Risk Management for MacVille Cafe

RISK MANAGEMENT
NAME OF THE STUDENT:
NAME OF THE UNIVERSITY:

INTRODUCTION
 The documents of MacVille Proprietary Limited would reveal that the café
company is based in Queensland, Australia.
 The documentation of the firm would show that the coffee restaurant is planning to
expand and looking forward to expand its business within Queensland.
 The management of the MacVille is looking forward to take over and rebrand the
Hurley’s Café in Toowoomba.
 It can be inferred from this acquisition of the Hurley’s Café by the MacVille that
the balance sheet of the latter would these acquisitions as a part of its assets.
 The café has been operating successfully in Queensland which infers it follows the
laws laid down by the Government of Australia and Government of Queensland.
 It can be inferred from the present state of the company that it complies with the
laws like licensing laid down by the Food Authority of Australia
(foodauthority.nsw.gov.au, 2018).

RISK MANAGEMENT FRAMEWORK
 The risk management framework of the MacVille Café shows that the apex
management of the company lays great emphasis on management and
mitigation of risk, if total prevention is not feasible.
 The risk management framework of the firm was in line with the risk
management framework laid down by AS/NZS ISO 31000:2009.
 The AS/NZS ISO 31000:2009 provides generic guidelines and principles
for the companies to follow while operating.
 However, the principles and guide lines of AS/NZS ISO 31000:2009 are not
legally binding on the companies.

PEST ANALYSIS
 Political- Australia has strict laws regarding the utilization of water. This
implies the excessive amount of water being treated by the organization.
The Federal Government of Australia has ensured the implementation of
stricter rules to utilize water in a sustainable way (Bromiley et al. 2015).
 Social- The changing preferences and the choices of the customers of the
company have been mainly because of the health concerns. Health concerns
has now transformed into one of the most key aspects that determines the
level of success and the sustainability of the organization.