Risk Analysis

1366 words - 6 pages

Assignment 2: Industry and Risk Analysis
BUS 521
Strayer University
October 30, 2011

Industry and Risk Analysis
There are many risks involved in the new business venture. Entering into the business industry can be a hit or miss and having a business plan to ensure you are targeting the right audience and marketing the business to the proper market can help ensure the business stays on track.
Future Outlook and Industry Trends for the New Venture
After assessing the future outlook growth potential for bakery businesses it has shown that it is steadily rising by 1% each year. With over half of Americans loving desserts more and more of these types of businesses are ...view middle of the document...

The bakery will also provide classic baked goods such as a variety of cookies designed for the kid at heart, specialty pies for everyday needs, and flavored cakes for any particular occasion or event. Bakeries should also be able to cater to the more health conscious individuals. Taking the old fashioned flavors and developing a truly tasteful dessert without the calories and fattening ingredients are becoming more and more important in today’s society. This is important for individuals struggling with health issues as well as those that choose to be more health conscious. Sugar free snacks and pastries are also becoming more popular. Although this will not be the focus of desserts this option will be available in certain selections on the menu. Offering a selection of sugar-free cookies and cakes by using ingredients such as applesauce and certain artificial sweeteners will be provided. Weight consciousness or dietary needs can be a downer when it comes to sweets. So to include everyone the option will be available.
The initial focus will be on building clientele with classic international baked goods, but the plan is to add coffees, hot teas, milk and milkshakes to the menu. This will allow customers to come in from the weather and sit down to enjoy a sweet treat along with a complimenting beverage. The bakery will be a medium sized bakery that will include seating areas with chairs and tables, a bar area as well as outside seating to enjoy the scenery. Risk analysis is a technique to identify and assess factors that may jeopardize the success of a project or achieving a goal. This technique also helps to define preventive measures to reduce the probability of these factors occurring and identify countermeasures to successfully deal with these constraints when they develop to avert possible negative effects on the competitiveness of the company. After identifying and categorizing the risks a team or owner identifies the controls that could mitigate the risk. The decision for what controls are needed lies with the business manager. The conclusion as to what risks exists and what controls needed should be documented along with a related action or business plan for control of the initial process. Bakeries can be a hit or miss business so knowing the competition, target audience, supply/demand for the product, and knowing whether or not to incorporate new products are just a few things to consider.

Legal Concerns Related to the New Venture

There are many things to consider legally when starting a business: pricing, packaging, insurance, contracts, equipment, certifications, and multiple types of licensing and legal team. Contracts with distributors are going to be one of the most important factors. The relationships that will be built with these distributors will determine how successful the business can be because the business will depend on them for dependable...

Other Papers Like Risk Analysis

Country Risk Analysis - Turkey

2356 words - 10 pages Turkey Investment Risk Analysis Introduction Today Turkey is preserved as one of the countries that offer a solid ground for foreign investment. According to the Republic of Turkey Prime Ministry Investment Support and Promotion Agency [PMISPA] (2015), the inflow of Foreign Direct Investment [FDI] has reached 12.5 BUSD in 2014 and the amount of countries with foreign capital is constantly growing. While the biggest Turkey’s assets are

Country Risk Analysis-China

3026 words - 13 pages the world economy. Team B will perform a country risk analysis to ensure that endeavors of investing into the Chinese markets are warranted.Initial ScreeningGreater China has been one of the most dynamic areas in the world economy. With the entry of the China into the World Trade Organization, China's financial markets emerge on the frontier of economic reform and openness. Financial services also provide the most exciting foreign business

Fdi Risk Analysis of Cuba

2365 words - 10 pages Dianet Perez Garcia Politics of International Investment May 1, 2012 Foreign Direct Investment Risk Analysis on Cuba Background: Cuba is an island in the Caribbean. La Habana is the capital of Cuba and its biggest city. Cuba is not an industrialized country and it mainly consists of farms. Cuba is the largest island in the Caribbean and the most populated with a population of over 11 million people. Cuba is a totalitarian communist

Risk and Option Analysis of Proposed Venture

1117 words - 5 pages Memorandum: ------------------------------------------------- Subject : Risk and Option Analysis of Proposed Venture Introduction With reference to the company’s new announced project about exploring the meeting market of Country A, we have some points which I think would be useful to consider before undertaking the project. Background: Rephrasing the whole project definition and scope as you provided in the annual

