Risk Management in Restaurant Business during Covid-19 crisis. : Case study for a small Asian restaurant (X) in a medium-sized town in Uusimaa, Southern Finland.
Pandey, Arjun (2021)
Pandey, Arjun
2021
All rights reserved. This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2021052812271
https://urn.fi/URN:NBN:fi:amk-2021052812271
Tiivistelmä
This thesis’s objective is to understand risk, risk management plan, and process for the small business-like restaurant through different literature review. The thesis aims to find out the effects of COVID-19 and the importance of risk management in small businesses during times of crisis like Covid-19 by doing a case study on a small Asian restaurant in a medium- sized town in Uusimaa. This case-based thesis can be used by the owner of restaurants where is a case study is done as well as other similar size restaurants to handle the risk and have better survival strategy, financial performance, and period of recovery more successful.
The thesis examines the theories of successful implementation of Risk management as well as main points and trends in risk management planning. The thesis's advantageous quality is that it is written in real-time during the pandemic and relies on the experience of the restaurant, grocery business, and their management opinion and view on risk management. The author has added his own experience of risk management from his work experience. The research will be conducted to come up with a Risk management plan that is reliable and practical for the case study company 'X' during a crisis like COVID -19. The method going to use by the author in this thesis is a qualitative method, which includes primary data collection through interviews of a restaurant, grocery store, and author's own work experience on a large fast-food restaurant chain. Then secondary data would be collected through literature reviewing existing literature on risk management, risk assessment process, risk management strategy, articles, research paper, and various internet resources on the subject.
The thesis examines the theories of successful implementation of Risk management as well as main points and trends in risk management planning. The thesis's advantageous quality is that it is written in real-time during the pandemic and relies on the experience of the restaurant, grocery business, and their management opinion and view on risk management. The author has added his own experience of risk management from his work experience. The research will be conducted to come up with a Risk management plan that is reliable and practical for the case study company 'X' during a crisis like COVID -19. The method going to use by the author in this thesis is a qualitative method, which includes primary data collection through interviews of a restaurant, grocery store, and author's own work experience on a large fast-food restaurant chain. Then secondary data would be collected through literature reviewing existing literature on risk management, risk assessment process, risk management strategy, articles, research paper, and various internet resources on the subject.