Team Video Analysis Report: BUSN460: Senior Project

1001 Words5 Pages
Week 6 Team Video Analysis Report BUSN460-Senior Project Team C- Charles Group Consulting June 12, 2011 Issue 1 Performance Evaluation The performance evaluation did not provide a foundation for the growth, development, and promotion of the individual. The manager's communication is not open to their employee's performance standard and expectations. Poor performance was not resolved or addressed to take action to avoid performance problems before they occur. The sign of a successful performance evaluation is an employee who leaves feeling motivated for all the right reasons and for fulfilling their job satisfaction needs, which in CanGo this was not the case. Employees are also only receiving a performance evaluation once a year and…show more content…
CanGo is not considering the major benefit of an IPO, which is increased capital that comes from investors. If CanGo does not take this form of increased capital into account it will limit their growth. Recommendation 3 Offer an IPO CanGo should offer an IPO, allowing for increased capital. By offering an IPO CanGo will able to take a big step in the right direction of expanding their new ventures. Investors investing in an IPO are aware that it takes time to see a solid return/profit when a company is expanding into new ventures and that risks are involved. Most importantly, investors know that a risk has to be taken for continued growth and for the health of the company. CanGo needs to offer an IPO so that they have the funding to expand and grow. Issue 4 Hidden costs The team at CanGo hasn’t even considered what the hidden costs to the business might be if they branch out into the new projects they are currently exploring. They are not adding additional staff, equipment, or software so spreading the resources out could cause the quality of the existing products to suffer. The current crop of products and services are what made the company successful in the first place, there is no guarantee that the new products will be…show more content…
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. An effective and comprehensive competitive analysis aids leaders in making critical decisions. Such decisions may include weighing the positive and negative aspects of entering new markets, and measuring their opportunities for achieving success. Issue 6 Recommendation 6
Open Document