The web based structure which CanGo has developed will allow them to implement new features quickly and without alienating current customers. A ratio under 1 does not necessarily mean a company will go bankrupt. Liz, the CEO and her employees want to branch out into different venues.
This growth was due to Amazon. Retrieved June 22,from http: These types of moves can be taxing on already stressed resources, and product non-acceptance. According to DFC Intelligence, online gaming has surpassed digital music in revenue and is moving closer to passing online movies.
The team that is creative and works well together and welcomes new and exciting projects. Also anything that could possibly hinder business success.
While CanGo thinks about expansion, the staff members are juggling multiple tasks which result in the staff feeling overworked due to no type of system to work efficiently.
Retrieved June 23,from http: 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. 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.
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. Having financial stability to grow the business is not enough, without having the strategic plans in place.
CanGo already has an establish customer base. If this ratio is high, the company will be in a better position to pay its obligations within 1year or less.
Having incentive programs in place, will motivate the employees to sale more products and push for CanGo to broaden their horizon within a competitive market. Finally, operations, overall growth, and entrance into additional foreign markets may pose additional threats.
Offering a new product will bring in additional revenue. This number indicates how many times or how often the inventory is sold and replaced during the year. Get Full Essay Get access to this section to get all help you need with your essay and educational issues. E-commerce has been successful because it offers a lot of advantages for both consumers and retailers.
If the company plans on expanding the company, Liz and her management staff cannot add more responsibility to her already stressed out employees. In order to remain competitive in the market, CanGo must get a better understanding of both the Retail and Software industries, along with knowing their competitors objectives inside the market.
This would cause employees added stress which could lead to reduce quality in their work. Equipment has to be upgrade, additional staff has to be in place, capital is required for marketing and research. It will identify what they would like to achieve as a company, whether it be to expand or build based off what they currently have by adding new services.
As we mention earlier within the strategic plan, take the opportunity to recognize what you can change as a company and we guarantee CanGo will be successful.
The turnover ratio for CanGo Inventory is. Liz thought it would be a good idea to hold an IPO Initial Public Offering to raise capital that would help expand the business.
They should be able to have enough funds and tools for marketing, in order to market new online gaming in the right way. By better understanding these financial ratios, CanGo will be better equipped to evaluate the costs and benefits of possible future expansions and investments. The key investment ratios which we have prepared can be divided into the four key areas of: Strategic Planning will assist CanGo with making better decisions, allowing them to have the room for growth and become more of a competitive advantage.
This would give them more organization in the warehouse to locate products easier and keep track of the warehouse inventory. 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.
Amazon current ratio is 1. CanGo prides itself on appealing to younger consumers; however the video game market for older players is expanding.
The company can sell the new product to their own customers at a discounted rate. Amazon debt to equity ratio is stands at. CanGo lacks any structure in their warehouse. Despite these advantages, CanGo will have to continue to improve and innovate in the fields of marketing and customer service.
In order to increase consumer confidence when making these larger purchases, we have suggested that CanGo create a system which allows customers to provide feedback and reviews on the products which they purchase.Week 2 Analysis Report DeVry University Our DDM Consulting Firm has been hired to advise and help guide CanGo in the restructuring and planning their future endeavors.
CanGo is a young fast growing company which is interested in expanding into the online gaming market. CanGo Final Report teamblue BUSN by Prof | Dec 8, | BUSN CanGo Final Report CANGO FINAL REPORT. TEAM BLUE CONSULTING. Please someone help with a essay that is of emerging markets.
Please write 7 pages and find 3 companies with a reference. The highlighted red answers are the ones that are correct. The simplest way of navigating through this document is to press find and put down a very unique quote from the question on BSG.
Over the past 8 weeks, Team Blue Consulting has been working with the CEO of CanGo (Elizabeth), to provide her with the guidance she need in order to move CanGo to the next level. We had to the chance to provide the company with a SWOT analysis, pointing out the things that can be fixed and what things they can improve on as a business.
Cango Week 2 Video Analysis Essay. CanGo Analysis Report Consultants BUSN Team 1 CanGo Analysis Report Let me say first thank you for giving us the opportunity to evaluate your company’s operational process.
team blue consulting EXECUTIVE SUMMARY Elizabeth Bennett, a businesswoman that had a great idea and worked hard to start a new business in the ecommerce market named CanGo.Download