Professor Becomes Restaurateur” and its related Challenge Case Summary were written to help you understand the management concepts contained in this chapter. Answer the following discussion questions about the introductory case to explore how fundamental management concepts can be applied to a company such as Austin’s Casual Eatery.

1. Discuss the opportunities that Steven Austin Stovall observed in the local restaurant market. How did he evaluate and exploit those opportunities?
2. How risky was Stovall’s move to change the entire concept of the restaurant just one week after opening? What could have gone wrong?
3. Describe Stovall’s entrepreneurial alertness. How did it help or hurt his business?
4. Which management employability skill or skills did Stovall demonstrate in this case?