In-depth research and analysis needs to be conducted on other companies that have created similar successful programs. They need to determine what the breakeven point will be, and when these new products will start generating a profit and then make the decision on whether or not it’s worth the investment. Issue 5 Lack of planning CanGo is in rapid development, but at the same time lacks of any sort of planning. CanGo's management team cannot seem to reach a viable solution for the future development of the company. Recommendation 5 CanGo needs to make a comprehensive analysis and then decide on a long-term development plan.
Financial Analysis A company’s strengths and weaknesses are better understood by their financial statements such as Income Statement, Cash Flow statement, and Balance sheet. As Financial consultants, our goal is to help CanGo understand their financial statements and where CanGo needs to improve to gain the competitive edge in the market. Every company needs to understand their own financials before analyzing the market or industry. After analyzing CanGo’s efficiency ratios, we found them to be very un-attractive for investors. For example, CanGo has a very high receivables turnover rate.
As this manner of knowledge management is not efficient and outdated it is suspected to be the main cause for loss of sales. Objective Our objective is to provide recommendations to improve the current knowledge management system by providing available options and suggestions. Current system Basic system in place for accounting functions, but no available procedures available for the collection and tracking of essential customer information. Desired Outcome For Dooright Enterprises to have an up to date knowledge management system in place, including updated software for accounting and point of sales and software for tracking important customer information. Action Required * Install new and up to date software to keep accounting functions efficient * Install software for keep track of customer information * Implement new procedures to knowledge management Gap Analysis Identified Gaps in system performance | Potential Solutions | Priority for action | No system in place for tracking customer info | Install best suited software | Needs to be implemented immediately for best results | Update accounting system | Review and install up to date software |
This, we know, is quite impossible. After several years of terrible economic conditions, it now seemed apparent that we need to give the economy a push before it could return to its normal state. And where would that push come from? The answer is by going deeply into debts to create job opportunities so that the economy may return to prosperity. Besides going into debt, I would like to point out a few other things that the government could have done.
Key Issues:- Although Thembeka has set up a good business in the field of jewellery but their some challenges that company were facing during their supply chain. Vonkel has to consider all those challenges before expanding their business. Following are the issues of Thembeka that they were facing:- 1. They were unable to locate the stock efficiently from their inventory which resulted in frequent stock out during the peak demand periods. In this case their inventory is placed in various outlets.
Hire or develop new talent. From the case it appears that Tanglewood has some inconsistency in management styles between the new stores and the original stores. I would advise them to develop new talent and hire within the company. The company has such a strong philosophy, and in order to continue with that core philosophy, I believe they should develop the talent they have with individuals who are already familiar with company expectations. Based on the reading, Tanglewood expanded by purchasing already established stores instead of building new ones, which left them with employees that were familiar with retail but had a vast contrast to their existing management core beliefs.
- The main problem is the make-or-buy decision with respect to cast housing. The problems derived from outsourcing are related in this case to: financial benefits, quality maintenance, response time to new requirements and necessity to dismiss16 employees. SOLUTION: - Given that cast housing production are not activity strategic, neither critical to the business, Terry should gather more information necessary for taking a make-or-buy
Many times there aren’t enough personal resources, like savings, or credit cards, and it may be necessary to seek help from family or friends. If they can’t help, a bank may be able to; however, getting a loan may be tough. Often, you cannot get a loan for 100% and you will be forced to find other ways to acquire funds for remaining start-up costs. (Introduction to Business, 2010) A second challenge is developing a great and unique idea that fills a certain need in the market. The idea needs to entice the buyer to want to buy it or a service that the public finds is a necessity.
Good corporate culture should have the ability to increase cohesion within the company, make executives and employees form the unified goal to promote development of the company. The case is begin with the events that lead to AIG’s downfall, stating the influence of AIG’s corporate culture. Then it illustrates AIG’s affairs happened before downfall, bringing out its ethical issues. And the end of the case, it states how the government help AIG to avoid bankruptcy. The company involved itself in bad mortgage lending by financial institutions that did not have sufficient capital to cover the loans, which in turn had bought this type of insurance from AIG that created an unstable financial environment.
The current situation is manual and difficult to maintain. As the business grows, Shipper will need to cut their delivery time down and better predict inventory needs. As part of Shipper’s new business strategy, they have emphasized that they will continue respond to individual customer design requirements. Shipper’s strong commitment to quality should give them a competitive advantage in the market as they maintain and build relationships with customers. As Shipper moves away from custom designed products, the flexibility for customers will decrease.