Case Study on Planning and Goal Setting
Michael Clayton is an undergraduate student at Ontario State University pursuing a Bachelor’s degree in Planning and management. Michael’s ambition has always been to open up a modern well-furnished restaurant that appeals to customers. Moreover, he plans to set up the business in a desirable location that can enable him attract more clients, charge desirable rates and employ qualified personnel who can create a good company image and create provide good payments for the workforce. Moreover, as a second year student in college, he has undergone meticulous training on conducting a feasibility test, identifying business opportunities, planning and setting the goals and objectives of the business.
Nonetheless, Michael is aware of the task ahead of him. He knows he has to carry out a prefeasibility and feasibility study, as a management student, he knows the pitfalls of his plans and he is more than willing to offset the barriers and make his goal of the restaurant business a reality. The success of any plan depends on accurate PERT and CPM analysis. These are skills which Michael is compelled to integrate within his business plans to avoid procrastination. These two analysis methods are aimed at ensuring that his project is completed at the right time and the right individuals are employed in the process of execution of the project. This is effective in minimizing delays and ensuring wastages are kept at bay.
The capital investment would have to concur with the budget and timeline to offset the possibility of the delay of the project. Michael has managed to source for finances from his business, he has been loaned $ 500,000 to aid in the process of setting up the business. Michael Clayton is faced with the challenge of setting up the restaurant in time and buying stock early enough before the loan starts generating high profit.
Case Study on Planning and Goal Setting
Michael Clayton is an undergraduate student at Ontario State University pursuing a Bachelor’s degree in Planning and management. Michael’s ambition has always been to open up a modern well-furnished restaurant that appeals to customers. Moreover, he plans to set up the business in a desirable location that can enable him attract more clients, charge desirable rates and employ qualified personnel who can create a good company image and create provide good payments for the workforce. Moreover, as a second year student in college, he has undergone meticulous training on conducting a feasibility test, identifying business opportunities, planning and setting the goals and objectives of the business.
Nonetheless, Michael is aware of the task ahead of him. He knows he has to carry out a prefeasibility and feasibility study, as a management student, he knows the pitfalls of his plans and he is more than willing to offset the barriers and make his goal of the restaurant business a reality. The success of any plan depends on accurate PERT and CPM analysis. These are skills which Michael is compelled to integrate within his business plans to avoid procrastination. These two analysis methods are aimed at ensuring that his project is completed at the right time and the right individuals are employed in the process of execution of the project. This is effective in minimizing delays and ensuring wastages are kept at bay.
The capital investment would have to concur with the budget and timeline to offset the possibility of the delay of the project. Michael has managed to source for finances from his business, he has been loaned $ 500,000 to aid in the process of setting up the business. Michael Clayton is faced with the challenge of setting up the restaurant in time and buying stock early enough before the loan starts generating high profit.