You and your partners have decided to open in your area a large, full- servicerestaurant that will be open from 7:00 AM to 12:00 AM to serve breakfast, lunchand dinner.

Each of you is investing RS.10, 000, 00 in the venture, and together you have secured a bank loanRs.300,000 more to begin operations. You and your partners have little experiencein 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 yourrespective roles will be.

Question 1.Decide what your respective managerial roles in the restaurant will be. ForExample, who will be responsible for the necessary departments and specificactivities? Describe your managerial hierarchy.

Question 2. Discuss the most important decisions that must be made about (a) planning,(b) organizing (c) leading, and (d) controlling, to allow you and your partnersto utilize organization resources effectively and build a competitive advantage.

Question 3. For each managerial function list the issue that will contribute the most to yourrestaurant's success.

Question 4. What criteria will you use to evaluate how successfully you are managing therestaurant?