Premium Essay

Week 2 Analysis

In: Business and Management

Submitted By AJQuinn82
Words 819
Pages 4
Intent of Report: This report is intended to provide CanGo management an understanding of the challenges that they face and a recommended plan of action that will help CanGo overcome these challenges. This report covers the first and second week of videos provided for analysis.
Findings:
1. CanGo is a company that is operating without a strong vision or mission statement along with a set of values that identifies their presence and purpose in the market of online gaming. CanGo also does not have a clear business strategy: without this it is very difficult for any of CanGo’s personnel to have any sense of business acumen.

2. During the management meetings it is evident that there is a strong need for some structure and proper utilization of the strategic management process. Everyone seems to be working on projects that are not their strong points, and clear deadlines and expected deliverables are not established.

3. Currently CanGo does not utilize proper planning. Management does not give subordinates appropriate guidance to establish timelines for project deliverables. It is also clear that Nick, the project manager was perhaps a poor choice by management due to his lack of organization, planning skills, and experience in project management and leadership. It does not help the situation that Nick was given very little direction from his superior, Warren.

4. CanGo dove into a new business venture without any financial or market analysis that will afford them to run a proper cost-benefit analysis and to assess their competition. According to the finance department, CanGo may not have the capital to start up their online gaming venture. CanGo lacks staff qualified in the areas necessary to manage a project involving online gaming (IT, networking, software and hardware, gaming platforms, bandwidth, etc.).

5. The management meetings are…...

Similar Documents

Premium Essay

Weeks 1&2 Video Analysis

...Week 1 & 2 Video Analysis Report Week 1 & 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 provided some recommendations for the management team to improve their weaknesses so that the company can continue to stay successful in achieving its goals and launching itself to the online gaming industry. (1) There is a lack of mission, vision and value in CanGo Inc. Liz, the founder and CEO started her company with an emergent strategy process. This strategy would not allow the company to stay successful in the long run. Liz thinks that the success of the company has nothing to do with strategic planning. As a result, she fails to recognize the importance of strategic management planning. This issue is the top priority to be addressed because it is the core foundation of the success of the company (BUSN 460, Week 1 Video, 2003). (2) However, the management fails to analyze the company’s position in the market to set reasonable long-term and short-term goals. The goals and expectations seem to be unrealistic or unachievable. Goals......

Words: 2204 - Pages: 9

Premium Essay

Cango Video Analysis Week 1 & 2

...Team B Video Analysis Report of CanGo Innovative Financial Management & Consulting Services BUSN 460 Based on the first two week of observation, Innovative Financial Management & Consulting Services (IFM) has noted the following issues and our recommendation for your review. ISSUE #1: No Mission Statement or Company Vision RECOMMENDATION: It is the recommendation of IFM that a formal mission statement and company vision be defined. A mission statement defines why the organization exists and what it does, and is also a way of ensuring that everyone in the organization is on the same page. A mission statement also serves as a base line for effective business planning. A vision statement focuses on the organization's future; it can also robustly communicate the company’s purposes and inspire your team or organization. IFM consultants will meet with the Board of Directors to help define the company’s mission statement and vision. ISSUE #2: No Strategic Plan RECOMMENDATION: Once the CanGo mission and vision have been finalized and approved by the board, IFM consultants will develop a strategic plan through the following process: • Conduct a SWOT analysis • Review SWOT analysis and outline CanGo’s strengths, weaknesses, opportunities and threats • Define objectives, key strategies and short and long term goals • Define operational plan Once the strategic plan has been fully developed and approved by the CanGo Board of Directors, IFM......

