Cango's Strengths And Weaknesses
Executive Summary
Information with Technology “IWT’ is a consulting company that specializes in examining various challenges facing new and existing companies. “IWT” goes into a company and evaluates management practices such as financial, human resources, business strategy, etc. In doing so, we generate a detailed report pointing out a company’s strengths and deficiencies. “IWT” will then give the company recommendations on how to improve on their deficiencies and how to increase their strengths.
Introduction
CanGo is an Internet company that sells a variety of products and services, ranging from books and videos to online gaming services. CanGo prides itself as having the trendiest games with the best service when it comes to product …show more content…
CanGo is lacking in the management area. It seemed that no one really knew what their part of the team was and what they should be doing. Management should be like a pyramid. There should be only a small group for top management with more at middle management and even more people at the bottom. The top level should be comprised of the president, VP, and CEO among others and then the middle management would be division or department managers. (Griffin, 2009) At the bottom level there should be supervisors overseeing the general operation of the front line. (Griffin, 2009) All managers should have the skills necessary to carry out decision making, organizing, leading and controlling tasks. (Griffin, 2009) Decision making is being able to set goals for the company, organizing and knowing how to put together tasks and resources. Leading is being able to motivate employees while controlling is monitoring and coaching the front …show more content…
Everyone who owns even one share of stocks in the company is an owner and share in the profit or loss and growth of the business according to the proportion of stock they own. To raise the amount of funds needed the company must receive the approval from the appropriate regulatory authority to issue the stock. Large, well- established companies have the option of borrowing through debt instruments such as bonds and debentures. CanGo will have to choose to issue new "preferred" stock to raise capital, which means buyers of these shares have special status in the event the underlying company encounters financial trouble. If profits are limited, preferred-stock owners will be paid their dividends after bondholders receive their guaranteed interest payments but before any common stock dividends are
Information with Technology “IWT’ is a consulting company that specializes in examining various challenges facing new and existing companies. “IWT” goes into a company and evaluates management practices such as financial, human resources, business strategy, etc. In doing so, we generate a detailed report pointing out a company’s strengths and deficiencies. “IWT” will then give the company recommendations on how to improve on their deficiencies and how to increase their strengths.
Introduction
CanGo is an Internet company that sells a variety of products and services, ranging from books and videos to online gaming services. CanGo prides itself as having the trendiest games with the best service when it comes to product …show more content…
CanGo is lacking in the management area. It seemed that no one really knew what their part of the team was and what they should be doing. Management should be like a pyramid. There should be only a small group for top management with more at middle management and even more people at the bottom. The top level should be comprised of the president, VP, and CEO among others and then the middle management would be division or department managers. (Griffin, 2009) At the bottom level there should be supervisors overseeing the general operation of the front line. (Griffin, 2009) All managers should have the skills necessary to carry out decision making, organizing, leading and controlling tasks. (Griffin, 2009) Decision making is being able to set goals for the company, organizing and knowing how to put together tasks and resources. Leading is being able to motivate employees while controlling is monitoring and coaching the front …show more content…
Everyone who owns even one share of stocks in the company is an owner and share in the profit or loss and growth of the business according to the proportion of stock they own. To raise the amount of funds needed the company must receive the approval from the appropriate regulatory authority to issue the stock. Large, well- established companies have the option of borrowing through debt instruments such as bonds and debentures. CanGo will have to choose to issue new "preferred" stock to raise capital, which means buyers of these shares have special status in the event the underlying company encounters financial trouble. If profits are limited, preferred-stock owners will be paid their dividends after bondholders receive their guaranteed interest payments but before any common stock dividends are