The provision of training programs is the second most important strategy to implement and it sees that the company develops training programs through which the staff members are taught how to operate with the new technologies. This creates a context in which the new online gaming site would be best administered, but also the employees would feel supported in their path towards career development (Barrett, 2003)
In this order of ideas, the following specific recommendations are made in this direction: The company should stimulate communications to strengthen an organizational culture based on openness The company should provide the employees with a wide array of non-financial incentives, such as flexible working schedule or training programs The company should provide performance-based compensations, including the issuing of Christmas bonuses based on performance. Such a measure would stimulate the staffs to increase their efforts and better support the organization in reaching its objectives (Evans, 2010)
The campaign would feature advertisements issued through numerous media channels. Within the advertisements, CanGo would promote the features of the site, as well as the benefits which would be registered by the customers upon usage of the website (Trehan and Trehan)
When branding, the company needs to look at the physiology of the consumers which is influenced by his surrounding environment- (that is his culture, behavior patterns, and family), shopping behaviors or shopping decisions, consumer level of knowledge, all this affect the branding. (De Chernatony & McDonald, 2002) For instance, a culture where alcohol is forbidden means that branding of alcohol in such a culture will receive negativity response and sometime hostility
More recently it has become clear that internet can be used in branding efforts. It is an essential tool effective in creating and increasing awareness of the brand especially among online users (Jevons, 2005) For instance, many internet users who come along Can Go on the internet for the first time will from there understand what it is, what it represents and its strategies
In principle, costs that are not justified should be reduced or eliminated and costs that are justified should be considered the price of doing business. When it comes to considering potential risks and potential benefits, its often useful to employ a risk analysis matrix (Lee, 2005)
The Nook allows a read in store provision, allowing any customer to browse books for 1 hour while in the store (again, driving customers to the brick and mortar). Nook competes with Kindle almost directly, and in 2012, Microsoft invested $300 million for an 18% share in nook, thus valuing the Nook segment of the business at almost $2 billion (Ovide and Trachtenberg, 2012)
Nook competes with Kindle almost directly, and in 2012, Microsoft invested $300 million for an 18% share in nook, thus valuing the Nook segment of the business at almost $2 billion (Ovide and Trachtenberg, 2012). Recently, B&N's strategy was to introduce an ultra-competitive 7 and 9-inch tabled called the Nook HD (Pierce, 2012)
Clearly, the model is successful in that Amazon.com posted revenues of almost $50 billion in 2011, with trends in 2012 showing consistent growth (Rosenthal, 2009, amazon
The company must carefully develop a strategic plan for reaching their strategic goals so that they do not sacrifice their current client base and reputation. The company needs to take a rational approach to growth, rather than letting their emotions and passions drive the company (Othman & Sheehan, 2011)
The current plan of management sees an incredible opportunity in the online gaming sector and in the IPO, but they are not considering the threats to the success of the plan. A SWOT analysis needs to be conducted for the company as a whole and for any projects that they wish to undertake (Pugh & Bourgeois, 2011)
I this is especially difficult in companies where managers develop a close relationship with their employees. While this is a preferred management style in terms of motivation and job morale, it can create difficulties when a supervisor must give in employee criticism (Wu, Loch, & Ahmad, 2011)
CanGo must carefully weigh the outcomes that they expect from the new ventures against that already spent on old projects that are almost complete. Abandoning old projects prior to them coming to fruition means time and expense wasted (Rao, Griffis, & Goldsby, 2011)
56 is very low, suggesting that it takes almost two-thirds of a year to actually collect on accounts receivable, which would give the company far less cash flow from operations during the period than would be desirable (Helfert, 2001). Even if the company is making money, that is, it is collecting so slowly that it could still face problems (Bragg, 2007)
In the case of the former, CanGo's ratio of 1.56 is very low, suggesting that it takes almost two-thirds of a year to actually collect on accounts receivable, which would give the company far less cash flow from operations during the period than would be desirable (Helfert, 2001)
CanGo Analysis Financial Analysis of CanGo CanGo does not appear to be especially efficient given the two efficiency measures appearing here. With both the Receivables Turnover and the Inventory Turnover, higher ratios indicate better efficiency -- the company is able to collect on accounts and turnover inventory faster (Spiceland et al
iTunes In the area of music sales, one of CanGo's most significant competitors is Apple's iTunes store. The companies are in direct competition when it comes to sales of downloadable mp3s, and iTunes market penetration through the free availability of its iTunes media-playing and -- organizing software means CanGo faces stiff competition here (Mennecke 2008)
com engage in the manufacturing of books nor do they even (typically) even deal with new items, instead focusing on the resale of previously used items (and specifically previously used books in the case of half.com), these are well-known sites for individuals seeking discounted books via online sales (Wang 2005)
Just as troubling is the lack of focus on advanced technologies that would make bar coding look antiquated and archaic. The use of Radio Frequency Identification (RFID) for example could vastly improve the performance of the AS/AR system as studies have shown from early adopters of this technology (Davis, Samanlioglu, Jiang, Mota, Stanfield, 2011)
It's a process and decision that could over time limit the company's growth however. Recommendation While the approach of assigning the most complex and rewarding projects to the most accomplished employees, it robs them of long-term motivation (Ramsey, 2010)