Principles of Management

Topics: Management, Peter Drucker, Management by objectives Pages: 3 (505 words) Published: February 15, 2013
Colbourne College

BA 103 Principles of Management
Value: 30% of course grade

Due Date: March 15, 2013

You and your partners have decided to open a large full-service restaurant in your local community; it will be open from 7 a.m. to 10 p.m. to serve breakfast, lunch and dinner. Each of you will be investing JA$1,000,000 in the venture, and together you have secured a bank loan of JA$3,000,000 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.


You are required to create a name for your business and give a profile of your partners before proceeding with the project.

You are required to review no less than ten literatures including textbooks, articles, newspapers and websites. These must be accurately referenced both in the in-text citations and in the Reference Page using APA style of documentation. Do the following:

|Task |Description |Score | |1. |Develop a managerial hierarchy. Decide what each partner’s role in the restaurant will be, for example, who will be | | | |responsible for the necessary departments and specific activities? |10 | |2. |There are fourteen (14) Principles of Management described by Henri Fayol. Outline clearly how at least ten (10) of | | | |these fundamental truths could be applied to the business you have established. |20 | | | | | |3. |Outline the most...
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