Words: 987 - Pages: 4

Premium Essay

Cango Week 2 Analysis Report

...CanGo Week Two Analysis Report DeVry University Bus460 Senior Project Instructor David Mozinski Introduction The Grad Consultants have spent the last two weeks observing CanGo and their business practices to help them determine the weaknesses within their organization. We will use our knowledge and experience to provide suggestions for improvement that will have a positive impact not only on CanGo’s bottom line but also on the morale of all those who are employed by the organizations. Elizabeth (Liz), who is the owner of CanGo, first conceived the idea of the company in 2006. Since then, the company has grown exponentially. According to the company’s intranet “Liz’s experience and education helped refine her vision of a business environment centered on the Internet revolution. Under her leadership, CanGo has grown from a small online book retailer to a leader in entertainment focused e-commerce”. Liz has done very well for herself and the company with the effort and ideas that she has used thus far. CanGo is growing so fast that she now needs help to show her how to be prepared for what could happen and what she wants to happen as a company. When there is so much growth and so much competition, Liz and CanGo need to have a plan. That is why we are here; to help the company stay successful even when they are considering expanding into a new market. During this research period, The Grads have come up with the......

Words: 2759 - Pages: 12

Premium Essay

Week 2 Cango Analysis Report

...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. This analysis report is the first of a series of reports created by our company to examine CanGo’s current concerns and offer recommendations to fix these issues. At DDM Consulting we believe that success is a team sport and there is no I in team. In saying this, it is going to take the cooperation of the upper management, lower management and CanGo employees for this company to reach its full potential. By implementing our recommendations CanGo can look forward to building a stronger company foundation, a growing presence in the online gaming market place, and a general increase in company moral In this first analysis report we will be going over six most important issues that CanGo will have to address immediately in order to guarantee continuous company growth and longevity in the market place. These issues include: 1: Company Mission and Vision statements 2: Goal setting and deadlines 3: Strategic planning 4: Workplace communication 5: Management skills 6: Market research Now that we have provided our six main focus areas for improvement, let us dive into the matter further by discussing and exploring each of these issues in greater detail to show how they really affect the overall success of......

Words: 2352 - Pages: 10

Free Essay

Ntc 406 Week 2 Individual Assignment Slow Network Analysis

...NTC 406 Week 2 Individual Assignment Slow Network Analysis http://homeworktimes.com/downloads/ntc-406-week-2-individual-assignment-slow-network-analysis/ Visit our Website : http://homeworktimes.com Contact us : onlineeducationalservice@gmail.com NTC 406 Week 2 Individual Assignment Slow Network Analysis http://homeworktimes.com/downloads/ntc-406-week-2-individual-assignment-slow-network-analysis/ Visit our Website : http://homeworktimes.com Contact us : onlineeducationalservice@gmail.com NTC 406 Week 2 Individual Assignment Slow Network Analysis http://homeworktimes.com/downloads/ntc-406-week-2-individual-assignment-slow-network-analysis/ Visit our Website : http://homeworktimes.com Contact us : onlineeducationalservice@gmail.com NTC 406 Week 2 Individual Assignment Slow Network Analysis http://homeworktimes.com/downloads/ntc-406-week-2-individual-assignment-slow-network-analysis/ Visit our Website : http://homeworktimes.com Contact us : onlineeducationalservice@gmail.com NTC 406 Week 2 Individual Assignment Slow Network Analysis http://homeworktimes.com/downloads/ntc-406-week-2-individual-assignment-slow-network-analysis/ Visit our Website : http://homeworktimes.com Contact us : onlineeducationalservice@gmail.com NTC 406 Week 2 Individual Assignment Slow Network Analysis http://homeworktimes.com/downloads/ntc-406-week-2-individual-assignment-slow-network-analysis/ Visit our Website : http://homeworktimes.com Contact us :......

Words: 288 - Pages: 2

Free Essay

Psych 625 Week 2 Learning Team Assignment Frequency Analysis

...PSYCH 625 Week 2 Learning Team Assignment Frequency Analysis To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/psych-625-week-2-learning-team-assignment-frequency-analysis/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com PSYCH 625 Week 2 Learning Team Assignment Frequency Analysis PSYCH 625 Week 2 Learning Team Assignment Frequency Analysis To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/psych-625-week-2-learning-team-assignment-frequency-analysis/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com PSYCH 625 Week 2 Learning Team Assignment Frequency Analysis PSYCH 625 Week 2 Learning Team Assignment Frequency Analysis To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/psych-625-week-2-learning-team-assignment-frequency-analysis/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com PSYCH 625 Week 2 Learning Team Assignment Frequency Analysis PSYCH 625 Week 2 Learning Team Assignment Frequency Analysis To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/psych-625-week-2-learning-team-assignment-frequency-analysis/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail...

