Form of Business. Feasibility

Topics: Types of business entity, Partnership, Management Pages: 6 (1120 words) Published: September 18, 2013
CHAPTER V
MANAGEMENT STUDY
The management study is concerns in the organizational set-up of the business. This includes the organizational chart and the qualifications of the people involved. It also determines the type of business ownership. It’s implies a clear and precise identification of duties and responsibilities, flow of authority and manpower level requirement. It must be set up for optimum effectiveness. Form of Business

Partnership is the company’s form of business. It is a type of incorporated organizational business since it is a business of seven (7) people who agreed in a distribution of profits and/or losses and on the extent to which each will be liable for the debts of one another. A partnership permits pass through of income and losses directly to the owners. In this way, they are taxed at each partners’ personal tax rate. Table _

General Partners Name
Name|
Arai, Yutafe|
Dimanalata, Rona|
Langalen, Fatima|
Lucena, Jerome|
Miguel, Vanessa|
Valdez, Jayvee|
Villanueva, Rhenz Allan|
Capitalization
The company’s source of fund would be the partner’s investment. This will be through the partners’ personal savings. The company will only make necessary expansion if the fund generated by firm is to finance. The strategy is to follow the traditional and conservative way of investing. Partners will invest an amount of 1,000,000. Table _

General Partner’s Contributions
Name| Capital Investment|
Arai, Yutafe| P1,000,000|
Dimanalata, Rona| P1,000,000|
Langalen, Fatima| P1,000,000|
Lucena, Jerome| P1,000,000|
Miguel, Vanessa| P1,000,000|
Valdez, Jayvee| P1,000,000|

Organizational Structure
The organization is composed of the following: the partners being the highest in the organization followed by General Manager, Administration Staff, Operation Manager, Production Manager, and the subordinates of the business follows, including Accounting Officer, Operation/ Sales Staff, Company Driver, Delivery Man, Utility men and Security Guard.

Table _
Organizational Structure of HFI in 2013
General Manager (1)

Administrative staff (1)
Production Manager (1)
Plant Security Guard (1)
Sales Staff (6)
Company driver & delivery man (2)
Utility men (7)

Operating Manager (1)

Man power Requirements
General Manager
Job specification
Is responsible and accountable for all activities, and assumes complete responsibility for the business as necessary. The general Manager works to ensure that all activities are consistent with and supportive business plan. Job description

* 25 years old and above
* 4 year course major in management graduate
* Male or female
* 5 years experience
Administrative Staff
Job specification
Facilitate all financing operations, responsible and accountable for all financial transactions and cash collection, prepares monthly, quarterly, and yearly reports with regards to the firm’s financial standing or status. Job description

* 25 years old and above
* 4 year course major in administration graduate
* Male or female
* 5 years experience
Operation Manager
Job specification
Preparing program budgets, facilitating programs around the company, controlling the inventory, handling logistic, interviewing candidates and supervising employees. Job description
* 25 years old and above
* 4 year course major in operation graduate
* Male or female
* 5 years experience
Production Manager
Job specification
is involved with the planning, coordination and control of manufacturing processes. They ensure that goods and services are produced efficiently and that the correct amount is produced at the right cost and level of quality. Job description

* 25 years old and above
* At least 2 year course graduate
* Male or female
* 5 years experience
Security Guard
Job specification
Monitor and authorize entrance and departure of employees, visitors, and other persons to guard...
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