You and your partners have decided to opena large full-service restaurant in your local community it will be open from 7am to 10 pm. to serve breakfast unch nd dnner fach of you is investing $50.000 in the venture, and together you have secured a bark loan for $300.000 to begin operations. You and your partners have ie experience in managinga restaurant beyond serving meals or eating in restaurants and you now face the task of deciding how you will manage the restaant and what your repective roles wil be 1Decide what each partner's managerial role in the restaurant wil be For example who w be responsble for the necessary departments and specifie activites? Descibe your managerial hierarchy 2.Discuss the most important decisions that must tmade about a planning organing id leading and i controling to ow you and your pamers to use organoutional resources effectively 3For each managerial task list the issues to solve and decide which roles wl contribute the most to your restauant's success

You and your partners have decided to opena large full-service restaurant in your local community it will be open from 7am to 10 pm. to serve breakfast unch nd dnner fach of you is investing $50.000 in the venture, and together you have secured a bark loan for $300.000 to begin operations. You and your partners have ie experience in managinga restaurant beyond serving meals or eating in restaurants and you now face the task of deciding how you will manage the restaant and what your repective roles wil be 1Decide what each partner's managerial role in the restaurant wil be For example who w be responsble for the necessary departments and specifie activites? Descibe your managerial hierarchy 2.Discuss the most important decisions that must tmade about a planning organing id leading and i controling to ow you and your pamers to use organoutional resources effectively 3For each managerial task list the issues to solve and decide which roles wl contribute the most to your restauant's success

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment

Section: Chapter Questions

Problem 6CRQ: What are firm resources and capabilities, and what information does VRIO provide about them?

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