
To think critically about: The stakeholders in the business of a restaurant in a community.
Introduction:
The stakeholders are the individuals that have interest in the business operations. These stakeholders are mainly the investors in the company or the customers and suppliers that are affected by the profits as well as the losses of the company.

Explanation of Solution
Given information:
The assessment about the stakeholder for a new start up restaurant in a community has to be made.
Explanation:
The stakeholders that tend to show interest in the new start up of a restaurant in a community are mainly:
- The employees of the restaurant as they want job security.
- The customers as they want the food worth of its price and a good taste.
- The bank that gave the owner loan for the start up as the success of the restaurant mainly determines the loan repayment on time.
- The community in which the restaurant has to be started as they will be affected by the location of the restaurant and all their work.
Therefore, stakeholders that are expected to be interested in the start up of a restaurant are mainly the customers, the bank, community people and its employees.
Want to see more full solutions like this?
Chapter 1 Solutions
UNDERSTANDING BUSINESS ACCESS CARD
- Dubai man-made island projects Should the risk events have been identified in the beginning by practicing sound quality control? Explain why or why not with details.arrow_forwardExplain why a Dubai man-made island project manager, or any stakeholder, should include uncertainty outcomes in their risk management practices.arrow_forwardDubai man-made islands What would be your quality assurance recommendations for such projects in the future based on the project in this case?arrow_forward
- What quality management components should be considered for a project such as the Dubai man-made islands? Explain your positionarrow_forwardWhat are your risk management, quality management, contingency planning, and uncertainty recommendations for any future Dubai man-made island projects?arrow_forwardWhat are some contingency plans or actions that could have been taken by the Dubai man-made islands project managers to limit the impact of this possible risk event and other such related events the projects faced?arrow_forward
- Do you feel the past Dubai man-made island project managers follow due diligence regarding the creation of a risk management plan, assess all major risks, and develop appropriate risk responses and a plan for monitoring risks? Explain your rationale and remember, you are basing your answers solely on the results of earlier efforts. You can do research but it isn't necessary. You are using your understanding of risk management principles to provide your perspective as a project manager professional.arrow_forwardWhat project risk management processes do you think will add value to any future Dubai man-made island projects?arrow_forwardWhat are the problems/challenges faced by a CEO like Yahoo, being unable to retain usage (customer base) and overall value due to competition in the internet search engine field and the best way to implement change to overcome the company's deficiencies?arrow_forward
- Can you guys help me on this? Thank you! Here's the authentic insight for the article written by my classmate. Please give a little comment about this post. Thank you!arrow_forwardCompare and contrast the answers and make a recommendation what Susan should do that would enable her to be ethical under all four lenses?arrow_forwardHi! Can you guys help me with this? Thank you! Here's the article by Owen Tucker-Smith from Wall Street Journal: Exchage --- Why Chocolate Is Getting More Costly Please offer your authentic insights on how this article connects with global supply chain management.arrow_forward
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub


