CanGo Analysis Report Alternate View Solutions Executive Summary of CanGo CanGo is an Internet startup company that retails a variety of products and services. CanGo started in 2006 as an e-commerce company. CanGo’s CEO and founder, Elizabeth Bennet announced plans for launching an IPO for April 2010 the process was successful and the IPO raised $130 million. CanGo purchased Webjouster, an online gaming company. CanGo faces many challenges around responding to change and growth both internal and external forces. The online gaming has not generated the level of profits that were anticipated. Financial History of CanGo CanGo’s Current Financial Analysis Efficiency Ratio: Receivables Turnover 1.56% Efficiency Ratio: Inventory Turnover 2.81% …show more content…
This gives them a noteworthy favorable position since they can all the more nearly comprehend the customers' needs and needs. CanGo likewise has strength in the additional estimation of its employees. They all appear to have an incredible enthusiasm for the company. Strengths Cont.. Employees at CanGo have a decent awareness of other's expectations and think about the company's general prosperity. Besides, they have a natural feel of the market and realize that they need to push ahead developing the company and expanding execution. CanGo has possessed the capacity to support income development, appreciate a radiant net revenue of 11.7% , and offer fabulous customer administration. This is all regardless of not having a complete comprehension of their position in the market or having a strong marketing
The second internal strength that we feel CanGo has is low operating costs. They own the “brick and mortar” and overhead is not very high for their day-to-day operations. From what we have seen in the financials, they are bringing in revenue of $33 million.
The CanGo Company had experienced many obstacles and conflicts during the development of the proposed online gaming services. It is imperative for CanGo to review or to identify any problems that could threaten the company’s future goal. First of all, All team management of the company need to have a clear vision about the company’s long term planning, and analyze very carefully what audience would be targeted for the online gaming services. Also CanGo needs to perform a reliable analysis about their financial status, and making sure that they have the equipment is fully functional and available necessary before they start on new online gaming project. CanGo should also consider that each staff is fully aware about the CanGo’s mission, and this would be a positive way for the company to successfully achieve its goal.
The Innovative A’s Consulting Group is glad to run our analysis on your company’s operational process. Your company has done tremendous progress and indeed it is a recommendable success as it started out small and grew to be one of the leading businesses in the industry. In our analysis over the past two weeks, we observed that, if planned well, CanGo has a promising future ahead. Our team came up with certain issues being faced by your company, which we assume, if not resolved, can cause a problem in the long run for CanGo to be more successful. Your company has been lucky over the past few years, but in our evaluation, we concluded that CanGo’s future needs a great deal of strategic planning. By carefully
It is clear that CanGo did not have any type of formal strategic plan for moving forward. All the members of the planning team needed to be on the same page. Andrew, the company’s Director of Marketing, just seemed to be thinking about having fun. “I know this is a hard concept, but we’re talking about fun. You know fun? Remember when you were young?” (Prentice Hall, 2002) while Ethel, the Director of Accounting, was concerned more about the financial aspects of online gaming, how it’s going to impact the organization, and where it is going to take the company. Elizabeth, the CEO and company founder, needs to have another meeting with the key members of all the departments and pay attention to her staff’s concerns pertaining to the online gaming venture before moving any further with the online gaming plans.
CanGo has many things that they should be considering when it comes to launching their games online. They need to look at the 5 stages of the consumers buying process before making any type of decisions on how to approach the public.
This consulting report concerns CanGo’s attempt to establish new business ventures to enhance the vitality of the organization through entering the enormous electronic gaming industry that is rapidly expanding. There is a significant amount of demographics that will embrace the virtual world of On-Line Gaming, since electronic entertainment has been revolutionized through increasing access to interactive online gaming with access to high-speed internet. Thus more, global games industry revenues were at 60.4 billion in 2009 and expected to rise to 70.1 billion in 2015. The value of this proposition is to increase revenues, increase speed, expand
CanGo is a successful company that wants to expand and ensure its continued success. In order to accomplish this task, Liz the CEO has hired Forward Progress to examine current management practices at CanGo and provide a report outlining deficiencies and resolutions. Forward
CanGo is a small and dynamic business that operates in the seriously unique and competitive online retail and gaming items. CanGo has figured out how to develop at an exceptionally impressive rate and is currently at the limit of scaling up to the following level, extending both as far as the items it offers and geographic areas. As the DKT Consulting Company, we have been locked in as experts by CanGo top managerial staff to think about CanGo procedures and frameworks in detail and thought of recommendation that would make long term esteem and achieve organizational goals.
GoMacro is a family-owned company that is inspired by a whole-food based macrobiotic lifestyle. Our mission is to create and manufacture healthy organic snacks, as we believe healthy food comes hand in hand with happiness and the well-being of one another. For this reason GoMacro aims to provide our products to targeted business environments in Australia. This plan seeks to generate a significant increase in company sales and profits along with enhancing the healthy lifestyles of those all over the world. The highlights of this plan are the targeted gross margin and sales-revenue. Transitioning globally will be attainable though a proactive approach to the candidacy of customers, local growers and distributers.
Up to this point, CanGo has managed to excel and establish a foothold in the online entertainment industry. In fact, CanGo has recently been recognized by the Hudson Valley Professional Business Association, affirming the fact that CanGo is a company on the rise rather than a small, independent start-up with no expectations. Unfortunately, CanGo has not embraced the concept of strategic planning, which lays out and determines the direction a company plans to take over the next several years. According to John E. Lawlor of Practical Decisions, strategic planning is important from both a macro perspective and a micro perspective. On a macro level, for instance, business (especially ecommerce) is conducted in the global marketplace. Aided by the Internet and rapid improvements in technology, more and more individuals from all over the world have access to the products and services provided by today’s businesses. From a micro point of view, meanwhile, strategic planning will inject a needed sense of purpose and direction to CanGo. With strategic planning, each individual in the organization –from the CEO to the most recent new staff member – will know what products you sell or services you provide, who your target customers are, and how you plan to compete for their attention (Lawlor, 2005). Strategic planning would also clearly define a set of realistic short-term and long-term goals for the company while communicating those goals clearly to each individual member of the
Based on a market overview (United States Online Gaming, 2002,p. #5), besides online gambling, the market for online gaming remains to encounters a remarkable progress due to the rising statistics of population with the availability of the Internet. Online gaming is currently a main sector of the overall gaming business. CanGo’s main goals are to provide an excellent customer service and to develop its market value. The capability to deliver a high quality online gaming services of CanGo indicates a major classification an appropriate technology to fulfill its innovation, learning and customer service perspective.
It has been the major factor behind their success and can be seen as their business strategy.
Mason's company changed its focus from doing good to doing business, and the result was one of the fastest trajectories in business history. Within a few months, the startup company that was facing bankruptcy grew to a value between $6.4 billion to $7.8 billion and refused a buyout offer from Google of $6 billion.
The success of the company lies within its employees. With LB’s high volume of work, the employees are very dedicated to fulfill all the requirements and to
The employees feel that they have greater responsibility and trust put on them, this can generate greater participation, commitment, and a better job performance.