Mac Ville Risk Review Report Task 1 Vacts Report

2107 words - 9 pages

Running Head: Assessment Task 1: Risk Review
8
Assessment Task 1: Risk Review
Executive summary
This is a report that would reflect upon the different risk factors that are associated with expanding MacVille Cafe to the new Toowoomba store. The risk factors have been identified after several meetings with the current manager of the shop. The report includes an email to the stakeholders as well, and also an excerpt from the meeting with the CEO.
Introduction
As per the instructions of the CEO, the new manager went to the new Toowoomba store to gather some information about the operations and management of the existing Hurley’s cafe from the current manager of the store, James Mansfield, and the landlord of the premise, Ron Langford. It is understood that expanding and establishing a new shop needs to be planned meticulously, and this needs careful assessment of the entire scenario and properly gathering information. This report is has been made as per the CEO’s specifications that would try to give you a proper knowledge about the current functioning of the cafe and the assessment of all the risk factors that are associated with the expansion.
MacVille knows that risk management is an integral part of proper goods management. The company tries to assess, evaluate and manage its risk factors, so that they can provide the best services to their customers. In this report, risks are identified so that those risks can be dealt with in a correct and efficient manner.
Effectiveness of the MacVille Risk Management Framework
The risk management framework tries to cover a number of important elements that help the company to operate efficiently and provide the customers with the best services possible. An array of operational, financial, commercial and strategic risks are identified and tried to be dealt with in this framework.
MacVille has a very clearly defined risk management framework and the following are incorporated within it, so that most of the obstacles t6hat may arise can be identified easily and solved.
· Policies and procedures: these are to control the internal functionings of the company and to ensure that the shops run smoothly. These include policies on Human Resources (which include policies on harassment in the workplace and staff policy for travel, parental leave policy etc.), Financial prospects and Corporate Governance.
· Monthly reporting: The senior management team regularly hold meetings so that no problems go unnoticed by the authorities and prompt and effective measurements can be taken. The Board is given proper and detailed reports on these meetings so that they are kept up to date with the problems and the solutions as well.
· Business planning and budgeting: The Board of Directors make proper budgeting plans and decide on the business strategies that would best serve the company’s purposes and take the company to the desired goals.
· Risk management review: The Financial, Audit and Risk Management Committee (FARM) reports to...

Other Essays On Mac Ville Risk Review Report Task 1 - VACTS - Report

Take The Risk, Dr. Ben Carson M.D. - PCA - English 12 - Book Report

421 words - 2 pages Meshach Roman Lesson 100 1/24/2018 Critical Book Review for ‘Take the Risk: Learning to Identify, Choose, and Live with Acceptable Risk’ by Dr. Ben Carson Those who take calculated and carefully thought out risks will find success in the end . Take the Risk: Learning to Identify, Choose, and Live with Acceptable Risk is written by renowned brain surgeon, Dr. Ben Carson. It is a biography and a self-help book at the same time. The book

Debate Report 1 for the debate that we heard about debating debaters that only wanted to debate - FSU CLA2123 - Report

1440 words - 6 pages Ross Panariello CLA 2123 Debate 1 Report Pro: Roman Senator The Roman senator on the pro side started their debate by displaying Ethos. The senator lead off the debate by referencing their official position. Furthermore, there was an abundance of demonstrations of Pathos and Logos as well. For example, the senator attempted to appeal to the pride of the Roman citizens. The senator mentioned to the people that a failure to commence in war would

Summary Report 1, comparing if college is worth the cost or not - Worcester State Consumer Economics - Essay

681 words - 3 pages TJ Mulgrew Consumer Economics 2/8/19 Summary Report 1: Cost and Benefits of College One of the biggest questions in today’s economy with the rising price to attend college is will going to college be the smart thing to do? There are arguments both ways for this question, but the overwhelming statistics and evidence prove that even with the increase going to college is clearly worth it. In this paper I will attempt to prove, through data and

Literature Review Report on Internet Addiciton - University of Texas at El Paso RWS 1302 - Report

1461 words - 6 pages 1 Internet Addiction Literature Review: Internet Addiction Alexa Servin The University of Texas at El Paso Internet Addiction Internet Addiction Internet Addition is the excessive use of technology and the internet. Internet Addiction has been an ongoing conflict in the recent years. With the vast expansion of technology and its advancements it was seemingly disregarded. Not until recent years where teenagers were getting severely addicted to

Bleach Live Action Movie Review Report - Movie Class - Essay

1077 words - 5 pages movie does the good job on covering a good amount of the story in a decent pace. They chose specific scenes to be highly faithful to the anime, while finding clever ways to stitch other parts together. This movie roughly follows Ichigo through the events of season 1. For those of you who are not familiar with the anime, after the night of the attack, Ichigo wakes up and discovers everyone had their memories of the attack wiped away, believes that a

