Scribd Logo
Upload

Welcome to Scribd!

  • 6 Risk and Contingencies Plans PDF

    Uploaded by

    Mary Ingrid Arellano Rabulan
    26 views1 page
    This document outlines contingencies plans for various issues that may arise for a business, along with actions to address each issue and potential risks. It identifies six possible issues: 1) earnings not meeting goals, 2) daily revenue not meeting goals, 3) unsatisfactory coffee quality, 4) inability to reduce wastage by 10%, 5) unsatisfactory staff performance, and 6) inability to reduce labor costs by 3% in a week. For each issue, it lists actions that could be taken such as reviewing performance, investigating causes, and modifying staffing. It also considers potential risks of the actions or issues, such as loss of profits, reputation damage, and increased expenses.

    Original Description:

    Original Title

    6_Risk_and_Contingencies_Plans.pdf

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document outlines contingencies plans for various issues that may arise for a business, along with actions to address each issue and potential risks. It identifies six possible issues: 1) earnings not meeting goals, 2) daily revenue not meeting goals, 3) unsatisfactory coffee quality, 4) inability to reduce wastage by 10%, 5) unsatisfactory staff performance, and 6) inability to reduce labor costs by 3% in a week. For each issue, it lists actions that could be taken such as reviewing performance, investigating causes, and modifying staffing. It also considers potential risks of the actions or issues, such as loss of profits, reputation damage, and increased expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    26 views1 page

    6 Risk and Contingencies Plans PDF

    Uploaded by

    Mary Ingrid Arellano Rabulan
    This document outlines contingencies plans for various issues that may arise for a business, along with actions to address each issue and potential risks. It identifies six possible issues: 1) earnings not meeting goals, 2) daily revenue not meeting goals, 3) unsatisfactory coffee quality, 4) inability to reduce wastage by 10%, 5) unsatisfactory staff performance, and 6) inability to reduce labor costs by 3% in a week. For each issue, it lists actions that could be taken such as reviewing performance, investigating causes, and modifying staffing. It also considers potential risks of the actions or issues, such as loss of profits, reputation damage, and increased expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Example of Contingencies Plan

    Possible issue Actions to be taken Risks/negatives to be


    considered
    1) Earning percentage not 1) Have a review and 1) Business will make less
    met the goals investigate business profits. It will be a
    performance staff cause of lost.
    meeting. 2) Business income will
    not cover
    expenditures.

    2) Daily revenue not met the 1) Have a review on a 1) Business would get too
    goal daily sale performance much express on a
    labour cost.
    2) Business will lose
    chance to make a
    profits

    3) Quality of coffee not 1) Investigate what’s 1) It will take the bad


    satisfy make quality of coffee reputation to the
    unsatisfied. business.
    4) Unable to reduce wastage 1) Have a review the 1) Business will lose a
    by 10% whole preparation chance to make more
    profits.
    5) Staffs performances are 1) Have a review. 1) It will effect to quality
    not satisfied Monitor staff of foods, bakery,
    performing during products, desserts and
    shiftwork. If there is services
    nothing better than
    staff meeting.
    6) Unable to reduce labour 1) Have a review on 1) Business would get too
    by 3% during a week roster management. much expense on a
    Hire as a part-time labour cost.
    instead of team and 2) And it will be a caused
    casual. of unprofitable.

    This study source was downloaded by 100000854848745 from CourseHero.com on 10-16-2022 03:39:54 GMT -05:00

    https://www.coursehero.com/file/44686102/6-Risk-and-Contingencies-Planspdf/
    Powered by TCPDF (www.tcpdf.org)

    You might also like