Risk Management in MacVille Pty Ltd: Scope, Goals, Stakeholders, Analysis, Research, and Description

This report discusses the risk management practices in MacVille Pty Ltd, including the scope, goals, stakeholders, analysis, research, and description. It highlights the importance of risk management in achieving success and growth.

Assessment 3: Monitoring
report

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
a) Scope.......................................................................................................................................1
b) Goals.......................................................................................................................................1
c) Stakeholders............................................................................................................................2
d) Analysis..................................................................................................................................3
e) Research..................................................................................................................................4
f) Describe...................................................................................................................................4
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Risk management is basically used to promote and advance working capabilities through
which evaluation and prioritising of different risk is associated with balanced level of
coordination. It is processed with the basic application of reduction of wastage as by effective
utilisation of resources, controlling of various unfortunate events that assist to realise about
different opportunities in timely constrained (McShane, 2018). The report below is dependent on
MacVille pty ltd that developed its cafe chain within Australian beverage market. The report
consist of scope, goals, stakeholder, analysis, research and description that is processed in
support of risk management.
MAIN BODY
a) Scope
Macville has worked with the clear vision to advance its scope as with this they are able
to expand their working and cafe at different locations as by maintaining a chain. For this
company get target Central business District, of Brisbane, CBD of Sydney, NSW and
Queensland. In this the board of directors has taken a decision to expand its working operations
within Queensland so as to purchase and re-branding existing cafe named as Hurley's in
TooWoomba which is 130Km west of Brisbane. For this risk management is induced as per
specification and identification of various legislation, regulation, physical damage, loss of brand
image and reputation and failure from loop holes.
b) Goals
It is developed and designed by MacVille as per consideration of future success and
development through which positive change is induced as per necessity and requirement. It assist
the business to get over from risk management as by achieving standardised outcome within the
respected period of instance (Amirshenava, and Osanloo, 2018). MacVille is usually working for
to expand its market chain through which they are able to collect market awareness along with
gathering of potential customer base. In this business make ensure to advance overall success
and growth under which ability to induce long term success and development is attained over
regular period of instance. It is also be related to respective objectives in which MacVille worked
to attain several benefits from competitive marketplace and for this develop accurate strategies in
timely frame.
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c) Stakeholders
These are those who has reflect better interest of them towards advancement of working
and its efficiency of business in adequate manner. MacVille also have different stakeholders that
is as briefly explained below as:
Stakeholders Internal/external Role in process Stake in process
Senior
management
team
Internal The senior manager and its team has
played an essential role as they have taken
different decisions on the basis of various
strategies and initiative through which risk
credibility is processed with adequateness.
In this all the different areas of project and
its completion is considered by which
adequate information is processed as in
timely frame.
High
Director Internal The director general has considered
specified instruction that is passed by
them and followed by all the employee's
and with this overall working standards
and its expectations is managed in clear
manner (Mogos, Fredriksson and Alfnes,
2019). They have settled down different
decision which is designed in favoured of
business growth and its advancement.
High
Employees Internal The employee's are always been
considered as backbone of business as
they are the individual's who get
performed different functions on timely
manner as with this overall working
performance and its productivity get
enhanced in clear mode. The working
Medium
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capabilities and its effectiveness advance
rate of accomplishment of sustained
objectives and goals in better manner.
Ron langford External He is a local councillor who has offered
better assistance to Toowoomba under
which correspondence outcome is resultant
in accurate manner. It assist the business to
attain long term cafe chain by which long
term sustainability is attained with
adequateness.
Medium
d) Analysis
PEST: It is an analysis that provide specified detailing about external factors that has
direct impact over performance and productivity of business and it is as briefly explained below
as:
Political It is a factor that is based on government rules and regulations and within this
Australian governance design different rules those are in favoured for the health
and safety of public. For this MacVille ensure to maintain all the relative
hygiene under which ability to attract more people is advance.
Economic It is related to economical aspects such as taxation policy, interest and
exchange rate and many others as well. For this business ensure to control
investment and its return and with this price rating is advanced in terms of
higher revenue (Cunha, Ceryno and Leiras, 2019).
Social It is related to advancement of cultural aspect and its improvement and for this
MacVille ensure to offer favourable dish and cuisine to public so that they get
connect with more of customers in constant basis.
Technological It is dependent on technological improvement and for this MacVille ensure to
make adequate usage of modernised machinery and equipments that make it
easy for management to advance working quality.
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SWOT analysis: It is an analysis that is dependent on internal factors as with this overall
performance and productivity is programmed in direct manner which is as furthermore explained
below as:
Strength MacVille has a wider quality aspect and within this they have offered
standardised products and services to the customers that helps to them to
enhance its sustainability in better mode.
Weaknesses The company needs to provide adequate training to the employees as with this
company needs to be develop financial planning systematically.
Opportunities It is related to the belief that is gained by which cafe and its chain induce better
opportunity for business through which long term success is achieved in timely
basis (Rana, Wickramasinghe and Bracci, 2019).
Threat The adoption of business and its legislation is always been required to follow
and along with this market competition is biggest threat that reduce profit share
and awareness.
e) Research
It has been analysed from the above research that MacVille has intended to expand its
cafe and chain within Australian beverage business. In this business has acquired and re-
branding of Hurley's cafe. In this business has appoint risk manager that help to induce better
access to manage and attain associated risk in timely constraint. In this Ron Langford who is a
counsellor help to processed with legalities and it also assist to get over from legal formalities in
easiest manner.
f) Describe
As per concern of above analysis, it is estimated that organisation has faced various risk
that is related of functional and operational mode (Oliveira and et. al., 2019). In this business get
planned to advance its cafe and stores through which financial application is recorded and
controlled systematically. Through this wider and positive impact over sales and profit
enhancement is increases in detailed basis.
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CONCLUSION
It has been concluded from the above report that risk management is always plays an
essential role within the achievement of standardised success and growth. In this business has to
control and manage different undesirable events that has direct impact over company
performance and development in successful manner. For this scope, goals and stakeholder plays
vital role as they have induce direct base contribution with perfection. In addition to this
adequate literature is collected that is suitable to risk and its management with better relevancy.
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REFERENCES
Books and Journals
Amirshenava, S. and Osanloo, M., 2018. Mine closure risk management: an integration of 3D
risk model and MCDM techniques. Journal of cleaner production, 184, pp.389-401.
Cunha, L., Ceryno, P. and Leiras, A., 2019. Social supply chain risk management: A taxonomy, a
framework and a research agenda. Journal of Cleaner Production, 220, pp.1101-1110.
McShane, M., 2018. Enterprise risk management: history and a design science proposal. The
Journal of Risk Finance.
Mogos, M.F., Fredriksson, A. and Alfnes, E., 2019. A production transfer procedure based on
risk management principles. Journal of Global Operations and Strategic Sourcing.
Oliveira, and.et.al 2019. The role of simulation and optimization methods in supply chain risk
management: Performance and review standpoints. Simulation Modelling Practice and
Theory, 92, pp.17-44.
Rana, T., Wickramasinghe, D. and Bracci, E., 2019. New development: Integrating risk
management in management control systems—lessons for public sector
managers. Public Money & Management, 39(2), pp.148-151.
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