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Lack of professional business culture in family run business

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Assignment

Your CEO advised you to go through your current workplace vision, mission, goals and/or values and various departmental objectives and tactics. Review your observation; you have identified the following key problems:

• Lack of internal controls, particularly over cash handling, monitoring and recording.

• Failure to meet compliance standards in duty of care and WHS, Privacy and confidentiality, Freedom of Information, environment law, reasonable adjustment for newly appointed disable staff and Industrial relations law.

• Due to poor implementation of contract law, lack of written policy and procedures to guide staff in performing their job duties.

• Lack of a professional business culture in the family run business.

• Failure of the business to monitor the external environment and align opportunities and threats to the business.

Reference no: EM131453046

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