Words: 2680 - Pages: 11

Premium Essay

Week 2 Case Analysis Article Review

...making Appalachian coal less attractive to power plants along the East Coast. Falling international coal prices negatively affected the Appalachian coal companies and the region which is increasingly dependent on foreign market. The unfavorable state of the global coal market, making producers export resulting in recent lay-offs. Coal production methods have evolved over the decades in the industry as production has shifted from underground mining to surface mining, more mechanized and less labor intensive; resulting in falling employment for decades in the nation’s coal mines. How Appalachian coal company relates to week two topic Marketing Environment? The above article highly relates to week two topic on marketing environment and social responsibility and ethics in marketing. The topic of the week (Marketing Environment) elaborates on external forces that affects organization/business as a whole. These factors include, competitive, economic, political, legal and regulatory, technology and sociocultural forces. All the environmental forces play a role in the above article but the main forces that stands out are competition, sociocultural and legal and regulatory forces. Appalachian coal companies face legal and regulatory issues which lead to economic downfall that give competitors the upper hand to force in and take control of current market structure. We are faced with environmental factors every day, and while some......

Words: 648 - Pages: 3

Premium Essay

Cango Week 2 Analysis

...Cango Week 2 Analysis Can Go Analysis Report BUSN 460 week 2 Can Go is a company with great ideas and visions for their future. They have identified a trend in the gaming industry that is certain to bring them success; online gaming. While they have a general idea of how this will be done, it is mostly in the mind of the boss. Delegating the investigation of how to attain these goals to his subordinates proves challenging as there is a good amount of disorganization within the company. There are varying levels of organization and strengths within the staff of the company. Debby seems to be the most knowledgeable and organized of the group while Nick feels that he is organized and on top of everything but he is gravely mistaken. His organizational skills leave something to be desired. The boss, “Coach”, is great at involving the group in regular communication gatherings where they are briefed on what is required of them that week/day. The boss is also strong at encouraging participation in these meetings. Debby seems to be the one person that brings everyone together to become a more cohesive team and one that thinks more clearly and in a more organized way. Debby is also great at teaching others how to best prioritize by using Gantt charts to map out their deadlines. I recommend that Debby acts as a type of supervisor and is allowed to guide the others to become more organized in their daily activities. This can be accomplished by identifying more of the moderately......

Words: 293 - Pages: 2

Premium Essay

Cango Week 1 and 2 Analysis

...Based on the first two week of observation, Innovative Financial Management & Consulting Services (IFM) has noted the following issues and our recommendation for your review. ISSUE #1: No Mission Statement or Company Vision RECOMMENDATION: It is the recommendation of IFM that a formal mission statement and company vision be defined. A mission statement defines why the organization exists and what it does, and is also a way of ensuring that everyone in the organization is on the same page. A mission statement also serves as a base line for effective business planning. A vision statement focuses on the organization's future; it can also robustly communicate the company’s purposes and inspire your team or organization. IFM consultants will meet with the Board of Directors to help define the company’s mission statement and vision. ISSUE #2: No Strategic Plan RECOMMENDATION: Once the CanGo mission and vision have been finalized and approved by the board, IFM consultants will develop a strategic plan through the following process: • Conduct a SWOT analysis • Review SWOT analysis and outline CanGo’s strengths, weaknesses, opportunities and threats • Define objectives, key strategies and short and long term goals • Define operational plan Once the strategic plan has been fully developed and approved by the CanGo Board of Directors, IFM will present the plan to leadership and ensure it is fully communicated to all employees. ISSUE #3: Poor......

