Another issue is the effective utilization of the resources and also the estimation of the required resources may be a complex task.
Organizing: Formulation of the organization structure and implementing good communication is a challenging task for the managers. Issues relating to reporting, coordinating etc can occur due to improper structuring or ambiguity.
Leading : Motivating the employees and making them work for the organizational objectives is challenging. Handling the employee behaviour, internal conflicts etc can be the major issues.
Controlling : The issues related to the feedback provision, disciplinary actions etc can be the issues.
There are four levels of management which plays specific roles in the success of the organization. They include the first line manager, middle manager, top managers and CEO. Here in the case of the restaurant the middle managers play the important role in the success of the organization. These managers have an equal role in the planning, organizing, leading and controlling. Hence they can contribute better for the organization's performance.
The issues which the managers of the new restaurant will have to face while performing the managerial tasks are discussed below.
Planning : Setting up of the organizational goals in the starting stage of the business is a great challenge. Another issue is the effective utilization of the resources and also the estimation of the required resources may be a complex task.
Organizing: Formulation of the organization structure and implementing good communication is a challenging task for the managers. Issues relating to reporting, coordinating etc can occur due to improper structuring or ambiguity.
Leading : Motivating the employees and making them work for the organizational objectives is challenging. Handling the employee behaviour, internal conflicts etc can be the major issues.
Controlling : The issues related to the feedback provision, disciplinary actions etc can be the issues.
There are four levels of management which plays specific roles in the success of the organization. They include the first line manager, middle manager, top managers and CEO. Here in the case of the restaurant the middle managers play the important role in the success of the organization. These managers have an equal role in the planning, organizing, leading and controlling. Hence they can contribute better for the organization's performance.
Essentials of Contemporary Management 7th Edition by Gareth Jones,Jennifer George
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