The Wallingford bowling center
Christopher Hughes
Business Management
Professor Parks
1/25/15
The Wallingford Bowling Center
Data
12 friends put together $1,200,000 of their own money to build a $6,000,000 bowling alley.
Nearly 200,000 people live within 15 miles of the bowling alley.
The bowling alley is open 24 hours per day
27 part and full time employees
The most recent income statement shows that the business tallied up $1,844,000 in sales. After expenses, the business was left with $44,000 Net Income.
The bowling center operates at 100 percent capacity on Sunday through Thursday between 6 p.m. until midnight.
The men’s leagues combine to generate about 60 percent of total current sales.
Bowling Center operates at about 50 percent capacity on Friday and Saturday nights and on Saturday morning.
Terms
Risk- The state that exist when the probability of success is less than 100 percent and losses may occur.
Conflict- opposing pressures from different sources, occurring on the level of psychological conflict or of conflict between individuals or groups.
Custom made solutions- new, creative solutions designed specifically for the problem.
Maximizing- A decision realizing the best possible outcome.
Vigilance- A process in which a decision maker carefully executes all stages of decision making.
Groupthink- A phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus.
Brainstorming- A process in which group members generate as many ideas about a problem as they can; criticism is withheld until all ideas have been proposed.
Summary Twelve lifelong friends made a business plan to open up a bowling alley near Norfolk, Virginia. They used $1,200,000 of their personal money to create a 6 million dollar bowling center. Two of the investors became employees at the bowling center. One investor became a fulltime general manager and the other investor became a part time controller. The bowling center consists of 48 lanes, a full service bar, a small
Business Management
Professor Parks
1/25/15
The Wallingford Bowling Center
Data
12 friends put together $1,200,000 of their own money to build a $6,000,000 bowling alley.
Nearly 200,000 people live within 15 miles of the bowling alley.
The bowling alley is open 24 hours per day
27 part and full time employees
The most recent income statement shows that the business tallied up $1,844,000 in sales. After expenses, the business was left with $44,000 Net Income.
The bowling center operates at 100 percent capacity on Sunday through Thursday between 6 p.m. until midnight.
The men’s leagues combine to generate about 60 percent of total current sales.
Bowling Center operates at about 50 percent capacity on Friday and Saturday nights and on Saturday morning.
Terms
Risk- The state that exist when the probability of success is less than 100 percent and losses may occur.
Conflict- opposing pressures from different sources, occurring on the level of psychological conflict or of conflict between individuals or groups.
Custom made solutions- new, creative solutions designed specifically for the problem.
Maximizing- A decision realizing the best possible outcome.
Vigilance- A process in which a decision maker carefully executes all stages of decision making.
Groupthink- A phenomenon that occurs in decision making when group members avoid disagreement as they strive for consensus.
Brainstorming- A process in which group members generate as many ideas about a problem as they can; criticism is withheld until all ideas have been proposed.
Summary Twelve lifelong friends made a business plan to open up a bowling alley near Norfolk, Virginia. They used $1,200,000 of their personal money to create a 6 million dollar bowling center. Two of the investors became employees at the bowling center. One investor became a fulltime general manager and the other investor became a part time controller. The bowling center consists of 48 lanes, a full service bar, a small