Words: 280 - Pages: 2

Premium Essay

Ops 571 Week 2 Operational Analysis

...OPS 571 WEEK 2 OPERATIONAL ANALYSIS A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=ops-571-week-2-operational-analysis Visit Our website: http://hwsoloutions.com/ Product Description OPS 571 Week 2 Operational Analysis, A key subject in planning a prodigious supply chain for industrial merchandises is defining the mode those merchandises are relocated from the industrial plant to the consumer. In lieu of consumer goods, this frequently encompasses stirring merchandise from the industrial plant to a storeroom and then to a trade supply (Jacobs, 2010). For instance, all those substances with “Made in China” on the sticker travel for many miles just to get to people in other continents. For instance, a sweatshirt perhaps has made a tour elongated than you might ever mark. To retain the value of the sweatshirt dejected, that tour need be made as resourcefully as imaginable. There is on no account expressing in what way that sweatshirt made the tour. It must have been hovered in a jet or must have journeyed in an arrangement of automobiles, perhaps going by wagon part of the journey and by yacht or aircraft the rest of the way (Jacobs, 2010). Logistics is, therefore, about this relocation of merchandises in form of the supply chain. International logistics The Association for Processes Administration describes logistics as “the skill and discipline of attaining, manufacturing, and allotting substances and merchandise in the right domicile and by......

Words: 674 - Pages: 3

Free Essay

Acc 227 Week 2 Checkpoint Cvp Analysis

...ACC 227 WEEK 2 CHECKPOINT CVP ANALYSIS To purchase this visit here: http://www.nerdypupil.com/product/acc-227-week-2-checkpoint-cvp-analysis/ Contact us at: nerdypupil@gmail.com ACC 227 WEEK 2 CHECKPOINT CVP ANALYSIS ACC 227 Week 2 Checkpoint CVP Analysis Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 227 Week 2 Checkpoint CVP Analysis in order to ace their studies. ACC 227 WEEK 2 CHECKPOINT CVP ANALYSIS To purchase this visit here: http://www.nerdypupil.com/product/acc-227-week-2-checkpoint-cvp-analysis/ Contact us at: nerdypupil@gmail.com ACC 227 WEEK 2 CHECKPOINT CVP ANALYSIS ACC 227 Week 2 Checkpoint CVP Analysis Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 227 Week 2 Checkpoint CVP Analysis in order to ace their studies. ACC 227 WEEK 2 CHECKPOINT CVP ANALYSIS To purchase this visit here: http://www.nerdypupil.com/product/acc-227-week-2-checkpoint-cvp-analysis/ Contact us at: nerdypupil@gmail.com ACC 227 WEEK 2 CHECKPOINT CVP ANALYSIS ACC 227 Week 2 Checkpoint CVP Analysis Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 227 Week 2 Checkpoint CVP Analysis in order to ace their studies. ACC 227 WEEK 2 CHECKPOINT CVP ANALYSIS To purchase this visit here: http://www.nerdypupil.com/product/acc-227-week-2-checkpoint-cvp-analysis/ Contact us at: nerdypupil@gmail.com ACC 227 WEEK 2 CHECKPOINT CVP ANALYSIS ACC 227......

Words: 361 - Pages: 2

Premium Essay

Eng 225 Week 5 Dq 2 Film Analysis

...ENG 225 WEEK 5 DQ 2 FILM ANALYSIS To purchase this visit following link: http://www.activitymode.com/product/eng-225-week-5-dq-2-film-analysis/ Contact us at: SUPPORT@ACTIVITYMODE.COM ENG 225 WEEK 5 DQ 2 FILM ANALYSIS ENG 225 Week 5 DQ 2 Film Analysis and Its Applications Film Analysis and Its Applications. As you have learned in this class, film is a far- reaching medium with the potential to affect the greater fabric of our culture. Our understanding this potential and our ability to analyze it reach far beyond just this medium and into all areas of our social structures and culture. For example, the practice of closely analyzing particular films, which we’ve honed in this course, is the same practice of analysis which you will find in other courses – or in learning any new skill. Based on the films you have watched and the ways you have learned to interpret meaning in them, discuss your ideas about how films engage social concerns and have lasting effects on society. Pick a film (or films) as evidence of this dynamic and describe the social and cultural resonance you see. ENG 225 WEEK 5 DQ 2 FILM ANALYSIS To purchase this visit following link: http://www.activitymode.com/product/eng-225-week-5-dq-2-film-analysis/ Contact us at: SUPPORT@ACTIVITYMODE.COM ENG 225 WEEK 5 DQ 2 FILM ANALYSIS ENG 225 Week 5 DQ 2 Film Analysis and Its Applications Film Analysis and Its Applications. As you have learned in this class, film is a far- reaching medium with the......

