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 for each section: STRENGTHS: What advantages do we have? What do we do better than anyone else? What unique or lowest-cost resources can we draw upon that others can't? What do people in their market see as our strengths?
Weaknesses: are obstacles that do not allow us to reach our targets and realise them to great heights. Opportunities: When a company gains the lead by using its positive situations to progress in its atmosphere. Threats: When the state of affairs in a business is endangered by peripheral influences hampering consistency, cost-effectiveness. It can also be defined as “a classic means to an end.” An illustration: [pic] [pic] [pic] [pic] [pic] Strengths & Opportunities are internal factors while Weaknesses & Threats are external factors. Part B.
Despite CanGo’s initial success, however, the organization is not without its fair share of concerns. The primary issue with CanGo is that it lacks a formal strategic business plan. The company has also failed to clearly define what its short-term goals and long-term goals are and how it plans to go about realizing those goals. The company also has problems with its current organizational structure. Although roles are clearly defined, CanGo often succumbs to a centralized form of decision-making, with Elizabeth Bennett micromanaging to such a degree that the decision-making process almost becomes paralyzed.
This generic phrasing, however, does not aid in the differentiation. As a consumer, what about a mission statement such as that would draw me to one company vs. another? “In essence, the mission statement defines the direction in which the organization is heading and how it will succeed in reaching its desired goal” (Peter & Donnelly 8). An article for Demand Media, written by Elizabeth Smith and titled Five Criteria for a Mission Statement, gives a fairly succinct breakdown of what you should look for when both analyzing and writing a mission statement. Smith first directs us that a mission statement be informative.
Ineffective leadership and low support from Management on a speciality project was identified as the probable trigger that instigated a series of problems at Corwin. During the analysis of the case the author identified several problem areas impacting the effectiveness and efficiency of the company. These problems range from a lack of leadership to people skills, communication and process issues. I analyse these problems under the following headers and also make some recommendations: 1. Structural problems 2.
This practice keeps these businesses in the oligopoly market structure. They must take into account the expected reaction of the other companies. Oligopoly market structure has no definitive plan in place; it is based on strategic planning. This means the company is ready to react to what a competitor may do. Target could have very well been in the monopolistic competition structure but did meet some of the structure points.
The tool that will be utilized to present the data as to whether or not the E-Time is more beneficial to the organization is a In the simulation Quality Management and Productivity a company Sergio’s Corporation had some severe quality issues. Sergio’s corporation was once favored by their customers for variety of products and their timely execution. In the simulation I was asked to help consult the company to get to the source of the problem and implement new ways to improve their declining quality rating from consumers who have began to decline the company’s products. The first issue was to pinpoint the quality issue. In my assessment of the issue it was my opinion that the quality issue came from welding the actual problem derived from stamping.
In supply chain management, strategic capacity planning controls the demand of new opportunities at minimal cost (Chase, Jacobs, and Aquilano, 2006). Strategic capacity planning is essential in establishing the permanent capacity capability a business needs to maintain or improve its market share. Poorly planned capacity needs can help the competition, costing the business customers (Chase, Jacobs, and Aquilano, 2006). Performing a break-even analysis would assist Riordan in calculating the proper capacity needs of their
The fact that people had to repeatedly asked company Q to carry specific product line represents that the company is not in tune with their community and with the needs of their customers. Company Q should develop methods to research what goods are selling better in certain areas compared to what goods and merchandise is selling slower. If company Q can stay ahead of what the customer wants, the customer will feel as if the store is listening to them, knows them, and appreciates them for shopping with them . This problem can be easily remedied simply by conducting formal and informal surveys, placing suggestion box around the store, and simply asking their consumers what products they would like to purchase inside of their store. The sooner that company Q can anticipate and foresee what products are more in demand the sooner the company will be able to create a better profit margin, establish a good working relationship with the customer, and achieve a favorable public and consumer perception.
The company’s product may not be the best, it might even be the worst, but if they can plant the idea in the audience’s mind, they can persuade them to purchase a particular product. This takes a great amount of skill and thought. First, the company needs to pinpoint an audience, more professionally called pathos. Second, the company must establish an ethos, or character, to connect their values to the audience’s. Third, the company must develop overall logos, or purpose to show the audience their intentions.