Assesment task 2.docx - Running head Assessment Review:2 Risk Analysis and Action plan ASSESSMENT REVIEW 2 RISK ANALYSIS AND ACTION PLAN CONTENTS

Assesment task 2.docx - Running head Assessment Review:2...

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Running head: Assessment Review:2 Risk Analysis and Action plan ASSESSMENT REVIEW: 2 RISK ANALYSIS AND ACTION PLAN CONTENTS EXECUTIVE SUMMARY 2 INTRODUCTION 2 RISK ANALYSIS 2 RISK ACTION PLAN 3 RISK MATRIX 6 RISK TREATMENT 7 CONCLUSION 8
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Assessment Review:2 Risk Analysis and Action plan 2 Executive Summary: This report aims to address the associated risks that MacVille Pyt Ltd is supposed to overcome while expanding the respective concern as a chain of cafes across the core of Queensland, Brisbane. Moreover, the prescribed risks are successively supported with prudent analytical frameworks in order to identify the severity of the consequences that may pave the respective enterprise towards competitive advantage. Introduction: Macville Pvt Ltd has been able to earn a competitive advantage in the beverage market of Australia by tailoring their absolute strategy to construct a chain of cafes across The Central Business District (CBD) of Brisbane, Queensland towards existence. Moreover, the Board of Directors has expressed a desire to expand their scope of activities by introducing re-branding of their prevalent Hurley’s cafe in Toowoomba. As it is imperative to support their expanded pursuits with a prudent risk management strategy, the Store Assistant Manager and other responsible authorities have been able to discern certain (four to be specific as per the given scenario) potential sources of risks that may be taken into consideration. Risk Analysis: As per the investment statistics of MacVille’s, it is very evident that they have invested a substantial sum of $4000 as an initial investment that inherently symbolizes a risk of being burgled from the office compound overnight. However, this cause of threat can be easily resolved as it holds an accountability of minor consequences ( Block, Thurik, van der Zwan & Walter, 2013). On that note, the company can be recommended to devise a policy under which the respective authority is supposed to bring their credit at an everyday basis. Moreover, this risk can be easily resolved by insuring the overnight cash holdings of the respective enterprise. Apart from that, the authority does not excluded the possibility of physical harm of any of the subordinates (especially the cardinal designations such as Managers) from their paradigm of consideration ( Amit & Zott, 2015). As per the experiences the associates have accumulated from frequent site visits it seems, though the local customers, vendors and other subordinates enjoy an unimpeded access in the site premises, there lie potential chances of physical injury. Since the
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Assessment Review:2 Risk Analysis and Action plan 3 time-effective track towards the site appears to be laden with hindrances, (trucks impede the track quite often) and it is very likely for an accident to occur. This is why the company seeks
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