Charlie Turner, the owner of four Charlie Family Steak House is located in a rapidly growing cosmopolitan city in eastern Texas, is going to meet with Alex Pearson, the new manager Charlie Family Steak house number 2, in the middle of December 2007. The main purpose of this meeting is to finalize the 2008 operating plan for the restaurant, and similar meetings with other managers of the restaurant. Turner decided that, due to the growth of his business, he can not continue to manage the operation, as he did when there were only one or two restaurants. Thus, it is in the process of implementing a more formal and rigorous process of planning and budgeting. The case describes the process by which Charlie Turner and Alex Pearson to reach agreement on a final work plan for the restaurant in 2008. Descriptions in the case of the detailed and thorough, and includes a base on which annual earnings forecast, as well as the basis on which each account is projected for this year. Students are asked to check all of the amounts shown in the 2008 operating plan, and then prepare a revised operating plan is based on a more pessimistic sales forecast. "Hide
on E. Richard Brownlee II Source: Darden School of Business 7 pages. Publication Date: October 21, 2004. Prod. #: UV1747-PDF-ENG
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