Venue Risk Analysis and Management for Sushi-Sushi Restaurant

Running Head: VENUE RISK ANALYSIS AND MANAGEMENT
Venue Risk Analysis and Management
Name of the Student
Name of the University
Author Note

1VENUE RISK ANALYSIS AND MANAGEMENT
Executive Summary
The aim of the report is to focus on the notion of risk and importance of risk management in an
organization. This report has chosen the Sushi – Sushi company for the venue risk analysis and
management. The object of the paper is to show the various risks a hospitality sector might come
across and how they can be dealt with proper risk management processes and techniques. A
strategic progress can bring better outcomes. After having outlined the risk ranking assessment
the paper projects the various risks the sushi – sushi restaurant faces and how they at present deal
with the hazards as much as possible. The report further recommends necessary action plan and
modifications in the way these risks can be dealt with strategically. Finally, the report concludes
by giving an overview of the entire report and highlighting the major concerns supported with a
VRA form of sushi –sushi restaurant.

2VENUE RISK ANALYSIS AND MANAGEMENT
Table of Contents
Introduction......................................................................................................................................3
The notion of Risk...........................................................................................................................3
About the Sushi – Sushi restaurant..................................................................................................6
Venue Risk Analysis of Sushi Sushi restaurant...............................................................................6
The risk ranking system...........................................................................................................7
The Venue Risk Analysis-.......................................................................................................7
Recommendation.............................................................................................................................9
Conclusion.....................................................................................................................................10
Appendix........................................................................................................................................12
References......................................................................................................................................16

3VENUE RISK ANALYSIS AND MANAGEMENT
Introduction
With the development of a n organization and any business, organizations come across
many risks coming from a variety of sources. The sources can be external such as societal,
political, environmental or economic. The internal factors on the other hand can come from the
inner lacking or gaps in the company itself. Among the internal and external factors, the bed –
bugs, workplace violence, data breach, workers’ compensation, employee theft, swimming polls,
spoilage of food resources, liquor liability and property risks are remarkable because they pose
unwanted problems for the organization and stain their reputation in the hospitality service
industry. It has been found that adopting a risk management process and implementing that in the
organization can up to greater extent mitigate the risks and tailor their service quality according
to the business and customer requirements. The present business report will define the notion of
risks and what is the use and importance of risk management systems in the hospitality
organizations. The report will further choose a hotel/motel/ restaurant to analyze the venue risk
of that organization. The chose restaurant for the present report is the Sushi- Sushi restaurant of
Melbourne and a risk management process will be practically applied conducting a risk
assessment if this restaurant.
The notion of Risk
The idea of ‘risk’ and the consequences it brings with itself influences the decision
making processes in the human lives and, in the business world and in society also. The decision
making at all levels depends on the seriousness of the risk factor and its management. The profit
opportunities in business must be evaluated keeping in terms with the subsequent risks they
engender. The problems of global, financial, political and individual risks must be resolved on