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Outstanding payment

Describe the seasonal scenario that can influence a restaurant’s cash flow within one year of operation. In the scenario, your business faces a cash flow issue, and you just have USD15,000 in your account. Which of the following payments are you going to initiate first and why?
• Outstanding payment to your main supplier which supplies the main fresh ingredients daily (USD 9,500).
• Utility bill that you have received the second warning (USD 3,500).
• Monthly Payroll which is overdue for 10 days (USD 17,000).
• Monthly rent which you have not paid for 3 months (USD 10,000).

Sample Solution

is possible only through change in internal factors of business enterprise.

Many scholars have consented that internal factors are the key determinants of an organization’s performance (Kinyua-Njuguna, Munyok and Kibera 2014, p. 289) as they provide enabling environment to achieve its goals and objectives. Internal environmental forces provide strengths and weaknesses to the business (Tolbert & Hall, 2009) (cited in (Kinyua-Njuguna, Munyok and Kiber 2014, p.) Fr example, from their study on the effect of internal drivers on community-based HIV and AIDS organizations in Nairobi County, Kenya, Kinyua-Njuguna, Munyok and Kiber (2014) found out that the internal drivers such as organisational structure, strategy, skills, staff, shared values as well as systems helping the organisation to achieve their objective. As a result enhanced the employee performance.

The Resource-based view (RBV) theory, propounded by Penrose (1959) ( as cited in Kute & Upadhyay, 2014,p.68) supported that organizations can gain competitive advantage by concentrating on their internal factors such as abilities, skills, knowledge, capabilities and competencies with reference to technological changes. This is because of strengths and weakness in these areas can be managed and thus the need of enhancing these qualities within the employees can be determined and can be enhanced through continuous organizational learning culture. Furthermore, the following factors such as mission and goals, leadership quality, organisational structure, human resources, technology capacity, organisation culture, employees behaviours and attitude, and organisational performance has to be considered while introducing change in the organisation.

Organisation Vison, Mision, Goals and objectives

Every business organisation is being guided by its mission, goals and objectives pertaining to development philosophy and direction, planning, prioritizing programs, policies, management, organisational structures and everyday responsibilities (Emeka and Eyuche 2014). In nutshell the performance of the company depends on the mission, goals and objectives. Therefore, change in these domains would co