CanGo has experienced exponential growth in their first two years of operation. How to Write a Summary of an Article. One of the primary reasons that some businesses fail is due to the fact they experience unexpected growth similar as CanGo, and because there was no contingency plan or preparation for the expansion, the company falters in maintaining that success asserted Longley from Small Business Administration.
The region could be their next step ahead to become a continental corporation. Those companies have an established team in every department who are always looking to improve the product. The first indication of her flawed leadership is evident when Andrew, one of her employees approached her about impending glitches with the online gaming project which theoretically can initiate liability to the company.
Wendy was hired by CanGo with the intentions of creating an online gaming site; instead Nick was assigned this project.
By continuing to enhance the overall customer experience and seeking new innovations in customer relations and marketing, CanGo is well positioned to expand their customer base far into the future.
The sales forecast which outlines the methodology. Additionally, it could have been a situation where there was no patent or nondisclosure statements to protect the gaming system.
When expanding into a new market CanGo needs to understand and take into account trends that are in the industry and account for them when doing any sort of planning. Flawed entrepreneurial leadership and the lack of effective communication.
Jensen from Forbes. They use critical thinking and logical reasoning to solve problems. Company needs to have funds to change or improve warehouse.
Equipment has to be upgrade, additional staff has to be in place, capital is required for marketing and research.
Here you will consider the sales forecast, the sales costs, operating expenses, and the profits. Going forward, CanGo financial Costs will include the following: CanGo must become more organized in order to control the risk associated with each project.
Consumer demographics are used to identify consumer markets and involve the study of characteristics of a human populations and population segments and how these change over time.
Through our observations we have found a number of issues and have several recommendations. Although this requirement is not unblemished, it provides the business owner with a point of reference to determine if the plan supports the goal of the company. Through this system CanGo will also gain valuable insight into the shopping experiences of its customers, allowing them to continually change their approach to meet their needs.
With progresses in technology and internet, online gaming is becoming more popular across all boards. The online gaming site is not the only place we saw rash decisions made. CanGo could potentially have employee retention problems. In concluding the appraisal of CanGo, the company has great potential, and can continue to do well in the future if they revert back to the basic building block of any company structure; a business plan.
When discussing the potential holiday increase in sales, decisions to hire and purchase new equipment were finalized without analysis. Also, it is necessary to research and plan any new venture in addition to ensuring that employees are engaged in the process.
The break-even analysis results from an estimate of income and expenses. CanGo can use the capital to hire new employees and invest in new equipment. When a project scope is prepared, it defines and validates the project providing a basic budget estimate, time, and money according to Rey n.
Financial ratios can help to understand what CanGo is doing well and what may need to be worked on. The aim of MBO is to increase organizational performance by aligning goal and subordinate objectives throughout the organization.
When expanding into a new market CanGo needs to understand and take into account trends that are in the industry and account for them when doing any sort of planning. Despite the drawbacks of increased competition, overall growth in internet retail sales is projected to continue for many years to come, providing CanGo with ample opportunities for continued growth and expansion.
In order to help address any issues which may occur because of these proposed changes, CanGo has enlisted our consulting firm to help them with their financial and managerial problems. In the initial phase of the evaluation, it was quite evident that the root cause of their difficulties was a direct consequence of the Chief Executive Officer CEO whose ambition for the company was distorted.
The company culture and under laying HR issues need to be addressed. Company has to keep an eye on the future opportunities and possible consumers. A strategic approach will help CanGo build teamwork by developing commitment and trust; will strengthen the leadership team by aligning their goals with those of the CEO; and will move the organization from the current status quo to an organized environment with clear goal setting for the short and long term.
By implementing these new features as well as expanding their marketing into new demographics, CanGo stands to benefit from the increased use of online shopping by consumers.
Opportunities and Threats External Opportunities Online gaming is growing at a rapid pace: The market forecast is treated in detail in the chapter on Strategy Implementation. Over the last two months Be Bold has observed the operations of CanGo’s managers and employees.
Through our observations we have found a number of issues and have several recommendations. Be Bold suggests that CanGo can better understand their company by learning how to make better decisions for the future of the company.
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A Lack Of Communication On Cango Company Information Technology Essay. Name. College. Course code, semester. Introduction: In order for any company to grow to be a successful and viable company in the future, there are a number of things that they have to ensure are balanced and running properly.
CanGo Corporation Essay.
Categories. Free Essays; Tags. CanGo does non look to hold any legitimate procedure flow charts. particularly for its operations installation.
Two floor program layouts were drawn up. One for the current operation procedures and one which shows the operation installation if CanGo invests and implements an ASRS.
Essay Instructions: CanGo, a fictional Internet startup that retails a variety of products and services, ranging from books and videos to online gaming services. Through the collection of episodes, the CanGo team deals with practical issues of business in ways relevant to the realities of today's business world.
Final Report – CanGo Essay Sample A successful internet startup company, CanGo has grown from a small retailer of books to an online retail hub where customers can purchase games, movies, music, and books.Cango corporation essay