CanGo Online Gaming Industry - 673 Words

The largest factor which must be examined in regards to CanGo entering the online gaming industry is the probability of success, which is measured by profit. Upper management must consider many financial factors that will be imperative to the overall success of the company. In order to implement the new sector into the company auspiciously, expenses in relation to human resources, supply and logistics management, marketing, and the procurement and deployment of new and existing technology/methodologies must be examined. The company has currently projected an increase of 500% in net sales which will cause an increase in expenses to accommodate the resources required to handle the upsurge of demand. CanGo will need to hire new personnel in order to maintain order demand and will also require new technical staff members in order to implement and maintain the required hardware and software necessary for on-line gaming. CanGO must also account for storage and trucks required for shipping . One of the most important and potentially largest expenses CanGo must consider is marketing in regards to the on-line gaming industry. Examining all previously mentioned items will assist in the assessment of profitability for CanGo within the on-line gaming industry. Recommendation: Many new businesses and projects fail due to not properly completing a profit analysis projection. Completing a projected profit analysis allows upper management, stakeholders, and key decision-makers to makeShow MoreRelatedA Formal Strategic Business Plan1094 Words   |  5 PagesElizabeth Bennett, founded CanGo in 2006, she wanted to make a mark in the world of ecommerce. Over the preceding years CanGo established itself as an online success. CanGo provided customers with the option to purchase books, music, videos and games online. CanGo maintained its success throughout the economic crisis. CanGo continued to successfully provide customers with affordable entertainment. CanGo was able to capture a large market of a variety of consumers. CanGo had its fair share of concernsRead MoreCase Study : Inc. Market Analysis1340 Words   |  6 PagesMarket Analysis The main focus of this analysis is to give CanGo Inc. an overview of the current information regarding the target market, geographic area and size of the audience to include gender and age; along with trends and outlook of the online shopping and gaming markets. The main goal for any marketing sector is to reach as many people as possible with as little cost as possible. CanGo will have to get a better understanding of their base market in order to keep their existing customers,Read MoreCango: Strategic Management and Swot Analysis1501 Words   |  7 PagesThis report presents the meetings that have taken place here at CanGo. For the short time I have been observing I have learned that CanGo is a small company but is one of the fastest growing companies around. During the meetings none of the staff members talked about the effects that online gaming would have. Furthermore, staff didn’t ask opinions on the online gaming topic they also didn’t speak about price of stoc k or how it contribute to the overall strategy. Some employees would like to seeRead MoreCango Week 2 Video Analysis by Team a Essay1467 Words   |  6 PagesCanGo Video Analysis- Week 2 The Innovative A’s Consulting Group is glad to run our analysis on your company’s operational process. Your company has done tremendous progress and indeed it is a recommendable success as it started out small and grew to be one of the leading businesses in the industry. In our analysis over the past two weeks, we observed that, if planned well, CanGo has a promising future ahead. Our team came up with certain issues being faced by your company, which we assume, ifRead MoreCango Analysis963 Words   |  4 Pagesobservation is that CanGo is a company that has had some success so far. Liz and her company have many great ideas for the future of the company. However, they still need to create a mission statement to show what the company is trying to accomplish as well as what they are about. Liz was given an award, and just glossed over the story, because she had no idea how CanGo came to where they are. There was lack of planning, and didn’t even have a vision fo r her company. CanGo has identified a growingRead MoreCompetitive Analysis738 Words   |  3 Pagesgrowing the company, CanGo prepares to expand into online gaming. To assist in this endeavor, we present By Design’s findings concerning the competitive environment of online gaming. To begin with, there are many impressive competitors in the online gaming industry. The following tables show the top 25 gaming companies in 2010 along with the fastest growing ones (Van Kooten, 2010). Despite this fierce competition, there are also plentiful opportunities for entry into the online game market withRead MoreCompetitive Analysis Cango988 Words   |  4 Pagesanalysis 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 services. CertainRead MoreCango Week 2 Video Analysis1208 Words   |  5 PagesCanGo Analysis Report Consultants BUSN 460-Team 1 CanGo Analysis Report Let me say first thank you for giving us the opportunity to evaluate your company’s operational process. It has been a tremendous experience to be in a company that started out small and grew to one of the leading businesses in the industry. CanGo does have a promising future ahead. During our evaluation over the past two weeks, we have noticed a few things that will be a problem in the future if not resolved.Read Moresenior project- CanGo2692 Words   |  11 Pagesreport is to provide CanGo Corporation with guidance and recommendations based on a thorough analysis conducted by Team BEHS Consulting Specialist (Team BEHS). Team BEHS analyzed CanGo’s business processes, financial standing and future expansion plans. CanGo will be the one of the principal online entertainment and gaming companies within this thriving industry, with a rapidly developing consumer brand and growing customer base. The company is already renowned for their online wholesale book sellingRead MoreCango Week 2 Analysis Report Essay2763 Words   |  12 PagesCanGo 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