Nice Ventures Essay

2286 Words10 Pages
Written Analysis and Communication A Report on NICE VENTURES Dear Ma’am, We are enclosing a report of our understanding of the case on ‘Nice Ventures’ as part of the Written Analysis and Communication course requirement. The case has been analysed as instructed and is being submitted for consideration. Executive Summary Nice Ventures is a small restaurant management company founded by Ramsey Smith in San Francisco, California. The company was a general partner of three full-service restaurants Rose Pistola, Rose’s Café, and Terzo with unique dining concepts for each. Laurie Thomas a Silicon Valley veteran who initially was an investor in Nice Ventures had taken over the CEO role later when the company had been through financial trouble due to various internal and environmental factors. Laurie Thomas through various bold cost cutting measures and implementation of new programs had kept the company alive and also gained confidence among the employees. The economic downturn in late 2008 had had considerable effect on the finances of the company which called for immediate cost cutting measures. The Tahoe offsite meeting arranged with the executives of the company by Thomas revealed the growing resentment among her employees about her management style which needs immediate attention as everyone needs to be on board to drive the company out of the financial crisis. Thomas is also confronted with the problem of choosing a new GM for Terzo after her attempts to promote Ben for a dual GM role and mentor Adam for the post backfired. Her decision to hire a new experienced GM from outside also dint workout as planned due to intentional miscommunication by Ben and also the interest shown by Sasha, an employee at Terzo for the GM post. Thomas had to take a decision about how to approach these problems in the most efficient way to regain the trust of her employees
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