As part owner of a new furniture manufacturing company in Montreal, Quebec, you have many managerial decisions to make regarding the operations of your new venture.



[b]Business Description[/b]



You have purchased a 30,000 square foot warehouse and manufacturing facility that will be used to produce high-end furniture for the Canadian and US market. The facility is arranged in such a way that there is a 5,000 square foot storage area in the north corner, 20,000 square feet of manufacturing space, and 5,000 square feet for offices of the executive and managers.



Also, there is a lumberyard behind the building where lumber and other components can be stored during the summer months.



[b]Staff[/b]



After months of recruitment, interviews, and employee screening you have hired the entire staff for your new business. The management team consists of a CFO (Chief Financial Officer), a Marketing VP, a Human Resources Manager, and a Productions Manager. On top of this, you have hired three Productions Assistant Managers (one for each shift of the day).



Production employees and several administrative staff combine for 62 additional employees.



[b]Task[/b]



Your main concern at this point is for your facility to be up and running efficiently as soon as possible. Using the 6 managerial theories that we have studied please complete the following to help you in your task:



1. Identify 1 theory that could especially help you manage your business. (1)



2. Tell who developed that theory. (1)



3. State the main point of this theory. (1)



4. Explain how that theory could be applied specifically to your business. Please use examples from the given details in the case and develop your answer so that it is obvious how the chosen theory applies and how it will benefit your success. (7)