Management Feasibility

CHAPTER IV

Management Feasibility

The management aspect in the feasibility study concerns 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 the business ownership. The management aspect implies a clear and precise identification of duties and responsibilities, flow of authority and manpower level requirements. 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.

A. Nature of the Project

The proposed business will be known as “Pizza ‘ta Bai”. It will be located at Mango Drive, Sta. Cruz, Dapitan City. It is a Pizza House which offers a Pizza richly topped to make the pizza very flavorful and deliciously great that is sure to be everyone’s favorite. The customers can buy it directly or have it by order basis.

B. Organizational Form

One of the first decisions that will have to make as a business owner is how the business should be structured. All business must adopt some legal configuration that defines the rights and liabilities of participants in the business’s ownership, control, personal liability, life span, and financial structure. This decision will have long-term implications, so you may want to consult with an accountant and attorney to help you select the form of ownership that is right for you.

In this connection, “Pizza ‘ta Bai” is a sole proprietorship business entity. The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibility for running the business. Sole proprietorships own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts. In the eyes of the law...