Cango Week 1&2 Analysis

3092 words - 13 pages

Introduction
Strategy one, in review of CanGo’s requirements, has spent the previous two weeks in discussions to learn and discover the business and needs of CanGo operations. During this period, Strategy One has identified areas that present specific operations issues and has made recommendations for each of these areas below. The issues discovered and discussed are strategic planning, organization, finance, project management, a project team, and project resource allocation and are presented in the information below with recommended resolutions.
Week 1 Issues
Issue #1
The first issue identified by Strategy One is in the area of strategic planning. CanGo has been a successful ...view middle of the document...

CanGo’s team has the drive and innovation to sustain their successful competitive edge in the market space; however, without organizational planning and the implementation of the plan, the company may fail due to poor internal structure for meeting the demands of the growing business. Internal organization and processes for goal attainment are some of the most basic requirements for a successful business.
Issue #3
The third issue identified by Strategy One is in the area of financial planning. While CanGo as a company is looking towards expanding in the online gaming market, CanGo is still unsure of where the funding for this venture will be coming from. Additionally there is the issue of competitive analysis tied to this financial planning. CanGo has not researched their standing in the industry to see if growing capital is viable at this point. The costs involved in the task of expanding to new areas have yet to be addressed; however, there is already a deadline set for the launch of the new initiative. (DVOU, 2011) This is a huge oversight of the management team at CanGo; particularly as the funding that they will require may not be available and no estimates or project plans have been established for resources, budged and quality assurance. Furthermore, to date CanGo has not set aside a budget for future project or project planning in the current fiscal year plan.
Week 1 Recommendations
Strategy One has established several recommendations to assist CanGo with correcting the issues of strategic planning, organizational structuring and financial planning that are affecting the current expansion project. It is the recommendation that CanGo implement the following tools for successful management of the new project. CanGo needs a precise vision of what the company is about; a vision to set forth the goals and future of the company as a whole. This recommendation also includes an initiative to create a mission statement that define who the customers are, what products and services will be offered by CanGo and how the services will be provided to the consumers.
Recommendation #1
Additionally, the steps for Strategy One’s recommendations for strategic planning are: performing a SWOT analysis, defining long term goals, implementation of clearly defined plans, execute internal and external strategic choices, continual evaluation of exiting goals versus existing strategy and finally, revising goals and strategy as needed to meet the business needs.
“The goal of much of business strategy is to achieve a sustainable competitive advantage. A competitive advantage exists when the firm is able to deliver the same benefits as competitors but at a lower cost (cost advantage), or deliver benefits that exceed those of competing products (differentiation advantage). Thus, a competitive advantage enables the firm to create superior value for its customers and superior profits for itself. Cost and differentiation advantages are...

Other Papers Like Cango Week 1&2 Analysis

Mgt 325 Week 2 Discussion Questions 1 (Social Responsibility Pricing)

370 words - 2 pages This pack MGT 325 Entire Course comprises following documents: MGT-325 WEEK 1 DQ 1 ( Strategic Advantage ).doc MGT-325 WEEK 1 DQ 2 ( Public Activity ).doc MGT-325 WEEK 2 ASSIGNMENT ( Mitigating Risk in Transportation Costs ).doc MGT-325 WEEK 2 DQ 1 ( Social Responsibility Pricing ).doc MGT-325 WEEK 2 DQ 2 ( Funding Highways ).doc MGT-325 WEEK 3 DQ 1 ( Measuring Performance ).doc MGT-325 WEEK 3 DQ 2 ( CBN ).doc MGT

ASH PSY 330 Week 1 DQ 2 Psychoanalytic Theory

1743 words - 7 pages ASH PSY 330 Week 1 DQ 2 Psychoanalytic Theory Select one of the following options for this discussion. Indicate in your post which option you are responding to. Option A: Psychoanalytic theory presents explanations for abnormal behavior as well as a variety of methods for treatment of that behavior. Select one of the methods or techniques used in psychoanalysis and discuss the strengths and weaknesses of this approach as it applies to the

Week 6 Quiz (Questions 1, 2 And 5)

633 words - 3 pages Question 1 (TCO B) Using the network below and the additional information provided, find (a) the crash cost per day per activity; (b) which activities should be crashed to meet a project deadline of 12 days at minimum cost; and (c) what the extra cost is to crash the project. Activity Normal Time Crash Time Normal Cost Crash Cost A 5 3 $300 $350 B 3 2 $250

Week 1 and 2

578 words - 3 pages double taxation and have to follow many government regulations. TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory Join Search Browse Saved Papers Home Page » Business and Management Page 112 3-1 Days Sales Outstanding Greene Sisters has a DSO of 20 days. The company’s average daily sales are $20,000. What is the level of its accounts receivable? Assume

