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Cango's Strategic Plan

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CanGo is currently experiencing a significant number of challenges due to the lack of organizational structure. Every business has limited human, financial, technological, and other resources that are available to produce and to market its products and services (Kerin, 2012). However, these resources must be strategically used to satisfy the customers’ needs and become a dominant organization within its respective market. Kerin (2012), defines strategic planning as a long-term course of action designed to deliver a unique customer experience, while achieving its organizational goals. CanGo is in vital need of a strategic plan, to address areas of customer service, organizational structure and culture, performance feedback and marketing. The foundations of an organization that wants to achieve financial and non-financial objectives must be summarized into two main phrases, which are the Vision and Mission Statements. Additionally, CanGo faces an issue of organizational culture. Even though this is one of the hardest areas to address, CanGo needs to revamp the culture …show more content…

Increasing revenue by 30%, implement a customer review process and obtain at least a 95% customer satisfaction rate and stablish a 20% returning customer rate, are some of the goals recommended to CanGo, and which should be achieved within the next 12 months. As consultants, ExperCon suggests that by utilizing customer and audience targeting, market segmentation, understanding current market-trends, building life-long clients, and revamping the online shopping experience, CanGo will achieve those financial and non-financial goals. Moreover, by hiring and training their employees in all technical areas of the industry and redesigning the logistics, supply chain, and distribution plan, CanGo will achieve the desired functions in all

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So far, in almost 8 months the company is seeing business increase greatly; which is a win-win situation for the company and its stakeholders. CanGo is now in great position to expand their inventory. In addition to new and used books, CanGo is looking to start offering music downloads capabilities, magazines and more electronics such as IPad, tablet, and smartphones. CanGo will continue to use their Just-in-Time delivery (JIT) method. This process has proven to work well for the company

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As CanGo looks at becoming more productive within their specific online consumers/customer

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Strategic Plan CanGo is a very successful internet business that has not followed the traditional ways of building a strong organization. Elizabeth Bennet, the CEO of Can Go, had a dream, pursued it and obtained success by accident. The purpose for the strategic plan is to develop a strong structural organization that has the ability to manage a successful innovative organization with character and integrity that leads the ecommerce market by remaining abreast of cutting edge technology. This strategic plan will shape how Can Go does business and to ensure the delivery of the highest level of professionalism to the customers. The vision, mission and value statement will be engrained in the behavior, how well customer behavior is understood,

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There are several components of motivation in leadership of an organization. Nonprofit Motivational Style states that, “Nonprofit managers’ motivational styles fall into five different categories that vary in their relationships with their job satisfaction, job involvement, and pride working for the current organization, (Chen, pg. 17, 2014).” One of the theoretical foundation of motivation that applies to the contributions of empowering the Girlz Netwerk Non-Profit Organization goal setting. Observing the work of the leaders and members of Girlz Netwerk it was clear that setting goals and seeing them through is a priority for everyone. The organization has several goals to achieve through motivation and hard work.

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Issue: New projects will be exciting and fun, however fun shouldn 't decide whether or not an organization develops a project in-house. There should be some strategic designing concerned in addition. Outsourcing to a 3rd party, could be a call growing firms like CanGo can need to seriously take into account. As their business grows, outsourcing will save costs, space, and time; all that are valuable assets. The value of accepting a project isn 't free, there 's a chance value related to accepting any new projects.

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The same element applies when launching PetSmart’s new strategic plan to the entire company. A well-developed strategy plan can fail if not launched appropriately, so communication and implementation important (Gluck,

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Riordan’s Strategic Plan According to The Strategic Management Group (2015), “Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization's direction in response to a changing environment.” Strategic Planning is a deliberate way management can mold and shape their company to reach their goals. In order for Riordan manufacturing to become a global leader in plastic manufacturing and injection molding, they will need a strategic plan. Riordan must determine their strategies, decisions, and actions to increase their performance.

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Strategic Plan The foundation of this plan begins with human resources and branches into three key areas needing improvement: talent management system, overtime reduction, and renegotiation of the union contract. As you will notice from the strategy map below, the positive effects of these changes, support the organization’s strategic goal of profitability. Talent Management System

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Table of Contents 1.0) Executive Summary 3 1.1) Objectives 3 1.2) Mission 3 1.3) Keys to success 3 2.0) Product and Services 4 2.1) Sourcing 5 2.2) Technology 5 3.0) Market Analysis Summary 5 3.1) Market Segmentation 6 3.2) Target Market Segment Strategy 7 3.2.1) Market Trends 7 3.2.2) Market Needs 8 3.2.4) Market growth 8 4.0)

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3.0 Concepts 3.1 Resources and Capabilities In order to achieve and sustain competitive advantage, a business needs both resources and capabilities. Resources are assets that are owned or employed by an organization. The organization utilizes and uses these assets to carry out their business operations. Resources can be grouped either tangible assets or intangible assets.

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One of their key strategies in meeting this goal is a focus on customer service in order to create an experience for its consumers. Another one of their strategies is to ignite their emotional attachment with consumers. They also have

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THE DIFFERENCE BETWEEN MANAGEMENT AND LEADERSHIP It is important to appreciate that leadership roles are different from management functions. In Stephen Covey’s (1999) book The Seven Habits of Highly Effective People, he quoted Peter Drucker as saying: ‘Management is doing things right; leadership is doing the right things. Management is efficiency in climbing the ladder of success; leadership is about determining whether the ladder is leaning against the right wall.’ This suggests that management is about tasks, whereas leadership is about perception, judgement, skill and philosophy.

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1. Introduction – Importance of Principle of Management (PMG) – Relate with case study – Overview of the content Introduction The purpose of this section is to discuss the importance of management principles, and the impact on each organisation. Principles of management are generally termed as the act of planning, organising and controlling the operations of the basic element of people, materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives.

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Causes According to Amin & Noor (2013), the E-consumers generally refer to the purchaser of goods and services over electronic systems such as Internet and other computer networks. This new group of consumers is increasing in number over the years as on-line shopping become a trend and manifestation of modern life style. Based from the Paynter & Lim (2001), E-commerce would provide consumers with benefits such as interactive communications, fast delivery, and more customization that would only be available for consumers through online shopping. Product information in the Internet is more compact and it ranges from various sites.

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