Part 2
a. First of all, for this project I will focus on a café located in food court at Chadstone
Shopping Centre. This is a small family run business that is located in this location for
3 years, since it moved there from another place. Its core business is to serve coffee, beverages like tea or soft drinks, juices and some biscuits and desserts to customers.
The peak hours are between 08:00 to 10:00, 12:00-14:00 and 18:00-20:00. The scope of this company covers all the company and its operational aspects. Some critical success factor are customer satisfaction, which means to reduce the customer complaints and also to reduce the costs involved.
b. In this project, the internal stakeholders are the employees. Those include Helen who is the
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d. In order to inform the relevant parties and seek feedback from them, I will send the below email to them:
TO: Helen, Jack, Cindy, Cecily, Jordan, Joss
CC: John
Dear Sirs,
Please note that our café is currently undertaking a risk assessment. The scope of this process is 1. To identify any potential risk that could have a negative effect in the operations of the company and 2. to take action in order to reduce the impact of those risks. To be more specific, we will focus on how to improve customer service and how to reduce financial losses. For this reason anyone is welcome to share with us by replying in this email any associated risk that they have identified. Any feedback is welcome, no matter how insignificant it might sound.
Thank you in advance in supporting and participating in this process.
e. In order to do that and identify the risks, I used the tools of interviewing and of the checklist. To be more specific, a major risk in the coffee industry is running out of supplies. So for this issue I contacted Helen who is in charge of the supplies and asked her how many times this has happened and how this was dealt. Another risk is fire
The risks that may occur within conducting this experiment would come under the likelihood of possibility of occurring. Which would come under the medium priority of a risk between 5-9.
Neko – Paradise Café Center is to characterize the root causes of Budget risks identifying phases of the risk management process. Moreover, to evaluate risk Weather interactions and common causes. To identify alternative Contract Terms and Conditions mitigation strategies, techniques, and implements for each major risk. Neko – Paradise Café Center is to highlight and evaluate specific risk mitigation Training alternatives. Neko – Paradise Café Center is to planning communication to every project individuals for implementation of Safety outcomes.
As per PCAOB standard 12 it is our responsibility to identify internal and external risks to the business and risks that could result in material misstatement. The Newham
My senior colleague remind me to inform the sister on call regarding this critical incident which was I realized I forgot to inform the nursing supervisor on call after the shocking incident.
Schultz, Howard, and Joanne Gordon. Onward: How Starbucks Fought for Its Life Without Losing Its Soul. New York: Rodale, 2011. N. pag. Print.
Starbucks is currently the industry leader in specialty coffee. They purchased more high quality coffee beans than anyone else in the world and keep in good standings with the producers to ensure they get the best beans. Getting the best beans is only the first part, Starbucks also has a “closed loop system” that protects the beans from oxygen immediately after roasting to the time of packaging. They did this through their invention of a one-way valve which let the natural gasses escape but keeping oxygen out. This gave them the unique ability to ensure freshness and extended the shelf life to 26 weeks. Starbucks isn’t only about the coffee, it’s also about a place where people can escape to enjoy music, reflect, read, or just chat. It is a total coffee experience. The retail outlet has been responsible for much of Starbucks growth and has contributed substantially to their brand equity.
The third risk is the Federal Communication Commission regulation. Any violation with their rules would lead to big consequential losses after being closed down. Therefore, this makes up the largest risk of the three. The company should do all they can to avoid this (Allen, 2000).
A risk management plan is the program of choice for the current study because it can serve as a model through which organizations can develop patients’ safety guidelines and risk management plans. The type of risk management plans is a patient safety plan that focuses on matters of patients’ safety and associated risk management. It is necessary for the board of directors of any organization to analyze the plan before disseminating it to the staff of the organization (ECRI Institute, 2010). The patient-safety risk management plan can support the mission and vision of a healthcare facility regarding patient safety and risk management.
A risk assessment is the “process of identifying potential risks, quantifying their likelihood of occurrence, and assessing their likely impact on the project” (Wideman, 2002). This process is quite time intensive and there are many different varieties dependent on the situation. For example, the US Army uses Risk Management (RM) as a tool to analyze and dev...
These risks will have material effect on the organisation 's ability to sustain its business and operational goals and objectives.
Identify the potential risks which affect the company and manage these risks within its risk appetite;
The company recognizes that it is subject to both market and industry risks. We believe our risks are as follows, and we are addressing each as indicated.
Starbucks is an international coffee house and it was created in 1971 when they opened the first store in Seattle, Newcastle. Currently, they own 21,000 stores in 65 different countries of the world, and their passion for the great coffee, excellent service and community interaction exceeds cultures and languages (Starbucks, 2014). This company is the number 1 brand coffeehouse chain in the world due to the best roaster, marketer and seller of speciality coffee. Its main slogan: “Our mission: to inspire and nurture the human spirit – one person, one cup and one neighbourhood at a time” (Jurevicius, 2013).
Identification of the risk can simply be done by doing brainstorming with the team members. As Dr. McCarville said, there is no right or wrong answers. Every input is important and can really affect the process. Other beneficial tool is Fishbone Diagram.
Risk assessment – The company must also pay attention to risk assessment and not just focus solely on following a set of rules. A risk assessment will provide a more enhanced view of the compliance obligations and helps the organisation to prioritise. This is also a crucial element in terms of due diligence.