What Is Management Aspect In A Feasibility Study?
The management aspect 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. To achieve these, management must be able to plan all activities, for the company to become productive and competitive industry through human resource, financial capability and new technologies ….
1. Management Aspect – this includes a study of the officers and key personnel, basic considerations in forming the organizations, form of ownership, organizational chart, and project schedule. This is to determine the option effectiveness of the organizational setup and the qualifications of the individuals who will make up the organization. This will also determine the successful realization of the study. http://www.takdangaralin.com/management/feasibility-study-putting-up-a-new-business-or-buy-an-existing-one/
III- MANAGEMENT ASPECT
This chapter will be dealing with different process of management, organizing, staffing, directing and controlling.
Pre-operating Period - prior to the actual business operation, it is part of the process to fulfill the necessary pre-operating requirements and responsibilities such as hiring and training of persons or workers, providing different equipment and materials needed in accomplishing documents. The form of organization. The initial capital agreed upon.
Persons involved in Management
Project Schedule - Business objectives are set to be accomplished. Realization of these objectives can be obtained through proper planning and scheduling of specific business activities to be undertaken. 1. Areas of consideration: Duration
1.2 Putting up of equity
1.3.1 Pre-organizational phase (Name of co., business add., bus. goal/objectives/names and address of owners etc.) 1.3.2 Operational Phase (steps in getting permits SEC, BIR, SSS, DTI, BUS. PERMIT etc.) 1.4 Renovation
1.5 Equipment and Supplies Selection
1.6 Orders and Receipt of equipment and other supplies
1.7 Installation of equipment, machines and other supplies 1.8 Hiring and training of personnel
1.9 Start of Normal Operation
Operating Period -Form Business Ownership
Advantage and Disadvantages
Organizational Policies - Working days and time; Payment of salaries
Internal Organization - Manpower requirements/Job Analysis The success of the business depends on the performance and attitude of its personnel and employees. This part of the management aspect will discuss the following job analysis for each of the organization's personnel and employed with their corresponding qualifications. Job Title:
Position Basic Salary (Monthly and Annualy)
Position Year(2007) to (2011)
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Purpose of an Organizational Feasibility Study: To define the legal and corporate structure of the business. An Organizational Feasibility Study may also include professional background information about the founders and principals of the business and what skills they can contribute to the business. Your organizational feasibility study should include:
* Description of Your Business Structure
* Description of Your Organizational Structure
* Internal and External Principles and Practices of the Business * Professional Skills and Resumes
Description of Your Business Structure
This section contains a narrative description of the legal requirements for establishing your business and why you feel this is the right structure for your business. Discuss the pros and cons of different business structures. For example, a sole proprietorship leaves the sole proprietor open to both financial and legal liability risks. A...
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