Investigating the Internal Factors of Organization

Question: Describe about the Investigating the Internal Factors of Organization. Answer: Organizational and Management for Australia Fare are as follows:- Organization- According to Paul, he needs a staff of eight people. The staff needs to be hired will include a front house manager, two chefs, and five waiting staff. For hiring process, Paul will personally select candidates as per the requirements of the restaurant. Australia Fare is a restaurant that serves authentic Australian food. Thus, it is necessary that the hired staffs, especially the chefs are well-aware of the cuisine. An effective interview process needs to be designed to staff the restaurant with efficient and dedicated people for each position. Each candidate will be evaluated and rated according to the pre-designed and defined set of standards. Checking of background and references provided by the candidates will be done to check the authenticity of the applicant. Recruitment efforts will move around the referrals (Aminzadeh Adibpour, 2016). Management- Australia Fare is owned by Paul. He has a lot of experience as he has worked in the variety of hospitality venues all around the Australia. This has given him a lot of ideas, understanding, and knowledge of Australian cuisine and other cuisines influenced by it. This is the reason that he selected to serve Australian cuisine in his restaurant. His knowledge makes him the best person to take over as General Manager of the restaurant. Another person will be hired as the staff house manager who will have the experience of running a restaurant with the similar capacity and holds a good record of serving in hospitality field (Binder, 2016). Environmental and Social Impacts Environmental impact- Knowing the environmental factors and their impacts are very important. It includes the external and internal factors that affect an organization. To assess the impact of the external factors all the factors like government rules, legislation, competition, food trends etc. need to be analyzed. Though external factors cannot be controlled wholly, still some steps could be taken to minimize their effects. For internal environmental factors, SWOT Analysis will help Paul in the best way. It will be telling the positives of the restaurant that is the strengths and opportunities and negatives of the restaurant by the threats and weaknesses. Working on weaknesses and threats will improve the working and profitability of the restaurant. Opportunities can be use for the benefit of the restaurant (Greenberg, 2014). Social impact- each country has their unique socio-culture. It is important to follow that to achieve success. Here Paul is opening a restaurant that displays the food culture of a country. It becomes very important that everything about the social and cultural activities of Australia is known by Paul and other staff-members of the restaurant. Analysis of the culture and social life of Australian people and communities will help in achieving success and serving the authenticity in the restaurant. Though Paul is well-aware of the culture of Australia as he has worked in many parts of Australia, it is important to learn whatever one can find about the local community and their life and culture (Fedosova, 2015). Risk Factors and Regulatory Compliance Risk Factors The factors that can prove negative for the functioning of the restaurant and needs to be considered beforehand are as follows:- Inadequate Funds- there is a lot of difference in the planning and the practicality. The budget decided for the project may vary from the plans, due to various expected or unexpected reasons. Also, it is not necessary that the restaurant starts earning profit from day one. It may have to struggle even to get the expenses covered. Thus, it becomes necessary to have adequate funding for several months ahead (Huang, 2010). Demanding workload- opening a restaurant is a demanding job. One has to work through day and night to make a dream come true. The demanding workload may lead to demoralization, which affects the working of the person. Location- getting a perfect place for a restaurant is very important, because it may act as a major risk especially in the hospitality business (Kaplan, 2006). Regulatory Compliance The rules and regulations need to follow while running and opening a restaurant are as follows:- Zoning- It is very important for the restaurant owner to find out the legal obligations need to be filled for a particular zone while opening restaurants. There are many zones like a commercial, residential, official, etc. each zone has its unique legal requirements. It is important to find out the legal obligations required to fill out of the zone where Australia Fare is opening. Licensing- For selling food one has to get the license to do so and also keep a check on the quality and grade of food he is serving (Kavanagh, 2014). Corporate Governance The rule, practices, processes, and system by which a company is controlled and directed is known a Corporate Governance. It involves the interest of stakeholders which includes the management, customers, financiers, government, and community. In the case of Pauls restaurant the corporate governing body will be Paul himself. He will act as the corporate body that will set the goals for the company for the benefit of all the stakeholders (Polit, 2012). He will be encompassing every sphere of management required to run the restaurant. He will be making all the action plans and implement them. If he has hired help to look after the process, then he can make him implement the plan decided by him is best for the restaurant. The measurement of the performance of the help, the implementation of the plan, and the disclosure of the corporation are to be done by Paul. It will be Pauls decision to handover some of his duties to his staff members. This will help him to look after each aspect of the company (Roessner, 2014). Here governance refers to the set of controls, policies, rules and regulations that are put in place to maintain the corporate behavior. All the stakeholders affect the governance of an organization. The major role in governance and decision were taken in governance is played by the board of directors, which in this case is Paul (Tiwari Winters, 2016). References Aminzadeh, S. Adibpour, M. (2016). Investigating the Internal Factors of Organization Affecting the Banks Risk.IOSR Journal Of Economics And Finance,07(04), 115-120. Binder, C. (2016). Integrating Organizational-Cultural Values With Performance Management.Journal Of Organizational Behavior Management,36(2-3), 185-201. Fedosova, R. (2015). Assessment of risk factors affecting on the stability on the organization.Effective Crisis Management, (6), 100. Greenberg, M. (2014). Serialization: Benefits Beyond Regulatory Compliance.Therapeutic Innovation Regulatory Science,48(6), NP22-NP27. Huang, C. (2010). Corporate governance, corporate social responsibility and corporate performance.Journal Of Management Organization,16(05), 641-655. Kaplan, R. (2006). How to implement a new strategy without disrupting your organization.Strategic Direction,22(8). Kavanagh, D. (2014). Talking Organization.Organization Management Journal,11(1), 3-3. https://dx.doi.org/10.1080/15416518.2014.907731 Polit, S. (2012). The Organizational Impacts of Managing Social Marketing Interventions.Social Marketing Quarterly,18(2), 124-134. Roessner, U. (2014). 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