Muhammad Umar Shaehzad Khan
Student ID 01517
Table of Contents
Task 1 Mitigation Strategy Lowering risk of accident Food contaminated and taste Gambling Hall Dancing Floor Task 2 Customer access and exits Entrances Cash handling procedure Physical and electronic security Task 3 Monitoring Mitigation Strategies Customer access and exits Entrances Cash handling procedure Physical and electronic security Task 4 E-mail. 2 2 2 2 2 2 3 3 3 4 5 5 5 5 5 6 6
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Muhammad Umar Shaehzad Khan Student ID # 01517
Explain how effective you believe each mitigation strategy is, giving reasons for your answer.
It is a strategy devised to minimize, to the lowest level possible, any risks to an enterprise while still managing to maintain the optimum output and delivery of labor, goods, services, etc. It is very important to take in account mitigation strategy while planning in taking strategic decisions in an organization.
LOWERING RISK OF ACCIDENT
The risk of accident can be minimizing if the proper care is taken by staff and administration staff. If the staff is well trained it could save lot of money and time as well, normally organization bears 45% operating cost due to accidents which occurs lake of care and breaching safety measures. The mitigation strategy helps the management to minimize the risk of accidents and injuries amongst employee.
FOOD CONTAMINATED AND TASTE
Food is basic life ingredient; there is no compromise on health the proper is needed while preparing food. The mitigation strategy is most important while preparing food. The proper care is necessary because in hoteling business the delicious and edible food is necessity for the goodwill and attracts the customers.
There should be guard in gambling hall this strategy is help full in minimizing the disputes arising amongst the gamblers because gambling is game for money where money involve there would be 80% probability of disputes and leads to fight. These fights create bad image defame goodwill, negative impression over the customers and notorious the hotel. The machines are working properly increase the confidence and trust of gambler because the gambling is all about the smoothness and transparent.
The dancing floor is use very extensively many and gentries came there to watch live performance to avoid any injury the material of floor is non-slippery the celebrities preferred to come there for live performance and to watch as well. The availability of medical office and first aid in case of any emergency increase the confidence of viewer and attract the people of all age. There are RSA’s who are controlling beverages consumption and reviewing operation in hall this will minimize the accident due to slipping.
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Mitigation strategy is insufficient to minimize the identified risk in at least three of the above cases. Propose an alternative or additional strategy for each.
As the restaurant industry continues to grow, restaurants face increased competition. In an effort to attract new customers and maintain current customers, many establishments are offering additional services such as entertainment and catering. Theme restaurants featuring movie, sports, and music memorabilia have also gained popularity over the past few years. These changes in strategy can affect financial risk and risk to reputation. Restaurants are also faced with general economic risks such as unemployment, inflation, and changing population demographics. When people lose their jobs or face economic uncertainty, they tend to dine out less frequently Although the mitigation strategies are very useful, time and money could be saved by using these strategies but these are not assurance for the growth and smoothness of running operation of business.
CUSTOMER ACCESS AND EXITS ENTRANCES
Ensure entrances to your restaurant have adequate lighting, and...