Words: 1159 - Pages: 5

Premium Essay

Busn 460 Week 2 Analysis Report

...Week 2 Analysis Report This is an analysis which identifies six issues with their respective solution for the CanGocompany. The issues have been itemized according to their importance. 1) Mission Statement Problem: There is no mission statement for the company that would shape the company's purpose in the market. As such there is no guidance as to where the company is heading. "Self-analysis allows an organization to take the first giant step toward setting out common goals and developing a dear sense of direction" (Pierre Helfer, 2010). They lack focus on what they want to do as a company and as an example of the negative impact of this are the problems they experienced with their functional operations. Solution: Solution to this would be to write a mission statement. CanGo need to determine what they want to do in the market and define it. This will give them a purpose and the ability to set goals which in turn will help them steer their decisions towards the right direction. 2) Short and Long Term Goals Problem: Short Term or Long Term goals have not been set for the company to be successful. CanGo tends to make decisions on the go without a very strong analysis done. Solution: Create Short Term and Long Term goals for the company to provide a clear understanding for the future of the company and “Managers must maintain both a vision for the future of the organization as well as a focus on its present operating needs. However, financial markets can exert...

Words: 1371 - Pages: 6

Premium Essay

Biam 500 Week 2 Lab Analysis

...Lab 2 Analysis Sheila Mejia BIAM 500 Prof. Bruning Keller March 13, 2016 Explain the Solver results you obtained for both the initial problem and your sensitivity analysis. The solver results in the initial analysis in my workbook showed that 333 units of the cc7 and 200 units of the cc8 should be produced in order to obtain the maximum of a little over $5 million in profit while still remaining within the given constraints. The constraints included that that MBI Corporation cannot produce more than 200,000 units in its plant and must remain under an $8million dollar budget. MBI Corp. must also meet marketing constraints of at least producing 100 units of cc7 and 200 units of cc8. In the sensitivity analysis we increases the constraints by ten percent and Solver determined that the optimal units MBI should produce is 110 of cc7 and 46 of cc8. Increasing the constraints decreased the number of units produced and decreased the profit by 31%. Thus, the sensitivity analysis helped determine that the current constraints made for a bigger profit while making staying within budget and satisfying other needs within the corporation. Based on the solver results MDI should not increase the parameters of their constraints, at least not by ten percent. What did you learn from the exercise and how is it important to businesses? The lab showed me how analyze a word problem and interpret the numbers using a spreadsheet. It also taught......

Words: 363 - Pages: 2

Premium Essay

Acc 561 Week 2 Financial Statement Analysis

...Financial Statement Analysis NAME ACC/561 Accounting DATE University of Phoenix PROFESSOR Introduction Samsung – International Manufacturing Company Samsung served as the manufacturing industry and international company analyzed. Samsung has been in business for over 70 years and manufactures products for diverse markets, including: digital media, high -tech electronics, home appliances, information technology and telecommunication. Samsung's motto is to "inspire the world and create the future" by leveraging three key strengths: new technology, innovative products and creative solutions.   | Samsung | Wells Fargo | AT&T | Current Ratio | 1.4101 | 1.1500 | 1.6467 | Debt to Equity Ratio | 0.6768 | 9.8100 | 0.9675 | Profitability Ratio | 0.2881 | 2.3500 | 0.3069 | Return on Sales | 0.0736 | 2.0900 | 0.9563 | Dupont Ratio | 0.1200 | 0.6900 | 0.3496 | Financial Leverage | 1.1317 | 1.3500 | 1.0724 | Total Asset Turnover | 2.5035 | 0.0100 | 0.9003 | When you compare Samsung to AT&T, the retail sales company we profiled, Samsung has a lower current ratio by 20%. Samsung's debt to equity ratio is almost 30% lower than AT&T. Samsung's profitability ratio is very similar to AT&T, though 2% lower. Samsung's return on sales is comparable to AT&T, thought slightly lower. AT&T is much strong on return on equity, with almost 3X the Dupont ratio of Samsung. Samsung's financial leverage is slightly higher than AT&T. The key......

Words: 1409 - Pages: 6