Week 2 Assignment 1

624 words - 3 pages identity categories below and name or describe at least 3 related stereotypes for each: * Race * Ethnicity * Religion * Gender * Sexual orientation * Age * Disability Category | Stereotype 1 | Stereotype 2 | Stereotype 3 | Gender | Men are physically stronger. | Women should stay home to cook, and clean. | Male hair stylists are homosexuals. | Race | Hispanics are farm laborers. | If you are Caucasian you are

Week 1 Dq 1 & 2

769 words - 4 pages 1. What is management? Why is management necessary? How do you think management has evolved? To me management is the motivation, leadership and supervision of a workforce or work group. It’s being able to build a team environment where can help develop my team and coach and mentor them to reach new goals. Management is necessary to deliver the visions, goals and missions from our Chief Executive Officers to our frontline employees. Also

Edu 675 Week 1 Dq 2 School Culture And Differentiated Instruction

344 words - 2 pages In this document of EDU 675 Week 1 Discussion Question 2 School Culture and Differentiated Instruction you will find the next information: View the video, Transforming a School into a Professional Learning Community. Considering your required readings and this video, what effects do differentiated instruction and professional learning communities have on school culture? How does differentiated instruction reflect the attitudes and

Re: Week 2 Assignment 1

938 words - 4 pages Race and Crimes Raymond Washington Strayer University CRJ 105 Crime And Criminal Behavior Dr. Robert Roth October 19, 2015 In America today race plays a major role on how disciplines of criminology and criminal justice are used. Especially for African Americans who made up roughly 27 percent of arrest in the United States which is 1 out of 4 of every young black male. Research shows that this problem it’s only becoming worse and the

Business 100 Week 2 Assignment 1

1118 words - 5 pages BUS100 Assignment 1: The Business Environment Chad McCarl Professor Keisha A. Nelson July 12, 2012 Business in the economy Without business, we have no economy. People are able to consume and enjoy far more goods and services than they otherwise could if individuals were required to produce everything for themselves. People consume food that is grown by farmers or manufacturers. In

Fin 515 Week 1 and 2 Solution

2862 words - 12 pages corporate finance important to all managers? Answer: Corporate finance provides the skills managers need to: (1) identify and select the corporate strategies and individual projects that add value to their firm; and (2) forecast the funding requirements of their company, and devise strategies for acquiring those funds. ------------------------------------------------- b. Describe the organizational forms a company might have

Finance 534 Homework Set 1 Week 2

410 words - 2 pages Dennis Suler FIN 534 Assignment Set #1 1. What is the Free Cash Flow for 2014? Free Cash Flow = NOPAT – Net Investment In Operating Capital To find NOPAT = EBIT * (1 – Tax Rate) = 502,640 * (1-.4) = 502,640 *.6 = 301,584 So, FCF = 301,584 – Net Investment in Operating Capital 2014 Net Operating Working Capital= Operating current assets – Operating Current Liabilities = (Cash+Accounts receivable+Inventories) – (Accounts payable

Related Essays

Week 1 Cango Video Analysis

2445 words - 10 pages 1. CanGo’s undefined Mission Statement The absence of a clear Mission Statement as a road map for the company is needed for the company to survive in the market place and stay competitive. The mission statement of any establishment, defines the clear intension of a business in term of which road it will travel in the market place to stay competitive. In the week -1 introductory video, CanGo seems to be doing very well in the market place

Week 4 Dq 1 & 2

617 words - 3 pages Week 4 – DQ 1 DQ1. What are the Five Pillars of Islam? Why are they significant for the life of Muslims? The Five Pillars of Islam are creed (Shahadah), prayer (Salat), charity to the poor (Zakat), fasting during Ramadan (Sawm) and pilgrimage to Mecca (Hajj). These five pillars of Islam are significant for the life of Muslims because its part of their faith and it’s also the basis of the Muslim life. The first pillar is the creed that they

Bus475 Week 2 Lear Part 1

1744 words - 7 pages * The investment of choice * A company that supports the communities where we do business (Lear Corp., 2015) The vision statement of Lear Corporation implies that the company strives to be the first in the market. In addition to that, Lear states that it has core values that the company constantly fulfills no matter what: (1) customer focus, (2) operational excellence, (3) teamwork, (4) integrity, (5) diversity, (6) and community service

Bus 600 Week 2 Dq 1 Reducing Communication Barriers

378 words - 2 pages In this file of BUS 600 Entire Course you will find the next docs: BUS 600 Week 1 Assignment Vision Statement.doc BUS 600 Week 1 DQ 1 Importance of Communication.doc BUS 600 Week 1 DQ 2 Ashford Learning Resources.doc BUS 600 Week 2 Assignment Topic Thesis Statement for Research Paper.doc BUS 600 Week 2 DQ 1 Reducing Communication Barriers.doc BUS 600 Week 2 DQ 2 Intercultural Communication Competence.doc BUS 600