•Answers these questions: Imagine you\'re assessing a local suburban Pizzeria Gr
ID: 354885 • Letter: #
Question
•Answers these questions: Imagine you're assessing a local suburban Pizzeria
Growth Risk Assessment
1.Why should we grow
2.How will we grow
3.How much should we grow
4.How much growth can we afford
5.Do we have enough (and the right kind-skills and talent) people
6.Do our hiring and training processes position us to grow successfully (do we have these processes?)
7.Do we have adequate controls?
Financial
Operational/Quality
Risk Management
8.Because there will be risks…how will growth create risks to our
–Culture
–Customer Service/Experience
–Supply Chain-materials sourcing, pricing, and supply chain partners
–Cash flow
–Distribution and delivery
–Financial “cushion”
10.How do we mitigate/manage our risks
11.Do we have sufficient operational insight/data to understand and manage when/where risk occurs
12.Who can help us understand, measure and monitor our risks
13.Do we need to grow at a gradual pace?
Explanation / Answer
Answer:
Part -1: Introduction
It's known that, local suburban Pizzeria is the place, where the pizza had been sold, to cater the need of the local customer.
Every business has a competitor, it's important to plan and implement the growth strategy, to sustain in the market, by making good profit.
Since it's a local suburban pizzeria, the number of customer who visits, the restaurant tends to be nominal and even they can't serve for large number of customer.
In order to improvize the business, it important to assess the risk involved, which growing the business. It's good to prepare the growth strategy to counterfeit the competition.
Part -2: Why should we grow
It's important for every business to grow, inorder to sustain in the market and to make good profit. Most of the times , growth is more important, to increase the revenue of the business.
Since the market competition was high in this industry, it's good to grow the local suburban pizzeria, to sustain in the market. Without any growth, it will be difficult to generate a revenue and make huge profit.
In order to sustain in this higly competitive market, it good come up with different growth strategies, to generate revenue and increase the profits
Part -3: How will we grow
Growth can be achieved by implementing the growth strategies, which helps to increase the profit and revenue of the pizzeria.
It's good to improvize the local suburban pizzeria, to serve for large number of customer, through product and market expansion (strategies), with special pizza varities, will create a name for them, which helps to generate the revenue and increase the profit.
By implementing the market and product expansion strategies, the local suburban pizzeria , can be grown to the next level, to serve large volume of customers.
Part -4: How much should we grow
There is no limit to growth. For example, If Domino's tends to limit the growth, at the earlier stage, it might be unknow to the rest of the world.
It's much important to achieve customer satisfaction, to have a good growth. The Pizzeria can grow, as long as they provides satisfaction to the customers, with their products and services.
So increase in customer satisfaction, increases the profit and growth of the pizzeria.
Part -5: How much growth can we afford
The growth can be afford, until pizzeria cater the need of the customers, with their products and services. Moreover,it need to achieve and sustain the customer satisfaction.
Growth can be afford, only if the customer gets satisfied with our product and services.
By offering the best product and services, it possible to draw attention in the market. Even this may helps to bring the investors and sponsorers, which the pizzeria to grow or expand in the market.
This in turn helps to increase the revenue and profit of the pizzeria.
Part -6: Conclusion
Hope the above explantion, will clarify the addressed queries.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.