Reference no: EM133091504

The fine-dining restaurant (which is owned by a small group of entertainment celebrities) you have just been hired to manage is struggling with inventory issues, out of control food costs, and labor costs above the industry average. Draft a memorandum to the investor/owners, who know nothing about restaurant management, which describes the likely (most common) factors leading to the inventory and cost problems. After you describe what is likely happening in their beloved restaurant in these three areas, provide them with a strategic plan that prescribes a policy solution for each of the problem areas. Your policy solution should be based on the best practices you have learned throughout this course.