Preliminary Report About New Life Church - Composition 1 - Research Paper

840 words - 4 pages New Life Church Contemplating on a community to write about, a particular one stood out to me. New Life Church. This church was founded by Pastor Rick and Michelle Bezet February 4, 2001 in Conway, Arkansas at a shabby car dealership. There are fifty locations throughout Arkansas and one location recently opened in Florida. This community is rapidly growing to spread the love of Jesus Christ through our local cities and across the world. This non

Evaluation Of Maus Parts 1 And 2 - Toledo Technology Academy 10th grade - Book Report

608 words - 3 pages Argumentative Essay Argumentative Essay Maus Argumentative Essay Damien J Hampton Toledo Technology Academy Maus Argumentative Essay Some people feel that Art Spiegelman’s use of illustrations rather than words, was a very effective way of telling the readers about Vladek’s experiences, while others think that this wasn’t as effective as it could have been if Spiegelman would have made a movie or used pictures. Some things could be described in

Report on the Mintzberg's article in the Harvard Business Review about the fall and the rise of strategic planning

464 words - 2 pages Mintzberg provides one of the best--albeit cynical--views of planning in American organizations. His cynicism may be well directed, however, in that he presents ample evidence that most organizations and organizational planners enter into planning with little understanding of the definitions and various purposes of planning.He provides a range--from broad to narrow--of definitions for planning, including; (1) planning is future thinking; (2

Biology Grad Standard

277 words - 2 pages Biology Grad Standard In this report we are going to tell you about the life in Troy Ville, and how it relates to the life of a cell. Well the most important thing that's in Troy Ville is probably the City Hall. It contains all the info on the city and all the documentaries of every body in the town. This acts as the nucleus and chromatin. Around the town there are high mountains which serve as a cell wall. Inside of this we have

Project Management Theory And Practice

7085 words - 29 pages La Ville Contemporaine Business BayPhase 1 & 2 Infrastructure WorksSpread across an impressive area of 64 million square feet of freehold projects, Business Bay spells innovation in terms of opportunity, lifestyle, and features. Commercial and residential towers amidst landscaped gardens and a network of roads, pathways and canals are set to usher in a lifestyle of class and convenience.This ambitious development will harness Dubai Creek's

Assessment Task 2 on tuberculosis - Monash South africa - Assignment

2628 words - 11 pages . Int J Tuberc Lung Dis 2009; 3(1):39–46. Keleher, H. (2007). Health promotion principles. In H. Keleher, C. Mac Dougall & B. Murphy (Eds.) Understanding Health Promotion (pp.14- 28). South Melbourne: Oxford University Press. Kizza FN, List J, Nkwata AK, et al. Prevalence of latent tuberculosis infection and associated risk factors in an urban African setting. BMC Infectious Diseases 2015; 15:165-173. Lincoln, P., & Nutbeam, D. (2006). What is

Similar Papers

Unit 1 Business Environment Task 1,2,3 Business Btec Level 3 Report

5065 words - 21 pages Task 1, 2 and 3 ASDA Owners The owner of a business is the person who the business belongs to, ASDA is a Walmart business and Walmart is owned by hundreds or maybe even thousands of people as they are the shareholders, anyone can own as if they want to buy shares, these shareholders don’t run the business they just invest their money, ASDA is ran by a board of directors, a group of people who make the big decisions for ASDA. An owner of a

Lab Report 4 Chocolate Cookie Experiment Prevention 1 Lab Report

450 words - 2 pages Lab Experience Report Format Prevention I 111-114 AB Lab # & Title Name: Karnik Patel ( Lab 3 - Chocolate cookie experiment pH=7.0 ) Date: September 21, 2018 Objective: (1) Why are you doing this? Point form. · This

Job Satisfaction Literature Review Mba Course Report

1691 words - 7 pages Organisation: Behaviour, Structure, Processes Name and student number: Mo Tang 30121394 Course ID: BUMGT5921 Title of work being submitted: Individual Literature Review Lecturer: Dr. Senani Rajamanthri Date submitted: 10-08-2018 Word account: 1435 words Introduction In recent years, there has been growing academic interest in the concept of job satisfactions. More and more orgainasations and employees focus on why job satisfactions have sharply

Minority Report Film Review

1499 words - 6 pages Minority Report - Film ReviewWho wouldn't want to live in a world where murder didn't exist? The citizens of Washington, DC, have it in the year 2054, and it's been that way for them for six years. Law enforcement benefits from having three people with an extraordinary gift of foresight. They are called pre-cogs, and have the same names as three well-known mystery writers - Agatha, Arthur, and Dashiell. They live a very controlled life inside a