Your organizations internal organizational strengths such as online growth, and cost advantage offers great potential if properly utilized. Employees are not receiving detailed information regarding areas in which they are excelling in, and areas that they need to improve.
Similarly, artists would not be fully compensated for their creations and cultural vitality would suffer as a result. These training issues have been fully analyzed, and these issues offer severe repercussions for CanGo if not properly attended to. Throughout this analysis it was found that the market size has grown in both revenue and popularity.
CanGo has a working capital ofon again this shows that CanGo is more than capable of paying off its debts. All of these strategies will encourage customers to pay their debt as soon as possible. Retrieved October 02,from Entrepreneur: Extensive training is needed for the following reasons.
Human Resources Strategic Recommendations There are multiple methods to help correct these training related issues and concerns. CanGo can use advertisement online and off line to help assist. With this in mind what sets each competitor aside from another is that niche that they have developed for themselves.
After analysis of the way CanGo approaches key business initiatives, their decision making, we have observed that there is lack of strategic planning for key business decisions and initiatives and key decisions are taken in an ad hoc manner.
During the employee performance evaluation each employee needs to be educated and explained what areas they are excelling in, and what areas they need to improve. The problem that all of these competitors face at this time is that the games they offer online are limited to the games that are offered on their specific systems.
The company has been working hard in providing to its customers the latest cutting edge online gaming services. To this end, the CEO and company leadership team should be trained on the strategic planning process, the different elements and steps. These include the need for CanGo to protect their Intellectual property by taking part in the right they have to trademark their website, business name, and logo.
Retrieved October 05,from Stopfakes: Competitive Analysis With a large market size such as that of online gaming there is guaranteed to be a vast amount of competition within the market. Low customer satisfaction is another internal weakness that is crucial to the success of CanGo.
The CanGo Company had experienced many obstacles and conflicts during the development of the proposed online gaming services. Training issues have been identified through visuals of employee behaviors, production, questions, and knowledge.
CanGo does currently have a performance evaluation in place; however these reviews are also raising conflict and major concern. Giving CanGo this opportunity to take advantage of this huge profit as long as proper planning is implemented, and market analysis understood. Given that CanGo has a high sales revenues of 51, reported on its income statement it is likely that because they are a new company they are simple just overstocked and need to find a good balance of how much inventory they really need to keep on hand CanGo, Also it is important to develop strong communication regarding legal aspects that can affect CanGo.
Analysis Report of CanGo Veronica Perla BSNON Senior Project Dr. John Martin September 7, Overview CanGo is an Internet startup company that retails an exciting array of products and services, ranging from books and videos to online gaming, and prides itself on providing the best customer service in terms of product delivery and support.
Cango Financial Analysis Financial Analysis First in this report, our team has prepared a detailed analysis of CanGo’s current financial condition, which included Income Statement and Balance Sheet reorganization and complete analysis of the company’s Financial Ratios. Financial analysis of CanGo CanGo has been growing rapidly ever since its formation.
It experienced a greater than expected growth in revenues. However, the company is faced with some financial difficulties and so there is a need to take certain financial decisions. Also, it faces problems of controlling logistics related to growth.
CanGo Financial Analysis Vera Cooper 3 snapshot of the company’s performance and future prospects. Financial analysis is a useful technique that forms a basis for taking key decisions about company operations (Russel, P.
R., ). A financial analysis is used by internal members within the company, such as the company’s board of directors, members of the management leadership%(28). CanGo Financial Analysis Report 2 CanGo Financial Analysis Report Introduction – The success of a business depends on its ability to remain profitable over the long term, while being able to pay all its financial obligations and earning above average returns for its shareholders%(35).
This report is the result of the thorough analysis to come up with detailed recommendations for CanGo from the perspective of overall organizational strategy and recommendations from perspective of individual functions.Financial analysis report cango