1
Your Last Name
Risk Report: Meriton Suites
Student Name
University
Course
Professor Name
Date
,2
Your Last Name
Table of Contents
1. Introduction and Business Overview........................................................................................4
2. Stakeholder Analysis................................................................................................................5
2.1 Stakeholder Discussion......................................................................................................................5
2.2 Stakeholder List and Diagram............................................................................................................5
3. Business Philosophy.................................................................................................................6
3.1 Business Name...................................................................................................................................6
3.2 Business Vision..................................................................................................................................6
3.3 Business Mission................................................................................................................................6
3.4 Business Organizational Chart............................................................................................................7
3.5 Business SWOT Diagram....................................................................................................................7
4. Business Risk Register..............................................................................................................8
5. Business Policy and Procedure Examples................................................................................11
6. Risk Radar Diagram...............................................................................................................11
7. Report Conclusion..................................................................................................................13
References.................................................................................................................................14
List of Figures
Figure 1. Head Office of Meriton Suites (Meriton Australia, n.d.)......................................................5
Figure 2. Business organization (“Industry leaders,” n.d.)...................................................................7
Figure 3. SWOT...................................................................................................................................8
Figure 4. Meriton Suites, Risk Radar.................................................................................................13
List of Tables
Table 1. Stakeholders' list.....................................................................................................................5
Table 2. Risk Register (top 10), Meriton Suites, total score = 65%...................................................10
Table 3. Risk rating, Meriton Suites...................................................................................................12
, 3
Your Last Name
Risk Report: Meriton Suites
Executive Summary
The report aims to assess and characterize Meriton Suites' risks that may develop throughout
business activities. A risk report will assist in understanding the business, social, political, and
economic situation and offer recommendations on risk management. The overall findings include
stakeholder analysis, business philosophy overview, business risk register, business policies and
procedures, and risk radar diagram. Such tools as risk register and templates, namely risk policy and
risk procedure examples, will help shareholders assess and evaluate current risks. Risk methodology
includes identifying significant risks, using the PESOTEL framework via the business risk register,
and adding risks specific to Meriton Suites' company. According to the risk registry, the Meriton
Suites' total risk score is 65 percent.
Based on the risk radar diagram, the most critical risks are Research & Development
(R&D), competitive landscape, environmental footprint, and training; the overall risk score is 74%.
The risk approach in assessing the business from seven risk categories using the "risk register"
excel spreadsheet included a systematic literature review, peer-evaluated papers, articles, and
governmental policies. The primary recommendation for shareholders is to invest in training to
overcome intense competition in the hotel business and provide high-quality services. Furthermore,
technological and digital advancements may improve the whole hotel experience. Personnel should
be taught about new technology regularly and informed on health and safety procedures and
legislation. The business risk score, the average of the two separate scores from the risk register
(65) and risks radar (74), equals 69.5%.
Your Last Name
Risk Report: Meriton Suites
Student Name
University
Course
Professor Name
Date
,2
Your Last Name
Table of Contents
1. Introduction and Business Overview........................................................................................4
2. Stakeholder Analysis................................................................................................................5
2.1 Stakeholder Discussion......................................................................................................................5
2.2 Stakeholder List and Diagram............................................................................................................5
3. Business Philosophy.................................................................................................................6
3.1 Business Name...................................................................................................................................6
3.2 Business Vision..................................................................................................................................6
3.3 Business Mission................................................................................................................................6
3.4 Business Organizational Chart............................................................................................................7
3.5 Business SWOT Diagram....................................................................................................................7
4. Business Risk Register..............................................................................................................8
5. Business Policy and Procedure Examples................................................................................11
6. Risk Radar Diagram...............................................................................................................11
7. Report Conclusion..................................................................................................................13
References.................................................................................................................................14
List of Figures
Figure 1. Head Office of Meriton Suites (Meriton Australia, n.d.)......................................................5
Figure 2. Business organization (“Industry leaders,” n.d.)...................................................................7
Figure 3. SWOT...................................................................................................................................8
Figure 4. Meriton Suites, Risk Radar.................................................................................................13
List of Tables
Table 1. Stakeholders' list.....................................................................................................................5
Table 2. Risk Register (top 10), Meriton Suites, total score = 65%...................................................10
Table 3. Risk rating, Meriton Suites...................................................................................................12
, 3
Your Last Name
Risk Report: Meriton Suites
Executive Summary
The report aims to assess and characterize Meriton Suites' risks that may develop throughout
business activities. A risk report will assist in understanding the business, social, political, and
economic situation and offer recommendations on risk management. The overall findings include
stakeholder analysis, business philosophy overview, business risk register, business policies and
procedures, and risk radar diagram. Such tools as risk register and templates, namely risk policy and
risk procedure examples, will help shareholders assess and evaluate current risks. Risk methodology
includes identifying significant risks, using the PESOTEL framework via the business risk register,
and adding risks specific to Meriton Suites' company. According to the risk registry, the Meriton
Suites' total risk score is 65 percent.
Based on the risk radar diagram, the most critical risks are Research & Development
(R&D), competitive landscape, environmental footprint, and training; the overall risk score is 74%.
The risk approach in assessing the business from seven risk categories using the "risk register"
excel spreadsheet included a systematic literature review, peer-evaluated papers, articles, and
governmental policies. The primary recommendation for shareholders is to invest in training to
overcome intense competition in the hotel business and provide high-quality services. Furthermore,
technological and digital advancements may improve the whole hotel experience. Personnel should
be taught about new technology regularly and informed on health and safety procedures and
legislation. The business risk score, the average of the two separate scores from the risk register
(65) and risks radar (74), equals 69.5%.
