Managerial Aspect free essay sample

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  Ã¢â‚¬â€œ 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/ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 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. 1Feasibility Study 1. 2 Putting up of equity 1. 3 Registration 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 organizations personnel and  employed  with their corresponding qualifications. Job Title: Job Description: Job Specification: Compensation Scheme Position Basic Salary (Monthly and Annualy) Projected Compensation Position Year(2007) to (2011) Gannt Chart http://gsitsu-pom. blogspot. com/2007/11/feasibility-format. html †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. (di ko alam kung kasama ito, pero pde na din dba? U) 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 high-risk business should never be set up as a sole proprietorship because it will make it difficult to attract investors as well as clients and customers. It is also the hardest and most expensive form of business to insure. If you wish to become a tax-exempt organization, you will need to incorporate, file for tax exemption with the IRS (and, in some cases, within your own state), and set up a board of directors and officers of the corporation. You will also need to decide if your organization should be a membership, or non-membership organization. Organizational Structure Discuss your business’ organizational structure. One of the best ways to present this information is with an  organizational chart. An organizational chart shows the hierarchy, or chain of command in your business. It lists key positions and subordinate positions under department heads, supervisors, and managers. Principles and Practices of the Business Every business should have a published code of ethics and principals that govern how the company conducts its business. In this section, include both internal and external principals of operations. Internal Operations Business Principles and Practices * Businesses that are incorporated must have a board of directors. Do you have a conflict of interest policy in place? Will you use â€Å"Robert’s Rules† for conducting meetings? * Do you offer services where clients need to be screened for eligibility for financial aid, social services, or are there other pre-requisite requirements such being a senior citizen, minority, or disabled? * Do you have hiring and employee training and management practices in place? * Do you have an overall corporate philosophy that inspires, encourages, or offers incentives to employees? * Do you have an anti-discrimination policy in place? External Business Practices and Principles Do you have a customer policy or philosophy? Examples of client/customer philosophies include: * We do not serve clients; we team with clients to meet their goals. * We value creativity and imagination and use these to our client’s advantage. * Our employees maintain high ethical standards that reflect on how we treat our clients. Professional Skills and Resumes A business’ strengths come from the talent, skills, and experience of those running the company. In this section, you give a brief overview of all founders, employees, and partners involved in the business that will be contributing their skills and input into how the business is operated. You should also include any board members, directors, and officers. Include in your list of principals (most important people in your business or organization), a brief overview of how their particular skills will serve the business. You can also include accomplishments that relate to the business. It is also beneficial to attach resumes for at least the top three principals listed. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Management Aspect Feasibility Study for Snack Stand The central idea of management is to make every action or decision help achieve a careful chosen goal. The word management is also used to mean the group of persons called executives who perform management activities. Objectives 1. To keep the subordinates be alert to what is expected to them. 2. To know the duties and responsibilities of each member and personnel. 3. To know different strategies to be able to achieve the company’s goal. Description of Activities 1. DTI Permit Application The business name of GF Snack Stand should be register with the Department of Trade and Industry. It would take only four days to five days before the permit is receive. If there as no other name of its type. Three (3) different name should be apply so when one is approved, so they can use other applied business name (see appendix) 2. Rental Space The project business will be located at Bataan terminal at 2nd floor Ibayo, Balanga City, Bataan. The application will only about three to four weeks before it is approved. 3. Mayor’s Permit The Mayor’s Permit application will acquire the submission of the following: a. SSS Clearance Permit b. Sanitary Permit c. DTI 4. TAN (Tax Account Number) The project business will be registered at the Bureau of Internal Revenue District Office No. (1020) located at Capitol drive, San Jose, Balanga City. The following forms should be accomplished with necessary attachments. BIR FORM No. Attachment Required, Mayor’s Permit and DTI Permit 5. Buying of machineries and equipment Involves the acquisition of the necessary machinery and equipment in the food snack as mentioned in technical aspect. 6. Promotion Includes advertising and personal selling partnership in a variety of promotional activities to inform customer about products and service and to encourage them to buy. 7. Start of Operation After securing all the necessary permits and other needed materials. The said will be now ready to operate. C. Organizational Structure Through GF Snack Stand is just a simple business, the organization structure will have a simple flow. It is not as complicated as big ventures. Over – All manager / Cashier Cook 1, Cook 2 Utility Man 1, Utility Man 2 D. Personnel Structure The GF Snack Stand is required to have the members of personnel and service crew. Staff – Over all Manager – 1 Cashier – 1 Cook – 2 Utility Man – 2 E. Duties and Responsibities 1. Over-all Manager / Cashier   Ã‚     Supervise the overall operation of the business   Ã‚     Computer the total amount of the purchased item   Ã‚     Assist the customers 2. Cook 1   Ã‚     Prepares the necessary ingredients   Ã‚     Cooks the items/products 3. Cook 2   Ã‚     Prepares the necessary ingredients   Ã‚     Cooks the item/products 4. Utility Man 1   Ã‚     In charge of cleaning the workplace   Ã‚     Delivers items within the vicinity   Ã‚     In charge of buying raw materials f rom suppliers   Ã‚     In charge of the inventory 5. Utility Man 2   Ã‚     In charge of cleaning the workplace   Ã‚     Delivers items within the vicinity   Ã‚     In charge of buying raw materials from the suppliers   