SWOT is an acronym that stands for strengths‚ weaknesses‚ opportunities‚ and threats. The SWOT analysis will help CanGo understand the opportunities that are available and what threats may affect its operations. Before moving forward CanGo needs to assess the position they currently have in the market place. The use of a SWOT analysis technique will be beneficial at this point and will serve as the baseline to elaborate on a strategic plan for the organization. Be Bold has been observing CanGo’s
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Monthly Status Report to Sponsors 1 Monthly Status Report to Sponsors INF410: Project Management Professor Name Monthly Status Report to Sponsors 2 I was asked to a assume that I am the project manager of a software company and the team that I lead is in charge of delivering and update to tax preparation software for the next tax season. The fact is that the
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think they are doing. 3. Take Warren’s advice and expand the numbers to 10 to give the reviewer more numbers to use. 4. Gail did not really express her opinions about Nick’s performance and how she felt in regards of his actions affecting the CanGo team. 5. when Warren was telling Nick about is job performance‚ Warren was not straight forwardEmployee assessments are vital to the success of a business. They allow you to give praise for a job well done as well as point out areas in the job
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CanGo has moved from a small startup to a recognized growth company having a recent IPO offering. CanGo is currently lacking in a critical area for any business. It needs to focus on Strategic Planning. Strategic Planning will benefit CanGo by allowing it to: 1. Clearly define its goals consistently with its Mission and Vision statement. 2. Communicate effectively its goals to all of the organization. 3. Provide a foundation on which to direct future efforts. CanGo has the layers for a hierarchical
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& 2 Analysis Report “Poor strategic planning is worse than no strategic planning. It can be a big waste of time and money” (“Strategic Thinking”‚ 2011‚ p.1). Strategic planning plays a very crucial role in helping organizations achieve their goals. The strategic planning process requires both managers and their subordinates to work together as a team to design‚ plan and implement those goals. We have noticed that there have been some deficiencies in the leadership of CanGo Inc. We have also
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Problem: CanGo has never prepared a SWOT analysis. This can lead to poor decision making and ineffective goal determination. Solution: Prepare a SWOT analysis which shows the company’s strengths‚ weaknesses‚ opportunities and threats. Strengths and weaknesses are often internal factors while opportunities and threats are external. CanGo needs to do a SWOT analysis in order to identify where they are strong and where they are vulnerable. To do a SWOT analysis CanGo needs to ask themselves the following
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This competitive analysis was conducted to aid in the development of CanGo‚ an online gaming website. This analysis focused on three competitors: Big Fish Games‚ iWin.com‚ and Pogo.com. The existence of these competitors indicates that there is indeed a market for online gaming. All of these competitors offer free online game play‚ game downloads‚ chat rooms‚ club memberships‚ and some type of prizes. This suggests that CanGo may be benefit from extending the online gaming website to include these
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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. Rapid growth seems to be a blessing. However‚ it depends on the company’s ability how they deal with it. The holiday season of 2009 showed the company’s inability to
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Assumptions: 1. At the beginning of 2009‚ CanGo purchased the online gaming company. This purchase was for cash‚ paid for through the proceeds of the IPO and results in goodwill. 2. 90% of the online book sales comes from JIT‚ the other 10% through the inventory which CanGo possesses. 100% of the CD/DVD/MP3 come through CanGo inventory. The result is that 80% of ALL sales is JIT and 20% is inventory. 3. There is one warehouse for shipping of books and one plant for manufacturing
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Weekly Reflection ACC 422 Weekly Reflection Week three was highlighted by the discussion of fixed assets and the use of accounting for depreciation of those assets. Businesses utilize depreciation of their fixed assets to take advantage of the tax breaks that they receive. The cost of depreciation of assets lowers the taxable income of a company and in turn allows either a higher refund or less owed in taxes. Another option that is available is the use of accelerated depreciation. This option
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