Risk Analysis on Investment Decision: Capital Budgeting

1218 words - 5 pages of assumption. Specifically, each proposal process asks to assume future sales, future price, and future marketing costs. Thankfully, a market research report is available in the scenario. However, market research reports are as good as the parameters asked for and the company performing the analysis, if third party. The technology industry is ever-changing. In addition, SAI has international competitors each fighting for the same market share

Risk Analysis

3636 words - 15 pages empresa júnior. Esta metodologia deverá ser incorporada aos procedimentos da EJ, e melhorada conforme o monitoramento da aplicação da mesma. 4. Resultados 5.1. FMEA (Failure Mode and Effects Analysis) A FMEA utiliza o software Microsoft Excel devido ao fato de ser de fácil acesso e de simples atualização estrutural. A interface da ferramenta está apresentada na Figura 2, essa figura aborda apenas os riscos associados às entradas

A Risk Analysis for Information Security and Infrastrucure Protection

1322 words - 6 pages A Risk Analysis for Information Security and Infrastructure Protection Special Topics in Criminology and Criminal Justice Columbia Southern University January 03, 2012 A Risk Analysis for Information Security and Infrastructure Protection OBJECTIVE The sole purpose for performing a risk analysis for IT systems is to ensure businesses and or organizations, whether small or large to accomplish its

The Economic and Risk Analysis Division of the Sec

1120 words - 5 pages Nichole Schweitzer Professor Mathews ACCT 473 April 13, 2016 The Division of Economic and Risk Analysis: What Do They Do? The Division of Economic and Risk Analysis (DERA) is an integral part of the Securities Exchange Commission as it interacts with every other office and division in the SEC. In this paper, I will be discussing the role of DERA within the SEC, how it was formed, the multiple offices within DERA, and a program enacted by

Credit Risk Analysis in Standard Charter Bank

562 words - 3 pages Best Practice in Risk Management in Banks A Two-day Practical Workshop The Workshop Objective: Bank managers will understand how risks are identified, quantified in terms of their impact on earnings, monitored and managed within banks. Program participants will become better equipped to: • • • Identify and quantify the bank’s vulnerability to credit, market, liquidity, operational, regulatory and reputational risks. Understand and learn best

QASCO's Health, Safety Management, And Risk Management Analysis

2776 words - 12 pages for making the answer of the asked question clear and adequate. The aspect of health and safety management will be discussed which are used extensively by large manufacturing organizations; also in various areas of government and business as well including public health, occupational safety, hospitals, and agencies regulating these industries. Risk management and risk assessment are also part of this discussion because of the connectedness with

Less Haste, More Speed: Robust Risk-Benefit Analysis Needed

606 words - 3 pages Rapid response to BMJ letter Doctors taking a pulse using their mobile phone can spread MRSA by our CEO. The authors of a recent small study on the contamination risk associated with mobile phone usage in a clinical environment[1] should be congratulated for their contribution to the broader topic of appropriate use of mobile devices in healthcare. More studies like this are needed to develop a comprehensive understanding of the use of this

Related Essays

Risk Analysis

1218 words - 5 pages communications market yields a higher NPV than expanding Silicon Art’s current digital imaging market. Silicon Arts faces risks with both capital investment options. In some cases it may be necessary to go beyond the NPV data analysis and use a sensitivity analysis approach to analyze the impact of risk on capital budgets. The use of sensitivity analysis can help to provide further clarity to the capital budgeting process. The sensitivity analysis

Ocr Risk Analysis

3309 words - 14 pages HIPAA Security Standards: Guidance on Risk Analysis Introduction The Office for Civil Rights (OCR) is responsible for issuing annual guidance on the provisions in the HIPAA Security Rule.1 (45 C.F.R. §§ 164.302 – 318.) This series of guidances will assist organizations2 in identifying and implementing the most effective and appropriate administrative, physical, and technical safeguards to secure electronic protected health information (e

Country Risk Analysis

2181 words - 9 pages Country Risk Analysis: John D. Young MGT 448 January 16, 2010 Stephen Thomas Country Risk Analysis When entering any market, analyzing the business risks is an important process. Many sources of risk exist and responsible organization will examine every possible source in preparation for managing a variety of issues. These risk types include political, legal, and regulatory risk, exchange and repatriation of funds risk, competitive

Risk & Return Analysis

1845 words - 8 pages Risk & Return Analysis: Analyzing an equally weighted portfolio of investments in Amazon, Inc., Yahoo! Inc., and Direct TV stock compared to the S&P 500 Introduction: Every day, millions of investors spend countless hours following the stock market in the hopes of striking it rich. Making the right moves at the right moments is crucial when one looks to make large returns in the market. While luck affords many investors the opportunity