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 12:00 AM to serve breakfast, lunch and dinner. Each of you is investing RS.10, 000, 00 in the venture, and together you have secured a bank loan Rs.300,000 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.

Q1) Decide what your respective managerial roles in the restaurant will be. For Example, who will be responsible for the necessary departments and specific activities? Describe your managerial hierarchy.

Q2) 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.

Q3) For each managerial function list the issue that will contribute the most to your restaurant's success.

Q4) What criteria will you use to evaluate how successfully