BSBRSK501 Manage Risk: Team Meeting Minutes - Australian Smart College

The document presents the team meeting minutes from Australian Smart College for the BSBRSK501 Manage Risk course. The meeting focused on a new business expansion project, specifically the establishment of retail outlets in Brisbane, Melbourne, and Sydney. Discussions covered timelines, market research indicating consumer preference for in-store experiences, and the need to renegotiate contracts with a health food chain. The Operations Manager reported on the budget, and concerns were raised regarding store management and staffing. The minutes highlight key decisions, including the CEO's outline of timelines, the Marketing team's market research findings, the Sales Manager's advice on contract renegotiation, and the Operations Manager's budget report. The Customer Service Representative inquired about potential in-store work, and the CEO mentioned new staff recruitment, with initial doubts about store management expertise. This document serves as a supporting resource for Assessment Task 2 of BSBRSK501.

This document is Team Meeting Minutes.
It is part of the supporting assessment resources for Assessment Task 2 of BSBRSK501.
Australian Smart College
7 Greenfield Parade, Bankstown NSW 2200
ABN 45 607 618 244
RTO ID: 45302 CRICOS Code: 03661E
Phone: [phone]
Website: www.ascollege.nsw.edu.au
Email: [e-mail]
Australian Smart College Pty. Ltd.
BSBRSK501- Manage risk
Student’s Resources
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V2_MAY_2019 Australian Smart College Pty. Ltd.
RTO ID: 45302 CRICOS Code: 03661E

This document is Team Meeting Minutes.
It is part of the supporting assessment resources for Assessment Task 2 of BSBRSK501.
Team meeting minutes
Date: 2-2-18
Present: All Staff
Apologies: None
Purpose of meeting: Discuss new business expansion project
Summary of key points
1. The new business expansion being the establishment of new retail outlets in
Brisbane, Melbourne and Sydney was discussed.
2. The CEO outlined the timelines, with the establishment of the retail outlets as being
commenced in June.
3. The Marketing team advised that market research conducted indicates that
consumers welcome the ability to be able to try out and buy products at the new retail
store and the planned CBD location is also suitable although they would also like
further outlets over time in suburban areas.
4. The Sales Manager advised that it would be important to discuss the planned
expansion to the health food chain as up to now the supply of products in a retail
environment had been exclusive and that this was written into the original contract.
Thus, the contract would need to be re-negotiated.
5. The Operations Manager reported on the budget that has been allocated to the
expansion. There are sufficient funds but there will be very little margin for overrun, if
any.
6. One of the Customer Service Representatives wondered if there would be any
obligation to work directly in store as he is very happy with the existing location being
the office that is part of the factory. The CEO advised that new staff would be
recruited as retail assistants. However, there was some doubt about who would
manage stores as they are very keen to have Managers who have a very strong
knowledge of the company and its products at least initially.
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V2_MAY_2019 Australian Smart College Pty. Ltd.
RTO ID: 45302 CRICOS Code: 03661E