Management Audit 1. State the original business plan Our start-up strategy was to satisfy clients by surprising them in every sip from Monday through Friday from 7 am to 11 pm and selling premium coffee at a reasonable price. To advertise our product and increase its reach to a wide range of people, we also launched radio and online awareness campaigns. To ensure customer satisfaction, we were using high-quality coffee beans and modern coffee machine to decrease the service time. The pricing of a medium cup was $4.50 with a $0.50 discount on every cup during the 1st month of business. The following is the outline of our business plan: Our major objective is to keep clients happy and satisfied by listening to their needs and offering them with a refreshing and delightful cup of coffee. Profits will be utilised to improve our goods and services in order to ensure quality control. We will continue to develop and refresh our coffee taste by considering customer feedback on a regular basis. Creating a warm and welcoming environment for our valued customers. To ensure efficiency in customer service, we will expand our team gradually. 2.How is your performance so far? So far, our café’s performance has been excellent excluding a few issues. As of week 6, the café generated the below numbers. THE CAFFEINE TANK Week Revenue ($) Cups Sold W1 4,394 979 W2 7,102 1,586 W3 11,173 2,500 W4 12,983 2,909 W5 14,069 3,158 W6 12,978 2,922 TOTAL 62,699 14054 Also, according to the revenue results of week 6, we are currently ranking second out of the eleven businesses. With the increase in the variety of cup sizes, we’re projecting a significant growth in revenue and net income. In terms of brand awareness and customer satisfaction, we are currently ranked second and third respectively. This is set to change in a positive way as we have changed the marketing strategy and 3.Which decisions have worked out well, and which areas need improvement? Decisions that had a good impact for us included: • Our customers were delighted with the environment, rates, and the quality of the coffee. • Coffee pricing has helped to maintain consumers. • The operating hours of our business were really appreciated by the customers of different age groups. • A large amount of coffee was sold. • In terms of the quantity of servers and managers, we made wise personnel decisions. • Our brand is well-known, and one of our key strengths is the quality of our coffee. Decisions that need to be improved include: • Working to boost employee productivity • Attempting to be more cost-effective. • Make precise forecasts to ensure that no coffee is wasted. • Working to enhance customer satisfaction by decreasing waiting time. 4. What changes will you be making to your decisions in the next few periods? We anticipate a large rise in sales and net profits as the options of cup sizes have been increased.. To keep our clients and expand our customer base, we must make better -informed decisions. One such decision is to purchase another duo espresso maker. This not only helps us increase our customer base but also helps us decrease the customer wait time. To attract more clients, we have altered our marketing and advertising tactics and campaigns. We'll search for ways to save money, such as investing in more productive equipment and incorporating technology into our operations. Finally, use employees and resources as efficiently as feasible. 5.Do plan goals need to be revised? We want to constantly modify our goals in order to reach the maximum degree of customer satisfaction and remain one o n top of this competitive market. We will strive to examine the findings and make decisions that help to the growth of the café based on the weekly outcomes of the decisions.