Strategic Management for Competitive Advantage

Assignment Task

This assignment is designed to gather evidence as to how you prepare and monitor budgets, not just the theory, but how you do it on a practical level in your particular workplace.
This assignment will form part of the assessment for this subject and must be completed with an original and professional manner. This unit is a management unit and as such the assignment must be presented in a manner that would be expected of a person in a management position. You will need to go into enough detail to explain your choices and actions sufficiently and demonstrate your competency. Short, vague answers without much detail will not be sufficient for this management and leadership unit.
A
1. Observe two local food businesses, such as a café or restaurant and estimate what you think would be the average cheque. Give reasons for your estimation.

2. For the two businesses above also estimate what you think would be the average covers for a week. Give a day by day and breakfast, lunch, and dinner breakdown of the covers estimate

3. From the information in answers two and three calculate the sales on a day by day and service basis.

B
Use the WorkCover/WorkSafe website in your state to find the Industry Rate. That is the insurance rate paid by a particular industry for WorkCover Insurance. This will be expressed as % of wages and salaries.

• Industry rate for 'Restaurants and cafes'.
• Industry rate for 'Hotels and bars'.
• Industry rate for 'Accommodation'.

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