Ã‚     In charge of the inventory Excerpt from Management Project by Arde R. Reyes †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Feasibility Study Outline for New Manufacturing Project There is a saying, hindsight is 20-20. Smart business people, however, do not rely on hindsight but on foresight. A feasibility study is more of a scientific foresight, a way of reducing guessing as to what things should be considered. The following is an outline of a feasibility study based on new manufacturing business. There are hundreds of variations of a feasibility study but this is good because it is applicable to big and small businesses, either domestic and international. C. Management Aspects 1. Management during the pre-operating period a. Project originators b. Project promoters; managers c. Firms or persons involved or to be involved in marketing, ngineering and other studies d. Management during construction period 2. Management during the operating period a. Type of business organization (partnership, corporation) and reason for the choice b. Internal organization 1) Statement of functions of each unit 2) Organization chart c. Owners citizenship of owners, and percentage of their respective holdings d. Man agement personnel (from the members of the board of directors to the department or section managers) 1) Duties and time to be devoted to project 2) Requirements 3) Recruitment 4) Compensation 5) Staffing qualifications, education, history e. Labor 1) Skills required ) Number required for each skill 3) Sources of labor force for each type of skill 4) Recruitment program 5) Labor training program 6) Compensation a) prevailing rates b) Legal rates c) Rates intended for the project starting rates and provisions for annual increases 7) Facilities for laborers (housing, transportations, medical and dental care, recreation and other fringe benefits) 8) Effect of labor laws on the above items f. General managers if any arrangements and fees g. Professional firms to be hired law, accounting, engineering, etc. http://www. pinoydirectory. com/articles/feasibility-study. php †¦Ã¢â‚¬ ¦ Sample of Management Study January 8, 2009, 8:48 am Excerpt from the proposed telephone industry business. Management study includes the planning, organizing, staffing and directing of the project. Also it includes the external activities in starting the business. The means and procedure are undertaken before the operation of the business. The form of management is indicated identifying each of management and each personnel. The role and duties of each personnel is clearly defined, as well as practice and develop skills learned from this project Management Analysis Our business covers a system of services that can be determined in large scales. A corporation owns the ETHECOM. This kind of business has a very large management. The management and operation of the business are determined and constructed by the joint-forces and capabilities of the corporate members and staffs. Organization Chart ETHELCOM provides its organizational line chart, compose of personnel deployed within the business. Registration of business The registration of business is an act that is provided by the constitution. It is very important and must be implemented in order for the business to be legal and to perform well and freely. The following are the steps for registering a business in the Philippines. . Prepare the article of partnership/corporation. 2. Registration of the business name with the Bureau of Domestic Trade and Industry. 3. Apply the registration of the partnership with the Securities and Exchange Commission. 4. Get the necessary permit from the office of the mayor and license to operate from the treasure of the city of municipality whe re the business will be located. 5. Secure a tax identification from the Bureau of Internal Revenue and a file VAT or Not-VAT permit. Hiring Personnel The following are the qualification for the interested job seekers. Electronics and Communication Engineer   Ã‚     Preferably Male, 22-30 yrs. ld   Ã‚     Licensed   Ã‚     At least 5 years of experience Technician   Ã‚     Preferably Male, 22-30 yrs. Old   Ã‚     BSECE or Electronics/ Electrical graduate   Ã‚     At least 3 years of experience in the related field Sales   Ã‚     Male or Female, 21-30 yrs. old   Ã‚     High School Graduate   Ã‚     With pleasing personality Job Description and Responsibilities President   Ã‚     Responsible in making final decision for every undertaking the business may encounter.   Ã‚     Administer over all activities and for sees projects, forecast, and solve problems. Manager (Stockholders)   Ã‚     To assist the President and his duties and respons ibilities.   Ã‚     Must be responsible in assigning different task of each personnel.   Ã‚     Responsible for preparing financial statement of the business. Purchasing Personnel   Ã‚     Responsible for good quality of purchased products   Ã‚     Responsible for purchasing low cost of product   Ã‚     Responsible for scheduling of purchased product Technicians   Ã‚     Responsible for repairing, servicing and installation Sales Personnel   Ã‚     Responsible for the sales of product, operational reliability of services and provides customer care. http://sampleproposal. net/tag/management-study/ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Management Aspect (example) The product shall be pre-operated eight (8) months before the start of the operation. Partnership shall be the type of business organization, and shall be composed of five (5) partners. The organizational set up shall be in a line function. The business shall have an initial capital of Php 625,000 and Php350,000. The business shall be loaned from DBP. The General Manager shall be the head of the organization. Under him is the Plant Manager who shall be responsible on the production area, and has the overall control on the company personnel, marketing of the product and even the allocation of budget for the company. Along with him is a Secretary. Under the Plant Supervisor is the Human Resource Personnel; under him are the Utility Man/Driver, Security Guard, and Janitor/Messenger. Next is the Quality Control, under him is the Sewer, Machine Operator, Packager and Stockman. Next is the Marketing and Sales Personnel, under him is the Purchaser   Finally, the Finance Personnel, next to him is the Accountant, who shall be classified as retainer, because he shall render service only once every end of the month. The required personnel shall come from nearby places of the plant and within Tarlac. As soon as the business normally operates, all benefits are to be given to all employees. The company shall hire additional workers after six (6) years of operation, based on the forecasted increase of plant capacity. They are to be paid at a minimum starting salary and shall also increase to 10% annually. http://sampleproposal. net/category/sample-feasibility-study/